Did they not announce last month that they are no longer producing or distributing conventional IF and focusing on Organic?
Why is the distributor (with all his experience and deep Chinese and Local networks) paying nearly $20 a Tin for conventional IF (given the announcement states he has supposedly committed to 5 million plus tins @ circa $100 million) when he can go to the local IGA here in Manly and pick up 1 tin of unsold WHA sitting on the shelf today for $16.50 retail.
You can pick up Bubs, Bellamys, A2M , Nestle, Karicare and practically every name brand IF in the world wholesale for well under $15 a Tin, especially if you are supposedly committing to 5 million plus Tins. I would have thought the named distributor would find it appealing to sell established well known brands that he can buy cheaper and make greater margins selling to his deep local and Chinese networks supposedly spanning all of China.
Happy for posters to correct the above facts as per the company announcements and analysis of today's announcement.
It's a good announcement , only the detail (from their announcement) makes very little sense. Should the regulator step in here and request a please explain?
WR
WHA Price at posting:
86.0¢ Sentiment: Sell Disclosure: Held
