Great work on the company maintaining its market cap in the last 6 months - after the crash early in the year, the stock has been a reasonable defensive store of wealth against a volatile market.
People probably invested in the stock, a micro cap, looking for growth - based on the growth story.
What I guess the market would be looking for - for growth in the share price:
- growth in sales numbers as flagged a long time ago by management in line with the new brewery (old news and investors are wearing the losses of the brewery issues that didn't live up to management expectations)
- new contract wins. Its been a long time since there were any announcements here - if you were investing in a contract brewing company, you would probably expect them to be growing their contracts base,
- brand visibility, awareness and penetration - GRB is still largely an unknown quantity. e.g. if you look at the Facebook site, not many likes, and thats on a social network site for a brewing company, selling beer - the most social product around.
Its hard yakka, I bet
You would take it as given that beer sales would go up over summer.
You would take it as given that an existing brewing company would be selling beer throughout the year
You would take it as given that the company was working on its brand and product offering
GRB Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held