I will sound opportune here by holders, but this could go to a fresh low into tax loss selling month. Look at those stale sellers in the depth. I might be tempted at around 4c.
The probelm with this co is as mentioned... Olsen and Hodemaker (sorry if missplet)... He needs to go, he's done a job getting the co going with WOW, but they've sold out at higher prices and expect retail holders to stay in there. Nothing stinks more than directors selling (under the guise of promoting liquidity) at a high because they see their money with better value elsewhere. Absolutely disgraceful. If they can't see better value going forward in the company why should holders stay with them. Change the management and I guarantee these 5c days are over...
I do like the craft beer segment, as others have pointed out, despite beer sales being at record lows, craft beers keeps growing and it's all I drink.. I do think Gage's beers, despite being nice, need a face lift, even with the new label. They need to outsource the labelling to someone, like have a look at some of the great pale ales and beers. Murray's, Rabbit... Gage cannot make the labels similar to Squire's as they do not have the same value... As someone else has mentioned, delete extra beers, and keep the range smaller and more targeted to consumers..
I will continue to watch because I just see value from someone as a predator. Still think CCL would love to take this, but the WOW stake makes it hard as a block. I bet Alison Watkins has had the crew run the ruler over Gage..
GRB Price at posting:
5.3¢ Sentiment: None Disclosure: Not Held