So I have been bullish in the past on this stock based on anecdotal evidence, and performance wise it was a correct forecast but didn't translate into share price rises and I couldn't forsee the exit of woolies.
That said, is it just me or is 3cents a great bargain for a company which looks set to record their best summer of sales? I bought in to GRB a few years back at 24cents and to be honest the books look better now, I think in all the buy back is a good move which will make GRB one of the largest independent brewers and allow them to put cartons in all stores.
Now to little dove - what a drop! I had to ask staff at Dan Murphys to grab it from the back as all upfront stock was gone. They all asked if I had tried it before - they were aware of the buzz and said they had been getting quite a few looking for it. Now I liken the taste to a better Rogers / Narrow Neck but punchier and much stronger in Alco (6.2%) the price was $85 which as a consumer I thought was crazy but as a shareholder am excited - they are selling this at a massive premium and consumers are paying.
In summary, after the rights issue (which all respectable outlets) have advised to take, I think a small but generous punt on this stock at 3cents is one of the better speculative buys you can ever get. The production is there, the sales is there, the distribution channels will increase and most importantly - the product is top quality. Watch out after summer for strong results, my prediction is 10cents by April.
GRB Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
