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Trading Update?, page-3

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858 Posts.

37

22/05/18

15:20

Post #: 33254045
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Originally posted by slugstock ↑

Has been nearly three months since an update was provided. The 27th Feb Prezzo showed revenue for the 8 days of Paris Creek being $371,000 (I am assuming MOST of the revenue came from Paris Creek and not the struggling Maggie Beer).

Annualised that is around $15m in Revs. Hopefully that gets bigger and better as the strategy to penetrate the Eastern States of Aust more works a treat.

Would be good to get an update. Hopefully no news does not mean there is anything to hide. Determining how much of that revenue and/or profit is heading back into the business to grow it will be interesting to see. Wouldn't expect any sort of capital raising if cash has been handled adequately.

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Fyi they don’t report Maggie Beer revenue in their financial statements, only Paris Creek, because MB is not consolidated, it’s just an investment. They do separately release Maggie Beer’s accounts though.

LON Price at posting: 71.5¢ Sentiment: Buy Disclosure: Held
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