And I forgot the best bit......”and your little dog too”h This...

And I forgot the best bit...

...”and your little dog too”

h 

This is Banjo, Shakey’s dog ...immortalised in the mural.

Also I thought, seeing as I am on the thread about directors and their doings and the discussion was not about the artistic direction of the company (nor the rule of coincidences) I might try  to contribute something more solid to the discussion:

More than 100,000 million shares is enormous.

I guess that is why the share price is in the region it is.

Market Cap currently about $100 million 

However (wearing the optimist t shirt) according to here :

https://simplywall.st/stocks/au/food-beverage-tobacco/asx-grb/gage-roads-brewing-shares/news/does-gage-roads-brewing-co-limiteds-asxgrb-ceo-salary-compare-well-with-others/

“On average over the last three years, Gage Roads Brewing Co Limited has grown earnings per share (EPS) by 74% each year. It achieved revenue growth of 22% over the last year.

This shows that the company has improved itself over the last few years. Good news for shareholders. IThis sort of respectable year-on-year revenue growth is often seen at a healthy, growing business.”

Seems to me Gage Roads is a healthy growing business .

the five year plan seems to be going like clockwork .

10% profit per share is not bad going by your figures @bendigo however many shares there are.

Finally whilst sellf funding growth is a reliable way to grow,  outside of hot tech and a few others it’s generally a slow way to grow.

@bendigo you say we are unlikely to get a dividend at this rate .

But that’s  is not why I bought into the company.

I wanted capital appreciation -sooner rather than later.

I liked your post but I am not going to be disgusted with the directors yet or tell them to pull their heads in.

I thought buying Matso’s was a great move .

Do they have something else in mind?

Was the issue of new shares a sudden  idea or is this part of the  five year plan?

I haven’t followed Gage very closely and I don’t know about all the other burdens really LT holders have had to bear but to me as long as there is increase in profits along with all other activities this is a good thing.

the interesting question is what would  they use the money for.

event sponsorship ?

another purchase ?

....more art works?