I personally don't think this slow fall has anything behind it, over the past 2 years of so it has seemed to follow this pattern, very little news coming out of GRB, you would presume they are chugging along as normal - I try to research their movements on social media and in bottle stores, still heavily advertised around, instagram for their QLD, NSW, Vic reps shows a steady stream of new bars installing taps, rhubarb gose is doing the rounds at the hipster joints.
The popularity of little dove I feel has led to the growth of single fin, price and alcohol wise it is a safer option and it's quite a tasty beer option for $50 a carton. It's also very present in stores and at food outlets (Grill'd for example).
I would still like to see GRB have a open taphouse somewhere; something like balter or little creatures but in a different area of Freo.
What are others thoughts? Would GRB be looking to overtake a couple of other little brewers? Mash in Swan Valley, Black Brewing in Margs? Or Colonial with their Melbourne based brewery? seems like a few nice little breweries that Gage could take on into a large portfolio of craft beers - but maybe that isn't the idea; rather are they waiting out to be snapped up by one of the bigger boys themselves?
Quarterly results based on history will be emcouraging without being amazing and GRB will continue to chug along at 4c until the wider market sees the value! Most punters seem to prefer companies with 'future potential' earnings that never come about and are CR'd until death rather than a fully operating company with soon to be positive cashflow and profits.
GRB Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held