Looked like a good result for TFL, with the cash receipts for the quarter all from Meander Valley sales.
With a run rate of $1.7m a quarter, you would expect they can comfortably generate $8m in revenue this FY from the diary business and that is before any growth from the new dairy facility which will expand capacity significantly and be the first opportunity to really start to market the products.
Add to that the Chickens and Wasabi and should be a good year ahead for TFL as they bed down the acqustions, drive synergies between the businesses and look to grow each business before acquiring more Tassie food businesses in the future!
TFL Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
