Bellamy's had 17.5M shares out of 95M total come out of Escrow in September (not 77M as mentioned above). Still a substantial % however it did not slow down the rise of BAL. ONC is totally different with 98% more shares to be issued. At present investors are trading 2% of the company. I am extremely confident ONC, which will become Tasfoods, will be a winner however IMO those holding will unfortunately be sitting on a paper lose for maybe a few months. IMO it will dip and then rise quickly. Entry at around 30c and LT hold will be very worthwhile. Lots are holding of to Xmas and will be ready to go.
VDL will become much more profitable once they produce "value added" products. Premium infant food products have been discussed by Bellamy's, and other dairy products. Think of how slim the margins must be on milk since the $1 litre milk wars that coles and woolies have conducted over the past 2 to 3 years.
TFL Price at posting:
68.0¢ Sentiment: None Disclosure: Not Held
