BUB Fools latest positive, page-18

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Be advised, Investment company PAC Partners predicts that the sales growth of Bubs in the first half of 2018 will be very strong and it is expected that the annual sales revenue will reach A$17.7 million. The target price for the 12 months is A$1.002, giving a “buy” rating.

Increased demand for the company's goat milk infant formula which saw sales grow by 63 per cent by the end of Q3.
The group's success in China continued too, with sales in the region up 55 per cent for the third quarter.
The company has a strong balance sheet at the end of the quarter, with $5.570 million in cash reserves following the NuLac Foods acquisition. The group bought NuLac last November for $39 million.
Generally, business is looking strong for the organic infant formula producer. All three stages of Bubs' goat milk infant formula will be in Woolworths by the end of April 2018.
Woolworths has also agreed to stock two varieties of Bubs' organic baby cereals by the end of May 2018.
Chemist Warehouse has also jumped on board with Bubs, and will be stocking five varieties of Bubs' baby food pouches.
Internationally the group has made significant deals with online retailer JD.com to sell a huge variety of products including the goat milk formula and CapriLac powder.