Ann: ANO Investor Presentation Update, page-80

I'm leaning more on Brad J's side. Some of the numbers brandied around on this thread are on the extreme bullish end of the spectrum. No doubt the company is flying, and there's further room for optimism. But multiplying the average price, which management have stated they've lowered, with the maximum production capacity is at the very pointy end of probabilities.

With the previous log-jam cleared, and with each production lift, will demand be anywhere near production capacity? Of course the answer is no (sorry, rhetorical question). Running at peak production capacity is no way to operate. And management have already flagged increased output storage (i.e. producing more than demand). I'd be highly surprised if they pull off $30m revenue in FY20.

I've been a holder for 1.5 years and holding the lot - so not talking my own book here. Just instilling some realities.

Having said that, we are probably seeing a upward squeeze at the moment. If Lev, Kearney and Vesto are hanging tight - that's 60% of stock off the table. The rest is only worth $75m, and there's probably quite a few large-ish high conviction holders in there too. Not a lot on offer for any funds that want to wade in...

And the retailers are coming. ANO is the best performing stock after Split-it in the first week of the SMH/Age/Fairfax Shares Race - and will get a good 6-week publicity pump. disallowed/money/investing/shares-r...-as-splitit-catches-fire-20190308-p512nj.html.