BUD Webinar Discussion 26/10/20, page-29

Agreed McKhenry,

Long time reader, rare poster here. I think you call it well every time and today also. Of all the short term challenges that posed risk the coy has largely sorted these out yet the price hasn’t reacted as expected.

My view was a rerate to 10c not long after finance but market seemed underwhelmed. Possibly owing to the IR on the LOC and the drawable facility being at 12.5%.

Broker data says pro money exiting for retail take up - third column.

The next two 4c’s should lift us back to the path to 10c provided they show strong turnover and continuous order flow. Mind you once profitability arrives full employee remuneration/benefits returns also.

My thoughts.