Beston is more or less an investment vehicle that owns agri assets / have JV arrangements with agri companies. Which explains why they have the annual management fees (1.4% of the market cap) and performance fees (17.5% x Market Cap x (Beston Return % - ASX Return %)).
A lot of assets that they acquired / will acquire as part of the IPO are already producing income. Some of them even already have established export channel to the Asian market. So I'm not worried that they bought a dud assets.
The thing I really like is they have established export channel to some of the biggest supermarkets in China, Thailand, Vietnam, South Korea and Japan. As Katavi mentioned, execution is the key here. I do believe that the management have the right skillset to pull this together moving forward.
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