Items 9.3 and 9.5 of Appendix 4C seem to point towards this. Advertising & marketing cash costs for Q1 are forecast to be 25% higher than the quarterly average for FY17 and 54% higher than Q4 FY17.
Staff cash costs for Q1 FY18 are forecast to be 41% higher than the quarterly average for FY17 and 57% higher than Q4 FY17.
The CEO has delivered on previous goals set especially in terms of retail footprint. The aim over the next 12 months is to increase on shelf presence in the stores they have locked in. The foundation is there and it is now just a matter of the product selling. I don't doubt management's ability to get this done and am happy to hold and see what comes next.
RNO Price at posting:
22.5¢ Sentiment: None Disclosure: Held
