BUB 7.69% 14.0¢ bubs australia limited

Ann: Credit Suisse Dairy Day Presentation, page-8

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  1. 702 Posts.
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    And guess what... they said they expected to have submitted CFDA application by CY17... 3Q18 and still no submission let alone getting close to approval. Like I said read between the lines on this one again.

    Capital raise is likely as I can't seen any debt funding given the risk profile of this business. Domestic sales looks okay but again IF is the clear focus and you've mentioned the growth/lack of on that above. Even still domestic sales of any proportion is not what this company is valued on, which I understand, but on the flipside why is it taking such a long time to submit their CFDA application?
 
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