I don't know why they would want to exit Boundary Bend as they have
- launched Wellgrove olive leaf extract
- launched Stone & Grove olive leaf tea
- kept expanding the olive plantation plantings and processing plants, including a 500ha planting next to their Boort plantation, which they are managing for a fee
- have other products, probably hydroxityrol & others, which as food additives worth huge sums per tonne, being announced soon
- increased the wholesale price of their brands by 15% p.a. for the last 2 years
- kept expanding in the US
In the Australian, Rob McGavin alluded these business lines could be more profitable than the olive oil business itself.
I think they would make a mistake selling in the next 10 years given the huge market Boundary Bend has available. Maybe the Gowing's have picked a few duds, but they have picked a few big winners too
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Change
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Mkt cap ! $113.6M |
Open | High | Low | Value | Volume |
$2.12 | $2.12 | $2.12 | $365 | 172 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 78 | $2.12 |
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Price($) | Vol. | No. |
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$2.16 | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 78 | 2.120 |
2 | 14000 | 2.110 |
2 | 18000 | 2.100 |
1 | 2310 | 2.050 |
1 | 15000 | 2.020 |
Price($) | Vol. | No. |
---|---|---|
2.160 | 3000 | 1 |
2.170 | 996 | 1 |
2.190 | 1850 | 1 |
2.200 | 2800 | 1 |
2.270 | 18999 | 1 |
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