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clock Created with Sketch. 25/06/20
21:23
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Originally posted by sabine:
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Current sentiment indicates Freedom may be de- rated by the market but looking at the glass half full, the above announcement says :In particular, the Company has been advised by the Perich family that it has its ongoing support for the Company’s development and capital requirements as they arise,” said Freedom Foods chairman Perry Gunner.” “We continue to see increasing demand and customer enquiry across our key brands and markets with an emphasis on dairy, nutritionals and plant beverages.” “ restructured its syndicated and bi- lateral banking facilities ...... to increase short term liquidity limits by $100 million, while maintaining the existing overall indebtedness limit. The amended facility provides a more flexible structure to accommodate changes in sales and inventory mix in the current environment, increased covenant headroom, as well as ongoing growth of the Company over the medium term. The Company is working closely with its banking partners and keeping them updated”
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Agree, with a good CEO hire, this will be a turn around story... No more CAPEX required, need to focus on key products that are successful like milk lab, ditch the non performers!
(20min delay)