I see that a food company debuted on the boards today in FFF and fits well with talking about plant based foods that MBH is introducing. FFF are capped at $16m with $4m annual revenue. MBH $52m (3 to 4 times FFF) market cap, based on 11 times more revenue.
You can't value a FMCG company on revenue alone of course, but MBH has very minimal debt (actually the convertibles are now done aren't they?) and growth in the pipeline with MB's plant based range to hit the market and then the bio side to export markets. Will be interesting to see how things play out going forward. Quite happily to hold here.
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