PFT 14.8% 2.3¢ pure foods tasmania limited

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  1. 4,193 Posts.
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    Share price was 60c when revenue was $4M.

    Then Daly Potatoes were acquired which added $2M or 50% additional revenue which suggests a share price of 90c.

    I think the recent buying is knowing there will be another acquisition soon. What revenue will that company bring? If another $1M or even $2M then $1.10 / $1.20 looks achievable.

    They take advantage of economies of scale with every new business they buy into.

    If after their acquisitions they can show $4M - $5M revenue in the HY report, they will be trying their hardest to make FY21 $10M+.

    Having product in 850 Woolies stores will certainly achieve that goal.
    Last edited by futurenow: 25/09/20
 
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