Moving to bigger margin products - But still losing money?
10 new products launched this year and zero last year- Nup they had products launched last year, they are now all deleted.
"Products launched last year did not meet expectations" - Didn't they say they had no products launched last year?
"New products launched this year some are going ok some are struggling, but we will fix them". Oh thank God for that I love seeing the grey putty on shelf at $0.60 reduced from $6, not to mention the probiotics that are busting open on shelf!!!
Impact on the strained relationship between China and Australia - No worries we are going to India!!!!!.
Jonesys' going well in spite of COVID - except they are losing money and keep losing money.
Speaking of Jonesy's the secured $1M debt is now not secured, but hey we got ourselves a good loss making business.
Commonwealth bank - No worries well advanced in our banking facility - But who and when?
Drumborg farm sale, surplus to our needs - the sale will reduce out debt by 50% - Lets see how much is actually paid back?
The formula plant couple of $100 thousand still to be spent then another $1-1.5M to be spent, lets call it "Circa" as they like to say!!! - Oh hang on what about staff costs, commissioning and trials, yeah they are all massive costs - probably covered in the "Circa" figures???
Tummy health product "Capital light" - Really? I think you may find that minimum production runs will be very large and marketing costs in this space are enormous, maybe that is all wrapped up in the "Circa" costs???
Well, well a potential JV with a Chinese partner, oh dame it fell over because of COVID, there is that dame COVID again!!!
"When will you be profitable?". "Well ask The Premier of VIC he said he couldn't predict tomorrow" so how could we? - No just when will you be profitable not just tomorrow but on going? Just couldn't say!!!!
I hope all enjoyed the AGM? It was most enlightening. Don't worry we are on track!!!! Can't wait to see the half yearly results!!! Merry Christmas everyone.
AS ALWAYS DYOR.
AHF Price at posting:
8.8¢ Sentiment: Sell Disclosure: Held
