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Ann: Results of Capital Raise, page-8

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  1. 489 Posts.
    lightbulb Created with Sketch. 194
    Along with a hand-full of other die-hards I went to the meeting yesterday.
    A few comments:
    Cap raise obviously a success.
    New board looks promising
    CEO doesn't have runs on the board - time will tell if he can turn it around
    Cereal & Snacks was a good sale for an unprofitable business.
    Seafood to be improved and then sold.
    Dairy & Nutritionals seeing a significant operational turnaround
    Seeing big growth in plant based
    Cpy has a strategy for China. It's currently 13% of revenue and don't see it falling
    Had a recent ruling in the Blue Diamond case with 9 of 10 in favour to FNP. Could go on another 3 weeks or 3 months.
    CEO MP amazed at the success of Oatly Group IPO in USA. So very good to see the new Milklab Oatmilk. In stores next month.

    https://hotcopper.com.au/data/attachments/3211/3211037-c3ec2fc3e51e4c44ae87e37b2cd3bf43.jpg

    https://hotcopper.com.au/data/attachments/3211/3211041-788d186dbee1fc25ab4aa2b9755e94ed.jpg

    This turnaround is going to take time but it's looking like there is a floor under the price at 40 cents.
    Could be a foolish attempt to recoup but I'm back in. From my experience in investments, that the pain of a realised loss isn't near as bad as the pain of regretfully watching a stock go back up.
    DYOR
 
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