GDA 1.79% 27.5¢ good drinks australia ltd

Ann: Appendix 4E and Annual Report FY21, page-8

  1. 101 Posts.
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    Um, hello share price? <pokes with stick>

    I'm surprised the stock is being ignored by the market given the consistently strong results this past year. I absolutely get it that the capital raisings spooked a lot of would-be holders (LT holders here were VERY cross), and they would want to wait to see if the company held firm on its promise of no more raisings.

    But it's been a year and they have kept their word, while churning out strong growth. Booze continues to grow strongly despite the pandemic, and with a large part of the revenues coming from WA - which has largely avoided lockdowns, and has policy settings in place that will likely keep it out of lockdowns for a while - you would think the outlook is good. They reaffirmed the venue strategy will be paid from the loan facility and cash flow.

    So yeah, I'm surprised. I thought this set of results would be the trigger for investor trust and getting back to 10c. Maybe the CR scars run deeper than I thought.
 
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