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HPP health and plant protein group limited

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Ann: Appendix 4C - quarterly, page-3

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Artvandelay01

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03/08/20

08:42

Post #: 46254782
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Originally posted by Artvandelay01: ↑

Not a bad quarterly given the trading conditions. Turnaround continues despite the COVID-19 headwinds, with a return to cashflow positivity.

Looks like there may be other buyers in the mix for the ginger business as well. That is a near term catalyst that could give the share price a nice little kick along, with the business divesting a sub scale non core asset and using the sale proceeds to pay down debt and move into plan based food potentially. Seems the market missed that little tidbit. If BUG does move into plant based food as foreshadowed, it could be in for a significant re-rate - as has happened with WOA recently. I expect we will hear more on that shortly.

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BUG Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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