GDA 1.82% 27.0¢ good drinks australia ltd

Ann: Appendix 4D and Half Year Financial Report, page-10

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    The half year was effectively communicated in the sales update a few weeks ago, so the market knew what was coming. If anything, I'm surprised it bounced again (but glad it has). Typically after each GDA financial announcement there is a retrace so I am assuming it will drift back around to the 7.8c level in coming weeks. I would love to see it hold above 8c before the the next financial announcement though.

    Best part of the announcement was the continued reiteration of the A-Shed build financing not coming from a capital raise. If they can go 12-18 months without doing another raise, in my view you'll start to see market trust return and new investors. Until then, suspicion abounds despite the clear growth story ahead. DYOR of course.
 
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