TFL 0.00% 1.4¢ tasfoods limited

Ann: Asset Sales to Reposition for Profitable Growth&1H23 Result, page-3

  1. 4,179 Posts.
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    I thought we might have seen a little more interest today.
    The sale of Betta and Meander sees the business back in a solid capital position with no debt.
    We should make some better margins in Q4 from Nichols as well, once the pet range kicks in as below.

    "A fantastic example of this is our new premium planet friendly pet food range under the Isle and Sky brand
    and a new partnership we have agreed with a national pet retailer to go live in the very near future. In order
    to utilise more product, reduce waste and commercialise kg’s that would otherwise go to land fill, we have
    developed a premium pet food range which we expect to see positive financial returns from Q4 this year."

    Would be good to see Scott do a webinar or similar and explain where this leaves TasFoods and what's next.
    Maybe we have to wait until February until that is worthwhile though.
 
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