Centennial Asset Management now have a position, positive write up in their monthly newsletter; Longtable Group (LON) is a small dairy company with its main asset based in the Adelaide Hills. The company produces bio-dynamic based dairy products, including milk, butter, cheese and yoghurt. These products are sold at a premium price. Most of the sales to date have taken place in the home state of South Australia but are expected to be sold nation-wide in the coming months with the major supermarket chains ranging the company’s products. Last month, the company expanded its operations into Victoria with the purchase of the premium milk producer St David’s. This acquisition is an important step to the company’s stated ambition of producing 100 million litres of premium milk supply in the coming years. With demand for premium dairy products growing strongly we believe LON has a great opportunity to grow its revenues and profits in the coming years.
LON Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
