Interesting thought and certain has been a space that is sought after.
I’m not an analyst but purely a domestic Small investor and I would say there’s certainly a push and pull by savy day traders who can play with this stock given its fairly low liquidity.
I’m taking these small dips to continue building my portfolio and I’m very excited about the growth pipeline ahead.
My key takeaways from yesterday’s announcement was the fact they’ve ordered their canning equipment which for me is a positive sign of some entry into the baby formulae market. From what I can see on company product images nothing is packed in cans which is a great sign ahead.
The current facility is hitting pressure points in terms of retarding the growth ahead but Q3 next year their capacity will increase by over 200% before taking in the new land option.
I’ve previously quoted that the additional land option (6months to decide) will increase the land holding by 70% which shows a commitment to the volume expectations ahead.
Signing off the 3 year extension shows the relationships build are getting a foothold in the Asian market and has de risked their forward position to a certain degree.
Given the 3 positive announcements since listing one would have to thing the future announcements will be positive but many of those things won’t have crystallised yet.
Of course do your own research but this is only a few of the reasons I’ve invested a small amount into Keytone.
KTD Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
