Likely a fall out between Perich family and management, wanting to take company in different directions. This is a sound company with a huge industry tailwind behind it as the world transitions into a health conscious and plant based consumer. Bought in yesterday for the first time after doing the DD and then topped up this morning...mistimed it by 1 day to get the perfect entry price. This hasn't changed the long term thesis of the company, and the stellar growth. More than happy to pay 18x 12m forward PE for a company likely to grow at 15%+.
GLTAH, just a small blip in the road to create legitimately once in a lifetime long term buying opportunities. CEO/CFO can be replaced, and there's no shortage of exceptional talent out there looking to make moves to growing companies.
Ann: FNP Management Announcement, page-21
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Last
13.0¢ |
Change
-0.020(13.3%) |
Mkt cap ! $36.02M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 12.0¢ | $60.52K | 479.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18000 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 20000 | 1 |
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| Last trade - 15.31pm 30/08/2024 (20 minute delay) ? |
| NOU (ASX) Chart |