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18.0¢ the original juice co. ltd

Ann: FOD beverage & functional juice business growing at 25.9%, page-25

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Invested12

212 Posts.

37

19/04/21

14:06

Post #: 52566437
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Originally posted by scherobi: ↑

That drift down to take out 3.4c briefly was smallish orders, that I think are possibly T+2 "speculator traders" on Comsec trying to jag a quick profit but they had to sell before coming up with the cash to settle ??

Anyway, I then note nearly 2m qty of buys came into the market on the 3.4c buy line suggesting there's another wave of people seeing this as opportunistic buying.

I myself topped up with almost 2m shares last week so yeah I'm holding in anticipation of the Quarterly Activities too. I am particularly interested in the debt reduction as from the FY21H1 accounts there was $700k for 6 months in finance costs, so if debt is paid down / off that would have to equate to $1m of expense coming out of the P&L let alone the extra sales being generated too.

IMO there's only 9 days to get set

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$700k for 6months of financing cost seems very high for a company of this size and debt level. DO you think they is all interests payments on debt? If we can clear that it will definitely help with profitability. I think we can get to $750k- $1mill net profit I will be very happy

FOD Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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