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Ann: FY24 Results Update, page-6

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lordguanyu

117 Posts.

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13/08/24

13:52

Post #: 75185209
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Originally posted by huabamane: ↑

As others have said, overall good results. Looking forward to a year of reduced capital spend to hopefully see some of the positives flow through to NPAT. The Redfern impairment is certainly painful. $4.5m is over 10% of the value of Gage Roads, not an easy one to just put away.
The overall beer market is an ongoing concern. With the government hell bent to reduce alcohol consumption and the divergent tax rates on beer and wine, we are performing well relative to others but that doesn't really help if it's in a shrinking market.
Wonder what others think if we will see a change in the overall market around beer consumption.
The

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Yep the Redfern impairment was a bad miss... sets us up for another net loss.

I'm fine with the ongoing strategy of growing marketshare to get bought, but would be nice to start growing profits along the way to at least get a floor under the share price.

GDA Price at posting: 28.0¢ Sentiment: Hold Disclosure: Held
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Ann: FY24 Results Update, page-6

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