Little Creatures was sold at 23x P/E for $380m.
http://www.news.com.au/finance/smal...m/news-story/7014797b06a214133044cda501f913a7
It's a long way for GRB to climb, but not impossible over a few years.
Market penetration of their brands has stepped up significantly recently on the East coast, and the forthcoming quarterly will hopefully show a substantial financial upswing on the back of that.
You need to get the product in front of the punters before you can sell it.
I think they offer a quality product, with the potential for good margins, and a big opportunity to grow their market share, so I am backing them at least long enough to see if the strategy is working or not.
Ann: H1 Progress Update - Investor Presentation, page-13
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $38.97M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 29.5¢ | $107.0K | 352.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 169419 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 40000 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| GDA (ASX) Chart |