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.
Little Creatures was sold at 23x P/E for $380m....
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Last
26.5¢ |
Change
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Mkt cap ! $35.01M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11539 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 3396 | 1 |
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