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Ann: Half Yearly Report and Accounts, page-16

  1. 1,853 Posts.
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    I don't know why they would want to exit Boundary Bend as they have

    - launched Wellgrove olive leaf extract
    - launched Stone & Grove olive leaf tea
    - kept expanding the olive plantation plantings and processing plants, including a 500ha planting next to their Boort plantation, which they are managing for a fee
    - have other products, probably hydroxityrol & others, which as food additives worth huge sums per tonne, being announced soon
    - increased the wholesale price of their brands by 15% p.a. for the last 2 years
    - kept expanding in the US

    In the Australian, Rob McGavin alluded these business lines could be more profitable than the olive oil business itself.

    I think they would make a mistake selling in the next 10 years given the huge market Boundary Bend has available. Maybe the Gowing's have picked a few duds, but they have picked a few big winners too
 
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