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
GOW Price at posting:
$2.49 Sentiment: Buy Disclosure: Not Held
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