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21/03/23
08:29
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Originally posted by Graphene8911:
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Thanks for the response and great to hear. I noticed the list of companies they contract manufacture for including Nestle, Blackmores, Mars etc and that they as well as the new companies are contracted for 3-5 years. (page 12 "HY23 - Results Presentation"). They are trading at around a multiple of 6x 2022 EBITDA so a reasonable price AND it pays dividends?? Farout leaves me wondering what the catch is! I found out today what the only catch is though. Daily volume is quite low so offloading shares (if one would want to) pay be tricky if needing a quick exit. Otherwise, looks solid.
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Agreed. Hoping the next bolt on will be with a CR to retail. If you want to move a large parcel Morgans or Shaws can hook you up as they both have broker reports.