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clock Created with Sketch. 21/03/23
13:44
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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!
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Yep defensive sector, diversified recurring revenue from strong customers, good balance sheet, industry tailwinds and low valuation. I've added more recently.
