LRK 0.00% $1.00 lark distilling co. ltd

Must be a couple, $3.9m of sales… poor sales result anyway it’s...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 600 Posts.
    lightbulb Created with Sketch. 269
    Must be a couple, $3.9m of sales… poor sales result anyway it’s looked at. And some business right sizing by new CEO was always going to happen in his first result. Preservation of cash is key here to avoid a CR and dilution. Delay in pontville new distillery is a given now, but, shouldn’t be a core focus anyway. Focus needs to be on cracking export markets as they have the inventory. Need to give new CEO 18 months to leverages his experience and contacts… macro environment is also a big headwind…. That will pass in time. I will look to add once the strategic review is completed and if I have confidence that any CR risk has passed. For now, I hold and let the dust settle.
 
watchlist Created with Sketch. Add LRK (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.