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0.9¢ broo ltd

Ann: Market Update, page-4

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abmat

419 Posts.

23

30/04/18

18:53

Post #: 32778952
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Originally posted by Farnarkling ↑

This is an interesting read.

1.China update - as far as I can tell this is a geography lesson and provides no financial information.

2. Australian Market - this does not accord with the cash result, at all. An increase in revenue of $$138k on the prior quarter, when you have been operating a new venue for most of the period and theoretically gone national with your distribution. Also, to reduce you Product Manufacturing costs (cash-base) by 40% when you're theoretically ramping volume, is odd. The only conclusion here is the cash shortage means they're not paying suppliers to terms.

3. Broo Brewery - clearly included here for comic relief only. Saves me including any additional humour.

There's no mention, nor financial evidence of, the cost reduction activities from the half-year update at all, other than a cut to marketing.

Oh, and apparently we're going to spend another $1.6m in the quarter ahead, but wth $872k in the bank.

More to come when I have time.

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Clearly the market was disappointed. Only a 17.9% gain.

BEE Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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