There is a lack of understanding here, tap houses are returning...

There is a lack of understanding here, tap houses are returning a nice return, food is only a supplementary service to serving beer and makes the experience more enjoyable. No point in thinking that is driving the price down.
On the grand scale Good drinks are a small company driven by growth and churning profits back into capital expenditure, sales staff and sponsorship in specific areas, its a simple task to read the reports to understand this.
However, it is disappointing to see beer production growing at a increasing volume without a corresponding growth in holder value.
The gaining of distributor rights for those international beers and cider is a windfall and projected returns will be profitable but first the setup costs (warehousing, transport logistics, staff etc.) have to be met first.
Investment in any market is driven by potential profitable returns, either capital growth or dividends, we can see the growth by reading the reports, but i feel a dividend is what will kick start serious buyers into the market rather than speculation by uninformed punters.