MCL 0.00% 0.5¢ mighty craft limited

Actually not a bad investment strategy, you’re really just...

  1. 192 Posts.
    lightbulb Created with Sketch. 17
    Actually not a bad investment strategy, you’re really just betting on the power of good branding - works for Apple right?

    I was doing a comparison to similar players on the ASX and there’s some nice parallels with LRK.

    LRK
    MC $383M
    SOI 72m
    Revenue $16.5m
    Profit + $3.4m

    MCL
    MC $99m
    SOI 297m
    Rev 29.3m
    Profit -15.1m

    As we get close to a profit we’ll see the MC get up there. We’ve obviously made some acquisitions and then there’s the whiskey acceleration strategy which I’m fine with. Long play here, 2-3 year hold. Something I like about booze stocks is that no matter what inflations doing or how many ghost apartments get built in China there’s always going to be punters wanting to get pissed.

 
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