Damn October. FNP has been sold off along with just everything else. Have a read of the financial reports and you'll see why it will bounce back.
Net sales revenue for FY18 has increased to $353M from $262M, a lazy 35%. Divs up 17% and EPS up 42%.
Exactly 1 year ago the FNP share price was $4.44. It closed today at $4.93. 11% gain. Hello? Not only that:
Net sales are forecast to be at least $500M next year. Up another 42%.
Boosts to profit coming via the Ingleburn facility that was only completed 2nd half Fy18.
Further improvements also to Shepparton and Leeton facilities = better margins.
$200m cap raise for potential acquisitions and alliances = exciting announcements ahead.
The annual report contains summaries for brands like MilkLab, Australia's Own, So Natural, Messy Monkeys, Vital Strength, AO Kids Milk, Heritage Mill. It's an impressive stable of products you can see everyday yourself when you go shopping.
My 25 years of investing, or punting, on the stockmarket I can say my best winners were always companies that I used their products or services myself. Damn did I buy Fairfax? Well except for it..
FNP has produced stellar returns over the last 7 years. Like about 1000% since 2012, not including dividends! There is no reason it won't do the same next 7 years.
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14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $38.79M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 14.0¢ | $7.352K | 52.51K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 50315 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 29811 | 6 |
View Market Depth
No. | Vol. | Price($) |
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4 | 50315 | 0.140 |
2 | 71685 | 0.135 |
1 | 3000 | 0.130 |
1 | 12000 | 0.125 |
4 | 94166 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 29811 | 6 |
0.155 | 101661 | 2 |
0.160 | 169907 | 4 |
0.165 | 199998 | 3 |
0.170 | 74581 | 3 |
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