Brand Tasmania, page-48

Thanks. I always appreciate your content.

Is the TAS ticker code tongue in cheek or wishful thinking? Would be good...

If correct (PL), I'm not super surprised. I don't have the numbers but would assume electricity, manpower and maintenance costs would dwarf raw material input costs when running a bottling line. Once in full flight, down time would be an efficiency anchor.

TFL's acquisitions seem to be strategic in that they're spread across the north of the state, and the Betta acquisition about logistics/processing capacity.

Quarterlies are necessarily retrospective. Positive H2 EBITDA would be a sign of integrity, for sure.

Sorry to keep on about another company, but I recall mentioning BAL's O2O strategy. I wonder if a TFL presence at an International HBA is in the cards? That'd require some processing and logistical capacity!