I was curious yesterday and checked the announcement about winning the tender for Pinnacle for the next three years.
450.000 cartons anticipated per annum. i guess, that they charge $2 fee commission per carton. I can't recall exactly, but I believe I read, that GRB is making about $40mio profit per year. Still, this is an important tender, although I would have thought, that it is more volume with those guys. Anyways, $100mio or thereabouts MC, $40mio profit per year, I am looking really forward to the AGM and next financial reports. (Even if I am wrong and the $40mio was turnover per year and not profit. In Business value, isn't it something like 3.5 times annual turnover = Value of Business?)...
Let that sink in slowly, big guns have a couple of weeks to catch up with those numbers......
Cheers and all have a great weekend,
Flip
(All my personal opinion)
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I was curious yesterday and checked the announcement about...
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