Share price was 60c when revenue was $4M.
Then Daly Potatoes were acquired which added $2M or 50% additional revenue which suggests a share price of 90c.
I think the recent buying is knowing there will be another acquisition soon. What revenue will that company bring? If another $1M or even $2M then $1.10 / $1.20 looks achievable.
They take advantage of economies of scale with every new business they buy into.
If after their acquisitions they can show $4M - $5M revenue in the HY report, they will be trying their hardest to make FY21 $10M+.
Having product in 850 Woolies stores will certainly achieve that goal.
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| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 24888 | 1 |
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