Takeaways from Eureka report
1. Still significant opportunity ahead of Lark, not selling into international markets yet. Overseas expansion still a year away so domestic has to drive growth in financial year 2022. As volumes mature will expand internationally with a targeted focus on handful of specific markets.
2. CEO aims to double revenues again in financial year 2022 even before international growth.
3. Given recent prices being achieved inventories value higher than stated, so still some hidden value here despite share price performance.
4. Leads to a takeover in 2 or 3 years, ideally multiple global spirits companies in the mix driving value up. CEO mentioned spirits takeover multiples at 20x sales.
Easy $4 SP, longer term much higher IMO.
Takeaways from Eureka report 1. Still significant opportunity...
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Last
96.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $72.71M | |||
| Open | High | Low | Value | Volume |
| 96.0¢ | 98.0¢ | 96.0¢ | $32.37K | 33.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4829 | 96.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.0¢ | 3990 | 1 |
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
97.0¢ |
Change
0.000 ( 1.04 %) |
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| Open | High | Low | Volume | ||
| 98.0¢ | 98.0¢ | 96.5¢ | 9301 | ||
| Last updated 14.02pm 07/05/2024 ? | |||||
| LRK (ASX) Chart |