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0.8¢ mighty craft limited

General Chat, page-39

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278 Posts.

38

22/05/23

16:27

Post #: 67901067
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Originally posted by Spindrift: ↑

interesting use of words “The business is in very deep shit”
not sure I agree with you. I do however believe that management has taken on too much and have too many balls in the air. Selling the non performing assets is actually a positive thing. They need to get back to focusing on the Better Beer brand.
Why they need to focus on their core business:
Better Beer is on track to achieve sales of over 50 mil for the full year. The growth on this brand has been exceptional.

The business is a potential takeover target with these sales. Removing the non performing parts should add value.
A lot will obviously depend on management but imo this is a positive move.

Not financial advice, just my opinion
Good luck to all holders

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I agree with this and whilst the SP performance has been frustrating, I do think that management are going to realise some value through concentrating the portfolio with their best performing assets. New board appointments clearly going to help drive this process too.

Better beer is flying. Whisky growth is there. As operating cash flow continues to improve on the back of their portfolio becoming more concentrated than what it was 12 months ago, upside will occur.

All IMO.

MCL Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.8¢		Change -0.001(11.1%)		Mkt cap ! $2.951M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.8¢	$5.464K	683.0K

Buyers (Bids)

No.	Vol.	Price($)
7	5411100	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	1253730	4

View Market Depth

No.	Vol.	Price($)
7	5411100	0.007
10	4302499	0.006
3	500080	0.005
2	650000	0.004
2	3315000	0.003

Price($)	Vol.	No.
0.009	1253730	4
0.010	1017713	7
0.011	351000	1
0.012	323901	2
0.013	400000	1

Last trade - 12.23pm 22/05/2024 (20 minute delay)


Last 0.8¢			Change -0.001 ( 11.1 %)
Open	High		Low	Volume
0.8¢	0.8¢		0.8¢	160080
Last updated 12.23pm 22/05/2024 ?

MCL (ASX) Chart

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