Great announcement, sent Glyn an email to congratulate him and the team ...it's been a rollercoaster ride for sure!
As of now we have a MC of $110m. There are a few comparative companies in the ASX that have a higher MC and no link ups with the worlds largest FMCG, let alone our other partners! As for fair value, I would say we are still well under where we should be based on todays confirmation. It's tough to put a value on a company that has announced such a huge link, but not the financial aspect. A MC of $200-$250m to me seems right according to the other companies that sit in that space.
No reason to sell today for me, but plenty of reasons to keep buying!
"The agreement package covers 7 of P&G’s major product categories" ..... love it! Great work OBJ, looking forward to the next announcement :-)
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