I think certainly post consolidation price (75 cents) is a near reality this year subject to Covid virus escalation. When consolidation of shares was done all three companies were generating profits and were mostly localized in business operations as per their strength.
Then on apart from rapid changes and winning awards on products quality, primarily dynamism as a priority took over after changes in leadership team with products quickly introduced nationwide in supermarkets, fast tracked new products, opened online sales and working on exports to US.
Added to this is the last business update that positive trading EBITDA and cash flow monthly run rate by the end of H2 FY20 is likely outcome and the intended group name change to Maggie Beer Holdings which highlights Maggie Beer popularity locally and internationally.
These are cheerful news for markets to uptick the share price.
LON Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
