I wouldn't read into the top 20 with any influence where the top 3 shareholders make up 50% of the shares that are in escrow and the bottom 17 shareholders individually are all under 3%.
This is a positive small cap company that I feel privileged to be able to invest a small amount of funds into and allow the company to build on the relationships to date.
From a manufacturing point of view their sites in nz are increasingly well positioned near airport and main port access.
Most nz dairy companies seem to be robust and I like how they're non contractual with 5 suppliers who will be able to supply raw ingredients
.To the up and down rampers all the best with trading the gaps but I'm going long as fundamentals get proven.
We all watched A2 milk that was a 20c stock for years and Fonterra laughted at their claims now it's an 11 billion business making massive annual gains in revenue and profit.
KTD Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
