I've been on the ground monitoring availabilty, ranging and...

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YummyMummyMoney

313 Posts.

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27/11/20

08:33

Post #: 49180913
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Originally posted by ValueSearch: ↑

These assertions
On 26/11 you wrote - "Considering Plant only launched three weeks ago" and "Also Plant only landed in Coles three weeks ago..."

Per KTD's announcement on Aug 4, Plant was already "selling,," (present tense) in numerous outlets and then in the Q2 4C for period till 30/9, Plant was "selling..." (present tense) in Coles (after 4/8).
If you believe that KTD is making false statements then you ought to report them to the ASX.

You also asserted
"Proprietary brands (Tonik, Super Cubes, Grans) should soon produce at least $10-15 million in sales. When sales increase to $20m, based on recent industry valuations I've seen of 3x to 10x, proprietary alone should be valued at around $60m to $200m"

What evidence do you have that KTD should soon produce $10-15m in prop. sales?
KTD's quoted prop. sales run rate is $4.4m in last 4C. Excluding Plant, Baileys and Pro, going by KTD's prior announcements the run rate ought to be in the $6.5-8m range. Prop. products are underperforming.

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I've been on the ground monitoring availabilty, ranging and sales. Also we have Google-like alerts to monitor keyword mentions online including various ecommerce websites. Further to being on the ground, I've been in and out of multiple Coles, Woolies and IGA and BWS stores, spoken to various staff at these outlets. Everything I have said in regards to product being on shelves at said times is accurate. Nothing to argue about.
I 100% believe KTD's announcements and would have nothing to report to ASX. What a strange thing to insinuate.

As to "soon" in regards to proprietary hitting $10-15 million in sales, that should be achieved within the next 12 months. That is my forecast and I still believe it will be achieved.

KTD Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

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