NTA 4.1c per share, $6m Cash , plus:
The board and management has now completed a full strategic review of the business and have formulated a new strategic road map which it will begin to execute in FY25. It is planned to more fully utilise the unique assets and competitive advantage of the business. The business is in the process of developing key strategic partnerships and valuable brand assets which leverage its competitive advantage.
The current partnership with our Vietnam distributor Dunamex is progressing well, with a pleasing sales volume growth trajectory and consumer off-take in this attractive market opportunity.The Group is well placed to fundamentally change the trajectory of the business over the medium to long term with its change in strategic direction. We look forward to informing the market of key initiatives as soon as details are finalised and negotiations completed.
sounds all good, fair value now should be 4.1c ( net tangible asset backing) , mid term target 7.0c ( improvements implemented)
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