Tail end of the seller

Good to see IOOF have now disposed of most of their shares. According to the announcement by FUN it indicated a substantial holder was required to reduce their shares. Presumably they had to reduce to below 5% and not dispose of all their shares. In any case, most of the pain has been inflicted and the share price should hopefully build up to a reasonable base from here.

Sure the EBITDA and revenue doesn't look great, but hopefully they can make headway in the USA in Q2 as the USA heads into summer. Much like a gold miner, they simply need to strike it rich with one great product and it could be a game changer. Hopefully it is a stinker in the USA this summer and everyone has a thirst for a Chillfactor slushy!