problem with all the points you make is that they are...

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huabamane

1,042 Posts.

133

09/08/22

16:55

Post #: 63015420
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Originally posted by ASXTrawler: ↑

Gage Roads is by far one of the strongest West Australian brands out today, this company is both a symbol of the West Australian ideal of work hard play hard, the beer is bloody fantastic and the venues are beyond comparison.

The deals this company holds with both Optus and now the distribution deal with MC suggests to me that this business is still massively in a growth phase. Even with the economy headed down, this business show strong signs of continued growth. There is a real strength behind this company as it continues to grow.

I'm topping up at every chance I get, both on Gage roads beer and on Good Drinks shares, this isn't advice by the way, the fact that this icon of West Australia currently trades at such a substantial discount is a bloody no brainer, but as always DYOR.

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problem with all the points you make is that they are impressions only. Impressions that I agree with, but the limited data we are getting from the updates doesn’t quite tell the same story. Yes, we have seen growth but the last two updates haven’t been great. Due to the lockdowns / restrictions in various states or knock on effects of ordering es explained in the updates? Maybe, I’m not sure. Underperformance is usually the fault of external circumstances and performance the outcome of management. This next update will be telling. We had a full quarter of gage roads open and limited restrictions around the other states.

GDA Price at posting: 80.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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