Vitaco key points;
1. Major customers - Woolies, Coles and Chemist Warehouse
2. Current sales to China is minimal (under 3%). This is where there is massive growth potential.
Chairman Richards letter to investors
"Vitaco is well positioned to capitalise on strong demand from China for the clean and green credentials.
The Directors believe the company is well positioned to benefit from the significant growth in demand for health and wellness products in Asia"
3. One of Vitaco's products Healtheries has been compared to Blackmores.
4. Since the IPO closed several weeks ago Blackmores has risen 20% and Swisse Wellness have increased asking price from $1B to $1.5B I've been advised.
Expect a strong listing for this well established company in a hot sector.
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