There has been alot of ASIC noise lately which has hogged thread headings so it may be useful to get back to YOW's forward fundamentals:
The most recent update said:
"Meanwhile, I am pleased to advise that there is continuing progress on the operational front.Distribution continues to increase, with significant recent large wins at Kroger and most importantly the 15,000 Dollar General locations.The Yowie Bites product has now successfully launched with our largest retail customer. In September we are launching an all-natural single serve gummy product.Our cash burn rate has slowed markedly to less than half of the previous year. In the year just started, we will return to growth and we anticipate trading cash positively in the second half of the financial year.We ended the 2019 Financial Year with just over US$16 million in cash and are forecasting using only a small part of this for working capital."
The company's best defence against a takeover is that it returns promptly to profit and, IMO, that is what the CEO and his team are doing now.
All YOW needs is a quarter of positive cashflow and the takeover bid will be dead in the water because the SP will top 10c.
What do others think about Sept & Dec Qtrs financial results and beyond?
The USA is an enormous market for a minnow like YOW and a new single/innovative product could do the job, IMO.
There has been alot of ASIC noise lately which has hogged thread...
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