The revised “Good Drinks” strategy unveiled at last week’s AGM provided a much needed update following changes to the business over the last few years. The yardsticks under the 2016 “Return to Craft” strategy were increasingly inapplicable, and we welcome the refresh and rationale behind the new targets. Establishing and promoting brands is a costly business, previously underestimated, and the key for GRB will be converting these costs today into sales and earnings performance tomorrow. We maintain a BUY call on a revised target price of $0.11 (prior $0.12).
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.