We expect a step-change in earnings in FY23 as venues and agency contributions add to the core brewing operations. New earnings streams will partly be applied to an increase in sales & marketing efforts, which we expect to lead to increased brand penetration on the much larger east coast market. We maintain a $1.20 valuation and BUY call.
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.