Originally Posted by
iceman
Have had a first skim read of the report. It is great to finally see the 2 freeze dryers commissioned, doubling the freezing capacity, which should see a significant revenue and EBIDTA increase in FY23. It is also a positive that they have sold the first factory at Rolleston to invest further in plant & equipment of the 2nd factory.
But of great concern with this business like so many businesses in NZ at the moment is how the growth is being held back by lack of reliable staff, both in own operation and also for our suppliers simply being able to supply our raw materials.
They talk about a partners new boat being delayed until 2024 causing further supply issues. I'd be interested in more detail on this so if someone can please ask at the AGM (I'm overseas and won't be able to attend) I'd very much appreciate it.
We are still heading in the right direction, albeit at a slow pace. From what can be seen from this report though, I'm relatively satisfied and content for this to remain a large part of my long term portfolio. But it will require an enormous amount of patience.
I would like to see comments from the CEO in the Annual Reports in the future.