An awesome result.
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An awesome result.
WOW, That's interesting 500,000 @.20 worth $100 k traded on opening this morning , word must be getting out that PAZ is truly a turnaround story now.
Well done all holders, where to from here as Im reading that there is much more to come as product line and the new facilities come on line , is there opportunities into China available with the increase in manufacturing ?
1,270,000 shares traded so far today and heading for ATH !!!
In the annual report,the outlook statement features two brands,Airoa and The 5th Quarter,both designed for the Asian markets,including China.
Also in 1st August announcement;"the equipment for the facility will arrive over the next two months and will enable us to produce a complete range of finished products - soft gel oils through to hard shell capsules."
Remember "traceability" and "provence".The Chinese like to buy the same NZ product that is avaliable to NZders, in NZ.Therefore we will see PAZ products Airoa and The 5th Quarter, avaliable retail here in NZ.This is why Katherine Reardon has been appointed to head sales and marketing for consumer brands.
Approx 1.2 mil shares traded today in big lines, would be very interesting to know where they are coming from and where they are going to !
.Quote:
Managing Director Craig McIntosh described the result as being exceptionally pleasing
Very true and I think its a game changer so I have recently accumulated a very modest stake. Next year we will get the full years annualization of sales from the very recently released Airoa product range as well as a the 5th quarter range to be released later this year. Forecast forward PE for YE 31/12/2019 at 20 cents is just 15.7. When one reflects on that and the rate of growth, some of the overt optimism previously expressed on here appears to be well founded.
Forgive me if this is covered elsewhere: Is 20,000 shares the initial purchase minimum?