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#Bull Case
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Added 4 years ago

BFC are describing FY21 as a "step change" for the business.

1. Gearing from 49% in FY20 to 8% - 16% in FY21

2. Revenue from $103M in FY20 to $130M - $145M in FY21

3. Lactoferrin plant capacity step-change from 3T in FY20 to 12T in FY21.

4. Improving utilisation of mozzarella facilities from 46% in FY20 to ^70% in FY21.

All this information and more is contained in their August 31st results release.

What has sparked more interest is that Wilsons (WMI) have taken a substantial position on the 23rd Sep-20.

Although high risk I've followed Wilsons in as I too feel there is an opportunity at current levels.