Words to make me feel nervous "Strategic Review"

Looks like Halo are looking for a buyer after employing Modus Partners to undertake a strategic review of the company.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02663447-6A1149116?access_token=83ff96335c2d45a094df02a206a39ff4

Hold in SM and a small holding IRL

Halo Foods Awarded Third Coles Contract

Highlights

• Halo has been awarded its third material Coles private label contract

• The forecast sales value is $2.9 million per annum and is across six additional product lines

• The term of the arrangement has not been specified and Halo anticipates the term will be longer than 12 months as is the case with the first two contracts, implying a gross sales value multiples higher than the annual value

• A further three product lines are expected to be added in October 2023 and are in addition to the forecast sale value of $2.9 million per annum

• The first two Coles contracts awarded to Halo in 2021 remain ongoing and are produced on a monthly basis at Halo’s Australian facilities • Product is forecast to be in Coles stores from May 2023

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02622691-28G1U67B7I940EGRO8T320VIH9/pdf?access_token=0007ePg5DxCjMyp3agxR9dYttQx6

Held in SM