FOD - The Food Revolution Group

[Traderwannabe]

I've been watching this share for quite some time and have finally bought in at 14.5c. They are a food and beverage processing company, selling their products in Australia and exporting into China. Has anyone else been watching this one?
Interested to hear your thoughts?

[Lewylewylewy]

I think you paid too much

[silu]

Just had a quick look at the website and jeez that Board of Directors doesn't really look like a health food company. On a serious note though. I'm never quite sure what the point of difference of these companies are. They always strike me of something that is build up with a takeover in mind as large competitors don't like having to share limited fridge space. What made you buy into this coy?

[Traderwannabe]

Yes, in hindsight I have paid too much, would have been nice to have bought in at 13c, but hopefully in the not too distant future anything under 15c will have been a good buy. I liked the product range and the fact that they have good Chinese connections for exporting their products. They had a good announcement yesterday:

FOD SHIPS FIRST ORDERS OF FRUIT FARM ORANGE JUICE TO CHINA
EXPECTS FURTHER ORDERS WILL BE FORTHCOMING

I also like the price range, shares just over the 10c mark have good percentage gains (when they go up!)
But, yes, time will tell if this company can deliver.

[macduffy]

This is not, strictly, relevant to FOD's circumstances, but perhaps it cautions against relying too much on "good Chinese connections".

https://www.abc.net.au/news/2019-02-15/asx-delists-six-chinese-companies-in-2018/10786062?section=business