When Bull starts talking about hammers it's usually a good time to buy
Yep, just took his cue and grabbed a few more. Happy to have the opportunity to average down and keep accumulating....maybe the next lot I'll get below $18
USA continues to be a strategically important market‒
Largest global milk market with significant and growing premium segment‒
Significant growth in awareness will create a platform for future product innovation‒
Initial milestone continues to be US$100 million of annualised sales
• Launched in Canada via a licensing agreement with Agrifoods in July FY21
Capital allocation frameworkAs we noted in February 2020, as part of the Board’s ongoing review of the most appropriate use of capitalfor the business, we continue to prioritise investment in growth initiatives ahead of returning capital toshareholders.As we have announced previously, due to the increasing scale of our infant nutrition business, we considerit now appropriate to assess participation in manufacturing capacity and capability to complement ourexisting supply chain relationships. Accordingly, we are presently evaluating opportunities to address thisissue, with significant progress made during the year.With our cash balance growing it has become increasingly important for the business to review our capitalrequirements going forward. A significant review of our capital allocation framework was commenced inthe second half with a view to defining the discipline and prioritisation of our financial parameters in a waythat optimises and supports our long-term plan.
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Originally Posted by allfromacell
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