Hi Horse I like AHF although sold today. Quick two day trade,...

Hi Horse
I like AHF although sold today. Quick two day trade, nice profit. I think there may well be more in it though and wish you the best.

JAT has a MC of $126m for 526m SOI. So must point out that it is disingenuous to quote JAT as MC over $200m "100% equivalent"... Yes it holds 51% of Golden Koala ,but in addition has its own 100% owned own brand of milk formula Cobbity Country. Furthermore, it also has a revenue generating Daigou business so by your logic we should halve the MC to account for that when comparing it to milk formula peers then ....

Anyway WHA BUB and JAT are not comparable peers to AHF.
AHF is a dairy business with no milk formula products. Merely "announced plans to convert its six high-quality Victorian dairy farms to organic production and to invest in associated operational changes as part of a plan to produce organic infant formula for Australian and overseas markets."
Sounds a way off still... The others meanwhile already have milk formula and are selling into China as we speak.