Bakery franchise operator Brumby's is celebrating its share price
lifting from $0.55 to $0.95 in the 12 months since it listed on
the Bendigo Stock Exchange (BSX) in December 2003.
The anniversary comes after Brumby's managing director Michael
Sherlock last week revealed the company was considering expanding
into the potentially lucrative Asian market.
"The year since we listed on the Bendigo Stock Exchange has
been tremendous for Brumby's and this month will also see us celebrating
the opening of our 300th store across Australia and New Zealand,''
Mr Sherlock said.
"We are well on our way to achieving our five-year plan to
increase the total number of stores to 450 and the possible move
into Asia is another exciting prospect ahead.
Since listing on the BSX 12 months ago, the market for Brumby's
has reflected strong buyer support and limited selling with turnover
of 850,000 shares.
In that period, Brumby's market capitalisation has risen from $6,737,066
to $11,636,749, an increase of $4.9 million.
Ian Craig, BSX's Markets Manager, said Brumby's Bakeries has been
a welcome addition to the BSX official list.
"They are a company with a strong brand and equally strong
ambitions to grow,'' Mr Craig said.
""We congratulate them on their first anniversary of
listing on our market and look forward to a continuing association