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BRUMBY'S 1ST YEAR OF LISTING SEES PRICE ALMOST DOUBLE

Press Release
: : 7 December, 2004

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 with them."

 
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About

Brumby's Bakeries
Brumby’s is a specialty bread retailer and one of Australia’s leading franchise networks. There are currently more than 280 franchises throughout Australia and New Zealand, employing more than 3,500.

For more info about Brumby's and how to become a franchisee, visit www.brumbys.com.au


Contact:
Michael Sherlock
Brumby's Managing Director
Ph. 0061 7 3368 3466
Mb. 0061 412 747 111

 


 
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