FUN (Funtastic) is a rare find amidst the ruins of the bear market.
A crackerjack little growth stock which has just announced the acquisition of JNH Australia Pty Ltd.
Funtastic, with a highly regarded Board headed by MD David Hendy, is poised to increase cash earnings per share significantly.
This toy wholesaler will expand its operations from toys, apparel, bags, nursery, accessories, publishing and gift products to include the licensing of housewares, confectionary & footware.
Revenue is expected to grow in excess of $160 million p.a.
The company has "a combined base of some of the best names in toys and children's products, coupled with strong relationships with all of Australia'a major retailers".
Keep an eye on this one - it is destined for bigger and better things.
Cheers, X
FUN Price at posting:
0.0¢ Sentiment: None Disclosure: Held