Cooks Global Foods (CGF) has reported a net loss excluding impairment charges of NZ$1.556m for H116, a 31.7% increase year-on-year. The company is very much in the investment phase of scaling up its operations offshore and has set in place the parameters to fund its growth plan for the next few years. Our DCF-valuation of NZ$0.245 per share post-transaction is based on the company successfully rolling out 710 stores by FY21.
