Is the Bubs Australia Ltd (ASX: BUB) share price a buy?
Bubs was founded in 2006 by Kristy Carr and was listed on the ASX in January 2017. Its infant formula is based on goat milk and it also sells organic baby food. Bubs recently acquired NuLac Foods, Australia’s largest producer of goat milk products, it also guarantees exclusive supply of local goat milk from Australia’s largest herd of milking goats.
Bubs Just Went Into A Trading Halt
The organic infant formula company’s shares have just gone into a trading halt.
According to the company, the trading halt was requested pending an announcement by Bubs in relation to a proposed acquisition and associated capital raising.
The company’s share price has risen by 43% over the past month, so it would seem to be a clever and opportunistic time to do this action.
Bubs only just recently launched a partnership with Beingmate in China and also announced a couple of weeks ago that it would be selling organic baby food.
These moves seem smart by Bubs and suggest there’s a small chance it may be following in the footsteps of A2 Milk Company Ltd (ASX: A2M), although it may be far too early to tell.
Bubs, along with the two growth shares mentioned in the free report below seem to be shares to keep an eye on.
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