Non essential business ...so in theory no access to stores .......so can’t move the chocolates on.
Printable View
Suppose reasonable excuse from Nick for their stuff up
Sometimes doesn’t pay to have ‘good faith’
http://nzx-prod-s7fsd7f98s.s3-websit...675/319647.pdf
Surprised the share price is in the $1.60's, should really be sub $1.50... paying everyone in full (no doubt restructure on the way for May, but for now it looks like a nice PR job) whilst no revenue is coming through the door, combined with their food items (eg Easter) being worthless come re-open, and to top it off, a potential half a million dollar fine from the NZX.
Highly unlikely that NZX can impose $500k fine on WHS - if it is true they use legal advice. Just needs to employ a QC at $2k an hour to take on NZX - wins every time when there's a legal opinion.
Chocolates unsold (Easter ones) will be recycled - sell or return as I understand it as is the case with Christmas chocolates.
Dividend confirmed as being cancelled.
https://www.nzx.com/announcements/350723