Been to winner winner ... very popular little place and they make great food ... hopefully Burger Fuel can help turn it into a success :)
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A couple of bigger trades in early January, and flattening out a bit and may pass the 30MA trend that has been a down trend. I wonder if with the big buys and flattening off we might see a rise again? ASB has a PE of 50 now . Wasn't it 500 as one point ? !
Interesting announcement from BFW today. BFW have sold the Master Licence Agreement for the US, along with the Indianapolis store to company founder Chris Mason. Mason will resign from the board.
Still not sure about the likelihood of success in the US but this is an interesting development. Unsure what it will mean in the longer term. BFW do seem to have lost their way a little. Maybe this will help.
No mention of how much money (if any) changed hands though.
https://www.nzx.com/announcements/315465
Not performing on all ends, Christ is probably frustrated by the conservative approach and in order to really get things back on track for both the company and the brand it was probably a good way to restructure.
looks like burger fuel are taking to the road,we just sold them some truss to support a sign for their mobile truck.They could be on a winner here.
disc not holding
When a company runs itself like a hobbyist than a serious financial power house.
You would think 55 stores gives you good leverage to make profits. Whats the point doing so much work and not getting a financial return? Someone needs to knock some sense into these guys.
With their numbers they should be making 3-4 million profit a year at least!
Enough with these growth motives to be honest, they need to steady the ship, reward shareholders for being with them in this journey.
I'm afraid they get so caught up in running the business and happily being paid a salary they forgot the real money is building a profitable company.
The food truck is a more or less business as usual for them, they like to go all out on promoting the brand.
Annual report should be due sometime soon, lets see what it brings.
https://www.nzx.com/announcements/330640
Looks like another stock is going to be leaving the NZX soon.