The company themselves did the update so must be true
https://www.nzx.com/files/attachments/194193.pdf
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The company themselves did the update so must be true
https://www.nzx.com/files/attachments/194193.pdf
Mad Butcher caught telling porkies ......
http://www.stuff.co.nz/business/indu...elling-porkies
OMG .....we import more pork from Canada then any other country ....moosemeat next on spec at MB?
Jeez down to 105 before noodles bought a few off a keen seller at 108.
Amazing how the news of acquiring a pattie outfit bumped the price up over Xmas to its previous highs, But been downhill ever since and the profit warning has put a few more off
Not much trading but outlook looks bleak
Financiers owning a franchise hardly ever works - too much skimmed of the top to keep the poor tranchisees / store owners competitive
Expansion a bit slow because it is hard to find butchers who a few hundred thou to set up a butchers shop and to take on lease liabilities while mortgaging themselves to the hilt
Don't grow on trees these sort of people
And if they do get that far when they do due diligence probably look at how much is left in it for them after the franchiser takes their cut and this turns them off.
From paddock to consumer too much "fat" in the middle to make this a sustainable business model in a very competitive market. My view only.
But in the meantime VIL shareholders will get a divie, no matter the viability of the individual operators
Those who love bargains, ie see value, still buying.
Salt that is
Good on them
Salt first disclosure average 130
Today's disclosure 2nd 1% average about 120
Napier franchise for sale
http://www.trademe.co.nz/business-fa...-741082813.htm
A butcher needs a lot of dosh to take on one these