Hahha... funny u
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Hahha... funny u
To be fair MFB , has ready to eat options as well , come on Percy give it a try ...
https://www.myfoodbag.co.nz/extras/my-heat-and-eat
Warehouse does stock a lot of grocery items, but pantry / cleaning / personal care. Not fresh stuff though in store they do stock milk. I would say that's a good add on for them both for personal and online shoppers. If people are buying online shipping is dirt cheap and can be worth while adding a few grocery items to the order.
I was also thinking about this when I heard about the potential offer. Unless they expand to Australia (which itself already has established players), I see MFB having a very limited market.
Though consistently earning at least $20m - $30m per annum is still profitable.
I kind of (wrongly or rightly) compare MFB to diet and workout fads. They get a lot of people subscribing initially, but over time, they start to lose interest. Would be interested on what their customer churn is like and how many new subscribers they have been getting in the past year...and what the average ongoing spend of those new subscribers are etc...
Hi Metal storm they already were in Australia and retreated ......
Why doesn't NZ work alone ?How many companies have failed going into Ausssie .... plenty of things like general groceries etc they could add into the boxes .
I think of this like Trade Me,everyone thought it was a hell of a price to start with , but after it's sale it went to IPO then it has been taken out . So was plenty in it for everyone along the way ....
You mention fads ,whatever the latest diet one is they can supply ......
With the possability of IFT going ,MET last year it's about time something decent listed that the average person understands.
Wasn't Harmoney good enough ? ;)
Or were too many better Interest rate seeking punters on here left seeking a new home when the
Corporate participants commandeered the show for their own goals excluding everyone else .. ? ;)
Agreed though -- the depth of worthwhile company NZX listings is fairly light & diminishing ..
Eliminate all the ETF's and other NZX sponsored fundies etc & the true state of things becomes obvious ..