777, you have raised an interesting point. Public awareness of BF is not a strength (yet). However in Auckland where it all started I would think general awareness is not too bad.
The lack of critical mass in NZ is yet another reason why imo the franchisors moved to a listing too early.
After reading some press about the ex Red Bull guy saying they had "learnt a lot" going through the IPO process it makes me wonder. Did the sponsor broker "play the game", seeing the naivity of the franchisors in regards to raising capital as a quick ticket to earn a few hundred $K for themselves?
The thing is I am probably like a lot of people in that I don't even know where the closest shop is. Probably one of the reasons not many invested in it.
I should probably try BF before i continue knocking it...
I think there is one on Courtney Place, though i don't know exactly where...& given the time ive spent on Courtney place over the last 4 years it cant have great presence!
Pike River "PRC" gets its IPO slatted for a $200m company despite having a steady income stream for the next 20 odd years, & BF gets valued at $60m...
The thing is I am probably like a lot of people in that I don't even know where the closest shop is. Probably one of the reasons not many invested in it.
I should probably try BF before i continue knocking it...
I think there is one on Courtney Place, though i don't know exactly where...& given the time ive spent on Courtney place over the last 4 years it cant have great presence!
Pike River "PRC" gets its IPO slatted for a $200m company despite having a steady income stream for the next 20 odd years, & BF gets valued at $60m...
BF is overvalued at even 20c IMO...[:o)]
The opposite end and side of Courtenay from the pubs explains why you haven't come across it mate
Down on the Taranaki St corner
Weren't too bad for a 'gourmet' burger - but the vegies love the choice available - you into chick peas and tofu butgers?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
The thing is I am probably like a lot of people in that I don't even know where the closest shop is. Probably one of the reasons not many invested in it.
I should probably try BF before i continue knocking it...
I think there is one on Courtney Place, though i don't know exactly where...& given the time ive spent on Courtney place over the last 4 years it cant have great presence!
Pike River "PRC" gets its IPO slatted for a $200m company despite having a steady income stream for the next 20 odd years, & BF gets valued at $60m...
BF is overvalued at even 20c IMO...[:o)]
There are similarities between PRC and BF with BF - both were floated on the promise of future earnings. Heck, FTB was floated on the promise of no earnings but market presence! At this stage, BF must be cons8idered as having the edge as an actual operating company with real earnings and cashflow. PRC has no earnings and will be sucking cash until coal is PROFITABLY du up and sold.
Had a "fuel" burger for lunch today, absolutely lovely although I think their pricing scheme is a bit out of wack. Why should I pay $5 extra just for some fancy sauce and the same amount of meat?
Pity about the share price, it looks totally illiquid.
Disclaimer: Do not take my posts seriously. They are only opinions.
The investor who bought at $1 and sold 81 cents less brokerage fees must be feeling the pain today.. LOL. Must be a uni student who needed booze money, so had to liquidate his holding. I bet he was an engineering student. [:o)]
This stock shines so bright that it \"Bling Blings\"
The founders are laughing all the way to the bank having just 7% from memory of the company available to the public they might as well do a take over at .81c and privatise it, would be the shortest IPO/privatisation in nzx history i would think.
Reply With Quote
i really do feel for shareholders by the way
This stock shines so bright that it \"Bling Blings\"
Bookmarks