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  1. #651
    Legend Balance's Avatar
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    Quote Originally Posted by winner69 View Post
    Harmoney not going too well either is it
    Why do investors bother with these type of IPOs?

    When they could have bought quality proven stock underpriced in the market? Beats me but I guess that’s why there is a NZX?

  2. #652
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    Quote Originally Posted by Balance View Post
    Why do investors bother with these type of IPOs?
    I have no problem with the business but the IPO price was high. They just need to be given a few quarters of growth to justify that valuation.

    This forum isn't always right, we've been almost unanimously and relentlessly negative on GEO since listing in 2015. It's a listing even the ASX wouldn't touch. Most of the time we've been right but actually it's bounced back slightly.

  3. #653
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    https://www.nzherald.co.nz/nz/govern...YAYNNC5CUZHW4/

    Paywalled

    Government spent $300k on MFB for beneficiaries & food bank.

    Could be a whole new business for MFB given how generous this government is with taxpayers’ funds.

  4. #654
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    Quote Originally Posted by Balance View Post
    https://www.nzherald.co.nz/nz/govern...YAYNNC5CUZHW4/

    Paywalled

    Government spent $300k on MFB for beneficiaries & food bank.

    Could be a whole new business for MFB given how generous this government is with taxpayers’ funds.
    This story is absolute clickbait. The spending was a year ago.....probably a trial to help people should we have severe lockdowns with the virus going rampant.
    These days they just blow a million a day on motels to put up gang members etc .....

  5. #655
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    Better result than anticipated. Maybe all the doom sayers were wrong.....

  6. #656
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Dlownz View Post
    Better result than anticipated. Maybe all the doom sayers were wrong.....
    But that stupid loudmouth of a CEO said that was going to be the case

    The plan was to get excited about beating IPO forecast and saying F22 was going to be a good un

    But he stuffed that plan up

    Doubt whether this announcement will do much to the share price
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #657
    Legend Balance's Avatar
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    Quote Originally Posted by winner69 View Post
    But that stupid loudmouth of a CEO said that was going to be the case

    The plan was to get excited about beating IPO forecast and saying F22 was going to be a good un

    But he stuffed that plan up

    Doubt whether this announcement will do much to the share price
    Dlownz must be the only poster on this forum who does not know that?

  8. #658
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    Hmm I'm not so sure. It's showing growth. Yes it was over valued and I still laugh about shareclaritys valuation which they quickly removed because of someone's purchsse of them

  9. #659
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    Quote Originally Posted by Dlownz View Post
    Hmm I'm not so sure. It's showing growth. Yes it was over valued and I still laugh about shareclaritys valuation which they quickly removed because of someone's purchsse of them
    Eh - have you gone to shareclarity website and check out their valuation of MFB?

    Mistake #1 - it has not been removed.

    Mistake #2 - nobody has purchased it yet

    Seriously, suggest you do your homework before investing and/or posting!
    Last edited by Balance; 21-05-2021 at 09:22 AM.

  10. #660
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    Quote Originally Posted by Balance View Post
    Eh - have you gone to shareclarity website and check out their valuation of MFB?

    Mistake #1 - it has not been removed.

    Mistake #2 - nobody has purchased it yet

    Seriously, suggest you do your homework before investing and/or posting!
    Shareclarity had a valuation of $1.32 before it was pulled because of jardens purchase of a share in share clarity. I don't use share clarity so I can only go by the article I read.
    2. I don't own shares in mfb due to thinking it was over valued on ipo.
    3.so I did do my research.
    4 it's Friday. No need to be grumpy. Lol

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