MFB - My Food Bag

[Dlownz]

If Jarden were so confident I'm surprised they wouldn't take you up on it 🤔

[nztx]

Market has been told to expect a brilliant result in May, which the Chairman will not allow given his stance that the forecast is realistic and about right.

With lockdowns over, customers abatement & competition will erode earnings forecasts for F22 imo.

Why bother?

I may even look at taking a small bag full @ 80 cps .. if & when they reach that level ..

[bull....]

As the re-opening trade takes more importance the covid winning stocks are starting to suffer

Europe’s food delivery firms are seeing their share prices fall as investors start to consider life after the coronavirus pandemic.
“The prospect of dining and drinking out is giving a boost to businesses like Wagamama owner the Restaurant Group and pub chain Wetherspoons,” said Hewson. “By contrast lockdown winners like Ocado to Hello Fresh are seeing shares tumble.”

https://www.cnbc.com/2021/04/06/ocad...heres-why.html

[ratkin]

As the re-opening trade takes more importance the covid winning stocks are starting to suffer

Europe’s food delivery firms are seeing their share prices fall as investors start to consider life after the coronavirus pandemic.
“The prospect of dining and drinking out is giving a boost to businesses like Wagamama owner the Restaurant Group and pub chain Wetherspoons,” said Hewson. “By contrast lockdown winners like Ocado to Hello Fresh are seeing shares tumble.”

https://www.cnbc.com/2021/04/06/ocad...heres-why.html

There going to be a year long party once everything opens up. Most around the world sick of being couped up, and will be out and about at every opportunity.

[nztx]

sounds rather ominous news for 'MyDoggyBag not really' ..
could put a few question marks over increased volumes..
as for screwing down suppliers .. yeah nah .. I'd say the market determines
incoming ingredients prices.. Out of this ration sizes may get screwed downwards
instead and the custy bag prices ratcheted up instead to balance the job
and produce some bottomline cream out of the bag..

Didn't a certain online market place try these sort of tactics .. and coincidentally
is there a present on MFB Boardroom seating occupied by a past influence hailing
from an online marketplace .. Well there is - isn't there

[winner69]

Forbar have put an OUTPERFORM on MFB ...20% plus returns from here over next year

They said -

We are attracted to its strong cash generation, demographic trends towards convenience and online product offerings, future growth opportunities available through leveraging its brand equity into adjacent markets, and trading at a -24 per cent discount to the market we view current valuation as attractive,” the company’s analysts said in a report.

“While the product premise appears similar to an online grocer, we believe meal kit providers are a lifestyle product and offer a value proposition to the customer beyond convenience and price, with room to further disrupt the traditional grocery and foodservice markets.”


https://www.stuff.co.nz/business/300...r-analysts-say

[Balance]

Warren Buffett says ‘Suckers’

Buffett on IPOs

Warren Buffett, chairman and chief executive of US investment giant Berkshire Hathaway, is not a big fan of IPOs.

"An IPO situation more closely approximates a negotiated deal," he once told a Berkshire annual meeting.

"I mean, the seller decides when to come to market in most cases. And they don't pick a time necessarily that's good for you."

He also once told CNBC: "In 54 years, I don't think Berkshire has bought a new issue."

However it appears Berkshire broke its own self-imposed rule last year when it invested US$735m in cloud data platform Snowflake.

On debut, the stock rocketed to US$245, having been priced in the IPO at US$120.
Snowflake now trades at about US$238 per share, down from last December's peak of US$390.

[Balance]

$1.85 IPO price and the Valuation updates from the lead managers & brokers have valuations of $1.85 to $1.93!

Why bother with the IPO?

Craigs Investment Partners, which this week initiated coverage of the company, rated My Food Bag as "overweight", with a 12-month target price of $1.93.

Forsyth Barr has given the stock an "outperform" rating of $1.85 - in line with its IPO price.

Jarden, which acted as joint lead manager for the issue alongside Forsyth Barr and Craigs, rated the company as a "buy" with a $1.90 target price.

Craigs said it saw a "good runway for earnings growth" in 2021 and 2022, supported by procurement savings.

[Getty]

My word, they couldnt bag it off, after they flogged it off.

[bottomfeeder]

$1.85 IPO price and the Valuation updates from the lead managers & brokers have valuations of $1.85 to $1.93!

Why bother with the IPO?

Craigs Investment Partners, which this week initiated coverage of the company, rated My Food Bag as "overweight", with a 12-month target price of $1.93.

Forsyth Barr has given the stock an "outperform" rating of $1.85 - in line with its IPO price.

Jarden, which acted as joint lead manager for the issue alongside Forsyth Barr and Craigs, rated the company as a "buy" with a $1.90 target price.

Craigs said it saw a "good runway for earnings growth" in 2021 and 2022, supported by procurement savings.

Pump it up now, so they can sell out without losing their shirts. Very suspect. Worse than rigging an overpriced IPO.