MFB - My Food Bag

[silverblizzard888]

Well done Silver. Great call.

Maybe just maybe the active customers have stabilized? If so fair multiple 6-8? So trading at 5x its undervalued

Thanks Rawz, so far customer numbers remain stable with efforts by the company to expand their offerings and increase active customers.

Brand expansion:
MADE: There will be an emphasis on ready-made foods
Bargain Box: With this the most popular offering now, it makes sense to expand the recipe choices to keep and entice new customers.
Fresh Start: Break and lunch offerings will be introduced

[percy]

Thanks Rawz, so far customer numbers remain stable with efforts by the company to expand their offerings and increase active customers.

Brand expansion:
MADE: There will be an emphasis on ready-made foods
Bargain Box: With this the most popular offering now, it makes sense to expand the recipe choices to keep and entice new customers.
Fresh Start: Break and lunch offerings will be introduced

Great foresight.

[ralph]

Thanks Rawz, so far customer numbers remain stable with efforts by the company to expand their offerings and increase active customers.

Brand expansion:
MADE: There will be an emphasis on ready-made foods
Bargain Box: With this the most popular offering now, it makes sense to expand the recipe choices to keep and entice new customers.
Fresh Start: Break and lunch offerings will be introduced

Yes great call S B ,glad they are fetching debt down and making a profit in a recession great for a kiwi company happy days with brand expansion as well.
I just hope they do not get bought out now !

[Lego_Man]

To stabilise customer base in these economic times is no mean feat. Winter running a tight ship obviously.

The hard work on efficiency gains/cost savings is done now, it's all about growing the customer base - if they can hang in there for the next 9 months (we are in the eye of the economic storm) i can't see why the stock can't get back to 30c on a 2 year view.

[kiora]

At market cap $30 m? it could be a good fit for WHS?

BT THEN IT MIGHTBUGGER MFB ?

[sb9]

Solid performance and echo my appreciation like most others here abt the outstanding work of SB888, top effort.

[troyvdh]

How many off you are customers.

[RRR]

I am a customer (my food bag) for >6 months now - I pay $152 per week for 4 of us, 4 dinners/week..there is some leftover for lunch next day for one of us...very satisfied

Disc - hold plenty

[tim23]

I am a customer (my food bag) for >6 months now - I pay $152 per week for 4 of us, 4 dinners/week..there is some leftover for lunch next day for one of us...very satisfied

Disc - hold plenty

Gee that’s still $38 per meal seems extravagant to me?

[RRR]

$38 for 4 people...round it to $10 per person..not too cheap but not too expensive either..healthy as well and lots of choices/varieties..
Try it once