MBH 7.69% 6.0¢ maggie beer holdings ltd

LON RETRACE, page-12

  1. 5,568 Posts.
    lightbulb Created with Sketch. 309
    Yes, the share purchase offer $2m, @.03 ends on 5th February . It will put another 66 million shares into the hands of both substantial shareholders and retailers. It is going to have a dampening effect on current price, but low .03s should do it, I reckon. Paris b products look to be positioning nicely. The announcement also suggests that new funds may also get deployed into other companies. Hard to say what's going on with Maggie Beer products, profits down somewhat, still uncertain what control LON have over the brand. Lon need to bed down the placement and start making up ground on its detractors.
 
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