MVM is loss making and will continue to do so at increasing amount, and is acting as nothing but a financial leech (I think by design) as I have expected.
The US business is loss making and is all but dead as I have expected.
The CBEC channel is collapsing as I have expected.
The MBS growth has stalled, and the strategy has proven to be a failure as I have expected.
No future strategy outlined to counter fundamental issues such as competition and declining birth rates as I have expected.
This company is dying and I don’t believe that Nestle or anyone else other than a Chinese investment firm would be interested in it. If left alone, it will die on its own and then would be then be able to be bought for nothing.
Ann: Results Presentation FY21, page-91
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