MRG 0.00% 24.5¢ murray river organics group limited

Ann: Change in substantial holding - Tiga Trading Pty Ltd, page-9

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 948 Posts.
    lightbulb Created with Sketch. 303

    It will be an interesting test of management tomorrow and there ability to outgrow the debt .... it comes down to non farming business in my view, on this board we put way to much focus on the farming side of things it is less then 25% of revenue and margins are highly variable the retail side of the business should be much more stable in terms of profitability once it is properly sorted out and sufficient volumes can be pushed through the packing lines.


    The results are pretty much known so with respect to the number they should be a non event but logically they should be able to provide lots of colour/details on the outlook for business and on some of the strategic ideas/objectives they have previously outlined and who knows maybe some sort of surprise.


    Interesting to note that there is very little stacked on the offer .... only 600k shares between here and 10c ..... existing holders do not seem unduly worried at this stage.

 
watchlist Created with Sketch. Add MRG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.