Well... they are suspended from the ASX so I guess that allows them to take cover from prying eyes for a bit. But that won’t last long.
If not Voluntary Administration then they’ll quickly have to shut down 80% of the network and somehow escape the leases (I think they run every site as an individual company)... only keep the Wyong stores trading plus maybe one or two more... kill the remote production kitchens and truck runs... lay off a lot of staff (probably largely a casual workforce)... and hope to hell they can weather the storm.
But their reputation as a safe investment AND as an employer is shattered into a billion pieces.
I honestly think EG or a bigger player will pick the bones clean from OLI’s carcass.
Oliver's Real Food - posts yet ANOTHER LOSS-MAKING QUARTER, page-292
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Last
0.9¢ |
Change
-0.002(18.2%) |
Mkt cap ! $3.966M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $7.232K | 792.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 185467 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 100000 | 1 |
View Market Depth
| Last trade - 14.15pm 15/11/2024 (20 minute delay) ? |
| OLI (ASX) Chart |