The short answer is - No.
Although I don’t think it is going broke just yet, & assets wise could be sold for greater than market value. Underlying this investment.
Insider buying has been significant, notable, & maybe they’ll take it back to being a private company.
Maggie Beer has been active personally this past few years & even these recent weeks + for Easter and Christmas Maggie beer products very lovely ads, promoting Maggie Beer product lines and hampers notably.
Hopefully the business is doing better / ok I think.
Excellent answer from next poster however also.
I bought a $1700 parcel total cost to me inc $104.50 brokerage and costs (as I use a broker for every purchase and sales)- back early last year I think. It had fallen a lot then ~8.1c ,
It’s not worth my selling for the minor loss atm and tho quite annoying, its always been a curiosity including why I bought it.
It is my only small share size investment in stocks standalone personally. Like a bizarre interest .
Other than numerous small parcels of around $2k + or more free carried respected bigger companies that holding in my Super account and therefore monitor this way (eg. A FMG, Aurizon, NEU parcels which I barely watch altho do follow always and am interested to buy in next year at true lows & maybe sell down some more speculative very tiny under 10c stocks hopefully with success , if they not had consolidations )
For whatever reasons I find smaller companies easier to understand and follow and reliably invest in more significantly - MBH is
not such a stock
True background story is -as result a chat investment group, we were seeking quality food protein asx stocks to invest in.
My significant Tassal , TGR had been taken over and I unfortunately had sold out of Bega. I had had a lot of companies get taken over in previous two years and lost the investment in. But comfortable with right industry food production companies and consider companies such as Tassal to have been precipitated and rare and will become scarce globally to invest in. And stupidly decided not to own GrainCorp which wasn’t really in the criteria anyway.
The group was chatting re when to buy Woolworths ( under $30 and not besides etc ) but looking at niche food companies. Founder lead also could be good . (Didn’t own Huon for instance and it not the company Tassal was , but Maggie Beer caught my attention)
In way past had foray into Beston foods (sold thankfully) and had owned others such as ? M— company taken over by Asian interests and always see their milky meal type w protein + drinks for sale at service stations when fill up my car, takeover was not at much premium back in time but I did ok
Did very well with Select harvests way in past and i understand agriculture completely. Followed Cobram mildly since its public launch and think it is the better company now, but don’t seriously greatly follow.
I get right into things though and read international crop report updates from time to time etc—as used to daily when involved directly in agriculture , have view of global producers etc /issues/ tariffs/ weather.
I loved TGR as a company and still sad it no longer australian owned tho Australian company. Even just along the way listened into Norwegian global symposium salmon production, and it became way more fascinating than almond production as had been some years ago when SHV more respected.
Also aware of how no Aust cheese makers really making money - King Is however back into Aust owned hands though. Used to have king island Cheesery cheese maker as a patient actually and brought his cheese in as sample when visited and made my day back in time. Love this sort of thing. Sustainable production etc. Also had other tas cheese makers met through years now working Qld - knew that most boutique cheeses in supermarkets or delis , now made under licences from say one cheese maker still actually in production.
I understand the importance of a refrigerated transport system that must be embedded in. Tassal ultimately had to buy their own ! Shareholders sunk considerably into the company through years, had been going since 1957 in various forms since inception Aust salmon industry , CSIRO extensively through years , Ridley partnership re algae and pet food allied from wastes etc
Anyway - I had done ok from several investments small and large in the field through years and inc Bega tho understood from listening to David Williams interviews how difficult it is, refrigeration transport again (their cheeses made under licence by NZ , Fonterra - and a bunfight ongoing , legal battles between them and also between big milk producers here and in NZ. Also was big legal stosh A2M and NZ production facility company ? Which A2milk did win. ) I had also done ok out of A2M and sold it unfortunately, got wobbled out, Then didn’t rebuy it .
I have been to Maggie beer in the Barossa , and do buy Maggie beer products. Understood completely re how expensive and globally esp Aust milk protein was- so the shuttering of Paris cheeses didn’t surprise me, and board overhaul occurred here, Maggie Beer cheeses now made under licence by French cheese company in France & flown in. With clear synergy for perhaps wider expansion of product of course. Tho no one sanely would take on France with Aust named product when they lead the world
I lucky had had dinner with French cheese maker guys when visiting my offspring at last , and they say there are over 80 different named cheeses ? Maybe more. In NW France their region alone.
Anyway I bought a few MBH shares, as had watched too and shareprice activity was curious to say the least / minimal and then bam a lot would occur.
Directors have been buying- understatement .
So I sigh every time I see it, and it has flurries up a bit , then back down. And can have no idea what is going on or will happen
I think I will one day get my money back.
I don’t recommend it to you
Unless you just curious also and buy small tiny parcel maybe.
It is not worth your time to follow it as I have - albeit with history owning these other companies and also Bega and A2M which unfortunately I sold as was unsure re corporate actions and what happening. They are strictly managed however and likely get taken over also I guess.
Owning something for the takeover unless rewards to be very great- not usually best investment reason and it’s so unpredictable with food protein industries or product companies.
I was disappointed with GrainCorp spin out of Malt division- the guys in charge, and it also got taken over cheaply after few issues globally though very important assets.
MBH not in any of these classes but has rationalised itself to a few signature products and its name + hampers provision online and to corporate customers & in prob department stores- I don’t go shopping however excepting for groceries
Wish you well in your research
Sorry long- winded answer . I do silly things like this from time to time. I also did walk & visits to boutique and best local agricultural food and beverage producers in Tasmania with Landcare Aust and founders of Byron bay farm and Aussie ambassador for Landcare , 5th gen Arnott family.
From new founding enterprises just one couple to 5th gen sheep production turned to wine / champagne, mussels & paored with local sheep cheeses. Very wonderful and hugely illuminating.
Got to have a name and generational respect and locals love ++ intelligent educated family members now + very wealthy friends and influence I think
I do not possess these attributes but admire and love people like Maggie , the women running Tas sheep dairy with French itinerant workers & brother making world winning sheep gin. Making it all work longterm as Maggie has successfully done - is much harder and more difficult again.
