Interesting comment Thumper, I am also going to be looking at this company. Considering, the Australian meal kit market is currently dominated by two large German public companies, HelloFresh and Marley Spoon - it should be commendable that this new company has (apparently or as stated) an "Active Subscriber" base to ~1,650, with the business currently generating ~$105k revenue per week - in WA. Clearly they want to expand in Vic & NSW...which will allow them to grow even more...Lets just see if they hit/or get near their objectives...when...who knows:
- expanding its service and product offering to become a broader e-commerce platform;
- expansion into other Australian states; and
- assessing acquisition opportunities which are value accretive for the Company and its Shareholders
- Forums
- ASX - By Stock
- Ann: Financial Statements 30 June 2020
Interesting comment Thumper, I am also going to be looking at...
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