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7.2¢ maggie beer holdings ltd

A bit of tunnel vision there, there's also a lot of...

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thenipisme

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27/11/19

10:28

Post #: 41654845
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Originally posted by DalyWaters: ↑

I wouldn't blame Laura McBain. She was asked to do a job by the Board of Directors. They have to take responsibility for appointing her.

The problem remains of this company being set up for the wrong reasons. The old POP no longer had its original income stream so the Directors needed to find a way to rebuild it in order to provide ongoing Directors' Fees for themselves. They bought in to Maggie Beer with little knowledge of the food industry, expecting instant dividends. When that didn't provide instant wealth, they paid dearly for Paris Creek then used capital raising cash to bring in some experts. However, each time they capital raised, it was amazingly close to time for Directors Fees to be paid. There was always a significant "ongoing working capital" component to each capital raise. Now they have reached a point where investors expect returns and no more capital raising, the businesses have to really perform well to deliver a return as well as fund the Directors' Fees.

The next move will be even more interesting than the previous.

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A bit of tunnel vision there, there's also a lot of positives at present, looked ahead of you and not behind!

LON Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.2¢		Change 0.001(1.41%)		Mkt cap ! $25.50M

Open	High	Low	Value	Volume
7.1¢	7.2¢	7.1¢	$9.228K	129.4K

Buyers (Bids)

No.	Vol.	Price($)
1	289855	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	57942	2

View Market Depth

No.	Vol.	Price($)
1	289855	0.069
1	100000	0.066
1	5384	0.065
1	40000	0.064
1	80000	0.060

Price($)	Vol.	No.
0.072	32942	1
0.073	21182	1
0.075	83168	2
0.082	72727	1
0.086	34500	1

Last trade - 13.28pm 11/10/2024 (20 minute delay)

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