MRG 0.00% 24.5¢ murray river organics group limited

Sorry, I think you missed the last 6 months of press releases...

  1. 1,103 Posts.
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    Sorry, I think you missed the last 6 months of press releases and why the stock is down 70%.

    They lost a lot of their production last season (harvest delay as you call it) which will be not be recovered this year. A normal season will help hopefully but what they lost.... well. is lost! so the harvest was not only delayed but severely damaged (enough for them to make a loss).

    Now, if you think they have a lot of bargaining power with supermarkets or large customers, then we have different views on that. Unfortunately, these guys are not in a strong negotiating position as their main goal is to secure buyers and have visibility on volumes. It is a commodity which seems to be in good supply - at least for now.

    Before replying with anger, I highly recommend you to try to articulate your comments so the conversation is constructive for everyone in the channel.

    PS: I personally pay a premium for all things organic. But I don't let that affect my judgement and avoid asking the big questions that can make or break an investment case.
 
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