Looks like they worked out how to grow the ecommerce businesses they bought but they can't work out how to make them profitable. Siting the distribution centre in Tweed Heads doesn't seem to make much sense, locating it on the fringes of Sydney or Melbourne would be more logical. Maybe they can buy some of the divestments needed to make the Petstock/Woollies deal work and build some more scale.
MPA Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
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