OLI 0.00% 1.2¢ oliver's real food limited

Ann: Resignation of Joint Company Secretary, page-20

  1. 465 Posts.
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    Hahahahaha. They have had a lot more than just two company secretaries . In the past, the resignation of key people has, in practically every instance, preceded bad news or a very poor result - so perhaps you can understand that this raises a red flag.

    How can they not make money? Well, they didn't know how to make any money when they had 27 stores running at full-tilt and as many as three production kitchens running at 100% capacity. So your question of "How can they not make money" is best directed to the current Board Chairman.

    But, the EG deal is not a backwards step and the company has done something positive here. The margins are most likely very slim, but here's hoping they reach a critical mass. Just not sure that only 150 service stations will qualify as critical mass (I'd suspect they'd need no less than 500 outlets). But at least it will help with brand recognition which can only be a positive thing and you are correct in saying it will supplement any Oliver's Real Food store sales.

    Good luck to you, Bro. Don't take it too personally.
 
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