Online retail is a mixed market; there are a multitude of Niches in the mix.
At the moment in OZ there is some pressure on retail. But with that pressure comes opportunity for companies such as Grays and Ebay.
For MNZ, they are operating at the cheap end of town with current businesses; so margins tight, but customer satisfaction pricewise.
Key will always be customer satisfaction, retention and remarketing. They have the customer base, so have the opportunity for convestions if they take the right path.
An annual turnover of more than $440 million is around 1/5th of DJS. Skimmed over it, but from what i saw the presentation lacked a proforma balance sheet and proforma p & l. I think the opinion of investors in the market will depend on seeing these.
MNZ Price at posting:
$1.48 Sentiment: None Disclosure: Not Held
