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7.0¢ mosaic brands limited

News: MOZ Mosaic Brands Ltd Provides Market Update, page-55

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bobgg

341 Posts.

23

15/10/22

00:38

Post #: 64211432
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Originally posted by Stefanova: ↑

It's probably an OK stock for gamblers, but not one for investors.

Liabilities exceed assets on the balance sheet, and some of the assets (such as deferred tax) are of questionable value.

The appointment of a new bank was hailed as an achievement a year ago: that's all turned to custard, with the bank not increasing the facility limit as originally proposed and preventing interest being paid on the notes. The bank will be seeing detailed figures, so they clearly don't like what they see.

The share price today is about half that paid by Alceon to take up their position in Noni B. It was about $1.75 just before Covid hit.

The company has featured on A Current Affair for questionable behaviour and had penalties imposed by the ACCC for dodgy products.

The two senior executives responsible for this debacle were paid $3m in FY22: >10% of the market capitalisation.

IMHO, the only long term solution is to bring in new management with a clear plan and capital behind them to rebuild the business and the share price will follow.

Expand

I like the management and think they’re doing a great job.
Actually management is one of the reasons I bought into this.

Last edited by bobgg: 15/10/22

MOZ Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 7.0¢		Change 0.001(1.45%)		Mkt cap ! $12.49M

Open	High	Low	Value	Volume
6.9¢	7.0¢	6.9¢	$4.601K	66.67K

Buyers (Bids)

No.	Vol.	Price($)
4	302337	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	28120	3

View Market Depth

No.	Vol.	Price($)
4	302337	0.069
3	34925	0.067
1	10000	0.066
2	56000	0.065
1	10000	0.062

Price($)	Vol.	No.
0.070	28120	3
0.071	200000	1
0.074	8100	1
0.075	57087	2
0.076	24860	1

Last trade - 15.56pm 30/07/2024 (20 minute delay)

MOZ (ASX) Chart

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