Australia's largest stock trading and investment forum Australia's #1 stock forum

MOZ

Click for more information

0.00%

3.6¢ mosaic brands limited

I like the management and think they’re doing a great job....

First 55 Last

Share
Profile

Follow
bobgg

341 Posts.

23

15/10/22

00:38

Post #: 64211432
Share

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
Upvote

0 Great analysis

Reply

Top Stories

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

CBA breaks trading record on strong day for Aussie financials

As Nvidia cools, we're looking to Aussie AI

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

There are more pages in this discussion • 16 more messages in this thread...

First 55 Last

Add MOZ (ASX) to my watchlist