One of the sub holders' views on MMM from their latest Fund Update.
"MMM announced that in order to manage the continuation of its growth trajectory and the
increasing volume of customers' orders, it is significantly increasing production capacity
across its major markets. While it is scheduled to take possession of its new custom-built
Sydney manufacturing centre in Q2 2021, tripling its Sydney manufacturing footprint to
14,000 m2, it also recently took possession of its third Australian manufacturing centre in
Perth, WA and launched its Dinnerly brand in the region in December 2020. Its Marley
Spoon brand is expected to follow in the first half of 2021. The Company will also increase
its manufacturing footprint in California in 2021, tripling its current US West Coast
manufacturing footprint to 12,000 m2. MMM also reaffirmed its CY20 revenue guidance,
with revenue growth expected to be in the middle of the guidance range (90% - 100%).
MMM’s CEO, Fabian Siegel, stated that “we believe we are still in the early days of
consumer behaviour switching from offline to online shopping in our category, supporting
growth at attractive unit economics in 2021 and the years beyond.” It is pleasing to see
the Company showing such confidence in both its short and long-term growth outlook,
which is certainly shared by us. We continue to believe that the market will significantly
re-rate the MMM share price as it proves that trends observed in 2020 will be sustained."
https://savillecapital.com/wp-content/uploads/2021/01/Saville-Capital_Fund-Update_December-2020.pdf
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Mkt cap ! $2.825M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 2.4¢ | $7.143K | 257.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 140000 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.8¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 140000 | 0.025 |
2 | 12190 | 0.024 |
2 | 25100 | 0.020 |
1 | 55555 | 0.018 |
2 | 36501 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 20000 | 1 |
0.040 | 17000 | 1 |
0.041 | 28500 | 1 |
0.044 | 100000 | 1 |
0.045 | 37175 | 2 |
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