Alert: My Food Bag (MFB.NZX)
Where's the bottom?
Source: Direct Broking
My Food Bag's share price is currently NZ $0.97. It has been as low as $0.91. The issue price at the IPO was $1.85. Based on the IPO price the current losses are around $213 mn before brokerage. Not that everyone paid the IPO price of course as pre-existing shareholders retained some shares.
The latest guidance by the company which was issued on 21 January, 2021 was positive.
It will be very interesting to discover why the company's share price has dropped so far when there have not been obvious reasons for the fall.