I am new the company and don't live in NZ so trying to develop my understanding.
Typically I view these companies as Covid beneficiaries whereby they were flogged in an IPO to retailers (AU text-book example) before the inevitable drop-off.
But actually MFB was profitable in FY17 and grew revenue and profitability in subsequent years.
What has happened here?
NZ floods haven't helped presumably but how much is that impact?
Thanks for the write-up.
I am new the company and don't live in NZ so trying to develop my understanding.
Typically I view these companies as Covid beneficiaries whereby they were flogged in an IPO to retailers (AU text-book example) before the inevitable drop-off.
But actually MFB was profitable in FY17 and grew revenue and profitability in subsequent years.
What has happened here?
NZ floods haven't helped presumably but how much is that impact?
Is it competition?
Or are people changing their habits?