Wednesday, April 11, 2018

My Food Bag - The IPO

Cecilia Robinson is her name and My Food Bag is her game.

Launching in 2013 and taking her husband on, Teresa Gattung, Nadia Lim as ambassadors and investors MFB claims to have thousands of customers throughout New Zealand and delivering approx $140 m in revenue with no mention anywhere of any profit being delivered.

MFB had a go at the Aussie market but withdrew last year because it found its competition too tough - my emphasis.

Now lets get down to the nitty gritty. This story/press release out yesterday in stuff fails to mention that they have already tried OZ and retreated.

"My Food Bag would continue to focus on its New Zealand customers, and there were no plans to branch into Australia or any other overseas markets, Robinson said".

That really has Teresa Gattung fingers all over it. 

In her previous life as CEO of Telecom such pearls of wisdom were regularly up on the NZX as press releases.

With Nadia shes cool but she apparently sold a share of the business to Waterman Capital for approx $6m.

So at the moment ownership is unclear but you can bet that all 3 of the main holders have remained so to some extent.

Not much is known about the founder Cecilia Robinson except to say that everything looks sweet and lovely. In case your wondering i am suspicious because there is a lot of positive stuff written about her on the net/Newspapers and magazines.

Not a lot of negative.

Still that maybe cause I have a natural skepticism when it comes to me putting down money on something like this.

With that in mind I will leave it to the IPO managers at Waterman Capital to come out before the IPO with facts and figures

So far sadly lacking from anything out so far about My Food Bag.

I am not participating in the IPO.

c Share Investor 2018

Thursday, March 1, 2018

Sky City Casino: Time to buy; Again

Well as I write this Sky City Entertainment Group Ltd [SKC.NZX] is trading down 14c at $3.76.

I'm not aware of any news that goes against the company except the one thing and that past a few weeks back in SKC VS FBU. That could benefit the company or go against them.

I can only surmise that it is debt that the market is worried about and that would be an issue EXCEPT the company has long term debt that isn't due until well into the next decade.

Get in fast.

It on sale.

AND there is a 10c dividend fully imputed that has record date of 2 March.

Sky City Entertainment Group @ Share Investor

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Sky City gets the 2nd deal
Sky City Expansion: Adelaide Spreads on the Riverbank
Sky City to pay for National Convention Centre
Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
SKC Convention Centre power-point slide illustrations & SKC submission to Auckland City Council
Sky City Gaming: Morningstars look at Sky City's gaming
Share Investor's Total Returns: Sky City Entertainment Group Ltd
Sky City Entertainment Group Ltd: Presentation to Macquarie Group
Morningstar Revalues Sky City Entertainment Group
Guest Post - Michele Hewitson Interview: Nigel Morrison
Failed Sky City bid for Christchurch Casino good news for Shareholders
Sky City Entertainment Group Ltd: Christchurch Casino bid falls short of Investment Criteria
Sky City Entertainment Group Ltd: Never mind the width feel the volume
Sky City Annual Meeting & 2011 - 2012 Profit Forecast
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Sky City set to lose National Convention Centre bid
Sky City Entertainment Group: Australian Acquisition on the Cards?
Sky City Entertainment Group Ltd: 2010 Full Year Profit Analysis
Sky City Entertainment Group 2010 Full Year Profit Preview
Chart of the Week: Sky City Entertainment Group Ltd
Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
Share Investor Q & A: Sky City CEO, Nigel Morrison
Sky City Entertainment: CEO Nigel Morrison discusses 2010 HY
Sky City Convention Centre Expansion a Money Loser: Part Two
Sky City Convention Centre Expansion a Money loser

Discuss SKC @ Share Investor Forum

Share Investor 2018

Thursday, February 22, 2018

Share Investor Buys ATM - A2 Milk Ltd

Well Ive finally done it.

I bought 2000 ATM @ $12.85.

It is purely (perhaps) a temporary thing. I have not decided yet ;)

The shares are rocketing up again and I could stand by no longer.

It makes an interesting in demand product with independent scientific studies done to back it up.

It is making an increasing profit and that looks set to continue.

It is however overvalued but you cant argue with what is going on in the market since ATM announced their profit yesterday, plus there's the added bonus of all that lovely volume of shares - its big - for this country.

Let the momentum continue.

ATM @ Shareinvestor

ATM Milk Corporation
Share Investor; Guest Post: Study suggests link between A1 Beta-Casein and Type one diabetes 

Share Investor 2018

Sophia Goes Karting: Part 2