No, by MB I was referring to Maggie Beer. Ever since the enforceable undertaking where they admitted to misleading customers, the business has NOT recovered. That usually happens when you disappoint customers in the food industry (think restaurants). Customers just don't come back. 3-4 years on, and they are losing millions per annum.
Bellamy's share price is up due to an activist shareholder who cleaned the decks. It was $4 per share when she left. Not sure who you are attributing that rally to. Unless you have a short memory, Bellamy's infant formula was piled all over the shelves in 2016 and they had no clue just how much inventory they were holding. That was under her watch. And that is just one factor.
LON Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held
