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My Food Bag Group Ltd. ( (NZ:MFB) ) just unveiled an announcement.
My Food Bag has launched a strategic review after several years of stabilising its operations, deleveraging its balance sheet and restoring profitable growth, moves that it says are not yet reflected in its share price. The board has hired Cameron Partners as financial adviser to assess ownership, capital structure and strategic options, while stressing there is no certainty of a transaction and that remaining an NZX-listed company in its current form remains on the table.
Directors reiterated their commitment to maximising shareholder value and said the company will keep investors and the wider market informed in line with continuous disclosure rules. The review underscores management’s view that the market undervalues the company’s recent progress, and any potential outcome could influence its future capital structure, ownership mix and positioning in New Zealand’s listed consumer sector.
More about My Food Bag Group Ltd.
My Food Bag Group Ltd. is a New Zealand-based meal-kit provider that delivers curated recipes and ingredients to households, operating primarily as an NZX-listed company. The business focuses on convenient, at-home food solutions and has recently stabilised operations, strengthened its balance sheet and returned to profitable growth despite challenging economic conditions.
Average Trading Volume: 121,665
Current Market Cap: N$60.33M
For an in-depth examination of MFB stock, go to TipRanks’ Overview page.