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Last edited 4 years ago
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#Business Model/Strategy
stale
Added 4 years ago

I got this one wrong...timing wise. MOZ is presently a victim of a temporary scourge and also a structural change. The current lack of retail spend over Xmas and the effects of the fires are temporary, the gazzumping by online sales is not. I thought that the recent acquisition of an online realtor by MOZ might be the start of a big fight back and the gradual move to an Omni sales steam capable of replacing bricks and mortar sales with online sales. Plus I had faith in management to deliver on their synergies plan. Their recent market downgrade following close on the heels of their AGM update in late Nov leaves me doubting their ability. Have to downgrade my valuation accordingly to $2.25

#Getting Serious in Online Spac
stale
Last edited 4 years ago

the recent gift purchase and very generous terms of NZ based online biz  Ezibuy + a spate of recent job adverts for deep dive data analysts suggest that NBL are serious about this medium. Plus with their 1,000+ stores they are ideal candidates for the very convenient ‘click & collect’ concept where delivery costs are minimised.

ezibuy will also give NBL a dream run at bolstering their underweight NZ presence.

leaving aside the potential macro headwinds, NBL are developing some strong internal tailwinds and the company has reaffirmed the $75m FY20 EBITDA. There is SP growth here plus a great grossed up dividend. Worth considering for yield hungry SMSF’s