RE: A strong performance in H1 FY23 (says June)17 Feb 2023 12:14
I agree, the lack of transparent reporting on Tasty Trade’s performance is very telling. But it’s not just Tasty Trade, it’s the general quality of all disclosures that seem to have gone backwards since the departure of Peter Heatherington and Kieran McKinney. The business appears to have lost its way under the new management and this is now reflected in the now significantly reduced multiple the business now commands.
Shareholders have received no benefit from the surge in new and and active customers the pandemic delivered. The share price has stagnated and the dividend has remained unchanged in five years. In the meantime, the management have been handsomely rewarded, staff remuneration has explored higher and shareholder funds gifted out to charities so the management can feel smug. Shareholders have been completely neglected and taken for mugs.
Best to wait for June Felix’s departure.