On the back of this excellent news, its shares rose six cents from Thursday’s close of 79 cents to 85 cents at the end of Friday trading.
However, anyone who bought shares in My Food Bag’s public float on the Australian and New Zealand share markets in March 2021 might not have hurried to break out the champagne to celebrate their good fortune just yet.
It’s a melancholy fact that the shares are still 54 per cent below their listing price of $1.85 in the company’s Initial Public Offering.
Meanwhile, the shares of DGL Group — the chemicals company headed by the notorious Simon Henry — rose 14 cents on Friday from $3.36 to $3.50.
Despite the fallout from the severe and relentless beating he has taken in the media over the past fortnight for his “Eurasian fluff” comments about My Food Bag’s ambassador and co-founder Nadia Lim, he and his board have delivered a 240 per cent rise for investors who bought shares in DGL Group’s public float last May.
