Warren buffett 72 million shares

RNZ My Food Bag has a humble origin story. Is it the next thing to invest in? Shares in My Food Bag slumped on their first day of trading on the NZX on Friday, as the stock was hurt by general market weakness. My Food Bag has been hailed as the biggest IPO to hit the NZX in seven years, as the meal kit company’s founders and investors sold shares to new investors at $1.85 each, raising $342 million and valuing the company at just under $450m. The shares were down 8.1 per cent at $1.70 in mid-afternoon trading on Friday, with 3.4 million shares changing hands, the biggest volume on the market. They failed to reach their offer price on the first day, trading between $1.65 and $1.76. Sharemarkets have weakened since the company’s IPO price was set in a bookbuild, as optimism about the outlook for economic growth pushed up bond yields, reducing the attractiveness of equities. The benchmark S&P/NZX 50 Index fell about 7 per cent last month even though company profits … [Read more...] about My Food Bag shares slump on NZX debut, down 8.1%

My Food Bag’s well-known brand and extensive marketing is expected to help the $450 million meal kit delivery company get enough support to list on the sharemarket next week, even though some brokers and investors don’t think it stacks up. The company wants to raise as much as $342m through an initial public offering and list on the NZX and ASX on March 5. It’s enlisted the help of three broker firms, its mailing lists of current and past customers, and advertisements on TV and YouTube to help it market the sale. My Food Bag was founded in 2013 by Cecilia and James Robinson and is fronted by celebrity chef Nadia Lim and backed by former Telecom chief executive Theresa Gattung. It has benefited from demand for convenience food and healthy living and has delivered more than 85 million meals to more than 300,000 households since it started and its brand is now recognised by about 88 per cent of people. “Their marketing has been very good,” said Jeremy Sullivan, an investment adviser … [Read more...] about My Food Bag’s strong marketing will help share offer, broker says

Skip Bayless has reportedly agreed to a new deal with Fox Sports. According to The New York Post , Bayless has agreed to a four-year deal that’s worth a staggering $32 million. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) The star sports pundit currently hosts “Undisputed” on FS1 . View this post on Instagram A post shared by Skip Bayless (@skipbayless) Most interestingly, the New York Post also reported that ESPN made a push to get their former star back, but the deal never came together. He’ll now stick around at FS1 for at least a few more years. View this post on Instagram A post shared by Skip Bayless (@skipbayless) Everyone loves to hate on Skip Bayless. It’s pretty much a sport on Twitter. You know what you can’t hate on? His money. The man knows exactly what he’s doing. … [Read more...] about REPORT: Skip Bayless Agrees To A New $32 Million Deal With Fox Sports

The Hanoitimes - Vietnam rushes to prepare manpower in a goal of training 2 million people at vocational schools. The US plan to place tariffs on additional US$300 billion worth of Chinese goods has sparked the relocation of multinational companies from China to Vietnam, and such relocation plans raise the question of what Vietnam acts to accommodate influx of companies in the unpredicted trade conflicts between the world’s largest economies. Textile workers. Illustrative photo The Vietnamese government has a goal of training 2 million people in vocational schools to meet the growing demand for technical skills among multinational companies, according to CNBC. More than 90% of students trained in technical skills, such as welding or making electronics, can get hired, Professor Nguyen Quang Huy told CNBC, adding that it’s very easy to get a job, and a lot of companies need more people. The country’s middle class is growing to reach around 44 million … [Read more...] about Vietnam prepares workforce to accommodate influx of companies amid US-Sino trade war

SINGAPORE: The government will more than double its spending on the pre-school sector over the next five years to more than $3 billion. This will enhance the industry's capacity, quality of teaching and best practices while keeping costs affordable. This year's Budget sees the government taking further initiatives to strengthen opportunities for children in low and middle-income families through the education system. It is all part of efforts to promote social mobility, and level the playing field for those who come from disadvantaged backgrounds. Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam announced this in his Budget Statement on Monday. Mr Tharman said: "Meritocracy alone will not assure us of this. We therefore want to do more, starting from early in our children's lives, to give the best leg-up to those who start with a disadvantage. We cannot change the fact that children have different family backgrounds that bring very different advantages … [Read more...] about Budget 2013: Govt to spend S$3b on pre-school sector over next 5 years