Harbour Asset a lonely buyer of My Food Bag shares

My Food Bag does have good growth opportunities, such as providing meal kits to the increasing number of people living in independent villas inside retirement villages.

Dan Brunskill and Andy Fyers

Mon, 15 Mar 2021

Would-be stags were disappointed with the trading debut of My Food Bag shares but Harbour Asset Management hasn't lost faith in the company's prospects.So-called ‘stags’ buy shares in an initial public offer in the expectation they can sell them for more when the shares start trading, but My Food Bag shares haven't traded within a cooee of the $1.85 IPO price, $1.76 being the best price so far.The large and well-supported IPO appears to have satisfied a lot of demand for My Food Bag shares and left little buying pressure...

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