Milford, Harbour and Sharesies devour My Food Bag stock

Wed, 09 Jun 2021

All three investment firms that bought a significant stake in My Food Bag’s initial public offer have increased their holdings and now own a quarter of the meal-kit company.Milford Asset Management disclosed on Tuesday it had bought an additional 4 million My Food Bag shares, bringing its stake up to 7.6%.Investment Services Group also increased its stake to 7.7% buying on behalf of a range of private, retail and wholesale clients.The fund managers are taking a cue from Harbour Asset Management which has been steadily buying on the market...

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