Maurice Blackburn SH Class action update, page-73

AlCp, are you serious, suggesting that RFG announcements were not misleading?

RFG can argue all they like about underlying and statutory profits and their announcements were misinterpreted, but when you keep re-iterating that profit growth of 6% will be met (and frankly I don't care whether it is statutory or underlying profit), and the reality was the business was not tracking well at the time of making those announcements, I would argue that these comments were made to mislead investors (and they probably realised that their announcements were ambiguous). I myself refrained from selling solely due to the profit growth forecasts continually being pushed by management.

As soon as they made the initial profit downgrade announcement, I sold out at $2.25. It just proved that management were full of it and couldn't be trusted.

In any case, the share price will most likely be under $1 in next few weeks and will continue to fall (imo).