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1.54% 6.6¢ retail food group limited

Ann: Presentation - Acquisition of Beefy's Pies & Debt Extension, page-42

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  1. bcc_100
    1,102 Posts.
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    01/12/23
    14:02
    Post #: 71220198
    The family took 20 years to get it to 9 workable locations, rfg thinks it can increase its revenue over night. I wouldn't be surprised if the family buy it back for 5 cents in the dollar in 2 years time. personally I think they are the only ones that can run it..

    I agree. It smells a lot like growth for the sake of growth. Taking a very geographically concentrated food brand built over a quarter of a century and expecting to get anything resembling the same sort of economics when you move it out of that geography is wishful thinking, imo.

    The presentation had a chart about brand awareness inside the Sunshine Coast LGA. Kind of says it all.
    Last edited by bcc_100: 01/12/23
    RFG Price at posting: 6.2¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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