RFG 1.47% 6.7¢ retail food group limited

Ann: Completion of Placement-RFG.AX, page-2

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  1. 1,091 Posts.
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    Although the market may not initially like the large placement of 5.2 million additional shares, I see it as a positive given RFG's excellent history of capital investment for good shareholder returns. I much prefer a profitable company which is able to invest for growth than a profitable company which struggles to find any investment for growth and therefore gives out all its profits in dividends. Some possible areas for new investment:

    * Setting up additional coffee roasting and distribution facilities in Asia and USA;
    * Expanding the marketing of the commercial coffee pod machines.

    There are undoubtedly many more such investment opportunities they have in mind when raising the additional $35.6M.
 
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Last
6.7¢
Change
-0.001(1.47%)
Mkt cap ! $166.9M
Open High Low Value Volume
6.8¢ 6.9¢ 6.6¢ $205.0K 3.033M

Buyers (Bids)

No. Vol. Price($)
1 200000 6.7¢
 

Sellers (Offers)

Price($) Vol. No.
6.8¢ 8437 1
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Last trade - 15.37pm 04/11/2024 (20 minute delay) ?
RFG (ASX) Chart
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