RFG 1.30% 7.6¢ retail food group limited

RFG Article, page-59

  1. 6,190 Posts.
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    I've watched to many of these situations, albeit different companies, different products. When news comes out as it has, and the SP takes a 25% haircut, with no dead cat bounce even, if only a temporary small bounce, the overwhelming sentiment is negatively biased. simply from a market trading perspective. Rumours are abound, plus there seems to be a disconnect between how the company has seen itself compared to a good number franchisees that want out ( but who will buy them with this sort of news in the media), management belatedly acknowledging there is an issue in their recent announcement which they hope to address, hyenas circling ( shorters who on balance tend to get it right more often than not), presumably at some point an ASX 200/300 index re-rate if the SP does not pick up which then has the potential for a lower weighting in the portfolio of index funds, etc etc, .......... a sort of vicious cycle. I bailed today. Dont care what the company comes up with in regard damage control, damage is done, confidence depleted
 
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