Australia's largest stock trading and investment forum Australia's #1 stock forum

RFG

Click for more information

3.03%

6.8¢ retail food group limited

bankruptcy, page-62

First 62 Last

Share
Profile

Follow
jaguar68

6,798 Posts.

742

24/05/19

07:43

Post #: 38721295
Share

Originally posted by Galilee13: ↑

The company just has too much debt. Current has about $260m in debt and $40m equity. Total enterprise value is $300m.

I don't think anyone doubts that the franchise and non franchise businesses have some value. Problem is do the all the businesses combined have at least $300m in value. If you think yes then the stock is approximately priced at these levels for now.

The non franchise businesses is still underperforming too, but the franchise businesses is where all the problems are. Even international franchise outlets declined by 17% last 12 mths, so it's just not a domestic issue. Dairy country seems to be only division that grew output last 12 mths.

Net debt has remained largely unchanged for last 12 mths. The businesses will probably survive in there own right. But it's the equity holders that will suffer here. Ita just basic accounting. Too much debt and not enough assets. Meaning a highly dilutive equity raising at best.

Expand

Its always a lesson when the directors start selling all there shares it is definitely a sign to get out asap they were getting out for a reason because they nee something, these people should get done for insider trading.

RFG Price at posting: 18.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

PME

Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

ASX Market Update: Index pulls back from record highs | October 16, 2024

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

KAU

Kaiser Reef reports new A1 untapped gold zone – flags move past 'remnant mining'

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 5 more messages in this thread...

First 62 Last

Add RFG (ASX) to my watchlist

(20min delay)
Last 6.8¢		Change 0.002(3.03%)		Mkt cap ! $169.4M

Open	High	Low	Value	Volume
6.5¢	6.8¢	6.5¢	$137.4K	2.069M

Buyers (Bids)

No.	Vol.	Price($)
5	729900	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	224748	1

View Market Depth

No.	Vol.	Price($)
5	729900	0.065
3	858500	0.064
6	139508	0.063
4	280235	0.062
4	178541	0.061

Price($)	Vol.	No.
0.067	224748	1
0.068	802811	4
0.069	267300	4
0.070	2374637	12
0.071	51592	3

Last trade - 12.58pm 16/10/2024 (20 minute delay)

RFG (ASX) Chart