This is the second purchase of shares by a RFG Director in as many days.
Directors are not in the habit in the habit of spending their own money unless they see upside in the company.
In this case it’s a $40,000 investment and a sign of confidence.
RFG has gradually being refocused on its core brands and coffee businesses. It still has a very large network of outlets and with debt under control and positive operating cashflow there is still very much a profitable business here.
Shareholders should take heart. It has been a struggle for survival and perhaps, just perhaps RFG can look beyond survival and focus on growing again.
RFG Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
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