In the 1H24 result, on page 25, RFG indicated that the US expansion seems to be on hold while US operations transition into growth.
I believe there is scope for an RFG expansion, they have been in net store openings for the last two annual reporting periods.
This may not be the thread to post this question in, but leaving aside the current increased store growth within core brands (which has been achieved), is the main anchor to the RFGs share price the number of outstanding shares?
I noticed PDN (which has 2.8 billion shares on issue) has recently asked its shareholders to approve a 10 to 1 stock consolidation.
Is this something RFG should / need to push, in conjunction of supporting store growth (particularly with GJ), to restore share holder value?
RFG Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
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