It appears RFG is delivering on their planned objectives, the new management team and board are showing signs of competency.
I also note that RFG released an investor update and within 2 weeks additional institutional investors came aboard, mainly the Comapny that runs United Petroleum. This company has over 500 service stations, and although many have a pie face store attached, it has the potential to provide opportunities for GJ, Crust and or DK to roll out more stores.
After seeing multiple retail stores issuing profit downgrades, I think it's really good news that RFG retained guideance and is likely to post its largest NPAT in years - meaning it can fund growth or create a buffer.
Just a thought, but it would he nice to see an agreement between RFG and a company like United Petroleum, similar to Premiere Investment and Myer.
I'm looking forward to the end of year report.
RFG Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
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