Probably not worth comparing the two as so many different factors at play.
Firstly DMP warned the market a couple of months back of their issued and got sold off heavily at the time. Todays results weren't really much of a surprise and already priced in.
DMP is a heavyweight in this sector for the AU market. Its still highly profitable and pays dividends and its stock is in many portfolios due to its place in the index. It is 100% focused on its one brand and despite the post covid correction in the sector is very good at it.
On the other hand RFG is barely profitable, pays no dividend, is highly speculative and too small to be in the indexes necessary for many portfolios.
RFG has a plethors of dated brands that it under invests in and due to past actions of the company RFG is not well liked and the results indicate that many of its franchisees are still suffering.
RFGs price recently surged higher purely on speculation that this ship was going to be dislodged from the reef it crashed into some years back. These speculators got burned today as these results don't provide the necessary reassurance that this is truly in seaworthy condition nor that it has rebuilt trust in the market.
The reasons for the DMP rise was relief. The reason for the RFG drop was disappointment that it will take another full year before again hoping to see some glimmer of hope. In the meantime speculators move their cash elsewhere for the 12 month wait.
- Forums
- ASX - By Stock
- Ann: FY23 Results Presentation
Probably not worth comparing the two as so many different...
- There are more pages in this discussion • 136 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RFG (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.6¢ |
Change
0.004(5.56%) |
Mkt cap ! $186.6M |
Open | High | Low | Value | Volume |
7.3¢ | 7.6¢ | 7.2¢ | $504.3K | 6.768M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 732880 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.7¢ | 597329 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 732880 | 0.075 |
3 | 63211 | 0.074 |
4 | 219485 | 0.073 |
1 | 13750 | 0.072 |
3 | 528169 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.077 | 597329 | 7 |
0.078 | 330173 | 7 |
0.079 | 147832 | 5 |
0.080 | 758384 | 13 |
0.081 | 474000 | 2 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
7.6¢ |
  |
Change
0.004 ( 3.26 %) |
|||
Open | High | Low | Volume | ||
7.3¢ | 7.6¢ | 7.2¢ | 5920873 | ||
Last updated 16.10pm 14/06/2024 ? |
Featured News
RFG (ASX) Chart |