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5.33%

7.9¢ retail food group limited

The franchisees have no obligation to rfg creditor With fresh...

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Yoda2503

883 Posts.

113

02/03/18

19:16

Post #: 31491649
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Originally posted by Cheapy ↑

What happens in the case of voluntary administration to their franchises? Are they let loose, or do they owe something to creditors?

I guess what I'm getting at is, are the franchisees motivated more or less by the prospect of RFG voluntary administration for RFG?

If the answer is yes, then perhaps there is a chance that they'll increase their EBITDA to the 90mil required by the covenant. Some franchisees might try to sell up, but I think their hopes are pretty slim at the moment. The way I see it, if franchisees and RFG are both bound in a shared destiny to increase profits, then perhaps we'll see them hit the covenant targets.

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The franchisees have no obligation to rfg creditor

With fresh new covenants signed last night or this morning va is unlikely or at least unlikely until the next review in 3 months in my humble opinion.

RFG Price at posting: $2.04 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.9¢		Change 0.004(5.33%)		Mkt cap ! $196.8M

Open	High	Low	Value	Volume
7.5¢	7.9¢	7.4¢	$609.5K	7.912M

Buyers (Bids)

No.	Vol.	Price($)
1	51879	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.9¢	814333	6

View Market Depth

No.	Vol.	Price($)
1	51879	0.078
1	87000	0.077
2	600000	0.076
2	203250	0.075
6	833507	0.074

Price($)	Vol.	No.
0.079	814333	6
0.080	1088906	16
0.081	585260	4
0.082	478560	5
0.084	1000000	1

Last trade - 16.10pm 13/11/2024 (20 minute delay)

RFG (ASX) Chart