At first blush. the RFG update was unremarkable.
Difficult conditions, competitive pressures etc remain though the announcement in optimistic that Stage 3 tax cuts that flow to their market demographic, will be a tailwind.
Importantly, Beefys is just performing to expectations. Nothing more. $1m - $1.2m EBITDA is fair, but not great.
It is way too early yet to know whether RFG can leverage the product & model into its expanded outlet base, but that is their goal (or shoud I say their hope?). The first RFG Beefys outlet (of 10 total) will roll out in June, 2025. Will be interesting to see how that goes.
I can't see a huge market response to this, one way or another. But these days, nothing surprises me.
Having accumulated in the 6c range (on no news) I have not been expecting a quick re-rate, nor does this update promise one. This is a long, slow burn for true believers. I happen to be one of them, but I am still deeply in the red, though highly leveraged to every cent of SP rise or fall.
GLTASH
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Last
6.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $171.7M |
Open | High | Low | Value | Volume |
6.9¢ | 7.0¢ | 6.7¢ | $87.61K | 1.274M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 327850 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 356 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 327850 | 0.068 |
4 | 422447 | 0.067 |
5 | 505992 | 0.066 |
4 | 856424 | 0.065 |
2 | 47065 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 56080 | 3 |
0.071 | 61175 | 4 |
0.072 | 57780 | 3 |
0.073 | 413700 | 3 |
0.074 | 1601425 | 4 |
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