This shows why the SPP will raise $0. A near 10% discount by buying on market.
Granted, I think what I don't like is the plan to go out and pursue store fit out themselves hoping to then onsell to franchisees later. See their presentation. This sounds too familiar to what the previous RFG did to pursue growth. Also, pursuing growth in a slowing/recessionary environment comes with lots of risks, if they can execute well, this is cheap.
Other companies are tapping the break and the market has rewarded the share price, loke XRO today. RFG plans to put foot on the accelerator, maybe this is what the market dislikes, I think.
Ann: Letter to Shareholders Regarding Share Purchase Plan, page-5
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Last
$1.95 |
Change
-0.090(4.41%) |
Mkt cap ! $122.7M | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.04 | $1.92 | $128.4K | 65.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3997 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 22 | 1 |
View Market Depth
| Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
| RFG (ASX) Chart |