RFG 0.00% 7.5¢ retail food group limited

Ann: Pause in Trading, page-53

  1. 957 Posts.
    lightbulb Created with Sketch. 1843
    FYI I have been calling this POS a sell from $5+

    Sorry to call you out on your definition of growth phase. But the reported numbers don't lie. Store numbers are still in decline.

    Sure they have fixed the balance sheet at the expense of shareholders being diluted by 99.9%. And they still have limited capital for new stores. Any acquisition or significant number of new stores will require a CR. where else are they going to get the funds from?

    How do people think this will be a ten bagger and starting paying out 10cps divs if there store network is going backwards?
 
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