My views exactly. In a decade RFG will be spinning off...

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Baby Doc

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24/08/24

13:06

Post #: 75355374
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Originally posted by Jack1960: ↑

The total journey of RFG reminds me vividly of my investment in Futuris Corp, over years ago. The boom, the bust, the lack of focus and then the re-alignment to its core business. (FWIW FCL is now known as Elders Ltd).

Long story short, this stock and a 30 year time horizon buying the lows and lightening in the ups, ended up being a 70x investment and certainly tranformed a humble $20k investment into well over $1. I ended up leaving that party once the SP breached $12, a few years ago now. Naturally, my circumstance now permit me to take some calculated punts, all with free carry, just for fun since the monetary outcome is a little irrelevant.

RFG have screwed up big time, but have still survived and have now cleaned up their Balance Sheet and cash flow. Backsides burnt, lessons learned - you would think.

With the institutional backers now on board who paid over 8c, I am happy to top up with decent lines below 7c - and wait to see what happens.

I too am not a big fan of the new name, but ultimately it is food in bellies that will determine whether this company sinks or swims. IMO the upside is HUGE.

GLTASH

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My views exactly. In a decade RFG will be spinning off dividends. The future is far from dark. Things can only get better from here.

Last edited by Baby Doc: 24/08/24

RFG Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.7¢		Change 0.000(0.00%)		Mkt cap ! $166.9M

Open	High	Low	Value	Volume
6.7¢	6.7¢	6.5¢	$367.4K	5.591M

Buyers (Bids)

No.	Vol.	Price($)
1	34979	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	106324	1

View Market Depth

No.	Vol.	Price($)
1	1	0.067
1	34979	0.066
3	185352	0.065
5	929016	0.064
5	125714	0.063

Price($)	Vol.	No.
0.064	13000	1
0.067	106324	1
0.068	242625	5
0.069	617565	5
0.070	711423	13

Last trade - 15.59pm 01/10/2024 (20 minute delay)

RFG (ASX) Chart

My views exactly. In a decade RFG will be spinning off...

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My views exactly. In a decade RFG will be spinning off...

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