My view is that having an outcome from the ACCC will be a positive result regardless of the $ figure that occurs for medium/long term investors. Investors hate obscurity around forward earnings. This along with negative sentiment relating to historical actions by management and board has caused the down turn. The past isn't and accurate predictor of the future. The company is now effectively governed and are focused on re-structuring/turning around the business. If the business can focus on divestment, restructuring debt, reducing costs, achieve network growth and get a quantifiable ACCC the share price will re-rate.
Plenty of downside protection from entering at the current share price
RFG Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
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