Australia's largest stock trading and investment forum Australia's #1 stock forum

RFG

Click for more information

5.63%

7.5¢ retail food group limited

Ann: Response to ASX Aware Query, page-31

First 31 Last

Share
Profile

Follow
Achilles/

334 Posts.

4

21/12/17

14:52

Post #: 29805932
Share

Originally posted by allosir ↑

That's right there is no revision.

What we have had (and a poster called Danbradster on here did point this out when he explained it wasn't apples v apples) is a FY18 guidance of c.6% underlying NPAT growth and this announcement earlier in the week was not a revision it was a trading update for 1H18 and compared it to results for 1H17. The statutory NPAT for 1H18 is expected to be down 11M on the same period in 2017 in part because of 7 million in one off costs incurred/recognized in November. The 7m relates to the Deloitte review and the decision to undertake this was made in November as well as losses made on selling some corporate property,

They haven't revised the FY18 forecast and they do imply that 2H18 will be stronger because of

"The Commercial Division, including food processing and distribution operations, is performing in line with expectation, and has secured new customer contracts largely commencing in 2H18."

I think it' may be a stretch for them to still do the 6% underlying NPAT growth but only time will provide more clarity.

Expand

What does it tell us ? Its going to be a waiting game for another 8 months to get all figures in hence share price will hoover around the $2,40

RFG Price at posting: $2.09 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

Trump is President Again: What Does This Mean for Crypto?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

First 31 Last

Add RFG (ASX) to my watchlist

(20min delay)
Last 7.5¢		Change 0.004(5.63%)		Mkt cap ! $186.9M

Open	High	Low	Value	Volume
6.8¢	7.6¢	6.8¢	$647.9K	8.894M

Buyers (Bids)

No.	Vol.	Price($)
2	309945	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	116290	1

View Market Depth

No.	Vol.	Price($)
2	309945	0.074
1	27233	0.073
2	147000	0.072
1	50000	0.071
3	1050000	0.070

Price($)	Vol.	No.
0.075	116290	1
0.076	245385	3
0.077	324761	10
0.078	313076	4
0.079	1007765	7

Last trade - 16.10pm 12/11/2024 (20 minute delay)

RFG (ASX) Chart