If as is reasonable to expect, that the financial results for the 2024FY will result in a rerate of the stock, I think it is likely that the RFG board will decide to consolidate the shares either 1 for 10 but more likely, 1 for 20. This could be done as part of the AGM. On this basis, the stock will come to the attention of Fund Managers who previously would not look at the company. Also, the day traders and other 'scalpers' will find it difficult to trade short term. Onwards and upwards.
RFG Price at posting:
7.2¢ Sentiment: None Disclosure: Held
