Are you serious ? RFG is probably the biggest 50x bagger opportunity on the ASX. They have 450 plus stores in major traffic locations across 8 household known brands. They were trading around $6 about 5 years ago and now $0.07. The have the brands, the systems, the locations etc in place. Over the last 12 months in the midst of a pandemic which had most of the country locked up at home and their locations closed, they grew NP by over 20% with SSS up 3.8%. Management have acknowledged the mistakes made in the past with their franchise network, they are dealing with the ACCC action and are committed to improving franchisee relations. May take some time but at current share price, this is a serious bargain with massive upside for those with patience.
RFG Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)