Doubled my holding in RFG at today's open of $4.35. This sucker sells franchises. Whilst it assists the franchisee to succeed... the risk is largely with franchisee if earnings don't meet expectations. Plus company is vertically integrated whereby franchises are forced to buy coffee, cakes etc from RFG.
Additional acquisitions and new share issues have to be suspended while the huge expansion over past 18months needs time to consolidate and iron out the wrinkles. The high ROE (20%) and lowish risk to franchiser makes RFG appealing. Plus the gross div of 34c (7.8%) doesn't hurt either.
Anyone else buying?
buying RFG at $4.35
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Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $171.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 405 | 7.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 8100 | 1 |
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| Last trade - 09.33am 29/04/2024 (20 minute delay) ? |
| RFG (ASX) Chart |
Day chart unavailable