IMO, the last report didn't show any cash flow issue given they had an once off $8.5M expense cost and including another further $5M in administrative cost saving and the H1 revenues didn't include for the CP and DK in UK and GJ in Germany.
Did RFG already taken the "heavy hit" during H1 as the retail industry struggle with stores close down? will this continue to a lesser extend or be bigger and how much does store closures effect their underlying revenue and will these revenue from the international stores cushion any of this blow?
I think a CR isn't needed in the short-medium term but will be required to pay some of the debt, when the pps is more attractive and they can raise it easier.
RFG Price at posting:
93.0¢ Sentiment: Buy Disclosure: Held
