So is poster alergictobees correct with:
"Issue they currently have is stores walking away with lease tails of 5 years plus. The tiny bank guarantee covers very little of that exposure."
I have seen two lease agreements one where the franchisee's home was the bond and another where the bond was with the bank as the poster mentioned , obviously the bond on the home is a far more onerous position to be in that a small bank guarantee .
Wonder what proportion of leases are securitised by a bank guarantee and what proportion have a house for security .
I like RFG, page-30
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Last
7.1¢ |
Change
0.003(4.41%) |
Mkt cap ! $176.9M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.1¢ | 6.8¢ | $38.73K | 555.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 280718 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.1¢ | 1039081 | 4 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| RFG (ASX) Chart |