Agree, they expand too fast given those retail climate, in 2015 the ABS produced a report that indicated nearly 60% of small business, whether they are part of a franchise or independent fall in the first 3 year and the retail climate is actually way worst now, hence RFG's MC was at $1B+.
But it now all depends on the banks to allow them to stablise, recover their brand to sell of their non-core assets and recover the pps to $200M MC, which will allow them to do a CR at more attractive price to pay the remaining debt. They've already stuck with them through the last 2 years which was were the hard cuts occurred with RFG still able to payback around $15M of principal and $15M in interest per year.....and the business is now stablising.
If all works out, I see multi bagger (max MC of $200M) but high risk here.
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Mkt cap ! $167.0M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 6.7¢ | $142.9K | 2.096M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 1615961 | 6.9¢ |
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Price($) | Vol. | No. |
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7.0¢ | 320947 | 18 |
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2 | 1615978 | 0.069 |
6 | 341127 | 0.068 |
7 | 669987 | 0.067 |
7 | 285476 | 0.066 |
7 | 143869 | 0.065 |
Price($) | Vol. | No. |
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0.070 | 320947 | 18 |
0.071 | 409918 | 9 |
0.072 | 1328930 | 11 |
0.073 | 150731 | 5 |
0.074 | 438977 | 7 |
Last trade - 13.13pm 27/05/2024 (20 minute delay) ? |
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Change
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