IN the conference call it was explained that due to the nature of the business (having $250m of cattle roaming all over the place) the working capital value couldn't be determined exactly on the settlement date.
After settlement it was found that $30m of equity was left in the business that was owed to the previous owner. RFM took out a loan of $30m & paid the prior owners directly.
In order to recoup the $30m J&F bought back some of the shares RFM owned via a share buy back for $30m.
All of this is quite normal & not in a bit illegal or suspect.
No funds were transferred from RFF to RFM, that is a Bonitas lie.
- Forums
- ASX - By Stock
- RFF
- J&F $30M payment
J&F $30M payment, page-3
Featured News
Add RFF (ASX) to my watchlist
|
|||||
Last
$2.05 |
Change
0.000(0.00%) |
Mkt cap ! $795.8M |
Open | High | Low | Value | Volume |
$2.04 | $2.05 | $2.03 | $601.4K | 294.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 7794 | $2.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.05 | 10348 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 7794 | 2.030 |
8 | 27364 | 2.020 |
14 | 84665 | 2.010 |
43 | 111825 | 2.000 |
3 | 12862 | 1.995 |
Price($) | Vol. | No. |
---|---|---|
2.050 | 10348 | 4 |
2.060 | 4152 | 2 |
2.070 | 2415 | 1 |
2.080 | 2009 | 2 |
2.090 | 9709 | 2 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
Featured News
RFF (ASX) Chart |