RFF 0.00% $2.05 rural funds group

J&F $30M payment, page-3

  1. 20,864 Posts.
    lightbulb Created with Sketch. 1222
    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.
    Last edited by Tarvold: 09/08/19
 
watchlist Created with Sketch. Add RFF (ASX) to my watchlist
(20min delay)
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
Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
RFF (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.