Your point about poor management may be valid but I don't think the business model is any different to more successful franchise businesses like dominos. Sadly the whole industry has a wage problem which results in poor returns to the franchises.
RFG was cherry picked by a presumably vindictive newsperson when the same model is rampant in practically the while franchising industry.
I feel it will take some time probably a year before RFG will come back up provided the management stays sane. The business is still worthy and not different to 2 years back when it was trading at all time highs
my prediction, page-60
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Last
7.6¢ |
Change
-0.001(1.30%) |
Mkt cap ! $189.1M | |||
| Open | High | Low | Value | Volume |
| 7.8¢ | 7.8¢ | 7.6¢ | $40.38K | 527.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 295953 | 7.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.7¢ | 379123 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RFG (ASX) Chart |