RFG 1.47% 6.7¢ retail food group limited

I like it that the accounts are more transparent with the...

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    I like it that the accounts are more transparent with the restatements. I guess that the $30m ish of marketing support loans have disappeared without even needing to be written off, due to the restatement of the accounts.
    Group SSS went from 1.4% in half 1 to 0.4% in half 2 roughly, and the total number of outlets appears to have shrunk from 2556 in half 1 to 2516 in half 2.

    Not really looking great to me on the underlying metrics. I imagine vertical integration is a huge distraction, and also will create the temptation to reduce quality.
 
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