Does anyone have a Shaw and Partners account, they have resumed coverage of RFG.I can't seem to post the reports but happy to provide a high level overview.
Possible dividend in FY24, but most likely FY26
No net debt (except for leases) by end of FY25.
Double the number of Beeys stores by end of FY25, with the aim of rolling out more wholesale products to GJ.
Possible replacement of all/most of Michelle stores with a GJ.
Keep growing DK store count but also move into the wholesale market (Shaw released a report on DK about possible opportunities similar to Maccas in the US). In terms of the wholesale market there was no specific mention of a strategic partner.
Develop new e commerce platforms to sell products
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