RFG 0.00% 7.5¢ retail food group limited

oakes takeover reaction? , page-2

  1. 1,710 Posts.
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    I sold all my Oaks shares today and used the proceeds to acquire RFG after I saw it had fallen by 10%.

    Minor International, who has also made a takeover offer for Oaks, is a listed Thai company that owns the IP for a number of franchised food outlets- including the Coffee Club in Australia- as well as operates Service Apartments.
    So, its been done successfully.


    The Fact is RFG is paying 5x EBITDA, which is cheap and the acquisition will deliver eps accretion of 15% to 25%

    Collin Archer, who is a Director of both Oaks and RFG, probably engineered this deal. So, RFG have management who understand how Oaks work, which minimises the risk.
 
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7.5¢ 7.6¢ 7.5¢ $290.7K 3.876M

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1 22677 7.5¢
 

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7.7¢ 137213 2
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