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¢ |
Change
0.000(0.00%) |
Mkt cap ! $186.7M |
Open | High | Low | Value | Volume |
7.5¢ | 7.6¢ | 7.5¢ | $290.7K | 3.876M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22677 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.7¢ | 137213 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22677 | 0.075 |
3 | 263375 | 0.074 |
3 | 64074 | 0.073 |
3 | 67650 | 0.072 |
4 | 270161 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.077 | 137213 | 2 |
0.078 | 366079 | 5 |
0.079 | 339481 | 4 |
0.080 | 1162716 | 12 |
0.081 | 1309360 | 5 |
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