RFG 1.49% 6.6¢ retail food group limited

Over Sold, page-576

  1. 13,234 Posts.
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    ... Let us Hope it Rebound Tomorrow.
    ..
    Two main reason for relentless selling..
    ..
    1) RFG management proved to be a bunch of incompetent jokers. Two different growth figures given within a week. Both Contradicting each other. Basically One cant trust them any more.
    ..
    2) Banks don't lend money any more for new shares and LVR reduced from 60% to 40% by some and almost zero by others. Lots of people probably forced to sell (if they were holding large amount against Margin Lending)
    ..
    Lost half of its value ($1.60/Share) in 4 days alone. Worst cum worst remaining $1.60 becomes Zero.
    ...
    Last edited by sircorp: 20/12/17
 
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