True but you are assuming the same earning profile for rfg, which is a HUGE assumption. I outlined why this year is their peak earning post lockdown. Going forward, expect a material decline in earnings. Which is why no banks want to lend to them and hence the the recent CR. P go down in anticipation of E going down. The market agrees.
RFG Price at posting:
5.8¢ Sentiment: None Disclosure: Held
