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7.5¢ retail food group limited

RFG is strong, cheap and high yielding, page-155

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IndexInvestor

8,422 Posts.

1386

19/12/17

17:39

Post #: 29747255
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Originally posted by CASPERBAK ↑

Speaking from my own view, my 'experience' has come about the most by the losers not winners. I think many others on Hotcopper would echo that.

Even without the Fairfax article, there'd have been a big drop for two reasons that I can think of:
1. Confirmation just 11 days prior that FY18 underlying NPAT will be up 6% then this. That's got to be a record and I would think has class action written all over it (and ASX investigation because they didn't mention any likely downgrade to earnings to them on 11/12/17 after their query)
2. That debt. Serviceability and comfort to the bankers is the cashflow/ profitability/viability of RFG. Now that the storm clouds have gathered, those bankers will quickly take back that umbrella. I know I certainly would if I was their lender.

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Good point, on 11 December RFG told the ASX that there was no price sensitive information not known to the market.

On 19 December it was suddenly different.

Bring on the class action.

RFG Price at posting: $1.98 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 7.5¢		Change -0.001(1.32%)		Mkt cap ! $186.7M

Open	High	Low	Value	Volume
7.7¢	7.7¢	7.5¢	$158.4K	2.089M

Buyers (Bids)

No.	Vol.	Price($)
4	58116	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	29956	2

View Market Depth

No.	Vol.	Price($)
4	58116	0.075
3	613375	0.074
3	176574	0.073
3	67650	0.072
3	346211	0.071

Price($)	Vol.	No.
0.076	29956	2
0.077	227379	5
0.078	206829	5
0.079	497481	5
0.080	627717	10

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