Imagine that, it got shorted by UBS twice in a couple of months, became substantial holder then dumped all the stocks, millions of them within a few days and still the share price went up. My prediction on the current sentiment is that the share price is going to keep recovering lost ground and reach up to between 5 to 5.10 over the coming months or even weeks. It is an organically growing stock that pays high dividend. Its expansion internationally will also benefit from the lowering of australian dollar. So it might even have some avenue of growth there on top of the organic growth prospect domestically albeit it would be modest. Increased NPAT, increased EPS, increased dividend, main coffee franchises doing good in a tough market but suddenly the SP down by 15 percent at some point? Nonsense. Based on what? Maybe the price should go down to around 5.00 but to 4.47 at some point? Even at 5.15-5.17 mark any shakiness would have already been priced in. Honestly if management set the bar low in the forecast then the price would have gone up because the result would have beaten "expectation". The retail sector in general have been so much on the nose lately that a CEO could fart or get tooth ache and corresponding share price would go down. Humans....
RFG Price at posting:
$4.67 Sentiment: Buy Disclosure: Held
