agree.
found some support on friday which is a good sign.
i think the question we have to ask ourselves is:
1) where do you think the share price will be in 2-3yrs? (ans = i think likely above 6.00 based on modest single digit underlying eps growth)
2) are the growth avenues still on track? (ans = yes the international, coffee and for services areas are intact)
3) is the divi under threat in a major way? (ans = no, could be a small drop but its over 10% fully franked at moment so thats already factored in)
4) is management credible and stable? (ans = yes i think, although it would be nice to know the reasons for the recent ceo departure to be sure, after a 20yr tenure)
5) is the broader industry under threat (ans = no)
i don't think rfg is going to go up much soon but I'm not going to sell mine in a fire sale at a bargain.
i made that mistake with isentia when i bought in low 2s then again at 1.90 and sold most at 1.60ish at the height of the negativity. within 3-4months its already back to 2.00.
so i think all holders should take a chill pill and sit back and wait and see what the full year report and outlook brings.
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Last
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $171.9M |
Open | High | Low | Value | Volume |
7.0¢ | 7.1¢ | 6.8¢ | $126.4K | 1.855M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37610 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 83845 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37610 | 0.068 |
4 | 129854 | 0.067 |
8 | 471518 | 0.066 |
9 | 1228314 | 0.065 |
1 | 39065 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 83845 | 1 |
0.071 | 14085 | 1 |
0.072 | 303454 | 4 |
0.073 | 639225 | 4 |
0.074 | 1577125 | 4 |
Last trade - 15.57pm 09/09/2024 (20 minute delay) ? |
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