SOL is more than a "Senior" Lender. It is a secured lender (Annual Report 2023 p 8 Debt & Equity Raising).
Senior debt is the debt with the first charge over the assets. It doesn't get more secured than that.The problem with the view in front is there is absolutely nothing that says the unit economics of these systems have changed. The brands have always been pretty weak; the business model was to sell franchises not whatever the stores were selling.
Look at SSS from almost a decade ago and remove Gloria Jeans which was bought in late 2014 so hadn't been RFGed yet. Now compare it to today. It's the same thing. Anaemic brands that just don't resonate. Go back and read some of those presentations the emphasis is almost singularly on network sales and revenue from franchisees, which as we know now was pretty shady. So why would the unit economics suddenly change?
FY15
HY2024
- Forums
- ASX - By Stock
- The Soul Patts effect
The problem with the view in front is there is absolutely...
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RFG (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $171.8M |
Open | High | Low | Value | Volume |
7.0¢ | 7.1¢ | 6.9¢ | $572.0K | 8.172M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 689220 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.1¢ | 91078 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 689220 | 0.069 |
4 | 209955 | 0.068 |
6 | 395993 | 0.067 |
5 | 402233 | 0.066 |
7 | 172643 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.071 | 91078 | 1 |
0.072 | 315894 | 7 |
0.073 | 791978 | 6 |
0.074 | 151550 | 4 |
0.075 | 3648846 | 14 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
|
|||||
Last
7.0¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
7.0¢ | 7.0¢ | 6.9¢ | 2711142 | ||
Last updated 15.58pm 08/05/2024 ? |
Featured News
RFG (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online