But SOL Did advance the funds for the Beefy purchase so they had a look over the deal in advance as you would expect.
They lent them $5m at 12% for a business that will generate $2.5m in EBITDA. I would take that deal too.
As GiddyYup says they have a disastrous history of buying things and breaking them. There is absolutely nothing I've seen that indicates they have changed. As I've said a thousand times on here, the RFG playbook was to buy a fairly generic business in a popular category (donuts, pizza, coffee) and then rinse a bunch of hapless franchisees by selling them dreams. Once fleecing franchisees was taken off the table, all they were left with was a bunch of generic, low value franchise systems. A meat pie shop business, that is completely unknown outside of SE Qld, and a virtual rib joint definitely seem like the more things change the more they stay the same.
But SOL Did advance the funds for the Beefy purchase so they had...
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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 |
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| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 7.0¢ | 7.0¢ | 6.9¢ | 2711142 | ||
| Last updated 15.58pm 08/05/2024 ? | |||||
| RFG (ASX) Chart |