Almost 400m in debt is it possible for RFG to turn around ?
One only needs to look at today's top ASX200 mover, Lynas 6.5% ( 2nd biggest mover the day before 4%).. In the year 2000 they nearly went belly up, took a loan of 400m (200m JARE from Japanese, 200m bonds from MtK insto manager) and rebuilt their business around rare earths.
AFR today has frontpage lynas story
Not gonna lie, I'm making a killing with Lynas right now …
BUT I'm looking at RFG and reading its financials they've done their job of taking a big hit in one go.. Looking quarter to quarter, will they be profitable and by how much ?? assuming auditors did their job then they're still a big profitable company...
Question is will the share price respond if they show big profits next quarter?
hmmm …
Turnaround possible ?
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Last
7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $171.9M | |||
| Open | High | Low | Value | Volume |
| 7.1¢ | 7.2¢ | 7.0¢ | $442.5K | 6.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 337952 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.2¢ | 113000 | 4 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
7.1¢ |
Change
-0.001 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| 7.2¢ | 7.2¢ | 7.1¢ | 1197007 | ||
| Last updated 15.51pm 21/05/2024 ? | |||||
| RFG (ASX) Chart |