RFG retail food group limited

Turnaround possible ?, page-7

  1. 1,070 Posts.
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    They've already increased the cost of RFG's debt facilities, demanded some amortisation ($12.5m by March 2019), and introduced new covenants (quarterly budget variance) to ensure RFG is on an extremely short leash. They've basically given RFG a hail mary shot at trading out of their predicament, but the overwhelming likelihood is that RFG won't be able to conform with the revised covenants so they'll be forced to either sell assets or launch a highly discounted equity raise to pay down the banking syndicate.

    My guess is there'll be an equity raise launched by about June or earlier. By then, RFG will have had two additional quarters of trading data which will show that a $90m FY19 EBITDA is not realistic, thus they'll be forced into raising equity.
 
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Last
$1.96
Change
-0.030(1.51%)
Mkt cap ! $123.3M
Open High Low Value Volume
$1.99 $1.99 $1.95 $66.02K 33.54K

Buyers (Bids)

No. Vol. Price($)
1 4949 $1.96
 

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Price($) Vol. No.
$2.02 750 1
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Last trade - 16.10pm 04/07/2025 (20 minute delay) ?
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