Those are two great last posts to read together! $1.26 may seem cheap, once traded over $7, now 7c. This is a tough game.
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Those are two great last posts to read together! $1.26 may seem cheap, once traded over $7, now 7c. This is a tough game.
Had a look at this company quite recently as a friend thinks it's going to have a run sooner or later.
Here's the latest accounts recasted; interims to 31 December, 2021:
https://recastinvestor.substack.com/...d-group-rfgasx
And the annual accounts to 2 July, 2021:
https://recastinvestor.substack.com/...ail-food-group
This stock is looking very weak at the moment. Yesterday it traded between 3.9 and 4.1 cents, half of where it was for most of this year.
The only recent issues seem to be the debt extension (a positive) and the ongoing ACCC problem which is dragging on interminably.
Any other information out there on this stock?
Earnings guidance was released today through the ASX. Things looking ok compared to forecasts. The stock bounced on the news. Currently 4.5 Australian cents.
Latest look at this company:
https://recastinvestor.substack.com/...d-group-rfgasx
Rfg has had a decision on its litigation issues and will pay a significant fine. With these issues behind it the stock has started to move.
Disclosure: Not invested
Stock has been moving up strongly, now at 9.3 cents AU.