RFG 1.32% 7.5¢ retail food group limited

I just don't understand why this is a surprise. Practically all...

  1. 2,619 Posts.
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    I just don't understand why this is a surprise.

    Practically all the short term catalysts are negative.

    - the new banking extension is on poorer terms than previous with a 100 million being guarantored for only 13 months...
    - Dividend is going to get slashed, possibly to zero. Yes stocks do bounce with this announcement as it suggests some fiduciary responsibility
    - Next financial reports if we can even believe the auditors will have to show massive impairments in intangible assets
    - Growth has been slashed
    - Net profit is slashed
    - Management decisions questionable at best, incompetent at worst
    - Class Action risk is real and mounting

    In the end we all love a bargain and the 1.60 range was felt to be cheap / personally my assessment has fair value somewhere between 1 - 1.50 so I haven't bought.

    I don't want to be seen as a downramper; but trying to warn of the very real headwinds coming and management will have to face the music.
 
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
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