Retail Food Group (RFG)

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Just completed a basic analysis of this company. Might be of interest if anyone is following the stock. Just click on the image below:

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Ngā mihi nui ki a koe, that's an excellent summary of their current state of affairs.  I made a small punt when they were in the fours... have not been sufficiently confident to go again.

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Tipped by The Bull today as a Buy -
 RFG is a food and beverage company. Brands include Donut King, Crust Gourmet Pizza and Michel's Patisserie. RFG recently reached an agreement to settle legal proceedings instigated by the Australian Competition & Consumer Commission in relation to franchisees. RFG will compensate franchisees and waive debts. RFG will pay about $10 million. The company's shares have risen since the settlement to trade at 8.8 cents on January 12. It may make more gains, but keep an eye on the news flow.

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A look at the interim accounts to 30.12.22.

Needless to say EBITDA is highlighted by the company but their profits are actually falling.

Interims HY23

Current price 6.7 cents (AUD)

[Hectorplains]

A look at the interim accounts to 30.12.22.

Needless to say EBITDA is highlighted by the company but their profits are actually falling.

Interims HY23

Current price 6.7 cents (AUD)

A few non accounts derived / positive RFG thoughts:

* Peter George has form in successful company turn arounds.
* Whispers of a Wendy's takeover linger.  Which maybe little more than a lotto ticket but one that came good previously for the likes of Tim Horton, Green Mountain and Costa Coffee. 
* CR is to "pursue core business and inorganic growth opportunities."  The keyword here being "growth." 
* A venerable player in WHSP on board as debt and share holder (8%.) This is a considerable vote of confidence from the Aussie institution.
* Successful $24.9 million share placement to sophisticated and
institutional investors at an offer price of $0.08 per share, paying over market price.