Forum Topics RFG RFG Perspective

Pinned straw:

Last edited a month ago

05-Feb-2025:

f94bf57c020dc993266a6b61c2d1e8301b3ec7.png Positive?

What about: 942136b5dcb747582fa1c432cb7a6eb9eef52a.png ?

Both of those samples of uptrends are from RFG's share price chart over the past 3 years.

However they've been shorter term uptrends in a longer term downtrend:

4d0d7af85710891275379f5b009ed2b62429cf.png

7f6dce8029188952375a5f06d2ef317d4b041b.png

408aab5554072f42b762a8ffd4e7508b6feb4c.png

That (above) is their 3 year chart - here (below) is their 5 year chart, followed by their 10 year chart below that:

077e7763427162d1caaa7bdf57e8213399cd58.png

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Note that Retail Food Group Ltd (RFG) completed a 1-for-40 share consolidation on December 19, 2024. The consolidation was approved at RFG's Annual General Meeting on November 28th last year (2024).  The prices in that 10 year chart have been adjusted for that share consolidation, which is why they show the share price being over $250/share in 2015 and 2017.

Pre-consolidation, $250 would have been $6.25 because if you held 1000 shares then and kept them, never selling any, you would only hold 25 shares now due to that share consolidation.

Point being, your shares would have lost more than 99% of their value over that time.

And the three brokers who cover RFG are STILL claiming they're a strong buy!

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Of course there are heaps more brokers who have stopped covering them because they don't consider them to be investable now.

So many times people have commented that they thought the selling was over and RFG had turned a corner and were now on the up.

Nah... not happening. Short term, perhaps. Longer term, no way! No matter how much you've lost, you can always lose more. Until you lose 100%.

Have your money in your best ideas, and if RFG is one of your best ideas, you should have gone to Specsavers.

Bear77
Added a month ago

P.S. Alex Waislitz OAM and the other good people at Thorney/TIGA (Thorney Investment Group Australia) have ridden RFG down into the ground, as Alex tends to do with many of his "investments". He may be concerned about a possible allergic reaction if he was to ever make a profit, and he's just not taking any chances...

TIGA went "Substantial" again on RFG most recently in November (13-Nov-2024) with a top-up buy @ 7.8 cps (cents/share) pre-1-for-40-share-consolidation, so Alex paid the equivalent of $3.12/share. RFG closed today @ $2.03, some 35% below Alex's November top-up price, and even further below his (TIGA's) average price paid.

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Alex laughing it up in his office on Level 45, 55 Collins Street, Melbourne.


P.P.S. The following is also good for a laugh: https://fintel.io/news/retail-food-group-asx-rfg-price-target-increased-by-3-90208-to-423-785

Retail Food Group (ASX:RFG) Price Target Increased by 3,902.08% to $4.23

George Maybach

23-Dec-2024

The average one-year price target for Retail Food Group (ASX:RFG) has been revised to $4.23 / share. This is an increase of 3,902.08% from the prior estimate of $0.11 dated November 30, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of $4.04 to a high of $4.62 / share. The average price target represents an increase of 70.00% from the latest reported closing price of $2.49 / share.

What is the Fund Sentiment?

There are 14 funds or institutions reporting positions in Retail Food Group. This is an decrease of 14 owner(s) or 50.00% in the last quarter. Average portfolio weight of all funds dedicated to RFG is 0.00%, an increase of 55.50%. Total shares owned by institutions decreased in the last three months by 95.24% to 1,076K shares.

--- end of excerpt ---

Clear as mud? Well, to start with, George clearly failed to take into account the 1-for-40 share consolidation in late November/early December, so $4.23 was actually $0.10575 in the old money, or 10.6 cents/share, so not a 3,902.08% increase in the average price target, but a -3.9% fall in the average price target, and that's not all he got wrong either.

And don't get me started on broker/analyst price targets following a stock down while always remaining wayyyyy too bullish all the way down... I mean, they put their clients into these companies so everything must be spun positively; the glass is always half full, even when the glass is lying shattered on the floor in a thousand pieces.

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occy
Added a month ago

I have to be honest, my mind has deceived me as I thought this mob went under. I didn't realise they were still around let alone still trading on the ASX. They were quite a popular, talked about stock many moons ago.

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