RFG trades on a P/E ratio of barely 10x because no one trusts management, to grow the business and secondly to be upfront with investors.
Look at the Against votes for the AGM resolutions yesterday, especially the CEO LTI package which has pathetic non shareholder aligned measures and hurdles.
The fact that The Chairman bemoaned shorters in his speech says everything. He should resign immediately and not inflict another year of his poor leadership on the company.
I hate shorters but they attack vulnerabilities.
At a half reasonable performance RFG should have a P/E ratio of 14 times which translates into a $6.30 SP.
The board and CEO is responsible for the SP weakness. Get Carter off is what I say.
Ann: Chairmans Address to AGM, page-15
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Last
7.2¢ |
Change
-0.001(0.69%) |
Mkt cap ! $169.4M | |||
| Open | High | Low | Value | Volume |
| 7.2¢ | 7.2¢ | 7.2¢ | $19.86K | 275.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 699904 | 7.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.2¢ | 206857 | 4 |
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| Last trade - 12.20pm 04/12/2024 (20 minute delay) ? |
| RFG (ASX) Chart |
