RFF 0.00% $1.88 rural funds group

Thanks @canonman Yes that makes sense. To be clear with "lack of...

  1. 70 Posts.
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    Thanks @canonman 
    Yes that makes sense. To be clear with "lack of transparency" I was only referring to the current situation if there's now chooks or not in the affected sheds, i.e., whether they are generating revenue or not. I hope Baiada does not lose their patience.

    At 30 June 2018 Baiada Poultry Pty Limited (Baiada) and Turi Foods Pty Limited (Turi Foods) were the sole customers of RFP’s chicken growing activities in Griffith NSW and in Lethbridge VIC respectively. Baiada and Turi Foods are two of Australia’s largest poultry producers with farming, processing, distribution, marketing and sales operations. Baiada and Turi contract with RFP in relation to the provision of broiler sheds and managing the growth of chicken batches. At 30 June 2018 80% of RFP’s revenue from poultry growing activities comes from growing contracts with Baiada Poultry Pty Limited (ABN 96 002 925 948) (Baiada). RFP is therefore economically dependent on Baiada.


    Re the RFP share, admittedly on very low volumes, last trade at $0.93 whilst their NAV in the last result was $1.12 I think. This is either going to be a great buy for someone or an epic value trap... (no investment advice, just an observation). So I suppose the conclusion is the risk is firmly on the RFP side of things, not affecting RFF. Good!
 
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Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
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