MENU

Beaten down Retail Food Group Limited (ASX:RFG) cuts suppliers and products

According to an article in The Australian Financial Review, Retail Food Group Limited (ASX: RFG) has moved to cut its distributors from 16 to 2 – tendering its entire distribution business – worth between $100 million and $200 million a year.

The article reports the strategy is a method to cut costs and simplify the business for the benefit of struggling franchisees, with plans to reduce the number of products sold from 15,000 to 3000.

Retail Food Group’s share price has lost 91% of its value since this time last year, but the company’s debt position means it’s not really an attractive bargain for most.

Elsewhere in the food sector the likes of Domino’s Pizza Enterprises (ASX: DMP) has recovered well from its slump following February reporting season with its shares up 2.3% to $50.04 at the time of writing.

Collins Food Ltd (ASX: CKF) has been stuck in reverse since late last year with a short surge in share price off the back of its FY18 results presentation in late June, down 0.3% to $5.21 today.

Japanese Billionaire’s Prediction Will Give You Goosebumps

When a veritable investing and entrepreneurial genius speaks, it pays to listen.

In fact, he's now preparing a $100B "war chest" to invest entirely in this "terrifying" new technology, which could spell huge profits for investors.

Click here to learn about this technology and how you can profit!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Collins Foods Limited and Domino's Pizza Enterprises Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!