Retail Food Group Limited

RFG Response to Media Speculation: Retail Food Group Limited (ASX: RFG) had earlier come forward and made an announcement related to the comments with regards to Australian Financial Review related to the potential unloading of the assets by Retail Food Group which includes Crust Gourmet Pizzas. The company stated that they would be seeking for the reduction of the debt by numerous means which includes investigation with respect to the possible unloading of the assets. It added that, with regards to the amount for sale of Crust Gourmet Pizzas which is speculated in the article of Australian Financial Review, the amount happens to exceed the expectations of the company with regards to the sale price for the asset if it would be sold as part of the process.

FY 2018 Key Metric (Source: Company Reports)

In FY 2018, the company had generated the revenues amounting to $374 million in FY 2018 which implies the YoY rise of 7.07%.

What Strategy RFG Plans to Follow: Retail Food Group had stated that they would be working towards the strategy of stabilising, optimising as well as reinvesting.

It would be optimising the operations as well as enhancing the profitability and returns for Retail Food Group and its franchisees. It has plans to launch the simplified product portfolio as well as it would be working to achieve the operational cost efficiencies. It would be reinvesting so that it can prudently grow.  

Stock Recommendation: On the daily chart of Retail Food Group, Exponential Moving Average or EMA has been applied and default values were used for the purposes. It was observed that the company’s stock price is trending largely parallel to the EMA and a crossover might occur moving forward. If this crossover occurs, then there would be expectations that the company’s stock price might witness an upward momentum. However, the crossover has not yet occurred.
As a result, we maintain our “Hold” recommendation on the stock at the current market price of A$0.295 per share.
 

Magnis Energy Technologies Ltd

A Look at Quarterly Report: Magnis Energy Technologies Limited had earlier published the quarterly activities report for the quarter ended December 31, 2018. Earlier, the company had made an announcement that battery partner, Charge CCCV, had wrapped up the production of the working prototype Solid State Battery which had been demonstrated in 2018 NYBEST Conference in the New York.

The company had stated that there has been progressed by Imperium3 New York, Incorporated related to the start-up activities for the New York Gigafactory project. The company added that it has increased the indirect and direct shareholding to 47% in the New York Gigafactory project.  In thequarter ended December 2018, the company’s net cash used in the operating activities stood at $1.87 million which reflects the payments made. Towards administration and corporate costs, the company had made payments amounting to $0.777 million.

Net cash used in operating activities (Source: Company Reports)

What to Expect From MNS: Magnis Energy Technologies had earlier stated that they would be focusing towards the establishment of the global procurement team. Moreover, the company would also be working to move up the value chain with regards to the graphite products by the production of world-class graphite/silicon composite anode material.

Stock Recommendation: In the past three months, the share price has risen 12.90% and is trading close to a lower level. From the technical analysis front, a technical indicator, Exponential Moving Average or EMA has been applied on the monthly chart of Magnis Energy Technologies, and default values were used for the purposes. After observation, it was noted that the stock price is trending towards the EMA and crossover might occur. If this crossover occurs, the company’s stock price might witness an upward momentum.As a result, we maintain our “Hold” rating on the stock at the current market price of A$0.335 per share (down 4.3% on 11 February 2019).
 

Disclaimer
 
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
 
 
 2 Small-cap Stocks to Hold - RFG, MNS
 
Retail Food Group Limited
RFG Response to Media Speculation: Retail Food Group Limited (ASX: RFG) had earlier come forward and made an announcement related to the comments with regards to Australian Financial Review related to the potential unloading of the assets by Retail Food Group which includes Crust Gourmet Pizzas. The company stated that they would be seeking for the reduction of the debt by numerous means which includes investigation with respect to the possible unloading of the assets. It added that, with regards to the amount for sale of Crust Gourmet Pizzas which is speculated in the article of Australian Financial Review, the amount happens to exceed the expectations of the company with regards to the sale price for the asset if it would be sold as part of the process.

FY 2018 Key Metric (Source: Company Reports)
In FY 2018, the company had generated the revenues amounting to $374 million in FY 2018 which implies the YoY rise of 7.07%.
What Strategy RFG Plans to Follow: Retail Food Group had stated that they would be working towards the strategy of stabilising, optimising as well as reinvesting.
It would be optimising the operations as well as enhancing the profitability and returns for Retail Food Group and its franchisees. It has plans to launch the simplified product portfolio as well as it would be working to achieve the operational cost efficiencies. It would be reinvesting so that it can prudently grow.  
Stock Recommendation: On the daily chart of Retail Food Group, Exponential Moving Average or EMA has been applied and default values were used for the purposes. It was observed that the company’s stock price is trending largely parallel to the EMA and a crossover might occur moving forward. If this crossover occurs, then there would be expectations that the company’s stock price might witness an upward momentum. However, the crossover has not yet occurred.
As a result, we maintain our “Hold” recommendation on the stock at the current market price of A$0.295 per share.
 
Magnis Energy Technologies Ltd
A Look at Quarterly Report: Magnis Energy Technologies Limited had earlier published the quarterly activities report for the quarter ended December 31, 2018. Earlier, the company had made an announcement that battery partner, Charge CCCV, had wrapped up the production of the working prototype Solid State Battery which had been demonstrated in 2018 NYBEST Conference in the New York.
The company had stated that there has been progressed by Imperium3 New York, Incorporated related to the start-up activities for the New York Gigafactory project. The company added that it has increased the indirect and direct shareholding to 47% in the New York Gigafactory project.  In thequarter ended December 2018, the company’s net cash used in the operating activities stood at $1.87 million which reflects the payments made. Towards administration and corporate costs, the company had made payments amounting to $0.777 million.

Net cash used in operating activities (Source: Company Reports)
What to Expect From MNS: Magnis Energy Technologies had earlier stated that they would be focusing towards the establishment of the global procurement team. Moreover, the company would also be working to move up the value chain with regards to the graphite products by the production of world-class graphite/silicon composite anode material.
Stock Recommendation: In the past three months, the share price has risen 12.90% and is trading close to a lower level. From the technical analysis front, a technical indicator, Exponential Moving Average or EMA has been applied on the monthly chart of Magnis Energy Technologies, and default values were used for the purposes. After observation, it was noted that the stock price is trending towards the EMA and crossover might occur. If this crossover occurs, the company’s stock price might witness an upward momentum.As a result, we maintain our “Hold” rating on the stock at the current market price of A$0.335 per share (down 4.3% on 11 February 2019).
 
 
 
Disclaimer
 
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.