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Retail Food Group Limited

( ASX:RFG ) - Consumer Services

News

Analyst Views

RFG – Morgans rates the stock as Add

Retail Food has further increased its coffee empire, adding Di Bella Coffee to earlier acquisitions of Gloria Jeans and Cafe 2U, and now boasts extensive roasting, distribution and retail capacity, the broker notes. RFG’s AGM update was otherwise a little soft, but FY15 guidance has been maintained.

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RFG – UBS rates the stock as Buy

Retail Food Group has raised $53 million via a share placement and is looking to raise a further $7m via a share purchase plan. The purpose of the funds is to increase flexibility in anticipation of acquisitions. The company reiterated profit guidance for FY14 but UBS notes there’s now modest upside to this.

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