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1.Market Observations, 5.Troubled companies, 8.Was Sticky

10 Jan 2018 (TheAge) – RFG shares slump as it warns on profit for second time in three weeks

[COMMENT: Here is another case study example to indicate that astute short term investors and traders would have protected their capital by selling the stock before the shock profit warnings. It is not possible to tell whether this stock will recover, or continue into oblivion and perhaps be snapped up by hedge funds or the like.]

(10 January 2018, The Age, Business, p21, Sarah Danckert)

Retail Food Group (ASX:RFG) Daily Candle Chart

Retail Food Group (ASX:RFG) Daily Candle Chart (source: Brainy)

‘The embattled owner of the Donut King and Gloria Jeans brands has again lowered its profit guidance, only three weeks after warning investors of a weaker than expected first half. Retail Food Group said on Tuesday that it would no longer achieve a profit of $22 million for the six months to June 30.’

Read more at TheAge.com.au

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Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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