rfgda
Hi , I was asking recently about RFG , they have changed the name and my number of shares and I can not get any idea on is a good thing or bad ? , They had a big jump in share price Thursday . Any thoughts Thanks Glenn G
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Answer
Hi Glenn
This $170mn donut store/cafe manager is trading on a deferred settlement basis – hence the code RFGDA – and will revert back to the normal code sometime next week. They have undertaken a security consolidation, which involved consolidating its ordinary fully paid shares, performance rights, and service rights. The move aimed to simplify the capital structure and possibly improve the marketability of its shares. Overall markets are efficient and your holding is unlikely to have meaningfully changed in value. Less shares held worth more = net net neutral.
