RFF - Rural Funds Group

[System]

Rural Funds Group Limited (RFF) is a real estate property trust which owns a diversified portfolio of high quality Australian agricultural assets. Investors are expected to benefit from capital growth through appreciation in the value of RFF's assets, and a stable income stream derived from leasing those assets to suitably qualified and experienced counterparts. Rural Funds Management Ltd (RFM) is the responsible entity of RFF.

Rural Funds Group Limited (RFF) is expected to list on the ASX on February 14, 2014.

http://www.ruralfunds.com.au

 

[HelloU]

Bonitas (think Glaucus ...think BLA) are not a fan of this.

 

[Movendi]

Wow 42% drop! What happened?

 

[HelloU]

Wow 42% drop! What happened?

the price target quoted here is .....let me check .... $0.00
Bonitas are using very plain english in what they say.

 

[So_Cynical]

Fraud - wow ok.

https://outline.com/tFP3qs

 

[sptrawler]

Fraud - wow ok.

https://outline.com/tFP3qs

That is scary reading, somebody will end up in the can IMO, if that report is true.

 

[kenny]

Wonder if they closed any of their shorts before the 17 mins was up and ASX put the stock into trading halt?

Is there a quick way to see which LIC's hold RFF apart from Argo?

Shareholders
Name Equities %
Vanguard Investments Australia Ltd. 29,822,242 8.95%
Netwealth Investments Ltd. 19,413,427 5.83%
David Anthony Bryant 14,414,854 4.33%
Telstra Corp. Ltd. 11,875,637 3.56%
The Vanguard Group, Inc. 9,787,551 2.94%
Rural Funds Management Ltd. 8,749,465 2.63%
Argo Investments Ltd. (Investment Management) 5,481,074 1.65%
BlackRock Investment Management (Australia) Ltd. 2,977,239 0.89%
Asset Management One Co., Ltd. 2,036,911 0.61%
Mackenzie Investments Asia Ltd. 1,431,228 0.43%

 

[sptrawler]

Wonder if they closed any of their shorts before the 17 mins was up and ASX put the stock into trading halt?

Is there a quick way to see which LIC's hold RFF apart from Argo?

MLT and AFI don't have them listed in their top holdings.

 

[banco]

Who do these trading halts serve? Not the trapped retail investor it seems.

 

[kenny]

Who do these trading halts serve? Not the trapped retail investor it seems.

The theory behind trading halts is to allow the company to essentially maintain a level playing field in terms of information disclosure. The pause in trading allows the company time to manage its obligations under the continuous disclosure regulations and minimises the impact on the market in terms of volatility.
https://www.asx.com.au/documents/rules/gn16_trading_halts.pdf

 

[Trav.]

Good recovery from RFF since the big drop in August.
Popped up in my daily scan yesterday so added to the watch list.
I will be looking for entry and target ~ $2.20

 

[barney]

Just had a read of the recent announcements. The Bonitas boys may need a good lawyer

They admit to holding Short positions in the Stock and then rag it out. The Company says its all lies.

All the Directors stepped in to buy Stock after the selloff which got the SP moving up quickly …. but I wonder how many S/H's got burned on what looks like a Stop hunt. It all looks a bit ugly.

 

[HelloU]

Stuff I know
??None of the stuff was available for reading outside the USA.
3 weeks ahead can be searched in the NSW Supreme Court listings, I cannot see anything for RFM (but I am pretty dumb).
RFF itself (the vehicle that shareholders buy into through the asx listing, so unsecured creditors of that entity) does not employ a single person.

 

[HelloU]

Follow up to earlier:
listed today for 27 sept.
Case 286421
No details provided ......
but RFF announcement today provided a claim outline.

 

[barney]

Matthew Wiechert (Bonitas) is the man who has raised the ire of the RFF chaps. He made several statements which the Company has stated are incorrect.

I think MW has to also declare any profits he made on the Short selling and I suspect if he loses the case, those profits could be added to any settlement determined but that is just my interpretation.

Unless there is undisclosed information yet to be revealed, I wouldn't like to be in his shoes fighting a $0.6 billion dollar Company after reading the Company brief … although given the quality of that suit, I'd say he is probably wearing very nice shoes!!

On the flip side MW looks like a smart dude who is not easily intimidated. Lawyers will be the winners I expect



MW founded Bonitas Research LLC in 2018 and Glaucus Research Group California LLC in January 2011, another privately held equity research firm. He was an institutional salesman for Roth Capital Partners from 2004 to 2010. His street learning experience was highlighted in the film "The China Hustle". He received a B.A. in Economics with Honors from the University of Chicago in 2004.

 

[Garpal Gumnut]

I've often been tempted to invest in Rural or Timber and numerous other organic stocks, but thankfully resisted the urge.

My impression is that large Private or International owners seem the only ones to profit.

gg

 

[tinhat]

I've often been tempted to invest in Rural or Timber and numerous other organic stocks, but thankfully resisted the urge.

My impression is that large Private or International owners seem the only ones to profit.

gg

Agriculture, aquaculture, timber plantations are stocks I keep clear of too. Often they are not as green as they make out and often they are seeking to profit from loopholes in tax and natural resource policy. Policies which are often put in place by politicians supposedly supporting rural and regional communities but who somehow always seem to end up working for the big end of town once they leave politics.

 

[InsvestoBoy]

Looks like RFF is on the downside again after a different firm which isn't connected to Bonitas and doesn't short sell has weighed in with skepticism.

https://www.businessnewsaus.com.au/...-scheme-that-could-collapse-at-any-time-.html

 

[barney]

Looks like RFF is on the downside again after a different firm which isn't connected to Bonitas and doesn't short sell has weighed in with skepticism.

Interesting … Corn flour added to the plot

 

[aus_trader]

From Forestry schemes to agricultural schemes like RFF it seems the system is open for misuse at the expense of uninformed retail investors like us.

We are in a country that is full of good farmland and produce that can be generated from it hence the opportunity for investment. If there was no loopholes for fraud I would happily put my own money into investments involving farmland, fresh produce, meat & poultry, milk & cheese and other dairy products and even forest schemes for producing timber. The sad thing is these schemes are littered with fraud and I am appalled by how many of them have become insolvent/bankrupt over the years that I have been following the share market.

So despite the love for our farms and land in this vast country of ours, when it comes to investing I am with tinhat on this sector.