Looks like FOD is testing the 18.5c resistance with all the news flow that is coming out. Today executed a juice supply contract in China which came only a few days after the supply contract win with ALDI.
FOD down 39% today. They released an announcement at 4.03pm today. A lot of positive news in there, how much is already public I'm not sure.
https://www.asx.com.au/asx/share-price-research/company/FOD
Been very unloved since it looked promising a couple of months back and belted for six today
Yup. I sold out of it a few months back. Saw this thread so I checked back in on it. FOD's even gotten worse.
Retail Food Group has struggled financially since accusations in late 2017 that its franchisees had been run into the ground with exorbitant fees, high marketing and food costs, poor quality food and a lack of support.
Oops, thanks Zaxon!That's Retail Food Group. The Food Revolution Group sells orange juice etc to places like Aldi and China.
Just about to type on this one DK ………. Been very unloved since it looked promising a couple of months back and belted for six today
No idea why the drop, but the chart says hang on tight (unless it does a BIN of course) ……….
At least your Entry price is good for the Monthly Tipping comp
Up 24% today. Hasn't quite made up for Thursday's dive (-39%). Will it hang on to win Joe a bottle of Cab Sav or will it continue its downward trend?
It should hit the wall again if the price action follows standard procedure …. My guess would be well under 10 cents by the end of the month
Food Revolution Group’s shares have climbed 52 per cent after the company announced it would commence production of hand sanitiser at its Melbourne facility in response to global shortages.
Marketing the products under the recently-formed Sanicare brand, the company would begin supplying hand sanitiser products to take advantage of ballooning global demand which stems from the coronavirus outbreak it said in announcement to the ASX.
Mmmmm. The SP seems to be getting ahead of itself, as is production let alone sales. Hardly a unique business proposition; as to any moat?!The company said expected “significant orders from its distribution partner imminently” and that it had secured supplies of the raw materials.
Food Revolution will use the new bottling line at its Mill Park Facility in Melbourne to produce the sanitiser for distribution partners. The bottling line was in the process of being commissioned at present, the company said
interesting. It could be a turn around!! The foray to China clearly bombed. The Aldi play would be limited. but now... into Coles, now, which brins scale and prominence, but if it is "first to market with ‘all natural plant based’ product in the Wellness beverage category" then to me this is double edged. These sorts of items can achieve a premium price, but is it a core, repeat purchase necessity or just an impulse purchase?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?