After hours yesterday came the news of another casualty on AIM – the world’s most successful growth market. Real Good Foods (RGD) is going to be calling in the administrators and shares have been suspended this morning. 125 years of trading history is going up in smoke.
Cake decoration and food ingredients company Real Good Food (RGD) commences a trading update with that it “entered its seasonally busier second half of the year in good shape”... so why a share price more than 14.5% lower today at 2.35p?...
Previously writing on Real Good Food (RGD), last week I concluded that, despite the shares being down to below 3p, this was still not an illiquid position I would like to hold. Today came a “Notice of AGM and Proposed Delisting from AIM” and the shares have slumped again from 2.7p towards 2p.
Real Good Food (RGD) has announced results for its year ended 31st March 2021 and that “revenues and profit are in line with board expectations, and ahead of pre-pandemic levels (FY20), for the first five months of the new financial year, with good retail and international sales”. Why then a more than 13% share price fall, to below 3p?...
Individuals not companies lie, deceive, cheat and break the rules. If you want to stamp out white collar crime you hammer individuals not companies. Natch the Oxymorons really do not get that at all. Today AIM Regulation has fined Real Good Food (RGD) £450,000 (reduced to £300,000 for co-operating with enquiries) for some monstrous crimes committed largely by its former executive chairman Pieter Totte, but also by two other former directors. The full shocking notice is below.
I most recently warned on Real Good Food (RGD) towards the end of March - another intra-day update, attempted discounted fundraising ahoy?. Now another intra-day update; “New funding arrangements agreed”…
Previously writing on Real Good Food (RGD) I reiterated a poor financial state and questioned what price further bailout funding? There’s now a “Funding Update” announcement…
Previously writing on Real Good Food (RGD) in October I noted a Trading Statement including “revenue growth, however, is not currently being translated into greater profitability where H1 performance has been disappointing compared to the board's previous expectations, particularly in September”. There’s now a 10:30am Trading Statement. Why am I not confident…
With its shares already down from 53.5p at the start of last year and 35p at the end of July this, to 26p, there’s now a further “Trading Statement” announcement from Real Good Food (RGD). Surely not yet more real bad news?...
