Congratulations to the Retail Food Group (RFG) for posting a 33% gain in profit on the back of "consistent and sustainable growth" while "making big strides in reducing debt". The stella performance of the franchisees in the RFG system are the key to franchising success.
One RFG franchisee has said "the company has strongly assisted franchisees with lower product costs and better marketing".
Compare that to the continued trash performance of Allied Brands Ltd. (ABQ) who today was sanctioned by the Australian Stock Exchange (ASX) for continued violations of ASX listing rules as well as Australian Corporate Law.
This is just one instance of the continued share price manipulation by director purchases being done at Allied Brands Ltd. In this case it involved share price propping by director Peter Elligett at a time when the share price was being hammered as the additional purchase plan was garnering widespread criticism. His 50,000 share, UNREPORTED MANAGEMENT PURCHASE represented almost 1/2 of the shares traded that day, at a time when ABQ was trying to look like a fair dinkum investment to their Gold Coast mates. And this won't be the last sanction - investigations are ongoing at the ASX, the ACCC, and the Department of Migration.
Allied Brands calls this Elligett illegal activity "an unfortunate anomoly". RFG refers to their performance as "enhancing our position as an innovative franchisor".
ABQ = FAILED FRANCHISEES, COLLAPSED SYSTEMS, ASX SANCTIONS
RFG = SUCCESSFUL HAPPY FRANCHISEES, CONTINUED GROWTH AND PROSPERITY
The choice is clear!
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