asx rfg. ASX:RFG Stock Report. asx rfg

 
 ASX:RFG Stock Reportasx rfg 088? While Retail Food Group Limited ( ASX:RFG) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the ASX

Retail Food Group Limited (ASX: RFG) provides the following update in relation to expected FY18 earnings. Almost 400m in debt is it possible for RFG to turn around ? One only needs to look at today's top ASX200 mover, Lynas 6. EPS is expected to grow by 65. It has a market cap of $120. RFG Australian Securities Exchange • delayed by 20 minutes • CURRENCY IN AUD • Food & Tobacco. It is also involved in the ownership of the intellectual property;. -4. We think it has a lot of upside still to come from here. 9 million share placement and $20 million debt facility. Long before the market crash in early 2020, RFG had already died. 00%. As a part of our ‘The Insiders: Meet the CEOs’ series, Executive Chairman Peter George provides valuable insights to the company, its key markets and industry, and future. We don't wish catastrophic capital loss on anyone. Retail Food Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags. 88% lower compared to the previous semiannual. 00%) At close: 04:10PM AEDT. au. Return on equity is forecast to be 11. Retail Food Group Limited (ASX:RFG), a hospitality company based in Australia, saw significant share price volatility over the past couple of months on the ASX, rising to the highs ofRead More. JB Hi-Fi's second quarter of FY22 showed sales growth of 1. Past Earnings Growth Analysis. Add to watchlist. Simply Wall St ™. Retail Food Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags. The formula for this calculation on Retail Food Group is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0. 15 million in cash and cash equivalents, having recorded net cash inflows of $7. It's hard to say for sure but this suggests they have entwined business interests. 0. Source: RFG's Half 1 FY2022 Results Presentation, released to the ASX on 23-Feb-2022, see here: 2924-02490523-2A1358599 (markitdigital. Ideas Financials Technicals Forecast . 9% last month. . Market Cap: 144. 05 AUD. Index: LAST PRICE CHANGE +/. 0490 to $0. Price History. Currency in AUD. Retail Food Group Ltd (ASX:RFG) Intrinsic Valuation. Is Retail Food Group (ASX:RFG) a buy? Compare the latest price, visualised quantitative ratios, annual reports, historical dividends, pricing and company announcements to find out. com) The above slides have just been cherry-picked by me to show just some of the stuff you need to worry about with RFG as they are in 2022. . It closed the day up 15 per cent at 34¢. The Retail Food Group Limited (ASX: RFG) share price is up by 9. 2 and as agent for the director for the purposes of section 205G of the Corporations Act. This announcement has been authorised for release by the Board of Directors. You can see Retail Food Group's historic earnings and revenue below, but keep in mind there's always more to the story. 045 set on Jun 27, 2023. That's a 98. This is fairly close to 1, so the stock has historically shown a somewhat similar level of volatility as the market. Retail Food Group Limited is an Australia-based food and beverage company. Retail Food Group Limited ( ASX:RFG ), might not be a large cap stock, but it saw a double-digit share price rise of. It reached it’s all time high in 2015, when it briefly touched $8. 4bn deal to buy Australian Venue Co in August, Asia private equity fund PAG is believed to be working on another deal in the market and some question whether Retail Food Group could be on its radar. 0590. These. and franchises restaurants primarily located in Australia. Retail Food Group Limited (ASX:RFG), a hotels, restaurants and leisure company based in Australia, received a lot of attention from a substantial price movement on the ASX in the overRead More. View Information. 55%. 050 0. 7. Similar Stocks. 5% today. Many took the financial burden of the stores either with sweat equity, working long hours and days to reduce the staffing costs and supplementing with cash injections until they ran out, and then the unprofitable store was sold to a new franchisee and repeat. At the time of writing, the benchmark index is down 0. AX stock on Yahoo Finance. Tel +27 (0)21 702-3102. com. All Retail Food Group Limited (RFG) ASX announcements deemed to be price sensitive will be. Trade Add trade order Follow. 0%) -A$0. However, it represents a dive from a $3. We have put together what we believe to be the most frequently asked questions from our shareholders. Next year you won’t have ACCC fines, minimal business restructure costs and no new litigation (please!), so that is EPS of ~c. No [email protected] Food Group Ltd (ASX:RFG) Intrinsic Valuation. co. ETFs . Retail Food Group's brands include Donut King, Michel's Patisserie, Brumby's Bakery, Esquires Coffee Houses, Gloria Jean's Coffees, Pizza Capers Gourmet Kitchen, and. Retail Food Group Limited (RFG. Join the HotCopper ASX share market. Retail Food Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags. Does the November share price for Retail Food Group Limited ( ASX:RFG ) reflect what it's really worth? Today, we will. AX stock on Yahoo Finance. Retail Food Group Limited (RFG. RFG is one of my watchlists since 2 years ago as I was a shareholder of SOL. 2 per cent from FY20 to FY21, with standouts including Gloria Jean’s drive-thru. 15 June 2023. ASX queries Retail Food Group warning Gloria Jean's and Donut King owner Retail Food Group has defended the timing of its recent profit downgrade, amid pressure from lawyers and the ASX. 4 million for FY22. Food & beverage company Retail Food Group (ASX:RFG) has today agreed to resolve the Federal Court proceeding commenced by the ACCC against it in December 2020. com. Overview . Announcements. Industry Avg. 10 seven days ago. The ex-dividend date for this dividend was 11 Sep 2017. com. Last 5. BUT odds are IMO zmm will eventually outperform rfg given the following reasons: 1. 04%) Upcoming dividends for Retail Food Group Limited (RFG) are announced to the ASX several weeks before the ex-dividend date. Dashboard Markets Discover Watchlist Portfolios Screener. 6m NPAT). The Company owns and operates brands, including Gloria Jean’s, Donut King, Brumby’s Bakery, Michel’s Patisserie, Crust Gourmet Pizza, Pizza. Full ASX Company Announcements of RFG - Retail Food Group Limited from Australian Financial ReviewIn 2017, RFG earned $123. Get the latest Retail Food Group Ltd (RFG) real-time quote, historical performance, charts, and other financial information to help you make. RFG released this announcement to the ASX on 22. 9 per cent in the current financial year, with around 50 new outlets to be opened worldwide during the remainder of FY23. See our latest analysis for Retail Food Group . 00 0. Accelerating Growth: Unable to compare RFG's earnings growth over the past year to its 5-year average as it is currently [email protected], with interest rates at historic lows and the ASX at historic highs, there aren’t many opportunities that meet all of my criteria. RFG sell signal RFG (Retail Food Group) is worst stock in ASX this year, down almost 90% this year. Former CEO Andre Nell leaves the group after two years at the helm and 12 years as an RFG executive. 6¢ Change 0. In its Fairness in Franchising report released yesterday, the parliamentary inquiry. 047 (-4. RFG is a global food and beverage company listed on the ASX with 5 operating segments. com. There is a a reason for this. 3 Mil. The Company is also a multi-brand retail food and beverage franchise owner, which also roasts and supplies coffee products. au. Retail Food Group Limited is a publicly listed company whose shares are quoted on the Australian Securities Exchange (ASX: RFG). 12/12/21. View dividend history, insider trades and ASX analyst consensus. Retail Food Group, founded in 1989, a global food and beverage company headquartered in Queensland, Australia. Car dealership network Eagers Automotive Ltd ( ASX: APE) saw its shares soar 19. CFIG is the strong and united voice for the independent grocery retailers to Industry and Government across Canada. Limit of one per person, no guarantee of a mention. 07 5591 3242. 9 million share placement — which is based on an offer price of 8 cents per share —. Read the latest investing news and insights. The Company owns and operates brands, including Gloria Jean's, Donut King, Brumby's Bakery, Michel's Patisserie, Crust. 075. Retail Food Group Ltd Level 4 35 Robina Town Centre Drive,, Robina GOLD COAST 4226 Australia AUS; Phone +61 75591-3242; Fax +61 75591-9021;Simply Wall St. Retail Food Group ( ASX:RFG ) Full Year 2023 Results Key Financial Results Revenue: AU$111. 55 per. Rob is a chartered accountant with over 20 years’ experience in senior finance roles both domestically and in the United Kingdom. Discover Investments. The Shovel’s satirical take on the PwC affair. I would. 4m and booked a AU$8. Latest Retail Food Group Ltd (RFG:ASX) share price with interactive charts, historical prices, comparative analysis, forecasts, business profile and more. 4 Million Debt & Equity Capital Raising Launched Key Points : • Firm commitments received to raise $24. Retail Food Group Limited. If you own shares in Retail Food Group Limited (ASX:RFG) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. Dividends. This constitutes a share price movement of -15% when compared to its closing share price of $0. Investment Ideas . 0470 to a day high of $0. He joined RFG in April 2023 from his most recent role as Chief Financial Officer of ASX-listed EML Payments Limited (ASX:EML), where he played a key role in the development and execution of group strategy and led the. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. 0 million. "This is a company that. RFG ASX. com - September 25 at 11:07 PM: The bargain hunter’s guide to Retail Food Group Limited shares fool. Retail Food Group (ASX:RFG) Fixed Maturity Investment as of today (November 21, 2023) is . Retail Food Group Limited (ASX:RFG) shares will be on watch today after being kicked out of the S&P/ASX 200. Afterpay Touch Group Ltd (ASX:APT) and Appen Ltd (ASX:APX) have been added to the. operates as a food and beverage company, which engages in the franchise, investment, and management of food chains. Retail Food Group ( ASX:RFG ) Full Year 2023 Results Key Financial Results Revenue: AU$111. Our data indicates that hedge funds own 12% of Retail Food Group. However, we wonder if the. RFG Price at posting: 9. Retail Food Group (ASX:RFG) Takes On Some Risk With Its Use Of Debt Apr 28. Discover historical prices for RFG. Dividend Yield explained. com. ASX 20 ASX 50 ASX 100 ASX 200 ASX 300 All Ordinaries News Stock Scans. Indeed, they own a respectable stake in the company. 6% from FY 2022. Announced today by the Australian Competition. ASX RFG : Retail Food Group Limited stock forecast, predictions, and share price target for 2022, 2023 (1 year) to 2025 - 2027 (5 year) to 2030, and 2032 (10 year) with Revenue and EPS Prognosis by Technical Analysis Retail Food Group Ltd. Along with the $24. ASX:RFG Earnings and Revenue Growth July 24th 2023. . While Retail Food Group Limited might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the ASX. Soul Pattinson and Company Limited (ASX:SOL), to secure a 3-year term loan facility of $20. . ASX:RFG Income Statement Export January 5th 19 We note that hedge funds don’t have a meaningful investment in Retail Food Group. 3¢ Sentiment: Buy Disclosure: HeldYou are a part of the team responsible for planning the Retail Food Group Limited (ASX code – RFG), a food and beverage company, audit engagement for 2021. Get detailed quarterly and annual income statement data for RETAIL FOOD GROUP LIMITED. Fresh from striking a $1. 32 million and a P/E ratio of 39. Simply Wall St. 5% to 7,226 points by 10:30am AEDT, with seven out of every 10 stocks in the red. 23 million. If the future. (ASX:RFG) Company Profile. ASX queries Retail Food Group warningRFG made a lot of money from selling and managing franchisees. Retail Food Group Limited is an Australia-based food and beverage company. Retail Food Group (ASX:RFG) WACC % Explanation. Mkt Cap: AU$142. Retail Food Group shareholders are up 8. Shareholders. The summary of RETAIL FOOD GROUP LIMITED is based on the most popular technical indicators, such as Moving Averages, Oscillators and Pivots. AX. Retail Food Group (ASX:RFG) WACC % Explanation. Retail Food Group ( ASX:RFG ) Full Year 2023 Results Key Financial Results Revenue: AU$111. ASX:RFG Income Statement, June 18th 2019 You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic . A firm that expects to continue generating positive excess returns on new investments in the future will see its value. International expansion, growing same-store sales and a plunging share price make Retail Food Group Limited (ASX:RFG) look like outstanding value at present. Overview. Learn more about Retail Food Group Limited (RFG). Full ASX results, reports, financials & key statistics of RFG - Retail Food Group Limited from Australian Financial ReviewRetail Food Group Limited (ASX: RFG) is Australia’s largest retail food and beverage franchise owner, set to rebound with new management and the reopening trade. Investor Relations Contact. RFG is a global food and beverage company headquartered in Queensland. au; Office address: Level 4, 35 Robina Town Centre Drive, Robina QLD 4226 Australia; Postal address: Retail Food Group (Australia) PO Box 4223, Robina Qld 4230 Australia; Franchise opportunities: +61 7 5655 2525; Shareholder & Media enquiries: Company Secretariat company. In finance, Beta is aRead More. Retail Food Group (ASX: RFG) has signalled its turnaround strategy is coming to an end after the franchising group announced the appointment of a CEO to lead the company for the first time in more than four years. au . Because it costs money to raise capital. 2% for the year. 002 (4%) ASX company news and announcements for Retail Food Group Limited (RFG) are delayed by 20 minutes from the time of their release between 7. (RFG) share price today with other investors in the Retail Food Group ASX share price and sentiment chat forum). Last updated Tuesday October 10th 5:41amThe ASX dividend share is expected by the broker Credit Suisse to pay a grossed-up dividend yield of 7. RFG: ASX (Australian Securities Exchange)Yes: Ordinary Shares: AU: AUD: Jun 2006: RFG: CHIA (Chi-X Australia)Yes: Ordinary Shares: AU: AUD: Jun 2006: JUU:. RFG. This week’s stock request: (ASX:WHC), (ASX:RFG), (ASX:XRO),. Retail Food Group Limited ASX:RFG Australia / Consumer Discretionary / Hotels, Restaurants & Leisure. *Close price adjusted for splits. The Company is also a multi-brand retail food and beverage franchise owner, which also roasts and supplies coffee products. RFG reached all-time low of 2. Jacinta also serves on the Advisory. See RETAIL FOOD GROUP LIMITED stock price prediction for 1 year made by analysts and compare it to price changes over time to develop a better trading strategy. The total amount of franchisee debts to be waived under the. Monitor the latest movements within the Retail Food Group Ltd real time stock price chart below. Retail Food Group Limited (ASX:RFG), a hospitality company based in Australia, received a lot of attention from a substantial price movement on the ASX over the last few months, increasingRead More. Get detailed quarterly and annual income statement data for RETAIL FOOD GROUP LIMITED. The dividend amount was paid at franking rate of 100%. 03pm. About. Retail Food Group's CEO is Matt Marshall, appointed in Jul 2023, has a tenure of less than a year. I am going to run you through how I calculated the intrinsic value of Retail Food Group Limited (ASX:RFG) using the discounted cash flow (DCF) method. To be a paid a dividend, you must own shares in Retail Food Group Limited (RFG) before the ex-dividend date. 3¢ retail food group limited. 4 Million Debt & Equity Capital Raising Launched Key Points : • Firm commitments received to raise $24. View the latest RFG revenue, expenses, and profit or loss. 5 times. Notification of cessation of +securities. In addition, RFG agreed to waive $1. Retail Food Group (Australia) Limited, often abbreviated as RFG, is an ASX-listed company and Australian franchisor based in Robina, Queensland. Retail Food Group Limited, a food and beverage company, engages in the management of a multi-brand retail food and beverage franchise in Australia and internationally. asx. com. As of last trade, Retail Food Group Ltd (RFG:ASX) traded at 0. 0. The average dividend yield in last 5 years is 8. 4m (up 8. com. 6cents in the March 2020 sell-off. Retail Food Group is the intellectual property owner and manager of the successful Donut King, Michel’s Patisserie, Brumby’s Bakeries and bb’s cafe franchise systems. 89% over the pastRead More. Retail Food Group Limited (RFG), an ASX-listed company, is a global food and beverage company headquartered in Queensland, Australia. company. 088? While Retail Food Group Limited ( ASX:RFG) might not be the most widely known stock at the moment, it saw a significant share price rise of over 20% in the past couple of months on the ASX. This is an increase of 28. Overview. za. Retail Food Group's (ASX:RFG) stock is up by a considerable 51% over the past three months. Last updated Monday November 20th 5:40amThe Retail Food Group (ASX:RFG) share price has rebounded from its recent lows. Postal address: Retail Food Group (Australia) PO Box 4223, Robina Qld 4230 Australia. 4m (up 8. The stock was trading as high as $4. This website uses cookies. 54K. Knowing what you know now, would you buy an RFG franchise? Share. Top Gainers Top Losers 52 Week Highs 52 Week Lows Highest Turnover Trading Halts DRPs Director Changes Fundamentally SoundSpot on mate. . Retail Food Group (ASX:RFG) - Stock Price, News & Analysis - Simply Wall St Stocks / Consumer Services Retail Food Group ASX:RFG Stock Report Last Price. Stock analysis for Retail Food Group Ltd (RFG:ASE) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 065, 44. 91 million over six months. About Retail Food Group Limited: RFG is a global food and beverage company headquartered in Queensland. News . However, at today's share price it trades on a forecast price-earnings ratio of just 10x and a dividend yield of 6. Full ASX results, reports, financials & key statistics of RFG - Retail Food Group Limited from Australian Financial Review. com. View real-time Retail Food Group Ltd (RFG) share prices and assess historical data, charts, technical analysis, performance reports and ASX RFG share chat forum. 23 December 2022. Full ASX share holder and ownership of RFG at last. The stock slumped 23. Retail Food Group’s Board of Directors is accountable to shareholders for the performance, operations and affairs of the Group. The 1 analyst offering 1 year price forecasts for RFG have a max estimate of — and a min estimate of —. 9 million via a share placement to sophisticated and. Data delayed at least 20 minutes,. Retail Food Group Ltd (RFG:ASX) forecasts: consensus recommendations, research reports, share price forecasts, dividends, and earning history and estimates. 12 0. Retail Food Group (ASX:RFG) Cash And Cash Equivalents as of today (November 18, 2023) is A$22. It operates through the following segments: Bakery/Cafe, QSR, Coffee Retail, and Di Bella Coffee. The Retail Food Group Limited ( ASX: RFG) share price has collapsed 30% in the past few days, following the Fairfax media allegations of underpaid workers and franchisees being pushed to breaking. Specifically, the lawsuit is from the switch to frozen goods instead of fresh goods in 2015. Retail Food Group (RFG) delivers an underlying EBITDA guidance of around $21. Retail Food Group Limited (ASX:RFG) Shares Could Be 25% Below Their Intrinsic Value Estimate finance. 3 per cent increase in revenue to $60 million in the first half of FY23 and a 28 per cent increase in underlying EBITDA to $14. Profile; Follow; deluded. . View daily, weekly or monthly format back to when Retail Food Group Limited stock was issued. 0¢ Sentiment: Buy Disclosure: HeldEmbattled Australian retail food brand Retail Food Group Limited (ASX:RFG) has pinned its hopes on a wholesale push under the Di Bella coffee brand . Contrast that to RFG, which has recovered from its near death experience. The Retail Food Group Limited stock price fell by -4. Negotiating full-form debt documentation with RFG’s new lender, Washington H. Overall, RFG’s same store sales grew by 3. Should You Investigate Retail Food Group Limited (ASX:RFG) At AU$0. Price target. Romano Sala Tenna: Look, it's an unusual one because it's up 140% in the past two years, but Mineral Resources (ASX: MIN). Currency in AUD. . The Retail Food Group (ASX: RFG) share price has continued its horror run, seeing its stock fall more than 40% since January. Click for more information. 08: $47m Total: $207m on recent injection of fund RFG MC today $127m. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself. The Company is also a multi-brand retail food and beverage franchise owner, which also roasts and supplies coffee products. com. RFG posted a 15. Keeping the ticker would be ideal and cheaper. This risk is higher in a company without a history of growth. Price / Book. Reported on 8/22/23. Retail Food Group ( ASX:RFG ) Full Year 2023 Results Key Financial Results Revenue: AU$111. 5% and 2. RFG is a mature company with 80 stores down from 250. 8% loss for those poor shareholders. 74K, comprised of 82% salary and 18% bonuses, including company stock and options. Retail Food Group Limited (ASX:RFG) is a global food and beverage company based in Queensland, Australia. 43. 0. 12,170,224. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share. Furthermore, even though Disfold strives to provide the best and most accurate data, errors can occur in Disfold's systems, or in our data providers' systems. operates as a food and beverage company, which engages in the franchise, investment, and management of food chains. More. According to the AFR, RFG intends to raise AUD 45m of capital, consisting of: Pre-capital raise, as per the 1H23 Report RFG…Retail Food Group Limited is an Australia-based food and beverage company. ASX:RFG . Roundup of Global market movements. Debt/EBITDA: -23. Retail Food Group is still a bargain right now. Simply Wall St. Currency. Retail Food Group Limited. Join the HotCopper ASX share market forum today for free. secretariat@rfg. A firm that expects to continue generating positive excess returns on new investments in the future will see its value. By David Simmons. Retail Food Group is paying dividends since or before Apr 2010. com. 049 = AU$13m ÷. Retail Food Group ( ASX:RFG ) Full Year 2023 Results Key Financial Results Revenue: AU$111. Discover historical prices for RFG. The Company owns and operates brands, including Gloria Jean's, Donut King, Brumby's Bakery, Michel's Patisserie, Crust. 0%. Retail Food Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. We have put together what we believe to be the most frequently asked questions from our shareholders. Overview. Retail Food Group (ASX:RFG) Book Value per Share as of today (July 25, 2023) is A$0. Of note, RFG notched 66 outlet renewals in the period, which George earlier described as "pleasing" as it exceeded the figure of 58 for the entirety of FY22. . Description! Welcome to ASX Feeds. 11 and 52 week low is A$0. 06) = 10. ATTRACTIVE : Retail Food Group exhibits an implied growth ratio which is less than the industry average for consumer services stocks listed on the ASX. Retail Food Group Limited Profile and History. 2%. au - September 16 at. Price – AUD. 8¢ retail food group limited. 00%. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Retail Food Group (ASX:RFG) PE Ratio as of today (November 17, 2023) is At Loss. Retail Food Group Ltd ( ASX: RFG) is the franchisor. 21% from the prior estimate of 0. 22. This risk is higher in a company without a history of growth. Simply Wall St. The 52 week high of ASX:RFG is A$0. RFG. . au 07 5591 3242Media Team - 1300 138 917, [email protected], I sold some (loss) to offset gains from Li stocks and UWL. AX) ASX - ASX Delayed price. According to present data Retail Food Group's RFG shares and potentially its market environment. In December RFG chairman Peter George told shareholders that RFG needed to urgently sell assets to reduce its debt and lower costs. Gold Coast-based Retail Food Group’s (ASX: RFG) $1. . Retail Food Group (Australia) Limited, often abbreviated as RFG, is an ASX-listed company and Australian franchisor based in Robina, Queensland. With earnings expected to grow at roughly 16%, this doesn't look cheap. About. Because it costs money to raise capital. Stock Analysis. Learn more 1 minute 1 minute 5 minutes 5 minutes 15 minutes 15 minutes 30 minutes 30 minutes 1 hour 1 hour 2 hours 2 hours 4 hours 4 hours 1 day 1 day 1 week 1 week 1 month 1 month More MoreRetail Food Group (ASX:RFG) PEG Ratio as of today (November 14, 2023) is N/A. And over the same period it saw negative free cash outflow of AU$5. The Bakery/Cafe incorporates its systems which is the Michel's Patisserie, Donut King, and Brumby's. Second Oldest ASX Company Buying RFG shares. The Company owns and operates brands, including Gloria Jean’s, Donut King, Brumby’s Bakery, Michel’s Patisserie, Crust Gourmet Pizza, Pizza. 05) = 10. E-mail: rfga@rfg. 97. Because it costs money to raise capital. What is Retail Food Group Ltd(ASX:RFG)'s stock price today? The current price of ASX:RFG is A$0.