I do hope that RHC doesn't do a "big banks" routine and realise overseas expansion isn't working and "come back" to Australia. Thats about my only worry."
@angelus512,
Why would that be a worry?
If they aren't generating an adequate return on the capital invested in the UK and France, surely the right thing to do would be to liberate that capital, and re-deploy it where it does generate above cost-of-capital returns? Or, in the event they can't re-deploy the capital, give it back to the owners of the business.
Surely that's a far more shareholder value astute thing to do, than to throw good money after bad?
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