Ann: UK Non-cash Provisioning and FY18 Guidance Update, page-51

technically rhc looks extremely dangerous to me. pull up the l/t chart form 2000

while fundamentals are all well and fine - you only need to look at MYX to see how the market treats a downtrend regardless of apparently cheap fundamentals.

the big risk to me would seem to be the current removal of global liqudity injections by central banks which has been the underlying 'invisible hand' driving market leader valuations up - forecast to go net negative late this year

RHC chartwise looks exceptionally prone to the kind of action we;ve seen in the US semi conductor stocks recently - effectively in a topping out pattern with big volatile moves within a large range forming the 'right hand shoulder' prior to what you;d expect would be a later capitulation event

ive no position in the stock and only mention in case it may help people consider the full array of factors influencing rhc sp outlook

hopefully i am wrong. but that chart fills me with caution. small upside vs large downside risk