New report out by MST Access on RAC, apologies if already posted but couldn’t find anything in search.
Dropped about 25th September & MST post on LinkedIn had a whole 7 likes, mostly MOF & MST team. Came up on my feed as Phil Lynch had liked the post.
$5.29 valuation based on strategic review update outcome. Written before the manufacturing update of 3kg+ of Bisantrene so would be interested to see if that changes the view. In the risk section I’d also add ability for management to deliver, which no matter how good any company product is is always a factor. Hopefully with recent upheaval behind RAC can really get back to progress leading to news leading to shareholders not being massively in the red.
Sorry HC wouldn’t let me upload a PDF from iPhone and don’t have a link for it right now, if someone wants to add would be great.
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