This dog is starting to level out and a track new investors. New MD getting her feety under the desk and clean up the mess from the previous MD who seemed to be a shocker TBH. Clean up and simplify RHC incoming write-downs etc all part of the cycle.
This is the exciting part of the cycle for me, clean the decks make things look as bad as they can on the old management and aim the target forward with a new plan and watch the private equity come in, AGL, IFL to name a few in previous years i see similar here with RHC.....
RHC is a key part of Australia and it seems they get back to the original roots and sell off European operations pay down debt and get back to basics is in order. Net assets is significant we know that, the business is generating free cashflow and has assets noncore to be sold off. Let the games begin
RHC Price at posting:
$34.38 Sentiment: Buy Disclosure: Held
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