Have a look at the cash flow from operations statements for both companies, RDH negative without including Jobkeeper, UCW despite a smaller amount of revenue is still cash flow positive.
To me that indicates better financial management by UCW. Also much more skin in the game director ownership in UCW.
It seems the takeover was being pushed by some institutions who had holdings in both companies and could see the benefits of a merger and preferred UCW management to run the combined entity.
I hold shares in both and will be interested to see how this plays out.
Have a look at the cash flow from operations statements for both...
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