The problem with RHG is that they have a loan book and thats...

The problem with RHG is that they have a loan book and thats about it.

As the clients refinance out the value (return) on the loanbook drops.

Unless they have further funds to initiate new loans the book will always decline....especially considering the cost of new money at the moment.

Then the fact most people will avoid going to Rams for a new loan considering its bad name at the moment rightly or wrongly.

However saying all that, their income from the book seems to be quite good and can be used for new loans.

I would need to look into it further before giving you my final word on that stock.

A change of company name would be a good start imo.