RE: Re : Four Christmas in one year24 Nov 2020 13:55
Magog. I worked for Schofield at that time. I agree with what you are saying but I do think that he was unlucky to buy RHM just before the 2008 crash. At the time it was fashionable to carry high debts. I bet in retrospect he wished he had financed it with a rights issue (Pfd SP was around £3 back then), like he did with the Campbell’s acquisition. Hindsight is a wonderful thing though !!