Good news4 Dec 2014 10:04
Very positive for holders of RHL. Jackson steps down (his time had come) Renewed banking facilities (not renegotiated) and a far more realistic order book. After endless restructuring, exceptional charges and write downs it's entirely credible to believe the business is on a sounder footing.
Was very close to curtains for Redhall, if they hadn't have got the 7 million placing away earlier this year I think it would have been game over. With a new Chairman and as close to a clean slate as possible, this could be the start of a proper recovery.