RE: 1M shares purchase21 Aug 2019 17:46
In 2008, rgfc share price was 2p and finances were tight. A great time to buy. They were never going to go under as they had an exceptional product range and supplied all major retailers and a major retail cake manufacturer. A brilliant performance by an exceptional management team improved the business performance and the share price to 70p. Then Napier Brown was sold and the company was essentially debt free. Then the brilliant Finance Director left as did some of the other more enlightened senior managers. Sad really. Magnificent consultancy fees were paid to deserving Directors, now no longer on the board. A new innovation centre was built and people got fed up with BBC baking programmes. The rest is history. Massive debts, declining performance- look at August’s reports. Back to basics I would say. Renshaw will never disappear. It is well worth a takeover. It takes a concerted effort to take company from the position this one was in in 2014 to where we are today. I can’t profess to be happy with this sad decline.