I've been through the 21 Annual Report and Interim Report and note the profit warning and bank debt. However can't fathom why this company is languishing with market cap of £8m. The brand is worth that alone. Net debt of £20m is quite manageable for a turnover of +£200m. Or am I missing something?
Note that Merril Lynch has taken a position
https://markets.ft.com/data/equities/tearsheet/profile?s=RKH:LSE
Mordaunt sets out priorities: 'Restoring standards and trust'
Setting out her stall, Penny Mordaunt begins by recalling growing up in Portsmouth and as a child watching the Task Force set sail for the Falklands in 1982. Mordaunt says the party needs to return to those old values of "duty, service and sacrifice".
She says the Conservatives' greatest failings have been when they've come adrift of those values and "lost a sense of self". She wants a return to low tax, a small state and personal responsibility.
Mordaunt speaks of the country facing "serious challenges" - from the war in Ukraine to staving off recession. She says her prime objective is to restore standards and trust.
With Boris gone (kind of), how is this going to impact RKH?
Jon Wood of Aedos Advisors is one on the conseratives biggest donors and to Boris's Vote Leave campaign.
Hopefully Ben Wallace, who is begging for additional defence spending, will be keen to see the FI protected and producing oil to support energy security.