RE: Rerating20 Jan 2026 15:44
Hi Rev, the reason for the 'low p/e' is the general view that with the decline of print their revenues will disappear. So, to use a phrase employed by a well known commentator, RCH could be viewed as a 'melting iceberg'. If this is correct, then the next question is 'how fast is it melting'. And that's the main point on which buyers and sellers disagree. With a high yield and the possibility of an even higher yield from the full payment of pension deficits that happens next year, then I am tentatively with the buyers.
Hope this makes sense.