Interim Results 11/11/20204 Nov 2020 15:54
Hi all,
What are peoples thoughts on next weeks results?
I believe RNO have a lot to be optimistic for and are arguably in their most promising position for over 12 months. They have reduced the debt, the order book has improved even with COVID, and they have completed a organisational restructuring which will make them more efficient and in a stronger position to capitalise as the vaccine is distributed. Furthermore, they have continued implementing their major IT Business Systems in the US showing they have the money to invest and further streamline their business, making them more appealing to investors/acquisitions further down the line. They would not be implementing these business systems if they were not in a stable position.
This is a good business, well managed, with good product diversification that has recovered from recent struggles. I believe they are only on the way up and this price is highly attractive. In fact, I am very surprised the price is this low, maybe again because of COVID and the fact it's a smaller cap company!
Am I missing anything ? Thoughts more than welcome.