RHC was one of the markets best performers yesterday rallying almost 8% following a strong 1st half result aided by strong cost cutting across Europe and the UK, we feel this puts the business in a strong position for the new post COVID environment. A great indication of the board’s confidence moving forward was the resumption of their dividend, we feel RHC has turned the corner and can see ~15% upside medium-term.
MM is bullish RHC.
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