New-look RECM & Calibre (RAC) appears to be worth a flutter now that its investment focus has been narrowed down to a single big bet on alternative gaming group Goldrush.

Listed in 2010, RAC has enjoyed great success — most notably cashing in its unlisted and indirect stake in health retailer Dis-Chem — but has also endured some disasters, including an ill-fated charge into Distribution & Warehousing Network  and a brief flirtation with specialist retailer CNA...

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