RECM & Calibre: Worth a flutter
RAC’s current price looks tempting, but finding enough willing sellers in the open market might not be that easy
25 August 2022 - 08:00
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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