Forum Topics RDY RDY Capital raise and potential acquisition
Bubbagump
Added 6 years ago

Was wondering if anyone had any thoughts on the recent capital raising and potential aquisition for RDY? I feel like there is a lot of uncertainty around the aquisition and I question if the capital raise was necessary considering recent profits. Thanks in advance for any responses. (RDY is a significant portion of my portfolio)

5

Bear77
Added 6 years ago

Snap! So am I Storge. Well worth the small fee too. I believe "Rich Life" membership is on an invitation-only basis, but I got an invite within 6 weeks of registering my interest, so perhaps I got lucky. If anybody hasn't seen Claude before - he's a regular panel guest expert on Ausbiz's "The Call" - and is usually on about once a fortnight - last appearance was on October 30th - see here: https://www.ausbiz.com.au/media/the-call-friday-30-october?videoId=5210 That show begins with a discussion about EROAD (ASX:ERD) and is well worth watching. Claude also of course used to head up Motley Fool Australia's "Hidden Gems" service and had an impressive record during his tenure there - despite the one-recomendation-per-month timeline not really suiting his style in my opinion (eh, Andrew!?). He's an ethical investor, a deep thinker, and a small cap guru in my opinion. I don't hold many of the same companies that he does, but I read everything he writes, and I always learn from it.

11