Neil Woodford’s Income Focus fund: redemptions still in full flow.....surely this can’t go on much longer
Back in 2014 Tom Winnifrith described AIM-listed (for now) Redhall (RHL) as a zombie company….dead money but that it supported an army of crony capitalists, directors and various City parasites. This morning the shares were suspended pending financial clarification yet although there had been a profit warning on 1 May there had been no indication that the company was at death’s door.
Redhall has been at least an occasional Bulletin Board Hero in the recent past, on the basis at there were brief glimmers of hope that the stock was going to emerge from an extended bear run.
Another day and yet another profits warning from AIM listed specialist engineering group Redhall (RHL). This is a zombie company in that from an investor’s point of view it is just dead money. But it supports an army of crony capitalists, directors and various City parasites.
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