Are you like me being driven mad by these idiot adverts of outsurance? Makes you wonder what they will do for a follow- up. I am reasonably sure their cherry picking will be long term expensive.
But that is not the reason for this ramble on RMIH , its more about the concern I have about the pot of money that OST is encouraging this lot to spend( CAN ANY good come out of SAFFERS with money to spend elsewhere?) - in their report today. RMIH has moved sideways
for years with the speed of a stunned slug mostly. Is there any future in this holding... why am I so doubtful? Give the money back to shareholdersI say!
I should be fair - OST are talking about them paying back debt - not buying new stuff with the 2bn. But what I should have also expressed concern over is the relatively high cost of the holding company structure expressed as a percentage of earnings...