RCL Foods Tarred and feathered
RCL Foods, formerly Rainbow Chicken, who for some years have appeared to be the more organised older brother of the poultry industry, have surprised analysts, and not in a good way, with the issue of a cautionary trading statement ahead of their annual results coming out. Due to expenses associated with their acquisitions of Foodcorp Holdings and TSB Sugar, you see, they are expecting a slight loss rather than the usual profit come results time. Foodcorp, you see, in addition to owning brands such as Ouma rusks, Nola mayonnaise, Yum Yum peanut butter, Bobtail dog food and Pieman’s pies and pastries, also has a fair bit of debt kicking about, and it was this that the analysts had failed to take into account as they rubbed their hands and waited for the usual largesse to flow.
Comment: All of this notwithstanding, and given The Plucky One’s illustrious track record, says to us that now rather than later might be a good time to get into some Rainbow.