Royal Doulton: NAV 62p/share, current price 12.5p/share

And just to point out that I was in a similar scenario
with etq in the spring of last year and their price was
3p and they were in the process of resturcturing and people
had their doubts then and now the price is around 17p having
been up to 29p from a low of 2p this year.
Yes it's a different business but they are both the same in that
they have turnaround potential and with sound cost cutting measures
in place they can survive and return to profitability.
You have to take the chance, you get it wrong and you may lose your
whole investment or 100%, get it right and bingo....you make many times
over your investment, buying etq near the bottom would have resulted
in a 1000% increase at some stage recently....can rdn do the same ???
It will take time that is for sure !!!

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