SOME SERIOUS FIXING NEEDED
Southern Ocean results show a further impairment of Radiant Lightning, and with ARB Holdings still sitting on a pile of cash and with Eurolux doing very well, could ARB make a bid for Radiant? I think not, aside from competition commission issues, why buy the faltering competitor when you’re winning market share f rom t hem anyway? The short answer is that you don’t, so what does Southern Ocean do with Radiant? So assuming that it continues to hold, Southern Ocean needs to get some serious f ixing done at Radiant.