SOME SE­RI­OUS FIX­ING NEEDED

Finweek English Edition - - INVESTMENT -

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.

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