Rtc Group

It makes general elections look easy.

Look at what happened at RTC Group.

In my opinion, this is a recruitment and conference business with very little moat.

A top recruiter can up sticks and start a rival firm tomorrow with little more than a mobile phone.

Activism in the small-cap market is a brutal, exhausting and often thankless campaign.

The structural deck is heavily stacked in favour of the status quo.

But as the governance battles at companies like RTC Group show, the incumbents only remain secure as long as the owners choose to remain passive.

If you decide to step onto the battlefield, do not go in half-hearted.