Rekeep - The Italian drivers

We have revisited our Rekeep model and delved further into the segmental data that Rekeep provides. This enables us to make some additional observations, including the differences between the international Facility Management business and the traditional/Italian segment. The numbers are slightly complicated because of the subdivision of the energy segment, which has just commenced. Despite this, the data provides additional insight into the Rekeep business, further supporting our investment decision.

Commercial activity and positive cash flow are the perennial focus for Rekeep investors. We concur, but we find additional moving parts that further influence our investment decision.