U.S. investment exceeds U.S. savings, and the United States runs a
trade deficit that is by definition equal to the
gap between investment and savings.1 It also runs a capital account surplus equal to the
gap because this is the amount of net foreign capital inflow that bridges the
gap, and the
trade account and the capital account for any country must always
balance to zero.
All things considered, an acquisition would simply be empire building... And with Rasmala
trading for a mere 28p on the pound, its own shares are the best value - enhancing acquisition opportunity available... the board needs to live up to its responsibilities here & seek to address such a huge value
gap, by exercising the recently approved buyback authorisation as soon as possible & by also proposing another tender offer (the
balance sheet clearly has the liquidity to fund it).