Situation excellent
We like and admire Garvis Snook, Rok’s chief executive. He’s built a £1bn business; he stands out from the crowd; he’s been guest of honour at a Credo breakfast - what’s not to like?
To these credits, add this latest pugnacious response to the crystallisation of a £l;15m trading loss and closure costs at Rok’s development arm.
“Rok will use funds from the closure of its property business to make acquisitions” [Unattributed briefing, FT]
It brings to mind Marshal Foch, the WWI general:
“My centre is giving way, my right is in retreat; situation excellent. I shall attack”
And it’s worth remembering that, after a scrape or two, Foch won.
