RC Fornax (RCF) is a rapid growth and ambitious company that provides a market-disruptive service and product solution to the defence industry. Its recent AIM IPO raised £5.0m to fund its growing commercial base of associates and the development of an AI-based tool that will enhance its product offering and become a significant barrier to competitors. It has ambitious growth targets and has already booked high rates of profitable growth since formation. We initiate coverage with a 61.0p target p ....
