We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rcg Holdings | RCG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.625 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.625 | 1.625 |
| Top Posts |
|---|
Posted at 22/7/2013 08:35 by riskybiznizz Be VERY quick. Battered share price expected to rebound hard throughout this week...19 July 2013 FRONTIER MINING LTD (�Frontier Publication of Expert Independent Report Frontier Mining (AIM:FML), the AIM listed exploration, development and production company focused on Kazakhstan, announces the publication of an Independent Expert Report, by Wardell Armstrong International, entitled �Review and Preliminary Valuation of Baitimir Project Located within the Naimanjal License Territory NE Kazakhstan, dated 16 July 2013.� Wardell Armstrong International (WAI) is an independent engineering and environmental Consultancy, which has provided the mineral industry with specialised geological, mining, and processing expertise since 1987. WAI was commissioned by Frontier to prepare a scoping report to include a preliminary financial evaluation, based on data provided by Frontier up to 25 December 2012, of the Baitimir project. The project is located within the Naimanjal license, and is comprised of the Baitimir, Yubileiny and Beschoku copper deposits. This report documents the geological block preliminary modelling and mineral resource as at October 2012, and is a non JORC (2004) compliant desktop report. The results of the financial modelling show that, when applying various discount rates between 8% and 20% the model produces Post Tax Net Present Values of US$17 million and US$67 million respectively based on income from the recovery of copper, silver, gold, magnetite and molybdenum. The internal rate of return (IRR) for the Baitemir and Beschoku projects are approximately 40% with a payback period outlined in the report of 2.73 years. Wardell Armstrong estimates that the cash operating costs over the life of mine are approximately US$10.01 per ton of oxide ore processed and US$19.79 per ton of sulphide ore. DCF Model Results (Before Funding and Debt Service): NPV@ Discount Rate 8% USD$m 67 NPV(Base Case) @ Discount Rate 10% USD$m 53 NPV @ Discount Rate 15% USD$m 30 NPV@ Discount Rate 20% USD$m 17 IRR % 40% The review and preliminary valuation support Frontier Mining�s view that Baitimir is an attractive project with robust economics. Frontier will keep all options open as to the optimal development strategy for the Baitimir whether that be from its own resources, through joint venture or through the sale of the project to a third party. A full copy of the report can be found on Frontier�s website: www.frontiermining.c Frontier Mining Ltd Yerlan Minavar +44 (0) 20 7898 9019 Libertas Capital (NOMAD) Sandy Jamieson +44 (0) 20 3697 9495 RFC Ambrian (Broker) John Harrison Richard Morrison +44 (0) 20 3440 6800 Walbrook PR Walbrook IR Lianne Cawthorne (Media Enquiries) Paul Cornelius (Investor Enquiries) +44 |
Posted at 07/7/2013 17:58 by melton john Rcg is still pants.hxxp://www.rcg.tv/en |
Posted at 13/3/2013 09:18 by mister md " revenues.. decreased significantly... margin pressure ... lower selling prices ... increased competition, rising cost of sales. higher negative gross margin.. reviewing the level of impairment provisions against the carrying value of trade receivables and stocks. ... a net loss position for the full year ended 31 December 2012 of the same order of magnitude as the previous year.Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. " just a brief extract from their statement. |
Posted at 11/3/2013 18:32 by melton john Last line of trading update "Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company".Damn right |
Posted at 21/9/2012 09:57 by mister md yes I remember losing money here a few years back ;)RCG Suspended in Hong Kong now. Hope buy trades here are shorts closing and not new investors... |
Posted at 04/7/2012 08:28 by boros10 An incredible decision. It seems the risks warnings given by the Company regarding Vast Base et al at the time when it listed on HKEX have proved an adequate legal defence. It shows that investors must always use their own judgement and cannot rely on the law, on auditors or brokers to protect them. In this case, the expensive acquisitions of shell companies whose "value" relied on questionable relationships between the vendors and end customers should have been the trigger to head for the exit. We know how this disaster started and we know how it ended. The Courts decision means we will probably never know what happened in the intervening period. |
Posted at 23/4/2012 17:42 by glasshalfull To think that I was invested it his crock of sh£? !!!Acquisition of....wait for it...Most Ideas Without looking at the details I reckon there is a pattern emerging with the naming convention of most of their acquisitions; Vast Base, Chance Best, Stong Aim, etc. Next acquisition (if they survive any longer) will be "Nae Luck"(for any remaining shareholders). It amazes me how these are still listed. surely Hong Kong and AIM have had plenty of time to come to the conclusion which most investors came to some years ago, namely that this is all "Smoke and Mirrors"....LOL, I've stumbled across the potential name for a future acquisition ;-) Regards, GHF |
Posted at 02/4/2012 22:34 by boros10 and these acquisition were never reported to shareholders. Why spend their fast reducing cash balances on small stakes in other often unrelated businesses. Just another opportunity to strip more cash out of the Company. and the first mention of the disposals of Vast Base and Best Chance. Those two acquisitions of shell companies costs investors ove £100m. |
Posted at 16/1/2012 13:53 by boros10 I reckon they will all get away with it. No twenty year stretches just stretching out on the deck chair enjoying all the money defrauded from shareholders.RCG shareholders are not alone in being ripped off. Take a look at Carson Blocks website. He has done great work in exposing US listed Chinese frauds. Reading his latest expose about Focus Media Holdings reminds me how the same techniques are used again and again. Dodgy acquisitions of shell companies, massive goodwill write-offs, buying "sales" using cash channelled out of the business and the eventual disposal of these dirty acquisitions for nominal consideration putting the records beyond the auditors. What I find most annoying is how "reputable" advisers in the UK and US have been willing to "help" these companies achieve this illegal transfer of wealth. Not actively helping of course, but simply turning a blind eye. These Sell Side lackies need to be better regulated and take more responsbility. Auditors and Nomads should be legally required to issue a statement explaining the reasons should they resign or be fired. They should have a duty of care to investors if they fail to report evidence of fraud. Replacement Nomads and Advisers should be required to undertake "shareholder fraud" focussed due diligence before accepting any appointment including the extensive questioning of previous advisers. Fortunately, I managed to side step the RCG disaster selling at a small profit once I became suspicious of managements actions. The biggest clue was the failure of the Company to match operating profit to operating cashflow over a five year period (only around 10% of profit converted into cash) and the rising level of trade debtors. This prompted me to investigate the Best Chance, Vast Base and A1 deals. Appalled by what I found I sold out and then shorted the stock down from the 60s to the low 20s. I really admire what Carson Block has done in the US on a much bigger scale. His actions have been a catalyst for the market to revalue these businesses. I am sure some good companies have got caught in the crossfire but the ultimate blame must lie with the fraudsters who have done untold damage to the credibility of Chinese companies. |
Posted at 15/6/2011 14:01 by leighbarton Willie, those were the days when one bought into the story and the shares at 7p, saw them climb all the way to 150p only to falter and then slowly with a few reverses come all the way down but with an unbelievable amount of dilution in the meantime.The clue that something was amiss was in the fact they never generated any cash in spite of stellar results, and consistently came back to the market for more. The increasingly bizarre acquisition structures is what finally and belatedly made me exit, although interestingly I actually ended up in profit (but not nearly as much had the light dawned earlier!). Also interesting the fact that Chu was very willing to meet with Private investors and was very convincing - as an investor one should be wary of such contacts especially if in spite of the 'story' they are making no inroads with institutional investors. Plenty enough warning signals but also enough there for those that chose to turn a blind eye. Someone should write up a case study on this as a lesson for investors interested in the AIM market as to what to be wary of and what to look out for. For those that use this to beat up on China shares I would simply point to Langbar (never invested) or TAN (where I lost a lot) to indicate that the risks of AIM are not restricted to Chinese companies alone. I am alot more circumspect in my investments these days! |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
