RAB Capital Share Discussion Threads

[qalbabbass] 08/3/2010 11:28

Share buy back at RSS worth £3.5m (15% of issued share capital). Hope it has an effect on the RAB share price!

[the_owl] 03/3/2010 10:11

4.35m sale of FOGL stake at c£1.40 will provide bit of extra cash. FOGL at c60p this time last year. RAB steady in 15-20p range.

[the_owl] 24/2/2010 12:41

ps one further important thought I'd missed completely ... writedowns (of delayed investor asset sales) will reduce as a result of above, thereby increasing notional value of fund.

IMHO, don't think RAB would be taking this auction step unless very confident they have takers (prior media/articles would seem to indicate they do).

[the_owl] 24/2/2010 12:07

Auction 8 March will (IMHO) remove downward pressure from SS & other investors. Knock-on effect should be floor on RAB price as longer term solvent insti interest picks up any remaining stressed investor stakes.

Not sure if any of this answers question re next move in share price though?

It might as confidence may return without limiting factor of forced sales bearing down, while also adding usual performance & management fee income from larger more significant players. In theory should all augur well - we'll see.

All IMHO, DYOR etc

Owl

[guru11] 22/2/2010 12:11

Share price appears to be a bit more steady of late.
However where do we go from here. I did think that with the dividend yield that this would hold the price up and even increase the price, but are we looking at a future flat share price, or is there any good news to come on the horizon?

[martincc] 11/2/2010 16:00

more lively today

[jonnym] 10/2/2010 16:11

They have publicly stated that they want to return cash to shareholders so cutting the divi would be somewhat contrary. Assuming that RAB is not suffering continuing redemptions and that the divi is maintained then this gives a double figure yield at this price.

[guru11] 10/2/2010 12:28

So what are the prospects - share price rise ?? - divi payment ?

[empirestate] 06/2/2010 19:55

am getting a tad tired of this

[qalbabbass] 18/1/2010 13:07

Unusually high volume today.

[quepassa] 11/1/2010 13:34

Thinking further about The Times article, all I can say is that Miles Costello who wrote the article is in my experience very accurate and on the mark in his financial reporting.

It looks/reads like he had a one-on-one interview or conversation with the CEO of RAB and this adds a lot more colour and flavour in my view to the 8th. January Trading Update.

The Times article read in conjunction with the Trading Update makes for very encouraging near-term prospects for RAB in my view.

All IMO. DYOR.

QP

[chrisgail] 11/1/2010 12:24

Having held back from buying to be sure that there were no nasty surprises in the results, I'm back in, I think the corner has been turned!

[cbgb] 10/1/2010 14:22

Thanks QP, holding for the time being

[quepassa] 10/1/2010 13:52

Very upbeat article by reporter Miles Costello in The Times on 9th January, headed:-

"RAB Capital looks up as managed funds increase."

The article includes quotations from an interview with Stephen Couttie, CEO of RAB, who comments amongst other things as follows:-

"Stephen Couttie, the RAB chief executive, said that a lot of the manager's funds were close to regaining their "high-water mark", generating the kind of positive returns that meant RAB could start receiving performance fees again."

On that basis alone, income should in my opinion start burgeoning in the near term.

This is interesting and important reading for all followers of RAB.
Here is the link to the full article:-






My personal view is 95% positive that a dividend will be maintained. The Company recently spoke about the possibility of returning excess capital to shareholders which would seem to support this view.

My view is also that RAB has now indeed turned the corner and that RAB will further benefit from significantly increased investor interest in money-managers including hedge-funds.

All IMO. DYOR.

QP

[the_owl] 09/1/2010 08:36

Clear, concise, stable.

Tough action (e.g. 37% cost dent) in torrid 2009 has & will yield positive results.
Upped inflow will increase fee income - performance merely hinted at for now.

Divi payout 2009 is clearly repeatable in 2010.

March natural time for full summary, & to put future more in sight.

[topvest] 08/1/2010 20:39

Reasonably positive RNS. They will need some performance fees to kick in and more cash to flow in to their funds. The funds seem to be holding their own now - a stabilised position. Their strong balance sheet puts them in a good position for recovery.

[makingheaps] 08/1/2010 19:39

SP 19p NAV 21p, so the market expects them to destroy value in the coming months. On the basis that income was £18m and costs £24,7m that could well be right. There is no visibiity of when a return to profit can be expected. Presumably not until all the liquidity issues in the individual funds have been sorted out. Good progress on this but still some way to go. Until they are trading profitably the dividend is just a repayment of the shareholders cash. Do I miss something?

[cbgb] 08/1/2010 09:19

Looks likely the dividend will be maintained?

[empirestate] 08/1/2010 07:31

looks pretty good in terms of road to recovery

[qalbabbass] 07/1/2010 14:23

High volume but no movement. Will it tick up just before close?

[quepassa] 05/1/2010 09:09

Friday 8th January is Trading Update day.

The very positive market movements last year across nearly all sectors, especially equities and commodities should, as reported in the press, be exceptionally good news for the hedge fund industry.

Always encouraging to see upwards movement/spike in share price ahead of a scheduled trading Update.

All IMO. DYOR.

QP

[swiss paul] 24/12/2009 10:56

so who put in RAB on the fool competition?

[jonnym] 22/12/2009 20:39

Lets hope they have learnt their lessons this time around.