RAB Capital Share Discussion Threads

[jonnym] 25/8/2010 12:22

Looks like the mgt are underwriting this at 12.5p. A prelude to a bid to take it private perhaps or merely sensible arithmetic to increase assets per share?

[the_owl] 05/8/2010 22:24

ICF I have to diagree. Profile Citi Grp execs dont join bucket shops, or Ponzys! Its a clear recovery play. 1.1p drop in NAV since Dec 09 is surviveable & tolerable short-term hit.

Either they attract new clients and/or grow AUM, or funds/assets will be bought out. Pillar 3 Basel cash disclosures look fine to me. Worth cautious punt & one of stronger AIM stocks for 1-2+ year horizon in my view.

Sure go for EMG if you want main market volatility, and have time to determine/watch international events. I'm too busy, so happy to build small RAB position instead..

[the_owl] 05/8/2010 14:31

Fund section main RAB site worth a look for post interim climb in NAV after 30/6.

[the_owl] 05/8/2010 14:22

SD - not necessarily on AIM unless a) their communication is good and b) they can deliver or demdisablede in their communications performance similar to the other finance institutions. Caution is needed!

I think we need to see a few large share purchase(s) & cancellation(s) of over 1m shares. Agreed its good to see the recent interest though.

BTW encouraging to see all their fund values growing again as Europe markets hit 3 month highs, and commods rise. Be surprised if we're not back at least to NAV by year end.

[solardave] 03/8/2010 14:56

This looks hot to me; Directors Buying and a share buyback; must be good.

[cbgb] 03/8/2010 14:40

£12k is not exactly nailing your colours to the mast though eh?

[seconduser] 02/8/2010 11:35

Directors buying plus share buyback seems to indicate they think it's too cheap. We'll see.

[the_owl] 30/7/2010 16:09

Here we go ...No surprise & no doubt more shortly.



TIDMRAB

RNS Number : 2069Q
RAB Capital plc
29 July 2010

?
RAB Capital plc
(the "Company")

Transaction in own shares

The Company announces that, pursuant to the general authority granted by
shareholders of the Company on 4 May 2010 to make market purchases of its own
shares, the Company made market purchases of 100,000 Ordinary shares of GBP0.001
each ("Shares") at an average price of 12.25 pence per share on 29 July 2010, on
a T+3 settlement basis. These shares will be held in treasury.

Following this purchase, the interests of the Directors in the Company as a
percentage of the issued capital will remain as follows:

+----------------------+--------------+-----------------------+
| | Number of | Percentage holding of |
| | Shares | the current total |
| | | voting rights |
+----------------------+--------------+-----------------------+
| Michael Alen-Buckley | 100,059,000 | 21.182% |
+----------------------+--------------+-----------------------+
| Xavier Coirbay | - | 0% |
+----------------------+--------------+-----------------------+
| Stephen Couttie | 2,317,000 | 0.490% |
+----------------------+--------------+-----------------------+
| Christopher de | 16,420,000 | 3.476% |
| Mattos | | |
+----------------------+--------------+-----------------------+
| Charles | - | 0% |
| Kirwan-Taylor | | |
+----------------------+--------------+-----------------------+
| Lord Lamont | 40,000 | 0.008% |
+----------------------+--------------+-----------------------+
| Philip Richards | 132,000,000 | 29.944% |
+----------------------+--------------+-----------------------+
| Derek Riches | 600,000 | 0.127% |
+----------------------+--------------+-----------------------+

Following the above, the Company will hold 32,862,643 Shares in treasury
(including the market purchases detailed above) representing 6.5% of the total
issued share capital. The total number of voting rights in the company is now
472,381,481.

29 July 2010


Enquiries:

+----------------------------------------+---------------------+
| RAB Capital plc | |
+----------------------------------------+---------------------+
| | Tel: [phone] |
| Ian Johnson, Assistant Company | 0962 |
| Secretary | |
| | |
+----------------------------------------+---------------------+
| | |
+----------------------------------------+---------------------+
| Fox-Pitt, Kelton Limited (Nominated | |
| Adviser and Broker) | |
+----------------------------------------+---------------------+
| | |
+----------------------------------------+---------------------+
| Jonny Franklin-Adams | Tel: +44 (0) 20 |
| | 3037 5231 |
+----------------------------------------+---------------------+


This information is provided by RNS
The company news service from the London Stock Exchange
END

[jister1] 30/7/2010 13:30

no problem mate. Thanks

[jister1] 30/7/2010 13:27

thanks mate!

[xavico] 29/7/2010 10:59

the Owl,

I note what you say and ultimately hope the company comes back good. But in the short term, my personal view is that sentiment will drag the share price down. The fact is that the dividend has dropped significantly and the future doesnt look orange. I cannot see it worth investing if the share price hasnt reached its bottom or at least close to that point. It will take some very positive news to change investor sentiment. For the moment I am avoiding this one.

[the_owl] 29/7/2010 09:14

10p looks like next stop, but it could of course drop lower - so goes AIM

[salpara111] 29/7/2010 09:05

Very glad I took a small loss yesterday, looks like the 10p mark is not far off.

[edmondj] 29/7/2010 08:24

The_Owl,

One investor who didn't get involved here at float, warned me the compensation arrangements here were simply too rich for management, the equation wasn't attractive enough for outside investors.

What evidence is there, this may have improved?

Obviously some other 'big picture' issues have hit the shares but I was warned this would end up a loser.

Since you raise the point about the header, this seems relevant to consider if one is thinking of building a meaningful contrarian stake.

[the_owl] 28/7/2010 23:56

ps do we need a new thread? Invisage hasn't posted for a while, and header is looking somewhat dated - just a thought.