RAB Capital Share Discussion Threads

[icf absolute] 11/5/2011 21:48

spivs, nothing less

[icf absolute] 11/5/2011 20:09

So F430, its well and truly over! where art thou?

i said all along this bucket shop was run by a bunch of spivs, they wouldnt know how to run a real hedge strategy in the slightest. RIP RAB

[juju43] 11/5/2011 19:55

has this anything to do with Rabobank

[evaluate] 11/5/2011 19:28

Adam,

I did the same - seemed a better option than the death by a thousand cuts it's enduring.

Glad to be rid of the dog tbh.

[rorrystraus] 11/5/2011 19:09

You can be certain off one thing though, after they have finished buying the company back with shareholders money it will start to turn a decent profit.

[adam] 11/5/2011 19:07

Must admit I ditched my modest stake as it is difficult to see how a pre-delisting cash offer for shares will be generous, or that anyone would want to remain in when it is private. Not all these discount to TNAV investments work out and many turn out to be value traps, as EJ pointed out.

[edmondj] 11/5/2011 12:07

There's the additional problem for shareholders (not that I am one here) in nominee accounts, that once the shares are no longer in the Crest system then it may be physically impossible to shift them in future. Best get this clear with one's broker or get shot of them. Have had this headache previously, trying to crystallise a tax loss.

[rorrystraus] 11/5/2011 11:45

God botherers tend to be without exception the most corrupt on earth.
It,s a guilt thing.

[quepassa] 11/5/2011 10:22

Agreed.

Share-holders will likely get screwed.

Possible drip, drip, drip of bad corporate news will take share price much lower.

Management will ultimately walk away in my view with company and cash pile for a song.

Any cash return to shareholders will be de minimus in my opinion.

All IMO. DYOR.

QP

[woozle1] 11/5/2011 10:15

I feel I've just been stiffed! Bought in at 12p and have sold out for 7p. This will be delisted and small shareholders will be rogered. Any real liquidity will be provided to the management team.

The ultimate irony: we been Northern Rocked! I should have seen this coming but may be I thought these guys may some integrity after their claims of shoddy treatment for shareholders in the Rock. In reality they are a bunch of hypocrites.
As are more religious people!

W

[edmondj] 11/5/2011 09:32

They will need cash in support of ongoing restructuring though, and what looks like ongoing losses as a private company.

[chrisgail] 11/5/2011 09:26

I've taken my loss and moved on. I have had several profitable forays in and out of RAB but not this time. I am sure there will be share price volatility that some will be able to trade profitably, but not for me.

Good luck to all who hold I hope you do get treated fairly by the Company.

[hugepants] 11/5/2011 09:19

They could return 5p+ to shareholders. They had 8.5p cash per share at last balance sheet date.

[jmillskeel] 11/5/2011 08:19

What goes around comes around, what a fall from grace imho of course...

[rorrystraus] 11/5/2011 08:19

Market has spoken, or rather screamed from the rooftops.
Bid 6.76 offer 7

[edmondj] 11/5/2011 07:59

I wasn't aware of Jim Rogers being a religious fanatic though, he has held tightly to a commodities-driven strategy too.

It has been possible to continue making exceptional returns in commodities oriented companies, admittedly with strong stock selection skills.

Somewhere along the way, RAB's execution seems to have gone awry but the notion of the commodities supercycle continues to be supported - e.g. British Gas hinting at big price rises next winter, 25% rise in wholesale prices.

[chrisgail] 11/5/2011 07:56

Directors own 53% they could buy the rest of us out for say £25Million leaving the company with enough cash to restructure and move forward. That said I think 6p is on its way, we will know in 3 minutes.

[rorrystraus] 11/5/2011 07:52

Never trust these religeous fanatics they have a one track mind and live in a blinkered world.They dont change course, their opinions are their opinions and they hold them tightly like they are a matter of life and death never changing them in the light of any contrary information.
The last thing you want in a fund manager.

[edmondj] 11/5/2011 07:51

They may have a chance to offer cheaper than average buyback prices!

[rorrystraus] 11/5/2011 07:46

Could be but you dont release an RNS like that and expect anything other than a large drop in share price
What is also a great concern is that RAB have been consistently buying back it,s shares for well over 2/3 years using shareholders money to do so.
For what aim ?
To make it cheaper when the time comes for them to go private thats what.
Scam.
In my opinion.

[edmondj] 11/5/2011 07:46

Aproximate £20m annual losses to consider though; and what are/will be, current valuations on circa £40m "available for sale financial assets" now RAB is signalling itself a seller?

Quite a self-reinforcing downward spiral, as redemptions (near 80% for Special Sits) affect the underlying financial strength of the operation which further reduces investors' interest in the funds. A battle for survival.

[resource invest] 11/5/2011 07:43

What about net current assets of 82m at year end. If the distribute will there not be a large premium over the current market cap??? Am I reading this wrong??

[rorrystraus] 11/5/2011 07:38

Shouldnt have bothered bud , it,s over for Rab .......Delisting.