||EPS - Basic
||Market Cap (m)
Real-Time news about Radicle Proj. (London Stock Exchange): 0 recent articles
|topvest: Share price dropped another 10p or so over the last week or two. I suspect Radicle Timber will be difficult to get away. Russian Timber has yet to float as well. These sort of investments appear to have gone past their best, for now anyway.|
|orado: Solid results - now they have to make REGULAR positive announcements to get the share price up to where it should be.
We shall have to wait and see!!!!!!!!|
|tyranosaurus: Most of the shares were sold by QPFL.
338,000 shares issued at 68p to the Tchenguiz brothers appears to be a private placing to raise money for RDP. It is probably the cheapest way to raise money.
What I don`t like is the 150,000 shares being issued by the company at 68p to meet market demand. Where is this demand ? The share price has not moved for a month.
Looks like someone wanted shares on the cheap and contacted the company rather than try to buy on the market (at a higher price).
There should be a lock in period for these shares, otherwise the price will fall when they try to offload them.|
|marky4: RDP was also mentioned in Geoff Foster's market review in the Daily Mail as "one to watch". It referred to RDP as a finance company not an agribusiness though.
Looking through the RNS I'm a bit confused, I don't really understand how they can release shares to market at a price of 68p when the share price is at 81p! Do the market makers get the difference or does some preferential bidder get shares on the cheap?
All in all I'm a bit confused by the last RNS, can anybody enlighten me? I've only ever heard of The Tchenguiz brothers through their property development business and I can't see the link between them and this company.|
|krsgr: An interesting point made by TW in his interview with Radicle was that of NAV. It was inferred that a NAV of 110p to 115p may not be far off the mark.
Deals like the one above can only help NAV.
"In addition Radicle, in conjunction with SAITeysMcMahon, will acquire the infrastructure and land assets of TGGA through the Radicle AgriAssets Trust (the "Radicle Trust"), a separate newly formed trust. Radicle's total cash investment will be approximately A$21.1m (£9.1m)."...and..." In the year to 30 June 2005 TGGA generated revenues of A$14.8m (£6.4m). The value of the assets to be acquired by Radicle Trust is A$50.9m (£21.8m)."
Note. I am assuming that RDP has a 50% share of the £21.8m value of assets
So current share price is showing a likely 30% discount to NAV, a possible forward PE of 6 to 7 and a projected yield of 8%. Looks very cheap hence I picked up a few yesterday at 82p and 83p.|
Radicle Projects share price data is direct from the London Stock Exchange