Range Cooker Share Discussion Threads

[bluetooth] 19/4/2002 00:29

James8 - Thanks. My instinct is to hold for the next set of results and the great div. but I am getting a bit twitchy - I hate to loose a profit.

[james8] 18/4/2002 15:01

oniabsta,
Thanks for that. Feel a bit reassured!

[oniabsta] 18/4/2002 14:55

Spoke to Ritchard Buckley RCC's operations director about 10 mins ago. He said he wasn't privvy to what is happening about the bid, as far as he is aware there is nothing on the table. Said he would bring my concerns (ie.lack of info etc.)to the board when it convenes next wednesday. He seemed generally upbeat about the company's current trading.

[rhaxby] 18/4/2002 14:38

James8,
Like you I have a holding bought at just below 16.
I wish the co would annouce something, but at the moment think that there is practically no downside to holding - as long as the price is below 20 the bid, if successful, gives that much and if it fails the shares are undervalued (heading for 25 when the bid was announced). Only risk I can see is if bid is unsettled by next results, and dividend is massively cut - but don't think this is a very likely scenario. IMHO.
Richard

[james8] 18/4/2002 13:54

bluetooth,
I'm also twitchy. Always planned to keep for long term but with take-over talk etc -who knows.
I've got quite a few, bt. at an av. of 15.5p and don't like to see my profits disappear.
I emailed RCC. But no reply yet- can't say I'm too surprised!

[james8] 16/4/2002 21:17

bluetooth,

I've been wondering exactly the same.
No idea about TW's list.
I thought I'd email RCC and ask whether the talks are progressing and any reason for share price slide.
My gut reaction is that it's on low volume, some people have got impatient and then more follow- but it is worrying.
I'll let you know how I get on.

[bluetooth] 16/4/2002 18:46

Looking a bit sick over the last few weeks - relatively heavy selling today. Is it just that the takeover talks appear to have come to nothing or is it more serious? Prior to the announcement of the the talks, the price was heading towards 30p. Is this still on TW's buy list?

[james8] 10/4/2002 16:31

Can anyone make an educated guess how long before we can expect to hear whether bid approach is leading to anything.
TIA

[james8] 14/3/2002 14:36

I think that the record order book and benefits from the Waterford Stanley joint venture coming thru make the future look v positive

[rcturner2] 14/3/2002 14:03

What i think folks is that the CEO knows the growth is at an end. Thats why the divi is so huge to keep the share price up.

Thats why I ran for the door as soon as I saw the results. 2% growth in earnings. Thats virtually standing still net inflation. No thanks.

[leslas] 04/3/2002 13:54

they are up 2p ??

[shaggy666] 02/3/2002 09:52

wouldnt be so bad if they offered us all a free cooker to keep the wives happy.
dream on shaggy :)

[james8] 28/2/2002 10:24

What that he wants to retire or some dark motive?

Any ideas?

[argy2] 28/2/2002 10:21

Nigel Wray also hinted that if CEO was prepared to accept 20p plus divi that there may be a good reason.

[james8] 28/2/2002 10:12

Nigel Wray (Professional investor and RCC shareholder) is also unhappy with the measly 20p offer talked about. Hope he can use his influence and shareholder muscle to improve it!

[shaggy666] 18/2/2002 17:38

Had an email back from the FSA, they said they are going to look into the matter about the latest RNS. I stated that the deal wasn't in the best interest of the shareholders as the company is financially sound and see no reason to sell out cheap. Also mentioned the Guardians article which stated that they expected the offer to be around 25p and not 20p, did they know something we didn't???

[rkjones] 18/2/2002 10:07

4000 shares sold at 325p. Is this the deal?

[peladon] 16/2/2002 00:55

"Range Cooker Company PLC
15 February 2002

THE RANGE COOKER COMPANY PLC (' the Company)




The Company has noted the recent increase in its share price and reports that it
is currently in discussions with a party that may or may not lead to an offer
being made for the entire issued share capital of the Company at or around 20p
for each ordinary share. A further announcement will be made as soon as is
appropriate.

ENDS"

[washbrook] 15/2/2002 21:38

On 16.2.99 share price 7.75p Armsrong sold 5mill shares for £600000=12p per share, his only sale.He has 108.12m @20p =£21.62 million. plus dividends of 8.48p = £9.16m not bad in 5 years since first went public in 1997

[bernard_perry] 15/2/2002 20:18

Only bought them 2 days ago - great timing - let's hope it sounds out another bid

[stewjames] 15/2/2002 15:33

shaggy666, a 68% stake is not realisable at market value. It's a selfish price to accept, perhaps, but not an idiotic one. Perhaps he feels he's done enough for the shareholders in the past to justify looking after his own interests. And I'd agree, though obviously a minority like yourself will have been unlucky with the timing.

Besides, the bid isn't in yet. I wouldn't be surprised if it's above 20p (if it does eventually materialise) since it does need more than just his support to succeed.

[shaggy666] 15/2/2002 15:20

Anyway my intention was a long term investment, Like all my shares, just wasnt lucky enough to get in there a few years ago thats all.

[shaggy666] 15/2/2002 15:18

Certainly learnt my lesson there then, and anyone who sells for 17% lower than the market value is certainly an idiot.