|Rare Earths Global Limited
||ORD USD0.001 (DI)
||EPS - Basic
||Market Cap (m)
|bozzy_s: BP, thanks for post 126. Only just seen it today, as a result of the share price crash. Very informative. I've seen P&D attempts, many times, on these BBs by Topinfo and the likes. But never seen a whole AIM listing used for the same purpose.|
|bubble pricker: london, have you read the AIM IPO prospectus? Revenue in 2011 was £60,000. The proper market cap of this company is about £1m, which equates to a share price of about 1.5p|
|tommyjnewton: Looks like a dead cert for the shorters!
How can this share possibly justify its current valuation. You could buy a whole bunch of proper companies that actually make money with 731 million.
I will accept that though that Amazon has a PE of well over a hundred so this isn't the only completely bonkers share price
This price has been manipulated by holding back most of the stock|
|keya5000: I would look at DFS for an example of a Chinese listed company with a similar share price spike on listing.
Very dubious of this.
But good luck to all in.|
|sscrabble: sscrabble - 24 Jun'08 - 09:12 - 369 of 373 edit
The share price drop over the last couple of days surely is due to a leak of impending disaster - I hate it when the insiders can recoup by insider trading whereas we will lose all.
Do you email the FSA about dealings that were obviously done with inside knowledge, or do you have to write?|
|sscrabble: The share price drop over the last couple of days surely is due to a leak of impending disaster - I hate it when the insiders can recoup by insider trading whereas we will lose all.|
|davius: I have a recollection that a bid sitation can run for six months before the parties have to make an announcement, a 'put up or shut up' scenario. Can anyone confirm?
I took a punt here a while ago but thought there'd be a cheaper re-entry point later so sold out at 16p in March. I just looked in again to see the share price at 6.54p and the entire company worth a mere £7.37m.
If that six month rule applies then there would have to be either a formal offer or a statement that talks had terminated within the next month or so. Too risky for me I think, even at these levels.|
|demandred: Bidders obviously finding it difficult to raise the £1 per share price that REG are asking!! lol|
|sscrabble: RNS Number : 0597W
Regent Inns PLC
05 June 2008
5 June 2008
Regent Inns plc
The Board of Regent Inns plc ('Regent Inns' or the 'Company') notes the recent fall in the Company's share price.
Regent Inns confirms that it is continues to be in discussions that may or may not lead to an offer for the entire issued share capital of the Company. However, due to global credit conditions and the difficulties in obtaining the necessary financing these discussions are taking longer than anticipated.
Further announcements will be made on the progress of these discussions as appropriate.|
|themariner: We're now back in 2005 territory, when banking covenants were breached and the management were sacked. Looks like £6m is the max they expect to make in the current year too. Hate to say it, but I've been preaching a fairly bearish message on this stock for years! The only reason the share price came back from the 30p level in 2005 was because the new management brought credibility and some hope.
Remember that there's been bid talk on REG many times and no one has taken the plunge.
It's bound to bounce a bit from this level, and I've seen references to them "looking for a buyer" now. They have nearly 100 outlets, you can't say you could now buy them all for an average of around £300,000 a pop. If that's the case, I'd take quite a few as I'm in the trade and I think that's a bargain!
I'm fairly convinced that this the usual over reaction. The whole sector is now out of favour, but I think I'm confident in my calling of the bottom a week or two ago, when we were in the 40's. It's break-up value I'd say would be £15 to £25m for Jongleurs/Risa, £30 to £40m for Walkabout, and perhaps £10 to £15m for Old Orleans (yes, they probably did over pay for it). Total £55m (pessimistic) to £80m (optimistic). This implies a share price of 50p to 70p.
I'm getting in now. The balance of risk has turned. They won't go bust and the valuation is compelling, both as a short term trade and also as a possible value proposition - they're on a PE of 4.2 even is their EPS falls to 6p in the current year.|
Rare Earths share price data is direct from the London Stock Exchange