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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rasmala | RMA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 135.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 135.00 | 135.00 |
| Top Posts |
|---|
Posted at 06/1/2018 16:49 by rjmahan Directors / HSC3 all tendered... Actually thinking about it you would expect a change.More interesting is now do they have enough cash to buy the whole thing? |
Posted at 23/10/2017 16:13 by papy02 Anyone know which (or any) brokers will allow you to hold RMA stock in the event that the listing moves (exclusively) to Dubai? (Selftrade would not, unless it remained Crest-eligible, which seems unlikely?) |
Posted at 10/8/2017 11:21 by hugepants I think this is a necessary step completed before the tender offer. |
Posted at 12/5/2017 08:10 by skyship RJM - IF they remain on AIM then I would be with you; however you have to admit that it reads as though they are already committed to Dubai - just awaiting final permits.Effectively RMA would be delisted; so a very dangerous play IMO. |
Posted at 28/4/2017 08:28 by hugepants Final results out. Just had a quick look but they seem quite poor with NAV down to 295p and NTAV down to 242p. Most of the tangible assets are cash or marketable securities/financial assets.The good news is they are planning to return cash; "We anticipate shareholder distributions of approximately £20 million in 2017." That's 65p per share. They are also considering the AIM listing. |
Posted at 21/4/2017 10:08 by hugepants any views on this announcement? |
Posted at 11/4/2017 09:40 by russman If RMA updated their shareholders more often; it may get more noticed. |
Posted at 30/1/2017 03:04 by wexboy Rasmala (RMA:LN) (3.0%):Share Price: GBP 110p Market Cap: GBP 33 Million Rasmala was a ghost in 2016…the business made no discernible progress, nor did the shares. Which is all the more frustrating, noting the oil price soared, the AIM Index clocked a 14%+ return, and even (some) deep-value micro-caps rallied significantly. Longer-term, the legacy private equity portfolio remains unsold, AUM is unchanged for over 3 years now, and after 5 years at the helm CEO Zak Hydari is still nowhere close to delivering a sustainable return on equity. Even successful activism – relinquishment of the banking licence, a £20 million tender offer, a share buyback approval (albeit management hasn’t acted on it since) – has been ignored by investors. But it’s priced accordingly: Eliminating the equity stake in Diamondcorp (DCP:LN), which looks touch & go here, RMA trades on a 0.35 Price/Book multiple. For a company which operates near break-even & has a relatively low-risk/un-levered/ Opportunities for a deal with another Somers portfolio holding might appear limited (though Bermuda Commercial Bank could perhaps approach Rasmala as a potential balance sheet transaction/expansio For this & other top picks, check/Google my latest 'Top Trumps For 2017...' post on the Wexboy investment blog. |
Posted at 05/1/2017 20:18 by hugepants Some comment on Rasmala from blogger Wexboy.Rasmala (RMA:LN): (1)% Loss, (0.1)% Portfolio Return. The loss is immaterial, but the +14.3% AIM Index gain’s a reminder of the opportunity cost here. Rasmala’s problem has been a negligent return on equity (RoE), with little chance an over-capitalised balance sheet would yield a decent RoE (even if the original operating/AUM targets were met). I also assumed an oil bear market (in the last few years) was irrelevant, as shariah fund management appeared to be a secular growth story, but with the operational disappointments here that became yet another negative influence on a neglected stock. Noting the fundamentals (NAV & AUM essentially unchanged for 3 years now), I assumed a 0.6-0.8 P/B trading range, which was clearly wrong…I never anticipated a 0.2-0.4 P/B range as a new normal here. A major corporate event (takeover, or liquidation) is inevitably required to realise shareholder value, so time remains the enemy… I think that's fair comment although worth notng the company has returned a significant amount of cash in 2015 at 280 per share. They also said the shares are "materially undervalued" so they have at least tried to close the discount. One of the problems with RMA is the spread. Ask price is 105p and the sell price appears to be 95.25p. Anyone buying this is immediately sitting on a 10% paper loss. |
Posted at 11/12/2016 23:41 by hugepants Oil starting to encroach on $60. RMA is not an obvious play on oil but given the Middle East economies are so dependent on the stuff this should help RMA. Also RMA started falling in 2014 in tandem with the collapsing oil price. |
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