Share Name Share Symbol Market Type Share ISIN Share Description
Rasmala LSE:RMA London Ordinary Share GB00BNG83T81 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 140.00p 130.00p 150.00p 144.00p 139.50p 140.00p 0 14:00:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1.6 -8.1 -26.2 - 42.63

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Date Time Title Posts
09/6/201714:34Rasmala Ј25m Market cap, 87m assets 70
01/6/201610:51*** Rasmala ***-
05/10/201316:13*** Royal Mail ***3
24/4/200314:25The Real Madrid Appreciation Thread2

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Rasmala (RMA) Top Chat Posts

DateSubject
26/6/2017
09:20
Rasmala Daily Update: Rasmala is listed in the General Financial sector of the London Stock Exchange with ticker RMA. The last closing price for Rasmala was 140p.
Rasmala has a 4 week average price of 135p and a 12 week average price of 95p.
The 1 year high share price is 147.50p while the 1 year low share price is currently 94.50p.
There are currently 30,446,654 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Rasmala is £42,625,315.60.
06/5/2017
09:53
russman: The market discount to net asset value would widen considerably if the share price fell by the same amount as the distribution. It is considerable already. Can they increase the share buybacks aswell.
11/4/2017
19:32
hugepants: Quite. CJohn you are not wrong.It's odd with the markets at record highs to see this still trading at such a huge discount to NAV. Remember this from last years results? They obviously considered some "short term measures to support the share price" but didn't much like them. "...We have developed a unique platform which is well positioned to grow and expand. However, we believe the current share price materially undervalues the Group and whilst confidence in our strategy and the building up of a track record is essential to create long-term value, we are considering short-term measures to support the share price..."
15/2/2017
22:35
hugepants: I make RMA's net tangible asset value to be 271p if DiamondCorp written down to zero. It's been suspended for months so no big surprise. However its not that clear how they were valuing this holding. Was it based on the share price or its realisable value? If realisable value it would maybe have had a nominal book value given its illiquidity.
30/1/2017
03:04
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/hedged balance sheet, that’s a dirt-cheap valuation. But alas, a valuation which may not change significantly ’til we see a significant corporate event – whether it’s another tender offer (we’d probably need to see management do the buyback first), or some kind of merger/takeover. Though the appearance of Somers Ltd., who have steadily built a 8.1% stake to date, may well prove a potential catalyst. While it’s still one of their smaller holdings, Somers has a history of constructive activism – we can expect them to push for value enhancement/realisation here too. 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/expansion), so finding a buyer or initiating a formal sale seems a more likely bet. [And Somers wouldn’t have much trouble attracting support from other disgruntled investors!]. And noting another relationship that’s been developing recently (here & here), Ajman Bank (AJMANBAN:UH) is perhaps a candidate – though in a formal sale, other bidders could pop out of the woodwork (SHUAA Capital (SHUAA:UH), for example?). Like most special situations, earning a decent (annualised) return here will inevitably depend on how long it might take for value to be realised – and so, time is the enemy here… For this & other top picks, check/Google my latest 'Top Trumps For 2017...' post on the Wexboy investment blog.
19/10/2016
21:49
hugepants: Chunky trade at 100p. Still think this should be twice the current share price.
10/8/2016
20:59
hugepants: CJohn, Yes I suspect this is the reason the shares dropped from the 140s to under 90. It was Al Salam Opportunities selling out. http://www.investegate.co.uk/rasmala-plc--rma-/rns/holding-s--in-company/201608100908137835G/ Now that they are completely out may be a positive for the share price going forward. Interim results next month. BTW. It definetly wasn't me that suggested DRS!
28/7/2016
20:46
hugepants: There's been some big looking trades going through at 98p but not shifting the share price. Still waiting for news on this. "...we believe the current share price materially undervalues the Group and whilst confidence in our strategy and the building up of a track record is essential to create long-term value, we are considering short-term measures to support the share price..." Current market cap of £30M at 98p compares with; private equity and unlisted investments worth approx 85p (£25.8M) net cash (and close to cash) approx 210p (£64M). Currently trying to sell £20M or private equity
19/5/2016
21:09
hugepants: Yes agreed although the tender last year was at NAV which looks more like a cash return than an attempt to support the share price which is what they are intending this time.
09/5/2016
09:28
hugepants: Looking perky here this morning. Maybe this bit in the results has been noticed? "...we believe the current share price materially undervalues the Group and whilst confidence in our strategy and the building up of a track record is essential to create long-term value, we are considering short-term measures to support the share price..." Share buyback perhaps? Excluding goodwill/intangibles then I get; private equity and unlisted investments worth approx 85p net cash (and close to cash) approx 210p. They do say they are currently trying to sell £20M or private equity (note: the assets are detailed in the annual report: http://rasmala.com/reports-accounts/ )
27/4/2016
19:34
hugepants: Finals out today; http://www.investegate.co.uk/rasmala-plc--rma-/rns/results-for-the-year-ended-31-december-2015/201604270700094320W/ NAV up about 5% to 330p. With most Middle East economies exposed to the oil price it seems likely the share price will improve here as the oil price recovers.
Rasmala share price data is direct from the London Stock Exchange
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