Roebuck Food Group Public Share Discussion Threads

[howdlep] 06/1/2006 08:37

With this stock having one of the lowest free floats, due to its major shareholder holding approx 93% of the shares, this one will move very, very quickly when: -

1) management take steps to increase the free float, something that is being looked at right now. At present the NMS is very low, so it is preventing traders gaining any decent size holdings.

2) the market realises its growth potential, having delivered profitable figures.

3) the market realises it is already paying dividends

I hold

[guru11] 10/12/2005 11:00

Presumably of the turnover of £9.19m very little is now of bad debt.
I need to re-read the accounts. Are we saying that turnover in the second half of the year wont match that of the first half?, as it was indicated that it would. The problem is as with EVS and many other companies - even if the company is doing badly - it is not in the interest of the directors to say so.
As with EVS they said that the companies prospects appeared to be excellent, but 6 months later they the price was suspended. It is difficult for shareholders being on the outside to draw an honest opinion of some companies.
My man in Reading who invests with serious money, does look hard at the guy at the top. If he is dodgy he wont touch the stock with a barge pole.

I don't know enough about Tony Antoniades to draw an opinion. Are the profits in RDF dodgy or created is the question, or as suggested above he has just ripped contractors off in another company?

[guru11] 10/12/2005 10:50

luchan - correct.

[sealed] 08/12/2005 08:08

You should stick that link on the other RFG thread. They all seem a bit myopic about the companies background.

[multiplex2002] 08/12/2005 07:49

The IT contractors of bust agency, Aristotle Group owned by Tony Antoniades, are now having to talk to the Official Receiver about whether they will get any money at all out of the thousands owed to them.

However, it was just announced to the Stock Market this morning that RDF Group have doubled their turnover.

The last we heard, Tony Antoniades owns 95% of this company.

Both Aristotle Group and RDF Group used to be called Eurolink and both are based in Brighton.

Many of the contractors that were with Aristotle are now with RDF, although there is a dispute over whether they were moved across or RDF were asked to take them on by the client companies.

According to the RDF company report, there are just over 10.7 million shares in the company.

The shares in the company went up 8p to 42.5p just this morning after the figures were announced.

That makes the gain in the company share vale of £860,000.

If Tony owns 95% of that, which he certainly did recently, then that means that he made around £817,000 just this morning.

It also means that Tony's stake in RDF is worth around £4,325,000.

This will certainly be of interest to those contractors of Aristotle Group who have lost thousands and now have a big fight to get any of that back.

The actual figures show that turnover in RDF Group rose from £4.23 million to £9.19 million – an astonishing performance in today's market conditions.

Owner of bust agency makes £817,000 this morning notsurprised @ 11/11/2005 16:59:56
The Official Receiver and team of Investigators will certainly be interested in this too - won't they? Once they start to dig into Aristotle's business affairs, shouldn't be long before the check out the strong link to RDF and then we will see exactly what happened here, won't we. Perhaps Dave Wood and Tony can share the same cell when they are both convicted of fraud - I hear the get on very well ...... cosy!!

Owner of bust agency makes £817,000 this morning Cheats @ 15/11/2005 21:52:32
Mr Wood & Antoniades et. al. may be doing wonderfully, but his daughters career has been blighted by this. Hope he sleeps well at night. I never fail to mention to any and all in the contracting game all of the greek's family roles in robbing (let's call a spade a spade here) money from everybody. Let us not forget Emma Antoniades in this rip off scam that she helped front. Well Done Tony - what a family guy!!

Owner of bust agency makes £817,000 this morning Curious @ 24/11/2005 11:42:22
I have a contract job offer with RDF. Do you think it unreasonable for me to insist they pay me weekly rather than monthly. It is easy to do this, surely. Do you reckon a refusal would imply something dodgy?

[luchan] 07/12/2005 17:54

I assume the RDF Media entries do not relate to this share?

luchan.

[guru11] 28/11/2005 21:56

RDF is only awaiting for more news then it will move again.

[guru11] 28/11/2005 15:10

ARGY2 - Another one they could tip would be BUC, say around next May time.
BUC is really illiquid.

The problem with RDF now is it has slipped back to 48 / 53.
However I am prepared to take a longer view of things now and not just keep switching and changing, making the MM rich and me loosing money.
I still believe RDF can be 60 / 70 by year end 2006.

I am also in IDN, which currently is treading water on no news,
but will have increased profits for the 3rd year running when they do come out at the end of January, and with news the share price should attract a lot more buyers.

[argy2] 28/11/2005 12:33

guru11

No problem. Yes, sad about EVS especially as they were ramped so much by,coincidentally,the same tipsheet..Watshot when the crooked Watson-Mitchell was there.No such worries with RDF management I'm sure, although don't know too much about the past that Paddyfool talks about.

My gripe is the way such illiquid shares are manipulated for whatever reason beit personal gain or creating false performance records.

Good luck with your investment here.

[paddyfool] 28/11/2005 11:16

Yes but the ghosts of the past are still there. The company from which the big intake of business was recieved was one of Antoniades companies. It promptly went bust after that. It owes the taxman a shedload of cash. That game is as yet not over. There may yet be difficult questions for this company to answer on what was clearly a related transaction, and a manouvre to evade tax. Anyone caring to look at the colourful history of Eurolink over the last twenty years might detect a style which could be worrisome dyor etc.

[guru11] 28/11/2005 10:01

ARGY2 - Sorry I was misunderstanding you. I thought that you were saying that RDF management was dodgy, ( and after EVS which were ), rather than the tip sheet tipping a stock that was very illiquid, which would obviously have an effect on the price.

Which tipsheet was it though?
RDF appears to be a very good company which is producing reasonable profits with an ever lowering pe ratio.

[paddyfool] 27/11/2005 18:46

Just be a little careful here. Do some research on what happened to Antinades other companies. The fella has a colourful background. The new businesswas a hand off from his old company which has now gone bust. Know a little more and be careful. ;-)

[howdlep] 27/11/2005 13:01

Friday's very late rally in RFG came too late to be covered by the weekend press. However, tomorrow's open will be very interesting imo.

[howdlep] 26/11/2005 10:43

Oh and the real sign of progress, as stated in the results: -

"Your Board is proposing the payment of an interim dividend of 0.75 pence per share, payable on 16 December 2005, to those shareholders on the register at close of business on 25 November 2005. The shares will be declared ex-dividend on 23 November 2005."

[howdlep] 26/11/2005 10:36

argy2....I think that is an argument you can attach to a lot of small cap tipsheets. However, on this occasion, the problem is the free float. That is an issue for management to address quickly.
To be fair to the tipsheet, the results were there for all to see. Its an undervalued, profitable company, that may just be a bid target in the next 12 months.
At the end of the day, how many very small caps are making money?

[argy2] 26/11/2005 09:51

guru11

Far from it...what I said was that to tip a share with no market size to deal in (see post 56) to thousands of subscribers would create a false market thus moving the price sharply up.The tipster can then imply,falsely, in it's advertising to new subscribers that they could obtain similar gains.Whereas in reality most will always pay substantially more for their purchases and Lord knows what would happen if they then said sell or take profits! So it is the tipsheet I think that are acting dishonestly.

howdlep...Yes I do wish I had been privy to the tip...I'm sure some were.

[howdlep] 26/11/2005 09:29

Yes, ARGY2 was referring to the tipsheet and I suspect, he was a little disappointed not to have been holding?
With the free float and market cap as it is, this is going to move very fast on Monday. I suspect management may have to meet demand by selling some/more of their own holdings.

[skyracer] 26/11/2005 08:35

Re my post 56; no RNS therefore still only 500k shares in free float. So any tip will send the shares soaring. I think ARGY2 you meant, IYO, the performance claims of the tipsheet? Which tipsheet was it?

[guru11] 25/11/2005 21:17

ARGY2 - Are you saying that management is crooked?

The prospective pe ratio is just 6.7, and if the second half comes in higher which it may well do the pe would be less than that, although the pe ratios were based on the figures before todays rise.

[argy2] 25/11/2005 16:51

Beggars belief that a tipsheet with reportedly thousands of subscribers would tip this today given the tiny market made in the shares.All of which explains the hike in the share price late in the day..........the MMs must have thought Xmas was early..still it will help boost their already crooked performance claims.All we need now is the equally dishonest UK-Analyst to highlight this wonderous reaction and follow it up with a further tip next week.

[guru11] 22/11/2005 22:34

TomosLewis - I believe that this in 2006 will prove to be a very strong stock.
The record is quite exceptional and the pe ratio quite low.
And can we expect 2nd half profits to beat that of the first half year?
Making the pe ratio even less than the current 6.7.
Excellent value is an understatement.

Not a hot air stock like YOO, SEO, ULT, MOS and so on - awaiting orders - the jam tomorrow has already arrived today.

[tomoslewis] 21/11/2005 22:58

It's reassuring to see that RGF has not gone into hibernation following the immediate aftermath of the results.

[guru11] 18/11/2005 23:02

Believe a couple of trades showing sells were actually buys today.
Looking good for the future - can see this up to 70p quite easily.

[guru11] 14/11/2005 22:50

TomosLewis - agree
it is the results that matter, and if they keep getting better the share price can only head in one direction. The jam is here today, not like other shares hoping it will come tomorrow like ULT, YOO, and MOS. No hoping here, it is here already.
We just have to wait for the re-rating.

[tomoslewis] 14/11/2005 21:06

guru11 increasing the level of free float is however perceived as being a possitive development and according to recent posteres, the main factor affecting the markt perception of the company. I am happy anyway.