Redhall Share Discussion Threads

[pcourt] 02/5/2014 07:52

End of my patience - they will be swept out my stables today....

[callumross] 08/4/2014 15:27

Yes, I have been buying in the last couple weeks. unfortunately not at the 39p placing price that the institutions got in at!

[upside potential] 08/4/2014 11:34

With the Vivergo dispute now behind them and with a recently strengthened balance sheet, the company is now in a decent position to grow it's market value in my view. Niche engineering capabilities in a recovering UK economy augers well. The additon of Oryx as a shareholder looks like a positive also.
To all the troops (loyal over the years or otherwise), here's hoping Redhall is finally gaining some traction again. Please DYOR.

[value viper] 08/4/2014 11:20

Hi Mud - my thoughts exactly re Oryx (fingers crossed). I remember RHL shares at these prices all those years back (as do u) in the days of Booth - I also know the co has changed alot since?! However, feeling cautiously optimistic again.
Time for a new thread.

[mudbath] 08/4/2014 11:14

Hello Upside Potential !!

"The investment objective of Oryx is to seek consistently high absolute returns while maintaining a low level of risk, principally through investment in medium and small sized quoted and unquoted companies in the United Kingdom and United States. Target companies typically have strong business models but individually may have factors constraining their performance, which may be addressed through Oryx taking an activist approach as a shareholder."

Says it all really.
Their interest should underpin the share price and looking at the performance of their other holdings it could also augur well for the future of RHL .

[value viper] 02/4/2014 12:14

ORYX - ticker OIG also fancies an investment here, now with over 5%
fwiw check out their share price graph ! NRI

[value viper] 31/3/2014 09:06

Henderson now own 27% of the co then.

[value viper] 27/3/2014 07:48

That is probably fair too - place your bets time (if you believe) or miss the pop higher when things (hopefully) improve; watching with interest. Have always wondered what Groupe Gorge's (ultimate) intentions may be.

[haywards26] 27/3/2014 07:44

The negative news needs to stop and be reversed into positive news items such as contract wins, growing order book etc. Until then imo RHL is nothing more than a punt/gamble.

[value viper] 27/3/2014 07:37

I can't really argue with that Haywards - I had thought the same; the negs need to stop.
New shares on today, takes the mkt cap to just under £20 million - I am interested to see who took the new shares.

[haywards26] 26/3/2014 20:29

Every RNS does seem to include negative news eg exceptional costs or reduced incomes etc..

[callumross] 26/3/2014 18:59

Thanks for your considered and well thought out opinion hvs.

[value viper] 26/3/2014 15:42

HVS - please could you add further ? be interested in your take
new and existing shareholders who stumped up £7 million dont seem to think so
(u of course may well be right)

[value viper] 25/3/2014 21:35

New issue to be completed trow and over next few days; I'm interested to see who took the stock (existing and new investors); have re-read the last news update alongside the placing news and believe things should start to improve - NRI
Uk recovery I would like to think won't be a bad thing for them

[diku] 11/3/2014 18:03

This will probably go to 39p placing price and even lower....seen it all before...

[value viper] 08/3/2014 08:12

No but placing is cheapest option for co to raise money and 39 isn't too bad; u could have bought at 42p day before announcement as some did.

[diku] 07/3/2014 23:35

Yes that all looks very obvious why they didn't buy and do existing joe public shareholders get the chance to buy at 39p like the insiders?....

[value viper] 07/3/2014 08:24

Their bankers I reckon leant on them to reduce the debt - I think today's news is a positive and heightens their chances of recovery; bought a few out of the gate.
I had wondered why directors hadn't bought any post results - I now know why.

[henryatkin] 07/3/2014 08:05

What on earth happened to RHL. I had such high hopes for it back in Walker10's days. I thought it would be another BAB. It now has a turnover double that of 2007 but now makes a loss compared with profits back in 2007 on the much smaller turnover. Fortunately I sold out at the start of 2008 for reasons of the economy rather than RHL activities but all the same its depressing to see what has followed when compared to RNWH which has fingers in similar pies.

[battlebus2] 07/3/2014 07:12

Proposed Placing to raise £7.5 million
and
Notice of General Meeting

Redhall Group plc (AIM: RHL), the specialist engineering support services group, is pleased to announce its intention to raise £7.5 million (before expenses) through a placing of 19,230,769 new Ordinary Shares of 25 pence in the capital of the Company at a price of 39 pence per share. The new Ordinary Shares are being placed with new and existing institutional and other shareholders by Arden Partners and Charles Stanley Securities.


Transaction Highlights

· Placing of 19,230,769 new Ordinary Shares at a price of 39 pence per new Ordinary Share to raise £7.5 million gross
· Proceeds to be used to recapitalise the Company's balance sheet and for general working capital
· The recapitalisation of the balance sheet, combined with the recent resolution of legacy issues and restructuring of the business by Redhall's new management team, is expected to allow the Company to capitalise on significant opportunities in its key end markets
· Redhall Directors have subscribed for a total of 307,691 new Ordinary Shares in the Placing, at a total price of £120,000
· The 19,230,769 new Ordinary Shares to be issued in connection with the Placing are equivalent to approximately 39.2 per cent. of the Company's enlarged issued ordinary share capital immediately following completion of the Placing
· The Placing Price represents a discount of approximately 7.1 per cent. to the closing price of Redhall's ordinary shares of 42 pence on 6 March 2014

Completion of the proposed Placing is subject inter alia to shareholder approval, which will be sought at a General Meeting of the Company to be held at Squire Sanders, 2 Park Lane, Leeds, at 12.30pm on Wednesday 26 March 2014 following the Company's Annual General Meeting at 12.00 noon. Dealings in the new Ordinary Shares issued in the Placing are expected to commence on Thursday 27 March 2014.

A circular providing further details of the Placing will be sent to Shareholders later today. Once it has been posted, a copy of the Circular will be made available on the Company's website at www.redhallgroup.co.uk. Certain extracts from the circular are set out below.

Redhall's Chief Executive, Richard Shuttleworth, said:

"We are delighted by the positive response from new and existing investors to this fundraising, which has the potential to be transformational for Redhall by recapitalising our balance sheet. This fundraising will give us the opportunity to deliver our strategy, which focuses on the Company's core strengths in niche manufacturing and specialised contracting. We see significant opportunities open to us in our key markets and the Company is now well positioned for future growth."