||EPS - Basic
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Real-Time news about Renewable Power (London Stock Exchange): 0 recent articles
|catandcrow: Well the share price will drop - hopefully not to the 2p level. But it will drop a lot since the major asset (the cash) is being returned to shareholders.|
|ased_ali: I'm afraid I'm too new to investing and really not bright enough to fully understand this.
The current share price is 10p but subject to shareholder approval, every share holder will get back 8p per share (from the company's share account). On top of that there's some other disposals.
Assuming the 8p return does go ahead (share holders are hardly going to say no), that's one hell of a return or is the share price going to go to 2p after that?
Sorry, I must either be dreaming or missing something really obvious here?
Any clarification will be very gratefully received.|
|omellete: I think it was not a good idea to buy today, as tomorrow you will actually pay 5-8 pence for what could be 25 pence.
Anyway the sellers today messed the price up and will likely not get what they thought they would i.e 16pence share price + 10 pence extra.
That would be too good to be true.|
|rokkie: William, I don't think they are in talks to sell the whole plant out right. I think they are seeking co-investment partners using the plant as collateral. Now that the management has finally sorted itself out it can more forward.. I agree the company is undervalued at the moment and once the co-investment deals are publicised the share price will reiterate to it's former value. The share price drop mid July was overdone and I have used this to top-up. The next few weeks should show RPL's true colours...|
|omellete: Well I guess we should get an RNS from the Lewis camp for the EGM.
Maybe he will say that he had a Palm Oil deal in the Far East but this was blocked by the others. i.e if he comes back then all will be well.
Otherwise I cannot see how he can even have the cheek to try and come back.
Especially after his related party transactions for nearly £1 million quid in the accounts.
Boffster - on current share price action, I cannot see the justification for voting for him. Can you tell me why?
If it is number of shares held, then I don't think so - he effectively awarded those to himself in setting up the business. It was shareholders funds that bankrolled him, he did not use any of his cash to buy the power stations and bio factory, IPO funds did that AND gave him working capital.
Which he squandered.|
|omellete: I cannot see how David Lewis will get control again - UNLESS - he does something about the share price.
Has he got a backer who is holding? Obviously he has his own shares, but he may well have support.|
|martincoops: Well not much info given today but on the positive side net assets currently £46,000,000 compared to current share price of £23,000,000 so trading at 50% discount to NAV
I will now wait for the next few months to see if they can get a feed stock contract|
|boffster: Perch, count me in! This is getting silly (and painful)
Seems to be a level of panic selling, sheep mentality.
Share price falling on low volumes.|
|omellete: TOPINFO - I was looking at it for an investment - by stating the nature of the Court case and providing the links to access them is not deramping.
I was in these last year and so know about the background to the company.
Conversely talking about out of court settlements and share price doubling IS ramping.
Go and read it for yourself. There will be no out of court settlement.
Robin - I don't think there will be any supply from Safari - there are Two Safaris - and one is disowning the other and this situation is a mess. RPL will get nothing out of these guys except for some Facial Cream.|
|nilip: Looks like a good punt at this level.
Buyers piling in thick and fast all morning.
Don't think 45p will hold for much longer ...
Looks like RPL have done nothing wrong and seem to have acted appropriately against Safari.
$50 Mln cash in the bank.
Share price was @ 117p prior to suspension.
Also, Placing @ 110p literally just 2 weeks ago ?
(edit - Post 29, if true, suggests RPL had subscribed for more than enough Palm oil in the first place).|
Renewable Power & Light share price data is direct from the London Stock Exchange