||EPS - Basic
||Market Cap (m)
Real-Time news about Ringprop (London Stock Exchange): 0 recent articles
|katylied: richgit - 30 Jun'06 - 11:31 - 990 of 992
There is still hope... cash is not much below Market Cap.
Really? As of 31/5/2006 cash = £821,793 (and creditors > debtors)
No. of shares in issue = 8,076,944, cash/share = 10.2p
MktCap (suspension) = £1,453,849
Share-price (suspension) = 18p
A ~76% premium to cash|
|farsight: Well, I'm back. What's cooking then? Nothing much by the look of those trades. And despite the share price dodging around it doesn't look like I could have bought cheaper than the 19p on Friday.|
|asl1978: Share price seems to be holding up this morning, is this the bottom?
|pugugly: aa6. Here is the rns that worries me. No where does it say that Ring Prop will own the tools. It is a joint venture. In this type of joint venture it is I understand usual for the tool maker to keep title to the tools unless the contract specifies otherwise.
With problems at French you can see why I am worried. Having checked the accounts I cannot find any reference to RingProps ownership of the tools. Can you point me in the correct direction?
RNS Number:1666O Ringprop PLC 31 July 2003
RingProp Announces Major Manufacturing Joint Venture
RingProp plc has signed a joint venture agreement with the JL French Group, one
of the world's leading aluminum die casting companies.
JL French UK Ltd will manufacture tooling and produce propellers designed to
cover a range of outboard motors up to 250HP. In return, RingProp can issue
equity (up to a maximum of 330,033 shares at a price of 151.5p per share), to JL French in accordance with the roll-out of tooling production over the next
JL French has plants world-wide: in the US, Mexico, Spain and three in the UK
(Presteigne, Witham and Cheshunt).
The association is worth up to #500,000 to RingProp and ensures the quality of
the product and the continuity of supply required to service a global market.
RingProp believes that the venture with such a major, world-wide organization
will establish a firm base on which to build the company and the RingProp brand
Edited at 4:50pm.. From the 2005 accounts
"During period ended 30 September 2003 the company entered into an agreement with J L French (UK) Ltd for the manufacture and supply of tooling equipment. Although the contract provides for payment in cash, there is a separate put and call option to subscribe for the company's ordinary shares of 10p at a price of 151.5p per share equal to the total purchase price of the equipment. The Commercial substance of these agreements is such that payment for the tooling equipment is likely to be in the form of the company's shares. Accordingly on 15 February 2005 65,941 ordinary 10p shares were issued to J L French (UK) Ltd, RingProp's manufacturing partner, at a premium of 141.5p. These represented almost 20% of the put and call option which s exercisable on delivery of tooling by JL French (UK) Ltd. There are outstanding options under this agreement of
264,092 ordinary 10p shares at 151.5p per share.[I make this roughly £360,000 outstanding]This commitment relates to the tooling agreement with JL French (UK) Ltd. The relevance of this contract to future share issues is detailed in note 16. In the year to 30 September 2005 payment was made for two tools (2004: 1 tool) and invoices received for a further five tools, representing at total of eight fifteenths of the commitment.
While this would imply that the Tools may belong to Ringprop my concern still remains - Also in view of the share price decline will it be possible to pay for the new tools in shares or in view of the position with French will cash be required?
|aa6: if they did not announce sales to the ADF, how do u know what sales have been made to distributors and the like
furthermore, i am just as interested in margins
and for those fence sitters, by the time u know the share price will have accommodated it??????????????????????????????/
DO YOUR OWN RESEARCH|
well, jotoha1......tell us your theories
ringprop, have been through the uncertaintity scenario. If we look at the action of the share price drop, I feel the following caused the overdone drop....
Firstly, a small penny share tipster said sell some time back, this coupled with a scare that they were looking for institutional investment, which some said were going cap in hand and no institution wanted them......well the penny share tipster is about as reliable as the british weather and the institution bit, well we all know Invesco bought out the other institutions shares plus some. So, that is dismissed.
Secondly, a scare went around that the props were failing by fatigue, coupled with the poor RNS statement, which was re-written due to it's poorly written statement that only the latest props are to be simply improved to enhance their performance, not because of the scaremongers fatique problems which the market thought at the time. So, that is dismissed.
Now, the reason for the drop is pure and honest profit taking by the traders, not the investors. It was bound to happen, but just because it happened does not mean that there is any other source.
There was very little resistance at the 75p, just profit taking bringing them back.
Remember, the stockmarket is a confidence thing and it takes time to heal, not from the news so much but from the share price drop.
Depending on sales will determine the rights issue, ie if sales ramp up then who knows.
Traders and investors, we are all the same, when the share price was lifting recently we are all bullish, but as soon as profit taking comes in, we are all bearish. However, no one takes any notice of the actual company position, at that time.
Just an opinion, so do your own research.
Good luck to the holders.|
|stu31: Well aa6 had a quick check back on this thread and all becomes clear..
aa6 - 26 Sep'05 - 23:34 - 399 of 667
"Think u will find they have 8 million shares approx, market cap of 10 million and total assets less liabilities of 7.3 million.
A sales pipeline.
They look better than ever".
Share price then 125p now 44p.
Re "i bought 250,000 at 5 and 6p in SYM, nice £10k bagger in about 1 month and less".
Of course you did, shame you never posted on the SYM board, far too busy losing 70% of your investment here I suppose..
Re "neilrr, is correct, rather than giving it the large that u know everything, go and learn something. The potential turn around was there"
1) when did I post I knew everything?
2) I'm trying to learn from you the 'expert', but frustratingly you don't post your trades when you double your money overnight. I note you did not answer any of my earlier points, agreed it was too difficult for you. Perhaps from now on you can educate me as requested with your averaging down technique on tech stocks?
Neil, I knew about the court case, I have (unfortunately) been a SYM shareholder for 5 years.
Pugugly, your points all look valid to me but you know more about this company than me. My concern is that this is a typical jam tomorrow stock hitting technical problems, with dwindling cash and a chart in freefall. I wouldn't buy it but good luck with it I don't like to see PI's lose money even Walter Mitty's like aa6. But if you have doubts why invest in this, there are thousands of shares out there!|
|supernumerary: I had no doubts what it said, what I didn't know (and still don't) is what it meant. Did it mean that they have found new optimisations to make good props even better? Or did it mean they designed them well, but French couldn't manufacture them to spec? Or did it mean they no longer know how to design props as the necessary staff have left? The difference between the first and the last of these interpretations is probably about a pound on the share price.
The fact is I remain extremely nervous about these problems, and do not feel that directors' purchases of a few shares at fire sale prices offers the slightest reassurance.|
|arawak: Does anyone have any intersting news on this RPP (Where as the above report come from !?!). It all seems too quiet since the release of the final results. The results did not indicate much in terms of sales, but progressing with the appointment of distributors ( I wish they would show me the money !!!!!).RPP in their finals results have indicated that they have sufficient funds until around feb 2006. If they intend to go to the institutions again to raise funds does this mean that there will be a discounted share price in order to get the institutions to 'buy in' and therefore fleece the private investor again ! The current position has really left me perplexed as the share price seems to be steadily drifting downward and I am not sure whether to invest further cash to average down or cut and run with what is left of my stake ! Any news, views, advise or insights would be much appreciated.|
|0238jr: it was indeed tipped on watshot on friday- having been so in the past at higher levels:
I don't usually attach a huge significance to institutional top-ups in the market. However, when a stock has been plagued by bad management, a series of delays and all manner of other problems, and then seemingly turns itself around, I warm a little more to it. I notice shares in RingProp are off again this morning. I continue to find its sluggish performance particularly strange bearing in mind the recent string of positive statements. Indeed, Invesco Asset Management shares my enthusiasm and has topped up with a further 164,000 shares in the past 10 days. This is a company that in the past 2 months has dramatically expanded its distribution network, ready for a massive sales push next year. Every dealer acknowledges the supremacy of the product and its niche design upon seeing it, and surely, all being well, RingProp will finally start to see the sales it needs in 2006. Its going to be a really hard slog though. So why do the shares continue to spiral down? It remains a mystery. I don't believe the market is telling us anything by the fall, I think the market has it wrong. This is a risky punt, everyone knows that, furthermore the bad news is all out of the way. Next year remains the crunch year, but in the run up to then I fancy a strong rally, as a growing realisation emerges among the investment community, that RingProp has finally got the exciting point in its development - pre-major launch.
This is a company that has had its management problems in the past, but this is well behind it now. The new team in place is singled mindedly profit focussed. Chief executive Gary Mullins is a sound individual, who has already proven his ability to sign up distribution partners on a global scale. Setting up such a network has taken a while, but the company has fantastic momentum in this regard. The product (a range of patented ringed propellers) has been well received by the marine industry and has generated significant interest in a number of countries, particularly the USA. The product should be available US wide from next year, which bearing in mind its growing reputation should allow the first significant sales to be made. The bottom line with RingProp is that it has never been in better shape. It has cash, a growing distributor base and its product has a great reputation. Whether or not it will succeed all comes down to whether or not it can achieve significant sales. But whether or not it this will happen is largely irrelevant in the next six months, as the driver of the share price will be speculation. As I said, all the bad news is out of the way, the shares have fallen back considerably and with Red Hot Penny Shares telling its subscribers to sell, this represents a great opportunity to back the company - the publication is a great reverse indicator. The company attracted institutional backing at 150p earlier this year and for those that like a gamble (this is very much a gamble), there are far worse speculations on AIM. At 89.5p, the stance is "speculative buy".|
Ringprop share price data is direct from the London Stock Exchange