Share Name Share Symbol Market Type Share ISIN Share Description
RM2 Int LSE:RM2 London Ordinary Share LU0994178464 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -2.37% 20.625p 20.00p 21.25p 21.125p 20.625p 21.125p 120,732 16:25:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 5.4 -39.9 -11.5 - 82.56

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Date Time Title Posts
19/4/201713:43RM2 - A Global Pallet Manufacturer628.00
06/1/201408:47NEW IPO26.00

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RM2 Int Daily Update: RM2 Int is listed in the General Retailers sector of the London Stock Exchange with ticker RM2. The last closing price for RM2 Int was 21.13p.
RM2 Int has a 4 week average price of 20p and a 12 week average price of 20p.
The 1 year high share price is 36.50p while the 1 year low share price is currently 20p.
There are currently 400,305,156 shares in issue and the average daily traded volume is 616,105 shares. The market capitalisation of RM2 Int is £82,562,938.43.
masurenguy: The most interesting angle in this article was the basic summary of the market potential for the new pallet and the strategy that RM2 are adopting in order to exploit it. "RM2 believes that its products will do more than 100 trips before they need to be repaired or recycled. Even the best wooden pallets rarely make 20 trips. RM2 came to AIM at the end of 2013, raising £137m to invest in the full-scale production plant that we are sitting on top of. For now, RM2 is targeting specialist markets: food producers, which need to clean pallets; shippers of high-tech, high-value components; the suppliers of healthcare products; and the beverage industry. Mr Walsh is drawing up plans to open two new factories in the US and the UK by the end of next year. A move to the main market is also planned for next year or early 2017. “AIM does function in that it gives early-stage companies the ability to raise money,” he says. “ But if you’re a company like mine with a market cap of £230m and you ask a market maker for a market, you will get a market in 10,000 shares, £7,000 [worth of] shares. “So you can have days when our share price can move 3 or 4% on less than £100,000 of volume. It is a bit ridiculous.” For now, though, the focus is on convincing potential customers of the benefits of the RM2 pallet. “We are part of progression,” Mr Walsh says. “The design of the pallet hasn’t changed for 75 years. How many products can you say that about?” Complete article here:
my retirement fund: Yes and note the reduced daily volume thus far indicating that the share price may have to appreciate fairly considerably from here to find a further level of liquidity since as has been pointed out, the tap seems to have gone.
paul the octopus: oopsy, whats up with the share price, or shall we say whats down? hey hang on where is the potential? there were plenty of director buys? surely revenus are stacking up now, right?hmm,
nw99: Share price doing the talking at the moment .
montynj: Share price is now short term very overbought...expect a 50% retracement of recent rally
mach100: I think a pallet needs to be put under the share price to prop up the share price. Can anyone see the bottom before I fork out for these>? Nothing gives me indigestion more than an unpalletable investment!
envirovision: They seem to be on their own, I guess someone has got to try to prop up the share price, although it's clearly not working thus far I'm sure it's help slow the relentless collapse of the share price. Let's put it on the worst case scenario if the directors end up buying the company out of administration in a few years or so for sweet fa, at least they won't have to feel so guilty about it!
wipo1: Yes I think this could be a good short. Good article by Robbie Burns(NT) One example is I looked at RM2, floated on AIM. It's in the pallet market. Pallets are big business and the company has some kind of more exciting pallets that last longer than others. But I just couldn't get excited about pallets. I know there's a decent recurring revenue and they will probably rent or sell quite a few. But my thinking was it's such a competitive market, another company could come out with an even better pallet and in any case how long is it going to take? A long time I suspect. Could I see the share price double up anytime soon? Not really. I'm all out of pallets.
RM2 Int share price data is direct from the London Stock Exchange
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