Roadside Real Estate Share Discussion Threads

[felchandbart] 07/5/2024 12:58

This is looking ridiculously cheap, with a small free float. All to play for. GLA.

[kemche] 03/5/2024 07:22

Excellent results.

What a funny little company!

[phil mcavity] 01/5/2024 09:16

thanks Mike

[petomi] 01/5/2024 07:57

Still no final results…..

[phil mcavity] 01/5/2024 06:23

"numerous undisclosed purchases by the Exec Chairman's wife in 2023"
Any more detail about this ?
tia

[petomi] 12/4/2024 18:03

Agreed fetchanbart we were told on 28 March that the audit was "substantially complete" which surely doesn't mean a month away from completion......


I suspect the Nomad/brokers wouldn't have been too happy about the numerous undisclosed purchases by the Exec Chairman's wife in 2023 which were only announced this week.

And I wonder if major shareholders who are not also lending to the company are unhappy about the sweetener mentioned in the 28 March RNS:
"The Company is in the closing stages of completing the issue of £10 million principal amount of secured loan notes (the "Loan Notes"). The Loan Notes will attract a coupon of 14% for a period of 24 months and will be secured against the Company's assets and undertaking, including its shareholding in Cambridge Sleep Sciences ("CSS") as well as the assets and undertaking of CSS. The Company will also agree to pay a bonus to subscribers of the Loan Notes which will allow them to participate in an exit option of the Company's CSS shareholding under preferential terms."

GLA

[felchandbart] 12/4/2024 11:04

Quite a long extension to the suspension period. There must be more to this than getting behind with the accounts. Interesting.

[felchandbart] 02/4/2024 12:34

A good time to be aboard - a company going places. A ground-breaking announcement before it returns from suspension would be very nice. Maybe too much to hope for, but let's see. GLA.

[jpuff] 28/3/2024 15:26

Delay of results for a short period and suspension prior

[stealive] 27/3/2024 18:28

Big day tomorrow.

[mike the mechanic] 27/3/2024 17:53

@F&B
I agree, the CSS investment is already worth a multiple of the current share price.
Admittedly the pubs are a drag on the valuation so the sooner they're offloaded the better.

[felchandbart] 27/3/2024 10:29

Have opened a position here. Looks like a nice story developing. Could be a real gem, imo. GLA.

[stealive] 26/3/2024 11:08

This could be an exceptional week if results land.

[mike the mechanic] 21/3/2024 12:41

Steative
I agree in general but the sale was 10% of the whole investment, reducing ROADs holding from 75 to 65%. Still a game changer investment which can increase the JV share (per previous announcement), pay down borrowings and fund further road side investments.
Don't forget that ROAD is also being paid and incentivised to operate the JV by Meadow Partners

GLA
Mike

[stealive] 21/3/2024 11:49

ROAD sold 5 per cent of their holding at 6 million pound. They made two point seven million profit on their original two point seven million investment. They still have a holding of sixty five per cent which on today's prices means they can draw thirty nine million. That would give them substantial leverage going forward.

[bumpa33] 21/3/2024 10:26

with a great deal of scepticism…

[chrisdgb] 21/3/2024 10:09

How on earth do we value this...?

[cyberbub] 21/3/2024 08:07

That would explain it then if it's only 3%!

[investmentguru] 20/3/2024 17:44

ROAD's share of the JV is just 3%, I believe!

[tommygriff] 20/3/2024 17:41

Meadow Partners LLP, are the funders. From the US

[tommygriff] 20/3/2024 17:40

They have a JV partner for the £150m pipeline

[wildy1983] 20/3/2024 16:56

Yes , RNS today 20th March apparently selling 952 shares at £6302.53 per share in the subsidiary Cambridge Sleep Sciences to US based CGV Ventures , circa £6.0million. Sale reduces the company's holding to 65% from 75% , hence the 65% has significant valuation ( circa £30-40m ). Big reaction to Roadside's shares today ,up 187% . Hopefully there will be more uptick .