Share Name Share Symbol Market Type Share ISIN Share Description
Romag Holdings LSE:ROM London Ordinary Share GB0033665729 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 35.50p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 19.7 1.1 1.5 23.7 17.76

Romag Holdings (ROM) Latest News

Real-Time news about Romag (London Stock Exchange): 0 recent articles
More Romag Holdings News
Romag Holdings Takeover Rumours

Romag Holdings (ROM) Share Charts

1 Year Romag Holdings Chart

1 Year Romag Holdings Chart

1 Month Romag Holdings Chart

1 Month Romag Holdings Chart

Intraday Romag Holdings Chart

Intraday Romag Holdings Chart

Romag Holdings (ROM) Discussions and Chat

Romag Holdings Forums and Chat

Date Time Title Posts
28/6/201107:36ROMAG HOLDINGS - Clean Energy from Photovoltaic Glass1,066
25/8/200915:02Romag Holdings: Q1 2007 Target = 400p41

Add a New Thread

Romag Holdings (ROM) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Romag Holdings trades in real-time

Romag Holdings (ROM) Top Chat Posts

DateSubject
24/9/2016
09:20
Romag Holdings Daily Update: Romag Holdings is listed in the Construction & Materials sector of the London Stock Exchange with ticker ROM. The last closing price for Romag Holdings was 35.50p.
Romag Holdings has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 50,019,813 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Romag Holdings is £17,757,033.62.
25/3/2011
12:05
future financier: I met JK a couple of times - a really nice decent bloke and certainly no crook. I suspect he did this because he was afraid of the effect the hole in the accounts would have on the share price - and the fact that this could leave Lyn's executors having to pay Inheritance Tax that was greater than the value of the shares in ROM that she owned. VERY VERY SAD. I don't own but had been contemplating doing so until personal circumstances meant I needed the money elsewhere. Hopefully ROM's fortunes (and mine!) will improve.
01/2/2011
07:29
masurenguy: Undisclosed payment sparks Romag suspension Mon 31 January 2011 Shares in Romag Holdings have been suspended following the discovery of a payment to the company by its executive chairman John Kennair. The share price had already fallen by 5.5p to 35.5p by the time that the shares in the AIM-quoted specialist glass manufacturer were suspended at 3.55pm. Altium replaced Arbuthnot as the company's nominated adviser and broker last week and it was notified of the payment today. The board admits that it should have disclosed the payment earlier. The non-executives are commissioning an investigation into the transaction and corporate governance. Kennair owns nearly 12% of Romag, which has found trading tough in the past year and it has had to write down £6m from its balance sheet, which relates to stock and intangible assets. There have also been problems with a supplier of photovoltaic cells. Net debt was still reduced by £2.2m in the year to September 2010, from £18.5m at the end of the previous financial year. Last week, Romag said that it had received a conditional offer of new debt facilities from Lloyds Banking Group. The terms have yet to be finalised but it is expected that they will include a commitment fee and an increase in the overall cost of the company's borrowings going forward on an annualised basis. The figures for the year to September 2010 were going to be published when the refinancing was secured. http://www.h-l.co.uk/shares/stock-market-news/small-cap-news/undisclosed-payment-sparks-romag-suspension
31/1/2011
17:06
masurenguy: Masurenguy - 6 Sep'10 - 955: There are a number of issues that urgently need to be addressed here and until they are the share price is likely to continue to drift down. 1. Following the sad death of Lyn Miles in June they need to appoint a new CEO. The company needs strong leadership to tackle its current challenges ! 2. They need to announce the extent of the inventory write downs. 3. They need to look at their financial arrangements because it appears that they are getting close to the ceiling on their debt facilities. 4. They need to issue a further trading statement covering points 2 & 3 above plus a range indication of the likely year end loss. This cannot wait until the December results since markets hates uncertainty and the share price will be punished further until some tangible information is provided. We are now close to the all time share price low of 31.5p in March last year when directors bought 225K shares @31.75p. I took profits and sold out at 62p last December but would not consider buying back in until the above issues have been resolved. floppyhat - 6 Sep'10 - 958: Nah. Priced-in, baby. It's all priced in. Romag are only going to make a technical loss for the year. They were barely a hundred grand up for the first six months, anyway, so any bottlenecks were bound to take them into the red. Customers with credit trouble will pay up eventually, the component suppliers will fulfill their obligations eventually, and the inventory write-down is a giant clue that the infant market for photovoltaic glass is getting more affordable by the day. mudbath - 9 Sep'10 - 962: Masurenguy suggests that ROM have little or no headroom in their banking facilities. If such a problem were to evidence itself,then we might see a particularly sharp sell off. frogkid - 9 Sep'10 - 966: I'm with Masurenguy. Have held these on and off for a few years and done OK but I was caught out by that profit warning. Some say they come in threes. I would not add any until debt, finance etc is cleared up. Hate to say it but these problems were raised 4 months ago. They clearly have serious cashflow issues "As previously announced, following exceptional costs of approximately GBP6 million in relation to the confirmed write down of stock announced on 4 October 2010 and the impairment of intangible assets notified on 7 December 2010, Romag will report a loss for the period ended 30 September 2010.....Subsequent to the exceptional costs incurred during 2010 the Company has entered into negotiations with its current lender to provide amended banking facilities. The Company has now received a conditional offer of new debt facilities from LBG which it is in the process of negotiating the final terms of and the bank remains supportive of the Company. At this stage the terms have yet to be finalised but it is expected that they will include a commitment fee and an increase in the overall cost of the Company's borrowings going forward on an annualised basis. The Company has today appointed Altium Capital Limited as its Nominated Adviser and Broker to assist in the negotiations with LBG and with our ongoing relationship with equity investors. Why suddenly switch Nomad from Arbuthnot to Altium at this late stage in their negotiations with the bank, especially when they acknowledge that part of the reason is to "assist" with refinancing negotiations. This implies that Arbuthnot either couldn't help them get the deal that they needed or didn't believe that a viable deal was possible. The RNS on Friday would not have been required if the negotiations with LBG were a done deal. As we all all know, bank lending is still very restricted particularly to small companies who are carrying existing debt. The year end results are also late - they're supposed to be published within 3 months of the year end (Dec 31st) as has been the case over the past 4 years. This delay suggests that there could be also be "audit" and "going concern" issues that may have delayed the final accounts being signed off in the absence of the conclusion of the regnegotiation of bank finance facilities. The second RNS stating that "various matters should have been disclosed at an earlier date" does not inspire confidence either. Could John Kennair have been moving cash around to keep the bank happy and creditors at bay ? Furthermore they have not replaced Lyn Miles either, some 7 months after her sad demise, at a critical time where the company really needed some strong and effective leadership. This does look very ominous to me but I really hope for the sake of remaining shareholders that they can somehow find a satisfactory resolution to these financial issues !
09/9/2010
12:05
masurenguy: mudbath - 9 Sep'10 - 962: Nothing like rubbing it in is there for some. I'm not "rubbing it in" to anyone. I originally posted this comment last Monday and have absolutely no axe to grind since I sold my entire holding last December and have just been looking out for a potential re-entry point as I clearly stated at that time. Masurenguy - 6 Sep'10 - 955: There are a number of issues that urgently need to be addressed here and until they are the share price is likely to continue to drift down. 1. Following the sad death of Lyn Miles in June they need to appoint a new CEO. The company needs strong leadership to tackle its current challenges ! 2. They need to announce the extent of the inventory write downs. 3. They need to look at their financial arrangements because it appears that they are getting close to the ceiling on their debt facilities. 4. They need to issue a further trading statement covering points 2 & 3 above plus a range indication of the likely year end loss. This cannot wait until the December results since markets hates uncertainty and the share price will be punished further until some tangible information is provided. We are now close to the all time share price low of 31.5p in March last year when directors bought 225K shares @31.75p. I took profits and sold out at 62p last December but would not consider buying back in until the above issues have been resolved. Since then the share price has dropped by a further 22% in 4 days, from 34p to 28p. That does not make me either right or smart but it is illustrative of the concerns that I raised then. My comment to floppy hat was purely down to his dogmatic response that it was "Priced-in, baby. It's all priced in.". I don't know where the bottom is, neither does he or anyone else. His view was probably more motivated by concerns emanating from his prior post just over two weeks ago rather than any current objective assessment since he is now down by 33% ! floppyhat - 22 Aug'10 - 950: I'm all-in again at 42p, and can't wait for the next steep incline. Bring it on, baby! My comment on their debt facilities was only one of 4 issues that I raised. I don't know how close they are to their covenants but the public domain information suggests that they don't have much headroom to play with especially if cashflow is suffering from delayed orders and/or payments. In the current climate any small company that might be close to their debt limits makes investors naturally nervous !
06/9/2010
15:03
floppyhat: Nah. Priced-in, baby. It's all priced in. Romag are only going to make a technical loss for the year. They were barely a hundred grand up for the first six months, anyway, so any bottlenecks were bound to take them into the red. Customers with credit trouble will pay up eventually, the component suppliers will fulfill their obligations eventually, and the inventory write-down is a giant clue that the infant market for photovoltaic glass is getting more affordable by the day. As for Lynn's shares, in my view, what kind of ungrateful recipient of them would chuck the lot onto the market, and go live-it-up on the proceeds? And even if they did, the total number of shares she owned would not constitute an overhang. This share price is displaying all the classic signs of unwarranted panic.
06/9/2010
13:52
masurenguy: There are a number of issues that urgently need to be addressed here and until they are the share price is likely to continue to drift down. 1. Following the sad death of Lyn Miles in June they need to appoint a new CEO. The company needs strong leadership to tackle its current challenges ! 2. They need to announce the extent of the inventory write downs. 3. They need to look at their financial arrangements because it appears that they are getting close to the ceiling on their debt facilities. 4. They need to issue a further trading statement covering points 2 & 3 above plus a range indication of the likely year end loss. This cannot wait until the December results since markets hates uncertainty and the share price will be punished further until some tangible information is provided. We are now close to the all time share price low of 31.5p in March last year when directors bought 225K shares @31.75p. I took profits and sold out at 62p last December but would not consider buying back in until the above issues have been resolved.
22/8/2010
00:59
floppyhat: I'm lovin' this company. The share price and me seem so in tune. I buy it low, and I sell it high, exactly as I dream about doing with all my other stocks. Sadly, all my other stocks just don't seem on my wavelength, but this little beauty just keeps on giving. I'm all-in again at 42p, and can't wait for the next steep incline. Bring it on, baby!
19/8/2010
17:00
egoi: Yes sorry, typo, will amend, I did know she was a lady, my mistake. However the point stands of course, it could easily create a (hopefully short term) overhang, until they are placed or whatever. Hopefully there will be an RNS to confirm what has been done with them before long, and then the share price might recover. I like the stock and am a prospective small buyer at some stage.
19/8/2010
10:07
masurenguy: sector is booming at the moment Mmmm......well yes it is although profitability is still an issue with several companies due to falling prices over the past 12 months. PVCS - which I hold - is off by 10% this morning due to profit decline in H1 so the share price of different companies in this sector can be quite choppy on an individual basis. However the long term prospects still remain positive !
14/1/2010
13:52
garth: Nudging up again.... Pre-recession these commanded a high rating. That was before they announced their PowerPark solar car port.... We appear to be pushing through clear sky share price wise....
Romag Holdings share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:32 V: D:20160924 20:54:12