Ross Share Discussion Threads

[daisymax] 19/6/2007 19:07

Is this company still going?
You would think that the management would have more thought for their shareholders and keep us informed.

[enewman36] 23/5/2007 16:22

Given the flatline it is hard to say. Can't remember the last time anything significant came out of this company, so not worth selling or investing in this IMO. Just hold and see what happens.

[tonytravel] 23/5/2007 15:55

Does anyone have a view regarding where this stock may be going - up, down, nowhere ?
Do I sell or invest further at this low (bottom?) level ?

[joeall] 03/5/2007 09:11

I will keep a close watch on it Fido,maybe later do a little trawling.Anywhy
thanks for your input.

[fido] 02/5/2007 18:02

joeall,
In the words of the company, they are going after contracts and winning them.
That in itself is a sea change and speaks volumes about the new man in charge.

[joeall] 02/5/2007 17:11

We have been here before Fido,but I think I agree with you, somehow Ihave more
faith this time round.

[fido] 02/5/2007 16:27

Indeed, but investing is all about the future and Ross have said that things are improving and that they will be back in profit this year.
They have an experienced man in charge of GEL who is winning contracts and they are also geering up on the Sansui distribution side.

[joeall] 02/5/2007 16:21

Yes about 10 years long!

[fido] 02/5/2007 11:15

Yes, but its taken a long time getting here.

[joeall] 02/5/2007 09:18

Is there light at the end of the tunnel?

[fido] 01/5/2007 22:00

The company have said that they will move back into profit this year. With the improvements they have made they should then stay there.

[sharw] 01/5/2007 20:41

This must be one of the most illiquid shares on the main market. Last traded on April 13th. and not even the results could trigger a buy or sell.

[fido] 30/4/2007 23:07

Since when has returning to profit been seen as a bad year.

[davevanian] 30/4/2007 22:51

Bloody hell, we have life in an RNS !!, Mr Ho says another hard year !!!, hmmmmmmmmmm.........next stop 0.5p

[fido] 22/1/2007 18:19

It will be interesting to see if Ross gets any sub contract work from this:


BAE Systems gets $412M contract


YORK, Pa. (AFX) - British defense contractor BAE Systems PLC said on Monday
it received two contracts worth up to $412 million from a division of the U.S.
Army.
BAE will upgrade and repair 262 Bradley Combat Systems military vehicles
used in the war in Iraq to protect soldiers from threats of desert warfare. The
contract worth $177.7 million, covered under the fiscal 2007 defense budget,
includes a contract worth up to $48 million previously awarded to get materials
ahead of time. Such materials are known as "long-leaded" or "long-lead" material
items.
The defense contractor will begin delivery of the vehicles in December 2008
through July 2008.
Under the second contract, BAE will provide long-lead materials for an
anticipated award to reset 303 Bradley A3 vehicles and 173 Bradley Operation
Desert Storm vehicles. The contract worth up to $234.2 million is covered under
the fiscal 2008 defense budget.
The company will begin work on the vehicles in July 2008 through May 2009.
BAE has received $3.5 billion in contracts from the Army for fiscal years
2005 through 2007.

[enewman36] 18/1/2007 09:26

There is life Jim....but not as we know it!!!!

[tonytravel] 17/1/2007 10:43

Does the fact that Qinetic appears to have won a large contract to provide training equipment have any effect on the Ross Group ?

[fido] 26/9/2006 14:31

Although the figures were dissapointing. What made the results different from so many that went before is the fact that they prepare the market for good news going forward. References to further orders at Gel and increasing Sansui market share and a return to profit in 2007 all bode well for the future.
No surprise then that a 200,000 buy has highlighted Ross`s recovery potential.

[timely] 03/9/2006 19:44

This share is a mystery, that is why I haven't had a punt in it to date. I just suspect that one day I will see it on the leaderboard with a 100%+ rise and I will wish I'd bought some. But for the last year or so it would have been sitting in my portfolio at a loss. As everyone keeps saying something must give eventually!

[sharw] 03/9/2006 18:12

The problem is that shareholders are perpetually in the dark as to what is going on in the background (on the other side of the world). We are just fed a few morsels from time to time. The other day, 4 months after the prelims, the annual report arrived so I made a comparison.

There is an extra paragraph saying that an initiative to bring "a new European flat screen assembly business" into the group failed thanks to the UKLA so they are now looking at alternatives. The following sentence has now been omitted re San Gain:

"The Directors will request that the main shareholder considers
formally returning the financing to a long term basis as part of any potential
acquisition".

I am still looking at the report but I note that there are 136,180,924 shares in issue. If you take away the 71% owned by Grande/Kenilworth the rest have a value of £790k at 2p. In these circumstances I cannot understand why the company retains a full listing - it would be cheaper to buy out the rest of us and save the cost. The only reason I could think of was that Grande (or part thereof) might reverse in and get a London listing and the benefit of Ross's principal asset which is its massive capital losses which can be used to offset tax. However, if that were so they would surely have done it by now.

Of course, you could always go to the AGM on the 22nd. in Southampton and ask!

[walker10] 02/9/2006 23:48

Maybe we should have a closer look at Mr Adrian Ma (chairman and MD of RGP) other interests.

We all know he is Chairman and CEO of Grande.

He was appointed Chairman and CEO of Emerson Radio Corp on 04.04.06 they have revenues of $233.8M for fiscal 2006, and well well Grande own 46% of them.
And they state in their report for year ending 31.04.06 "Through our relationship with Grande,we hope to benifit from cross lisensing and marketing opportunities,particularly in Europe and Asia".

His other interest Director of Lafe Technology Ltd an Investment Holding Company that has a manufacturing plant Panyu City China,making hard disc drives etc etc,and well well Grande have just brought a 6.29% holding on 15.June.06.

Just maybe the holding that Keniworth Capitol took have something to do with Emerson Radio,although the share price does not reflect it yet, something is going on in the background and that is for sure.

[fido] 12/7/2006 00:53

I cannot find info on these funds anywhere, so they may be new funds set up to take these holdings.
The main thing to consider is the timing. It seems that we may have got GEL sorted out and the Sansui business seems ready to kick off, now we have what appears to be a new investment vehicle picking up a near 30% stake.
This all points to there being some action in this share in the near future.

[davevanian] 11/7/2006 23:34

this sounds like some Special Purpose Vehicle made up by Grande as some kinda tax dodge or scam, their share price has halved in HK !!

[fido] 11/7/2006 15:33

I have only just seen the news so I need to do some research.
Clearly though my thoughts about some action happening in the near term after years of doing nothing are correct. Is this a Grande sale or is it a transfer. Certainly there has been no volume so these shares have been transfered-WHY? Hho controls these funds. Clearly there are many questions and i will be doing some reasearch.
Clearly though something is happening and the picking up of the 29% stake( just short of the need to bid) is proof that the time is nigh

[rickjmason] 11/7/2006 15:21

Perhaps it's a spelling mistake: