RCG Share Discussion Threads

[verulamium] 23/9/2020 10:55

I think we're due a 5 yearly update. Believe it or not they've still got an HK listing, as China e-wallet (802).

Presumably all of the fraudulant aspects have been wound out by now and they're left with a genuine business with a mkt cap of HK$356M (£36M) on a turnover of HK$62M (£6.3M). Share price HK$0.13. Trade receivables aged over 180 days greater than their last 6 month turnover. I'm not an accountant, but I'd think that's less than ideal?

A slap on the wrist a while back from the authorities for warning of a loss, then changing their minds a few days later and deciding they'd made a good profit, so some shades of the old days. No news that I can find about Chancy Best Vest or any of the other marvellous takeovers.

Good that Investec's 2009 buy note is still in the header, reminding us all just how little research brokers bother to do.

[zangdook] 18/9/2015 11:07

poor guy's lost weight

[bob f2] 18/1/2015 17:58

Hi Guys, spent many a happy hour watching RCG and this BB

Just happened to see that RCG is still on the HK SE, Friday 394,000 shares traded at 0.247HKD which = 2p

Can't find any trades in UK, has it been withdrawn

[verulamium] 24/6/2014 18:16

Stegrego - they did a scrip dividend, that's always a good way of ending up with forgotten shares. If you held 2050 shares in April 2009, you'd have got another 50.

[stewjames] 03/6/2014 19:24

Frame them as historical evidence. Maybe in 100 years it'll be worth a fortune to antique hunters fascinated by the Wild West standards of corporate governance us primitives lived through. ;-)

[stegrego] 03/6/2014 18:01

I somehow still hold 50 shares in this, no idea how as it's a very low number, fat fingers I guess.

Anyway, now the barstools want to take these away from me...... NNNNnoooooOOOOOooooooooOOOOOOOOOOO!

Although is sold out pretty early and made money, I still want a share certificate for them to remind me of this whole debacle.

Hmmmm current value is 62p TOTAL. I really don't want to deal these shares as it's going to cost a fortune in dealing costs..... Can I just disown them?

[bozzy_s] 03/6/2014 12:03

Agree 100% with above. Strange how everyone, without exception, on this BB knew what RCG was, but the authorities were unable or unwilling to actually do anything about it.

Did everyone see the proposed new UK law re professionals turning a blind eye to criminal activity? It mentions lawyers, accountants, couriers and other professionals (I guess including NOMADs for listed companies).

[deanroberthunt] 02/6/2014 12:11

it beggars belief how this is still trading......

[bad robot] 02/6/2014 09:08

why is kaspersky internet security saying this about this HK dung?

[ewads] 19/5/2014 09:16

Goodbye little sweetie.........................

[ricardo125] 20/2/2014 21:11

Looks like the saga is going to run here for a little while yet. The puppet master is safely locked in his cell. Lets see what the investigation brings.

[robertfaulkner] 20/2/2014 18:09

Just looked at RCG trades for 2 weeks, no trades until yesterday then someone sold 20oddk of shares at 1.17p each and got £350 before costs

When you take £335 out of an investment in RCG you really are desperate

I suppose it's better than a slap across the belly with a wet fish!

[robertfaulkner] 20/2/2014 17:58

Can you believe this dog is still alive and up 0.375p + 18% today

100p here we come (pigs might fly first)

The only deal today, a buy 1000 shares @ 2.2p. Cost £22 + dealing and a few p stamp

Who could think you could move the market with a £22 deal

[mr roper] 14/11/2013 15:38

Chu Chew.. the train has left the station. Danny has left the building...

[martinc] 17/10/2013 17:26

the website zangdook quoted above links to:

hxxp://www.rcg.tv/

..which seems to haev been taken over by Iranian hackers, with the slogan "hacked by international force"! Don't know how long it'll stay up

[loverat] 27/9/2013 06:37

I held shares in this company some years back. Was all the news of sales etc a work of fiction?

[bozzy_s] 26/9/2013 23:45

Double whammy today with RCG and REG both announcing RNS statements. If only it were possible to short the pair of 'em!

On the face of it REG is clearly the most overvalued of the two, somehow having a market cap of £64m today (was an extraordinary £180m a year ago). Their interim results announced today: Turnover reduced from £5.28m to £0.02m (-99.53%). Net asset value improved very slightly from -£3.87m to -£3.84m. Cash at bank fell from £0.84m to £0.09m.

Oddly they began with this quote "Rare Earths Global Limited (AIM: REG), a leading mining services group focused on the extraction, separation, refinement and trading of rare earth elements, oxides and other related products, is pleased to announce its interim results for the period ended 30 June 2013."

Pleased to announce a 99.53% reduction in turnover?!!! How bad would it have to be for them to remove the 'pleased' quote? Minus 99.9%?

Probably need their shares to drop approx 99.9% to 0.1p to become any sort of viable gamble. I'll keep trying to open a short. If the big hitters can't do it, I don't fancy my chances. £64m valuation. Shocking! Totally unbelievable!! Think how many decent small-cap companies you could buy for £64m.

RCG looks an exceptional company in comparison!!!!!

[mister md] 26/9/2013 13:22

"To the best of the Directors' knowledge, information and belief and having made all reasonable enquiries, the Placees and their ultimate beneficial owners (if any) are Independent Third Parties"

To the best of the Directors' knowledge, information and belief
To the best of the Directors' knowledge, information and belief
To the best of the Directors' knowledge, information and belief

hmmm

[zangdook] 22/9/2013 08:13

For reference, here is the company website:



Many of the links don't work. I got it from HKEx - they haven't told the LSE, and since the last time I pointed out information like this to the LSE they were so horridly snotty about it, I shan't bother this time.

[robertfaulkner] 16/9/2013 20:39

This share is now like a floating poo that won't flush away.

Today's volume consists of 3 sales for a total of 1130 shares at 1.5p each, so a total of £17 was raised before costs???????????

They probably got less then the commission for them so they paid money to sell them?????????????????

They have sold a lease to someone unconnected to RCG, yer right

They say they have managed to sell zillions of shares at HK$0.25, around 2.3p when we are selling a few shares at 1.5p