RAB Capital Share Discussion Threads

[quepassa] 22/9/2010 09:05

With a market cap of £60m and CASH of £90million, it cannot be ruled out that management could conceivably buy the company back/take it private on the cheap.

ALL IMO. DYOR.

QP

[the_owl] 21/9/2010 22:00

30m = +6% total shares (roughly 19% tradeable shares I reckion there were c160-180m?) cancelled.

If AUM rises (whether performance or inflows), will affect NAV pps calcs quite rapidly.

[the_owl] 20/9/2010 12:11

FOGL (one of RABs less well-timed investments!) worth an eye - Rockhopper up 120p to 420 on Falklands Oil discovery/viability.

[jonnym] 19/9/2010 11:01

Although there have been higher trading volumes over the last few days, relatively little appears to have been bought back by the company and,so far, the price has been resilient to the profit warning. Also the company was buying small amounts right up to the announcement as were others. So who is buying and why? If existing shareholders are increasing, perhaps below RNS trigger points,then as The Owl says above,the free float will decrease further and additional company purchases could have a disproportionate impact on the share price

[edmondj] 17/9/2010 22:44

Still quite a nasty surprise in the trading statement, what are the combination of factors on the cost/revenue fronts, to cause such a shortfall?

[the_owl] 17/9/2010 21:00

Maybe bit contrarian here, but I think we'll see a sharp upward reaction very soon back towards 18p-20p (NAV) mark.

DYOR on: 2009 divis + buybacks (£12.5m)- makes £5m+ charge seem affordable, 2002-2005 asset base (2005 cash £35.7m, as compared to c£90m now), relative AUM climb over these years, only c160m shares tradeable. Profit performance seems qickly recoverable to these levels as proverbial bull has been taken by proverbial horns, generating some certainty about the company.

[kpe] 17/9/2010 13:10

I reckon theyve had long enough to turn this company around....time to wind it up and give us the asset value...........

[targatarga] 17/9/2010 11:49

Salpara111 - perhaps the drip drip drip is yet to come.... imho

[salpara111] 17/9/2010 11:43

Must admit I expected these to open at about 7p this morning...not clear why there has been no real reaction.

[the_owl] 17/9/2010 10:35

Taking the bull by the horns as they say...

[joe say] 17/9/2010 08:07

perhaps things are so bad that they never knew themselves !!!

[erebos] 17/9/2010 07:33

why the huge spike in price and volume followed by such a downbeat trading statement? Very odd indeed

[joe say] 17/9/2010 07:14

that is an understatement

and all that nonsense about 6% shortfalls being immaterial - unbelievable !!!

[topvest] 16/9/2010 20:49

Odd that the share price rose strongly earlier in the day. At least there is a strong net asset position to fall back on. They do need to significantly reduce their costs now, given they only manage a £1m of funds. Be interesting to see what the price does tomorrow. I guess that's the final dividend gone!

[partner] 16/9/2010 19:38

Thank's for link.

[partner] 16/9/2010 19:19

Sorry,but what profit warning ???.Nothing showing on my monitor could you please post.

[the_owl] 14/9/2010 22:22

One thing with these share purchases. Can't be bothered to do the detail but roughly speaking, add treasury+directors+santofina & you get 65-70% not going anywhere fast leaving perhaps 157m shares ('bout 30-35%) tradeable.

If RAB do manage to turn things, that isn't a lot to go around & is some comfort perhaps. Still waiting for a shot at 10p.

[the_owl] 13/9/2010 19:30

Um... fund NAV estimates updated on website for 9 Sept. Forget my last post - this time nearly all of 'em seem to be on the up! ...I guess reflective of the markets in general.

Whether they cancel them or not, the Treasury shares won't be going anywhere fast (even if they are somewhat small in size). Interesting times...

[jonnym] 13/9/2010 17:51

Interesting day. Nearly 5m traded but only 53k bought by the company.

[cinghiale] 11/9/2010 08:53

RAB Capital is a very badly run business with a truly second rate management. It should not be quoted even on the Aim market.Their reputation in the market is as bad as it gets.You will not hear a good word spoken of them.AVOID at all costs.

[the_owl] 10/9/2010 12:55

RAB need to brush up on their communication skills a little me thinks. The market was not told of Mr Soox appointment nor much about the plans there (even though the website does contain more). Nor was the opportunity taken during interims to say very much at all.

Looking at the web site, the fund NAV's est/confirmed figures are ok - some up, some down. Long/short funds look particularly good. Europe/UK hitting high's, gold/oil commods at good levels yet still Sp trades well below NAV.

Small purchases for treasury will do little. Decisive action is needed for the company to indicate what it thinks its worth now, and realistic/evidenced future projections. They should buy and cancel millions of shares to get back to at least NAV to demonstrate confidence (as happened before) is my view. Also put a rocket up the comms people.

Despite being one of the better AIM companies, and while planning to buy another 5th of my intended position when the share price reaches 10p, the lack of communication is typical of what can cause liquidity to dry up, and absence of interest (or more usually selling of stock) as better trades are found elsewhere.

Hopefully the new chap will be able to instigate some changes - his pedigree looks good, but only time will tell.