RAB Capital Share Discussion Threads

[topvest] 21/1/2011 08:22

A bit of a brief statement today. They are not exactly trying to help the share price are they!

[traderabc] 14/1/2011 12:55

If this is the bounce, it's very disappointing. It 'should' have gone straight to 13, if it breaks down convincingly under 11.5 I'm looking to exit sharpish.

[the_owl] 11/1/2011 14:39

QP
I agree. Looking to build further in next 3 months.
Rab funds seem to be going in the right direction recently.

Owl

[quepassa] 11/1/2011 14:25

Upon reflection, the cancellation of the old options and new award of management options at a revised 15p and 20p level is a realistic level based upon current market situation.

The old option strike prices were no longer relevant post the general finacial crisis of 2008.

A target of a 50% uplift and a 100% uplift in share price looks very achievable given the strength of the balance sheet and will be incentivising for management to do all possible to move the business and share price forward .

In my view, the current share price looks like a very attractive entry point.

ALL IMO. DYOR.

QP

[traderabc] 06/1/2011 08:57

I didn't manage to find out anything, but gone long anyway, hopefully some strong support down here on the chart, and this is the rebound.

[quepassa] 06/1/2011 08:36

Do not rule out the possibility that they want to take it private on the cheap.

ALL IMO. DYOR.

QP

[traderabc] 05/1/2011 12:52

topvest, I've just asked the same sort of question on the Ambrian thread. Thankfully I got out in time with this one. I was under the impression that RAB is/was like a tiny version of MAN group, one that is doing ok (ish) but under- performing in the longer time frame, still it's doing a lot better then this.

Aren't these sort of firms meant to clean up with the sort of volatility we have had over the last few years? They are meant to be professionals who benefit from the kind of turbulence we've seen, yet they appear useless at making money in this environment.

Redemptions cannot be the 'problem' anymore, so what's going on here? I don't understand it.

Looking to take a position in Rab if I can ever work out what's going on here.

[topvest] 02/1/2011 12:18

Shouldn't some of their mining investments doing rather well in this environment? From looking at the RAB Special Situations portfolio maybe not doing as well as they should. Nevertheless, prices of speculative mining companies with any story to tell have gone through the roof in recent months, so potential for them to cash up some of their investment portfolio at good prices.

[joe say] 02/1/2011 10:31

which makes the whole option repricing farcical, doesn't it ?

[woozle1] 02/1/2011 10:29

£90 of pure net assets (exc. goodwill) and about £60m market cap .. it seems that there is limited downside and the business could well attract a bidder ..W

[woozle1] 02/1/2011 10:29

£90 of pure net assets (exc. goodwill) and about £60m market cap .. it seems that there is limited downside and the business could well attract a bidder ..W

[joe say] 31/12/2010 08:42

bank mentality - if we do well, we'll take mega-bonuses etc etc, and when we do badly we'll ask all and sundry to bail us out

corporate greed at its purest.

[the_owl] 30/12/2010 20:17

I don't see things in quite that light chaps.

I think its as simple as it says in the RNS. Times have changed for RAB and regardless of eventual share price, better to hold options near the market than so far away (if options are to be part of a reasonable forward looking salary package).

Isn't it better to simply cancel prior options in favour of newer more attractive ones at no cost?

BTW very quiet on the boards. Their website suggests funds are a bit of a mixed bunch for Dec.

[swiss paul] 30/12/2010 18:38

yep - bit of a downer if you hold at those levels but an opportunity for those not yet in

[pseudosphere] 30/12/2010 13:17

From the RNS on 30/12/2010:

"This award and cancellation were part of a Company-wide scheme to exchange options at an exercise price of 40 pence and above which had ceased to provide the incentive to senior employees originally intended, in favour of a reduced number of options at 20 pence per share."

RAB are effectively stating that the management have no confidence that the share price will rise above 40p in the next 3 years! Such honesty is refreshing but disappointing to shareholders with negative equity.

[swiss paul] 07/12/2010 18:14

Any good news or updates - seems to be oversold

[the_owl] 19/10/2010 18:11

NAV spreads (except long-short) seem to be widening positively.

[quepassa] 18/10/2010 08:53

It will be interesting from a sectoral perspective to see if the BlueBay agreed take-over by RBC lifts RAB, as I expect it will.

Certainly it will help focus investor interest on the sector and perhaps RAB's cash-rich balance-sheet will receive more attention.

ALL IMO. DYOR.

QP

[layer cake] 08/10/2010 15:07

13 really is unlucky for this stock

[lgpixels] 30/9/2010 09:57

Any thoughts of MAM Funds Plc (MMF) with the results out today? RAB Capital is valued at EV/FUM 3.3% compared to MAM Funds at 1.5%. Arbuthnot have issued a strong buy recommendation with a price target of 40p compared to the current price of 20p.

[the_owl] 23/9/2010 09:53

The usual steady drip drip of AIM. 10p or less may yet be possible.

[edmondj] 22/9/2010 09:15

Is it wise to try and leg Mr Mittal over?!