RAM Share Discussion Threads

[steddieddie] 21/5/2013 20:21

bono...I'd say true and possible but, for me, an unlikely strategy. Surely he needs all the votes he can get and no way would this be the way to endear himself to shareholders. Far more likely to reflect badly on himself rather than the new Board. In any case, for me, it'll be higher level issues that'll decide the way shareholders vote (apart from those parties with related interests). Namely, what's gone before and what's in prospect!

Either way, as "T" observes, there's obviously something worth fighting over and TB especially has the most to gain from a rising share price and vice versa so whereas I'm as frustrated as the next man while we await guidance and direction, I wouldn't say I'm afraid.

[t-raider] 21/5/2013 18:01

An interesting theory whilst we languish with this share price .. Not sure PI's will end up influencing the outcome that much, whatever the perception.Just isn't very pleasant for us existing holders.I remain frustrated at the time its taking RP and RAM to provide an update. We have a number of subsidiaries... An update on one of them will do for now !!If TB was leaking shares to try and influence the market, its at least in his interest for the share price to go up again eventually... so maybe an opportunity for the brave, reckless or clinically insane !"T"

[bonovox4] 21/5/2013 17:00

I think its fair to say that Tim Baldwin holds all the aces when it comes to peoples perception of this one now. He holds so many of these, a discrete unloading of a couple of hundred thousand alone could wipe 50% off this anytime - how does that make Mr Prosser look to existing holders in the build up to the EGM? I didn't think this one could get any worse but it could get a whole so yet I'm afraid.

[steddieddie] 21/5/2013 00:27

gen...I think the expectations for the flow of orders was well ahead of itself but, to be fair, has been affected negatively by both the recession and the Government's foul up last year of the new franchising arrangements for Virgin which then knocked on to delays for the rest.

That said, things have now stabilised in that respect and the 2020 deadline for implementing the EU Regulation hasn't gone away, only got closer, so the potential for orders now occupies a tighter timeframe, especially given the extended phasing of removing rolling stock from service that will be necessary.

I'm sure the new Board is very clear on what is required and I'm pretty sure that current circumstances will be focusing minds and actions with a view to delivering us their vision for a profitable future, notwithstanding what has gone before under other leadership.

DYOR

[genises] 20/5/2013 23:58

steddieddie
The expectations of contracts a few years ago from the train industry hasnt come yet.
May be we are about to see a few this year.
The new board need to show us the company is moving in the right direction.
My shares will be voted in their favour if they show us what direction we are going.
TB told us in a RNS all subsidiaries should be profitable beginning of this year.
It will also be interesting if this is true.
All three of the operating companies above are expected to show very strong growth in sales into 2013 and for the group overall to move into profits and cash flow positive next year.

[steddieddie] 20/5/2013 22:27

bono...agree re TFX and your observations on Stream over the period since January but not on the Stream business proposition.

As alluded to above, I reckon the silence since early year is mostly about developing the kit to a production standard before they could move the marketing on from exhibition to sales. If so, the oxygen should now be fairly close at hand and I have few doubts that the latest production-ready kit will cause a big stir/excitement and gain major adoption for the technology in the years ahead. The question for us is what part RAM ends up playing in assisting this and/or employing the technology in the advertising and exhibition market place.

[bonovox4] 20/5/2013 21:51

To be honest I don't see the excitement in Stream anymore. Very little to be found about anything related to it since all the hype earlier in the year and their website is terrible to say the least. Would prefer to see a few contracts come in for TFX and maybe for the company to take a change in direction.

[cgod] 20/5/2013 21:44

Stream is going to happen, as long as Tim is out, all to play for, news out soon.

[steddieddie] 20/5/2013 13:03

I don't think Stream getting the funding it needs is an issue, the only question for me is whether RAM will craft a way to be part of the action. I think you're right "T" - for further progress here, it looks essential that the new regime are not ejected.

As I understand it, the Stream kit, although acclaimed, was nevertheless only at a late-prototype stage and Stream has spent the last few months working with the Chinese manufacturer to develop the the production-ready models. I believe they are now there or thereabouts in which case I would not be at all surprised to see some life returning to this subject in the not too distant.

It's hard to see how the big boy investors would commit any funding to RAM on this front at least until the Stream product reached the production-ready stage and was then able to be demonstrated to interested parties, presumably along with the precise investment proposition. So if my understanding is correct, I could see a related marketing push kicking off anytime soon.

As ever, DYOR etc.

[t-raider] 20/5/2013 12:38

I think I am correct in saying its the new regime that have the main interest in Stream, but with current events and the share price where it is, I doubt the project will develop as they first envisualised.

Just have to wait and see on that one....

The delays in any update are helping no one here mind.....

"T"

[abadan2] 17/5/2013 19:36

Do you know where we are with regard to the Stream JV? RAM was due to invest £3.3m in cash, and stated that it would raise £4m to do this. The deal with TCA will not produce much money in the foreseeable future. Is there a danger that, if Stream does not get the funding it needs, it will get left behind as technology/competitors move on or that the Stream transaction will collapse?

[t-raider] 16/5/2013 20:14

I think its a given 2012 was a poor year and the results are sure to reflect this.One good reason why a change should perhaps be supported, as in truth its been a bad 2 - 3 years at least !That said, the market is supposedly forward looking and if the changes stick and the rumours of progress have foundation, maybe we will see a change in fortunes too...Not as if the share price can get much worse anyhow...At least the 2 parties appear to think there is something worth fighting over !"T"

[abadan2] 16/5/2013 19:54

Experience says that Board changes of this nature come ahead of disappointing results. Expect these to be put down to the new team "clearing the decks".

[northwards] 16/5/2013 16:13

Steddie - agree...by end of June for the new Chair to show the goods.

[cgod] 16/5/2013 13:31

Prices to buy have changed, 25k at 4.4p 80k at 4.6p they are bidding for 33k at the price. I see good news to come out any day now, thats my gut feeling

[steddieddie] 16/5/2013 13:20

north...assuming the request is seen to be a valid one (see Section 303), it looks like (see Section 304) a maximum of 3 weeks before the GM date needs to be set and then a maximum of 4 weeks later for the actual GM, seemingly giving the new Board a maximum of 7 weeks to persuade a majority of shareholders to stick with them.

With prelims (at the very least) between now and then, it looks like we're in for interesting times!

[northwards] 16/5/2013 10:55

I think there is every incentive now for the New Chair to deliver some material progress over the coming weeks and prove his metal - and strategy.

[bonovox4] 16/5/2013 10:23

I would agree Steddie - if someone were to purchase even a few hundred thousand of these right now it could push the share price up 20% +

I would imagine a group of us here could hold 5% + of the shares in issue?

[steddieddie] 16/5/2013 09:40

'Twas just a thought - theory sounds like an elevation! Didn't mean to suggest active mopping either, more a potential case of "latent demand" leading to a level of underpinning.

[t-raider] 16/5/2013 07:59

Wonder if we see any share price action today to give SE's theory of the background mopping up of shares some credence.....?Follow that with a 4th consecutive RNS perhaps....."T"

[genises] 16/5/2013 00:15

think again abadan2.
And watch for the next RNSES.
Sounds as if the CEO DIDNT like how his x ceo (ned) was talking to him and had the balls to get rid of him.
Time for us to see those elusive contracts for the shareholders to back the new CEO.

[abadan2] 15/5/2013 18:12

T - I have to agree with that statement, but I think it will be some while before it is possible to sell even £100,000s worth.

[t-raider] 15/5/2013 17:26

Well you get nothing for free in this world... if th3 day comes when £5m of shares can be off loaded in to the market, then we won't be where we are now... that's for sure.

"T"

[abadan2] 15/5/2013 17:19

I may be wrong but it looks like the £5m deal with TCA is a straight forward "pipe" deal! In other words, TCA will be happy to provide funding of £5m to RAM on the basis that it has sold £5.25m of shares ahead of this. This will happen in small blocks and be an overhang on the share price. TCA is unlikely to have any real interest in holding any shares, which is evidenced by the fact that they did not subscribe for any in the placing and were only prepared to make a loan charging 14%.

[steddieddie] 15/5/2013 16:58

Like others, I was surprised to see the share price react positively but, on reflection, perhaps this is a response to background demand from one or both parties for any loose stock, thus underpinning the share price from a MM pov?

What I mean by that is that both sides (and I reckon that includes Ruffer and perhaps others on behalf of the Board) will be keen to speak for as much of a % as they can by the date of the AGM so what better way to enhance their vote than by getting their hands on whatever they can between now and then - or at least be in the market for stock, whether successful or not?

Thinking further about it, I suppose there's also another possible angle to this - could TB be crafting a way to invite a bid for his stock from a party on the side of the Board? I mean it's not as if he couldn't do with the funds and the focus elsewhere. I think it was bono who commented yesterday how virtually impossible it would be for him to exit via the market so what better way than for one or more parties on the side of the Board to offer to take out his interest, thereby avoiding the prospect of disruptive action, whether current or future.

Just thinking out loud for what it's worth. On a personal level, still substantially sidelined with a family focus.