RAM Share Discussion Threads

[ih_318421] 22/8/2013 17:42

I have never held RAM, thankfully. The info I have posted comes directly from the HSI annual report, which I only have as a scanned PDF so have to type it out.

However more detail is available here and you can also buy the full report if you doubt what I am saying:

hxxps://www.duedil.com/company/03563572/hill-street-investments-plc/financials

The assets are mainly RAM and Pathfinder shares with a little bit of TXO and some unlisted stuff (like TOG and Tim's other failures like Silk Road and EfG) which are also pretty worthless.

At 31 Dec the assets were valued at £3.2M. Since then RAM is worth less than 1/3 of what it was and Pathfinder is worth about half what is was with, both looking like going lower in the time frame the assets need to be realised. Thus the overall NAV (as opposed to the net current liabilities) is almost certainly negative as well now, hence why I suggest shareholders may well decide to call it a day rather than have to put their hands in their own pockets to keep yet another TB disaster going for a bit longer.

I could sit back and chortle to myself, however my agenda has only ever been to get factual information out to PIs so they can make better informed investing decisions. What you guys decide to do about it is up to you. But just like everything I have posted about TXO and EEGC, it is entirely true to the best of my knowledge. I realise it is not what people want to hear, especially when they are sitting on a fairly horrible loss and hoping things are going to turnround very soon. There is no reverse Newtonian law that what goes down must go up and only complete mugs invest in something because the price is low - don't try to catch a falling knife.

I genuinely wish RAM the best of luck, they were absolutely right to kick TB out, but TB is still doing a hell of a lot of damage. I am afraid my experience tells me the absolute best case would be holding through some more horrible times with a lot of dilution and hoping at the end you may one day get back to above where you are now (if that is way underwater then you will still be way underwater after a rough few years). That is if the damage TB has done, and continues to do, is repairable at all. Bury your head in the sand and make wise cracks about one share etc all you want.

[t-raider] 22/8/2013 16:43

Don't say you hold 1 share here too.... sigh.

Its been the roughest of rides already... anything now is a walk in the park.

"T"

[ih_318421] 22/8/2013 16:39

SE that quote was from accounts dated 31 Dec 12. Since then the value of listed investments has fallen even further making the situation even worse. There is an AGM on 13 Sep. Although there is no resolution on the agenda to do it, the other shareholders may decide to call it a day and put the company in liquidation, a broker would then be given the shares to sell in the market.

I think there is a very rough ride ahead for RAM shareholders.

[steddieddie] 22/8/2013 15:08

No real surprise re HSI. Surely no way either that he will be able to dispose of his multi-million share holding except through an agreed trade sale.

I think I commented previously over the rationale behind his disruptive behaviour towards the new RAM Board. Hardly designed to improve the value of his holding at a time when he would seem to want the exact opposite.

So what's the game, especially against the backdrop of this (somewhat pressing?) info above (thanks ih_318421)? I'm open to suggestions but, for me, it kind of hardens the thought that his game may well be to be such a thorn that someone, say an existing major shareholder, makes "arrangements" to see him off through a bulk share transaction. I really can't see any other realistic way of him achieving any meaningful realisation of his assets here.

Who knows, perhaps the battleground we're currently witnessing. After all, any buyer would want to screw him for all they could, wouldn't they? Kick a man when he's down and all that!

The only other thought of his recent actions otherwise is that he wants to regain control. If so, why? Does he really want to add to his apparent problems and preside again over a basket case or does he know that, say, TFX is finally set to deliver on its earliest promise as the value of the latest contracts would suggest?

As ever, DYOR.

[t-raider] 22/8/2013 12:24

Although I don't agree with your methods, TB does appear to be a pariah.

He won't get much for his RAM holding at these prices.

"T"

[ih_318421] 22/8/2013 12:19

Hill Street Investments going down the pan.

Auditors warning:

"the group has net current liabilities of £1,679,772 and made a loss of £2,284570 after impairment losses £2,074,714.

The group intends to repay debt THROUGH THE REALISATION OF ITS ASSETS [ie sale of its investments ie TXO, RAM and Pathfinder}........

Another Baldwin stunning success

[29palms] 21/8/2013 18:59

..and yet another new "all time" low
Cut your losses and run your profits so the saying goes.

Did warn months ago here after the consolidation by 10 that this would go lower.

As always,
DYOR

[t-raider] 21/8/2013 10:08

The Board of Directors need to prove that RAM remains and will continue to be an ongoing concern, befre there is the remotest interst generated.

At the moment, the lights are out as we're all in the dark !

"T"

[29palms] 20/8/2013 23:46

Yet another all time low today and there can be no doubt now - no investers here are in profit with relentless downward momentum month after month after month.
Someone please turn the light out.

[t-raider] 20/8/2013 11:04

The only saving grace is that the AIM market has been reacting positively in respect of certain stocks issuing good news.

Of course... all we need is some good news !!

"T"

[t-raider] 20/8/2013 10:41

Its fair to say this isn't a great deal of fun.

"T"

[cgod] 20/8/2013 10:33

Here we go again.

[bonio10000] 11/8/2013 21:36

Cgod still ramping this?

Stream deal?

Roflol

[29palms] 09/8/2013 23:59

you are all wearing bi-focals
vison i see is still a sick dog that needs to be put down

[cgod] 09/8/2013 07:47

I think we will find that in the first half year results, out in a few weeks time, with all the cost cutting and with TB not pulling a wage the past 3 months and going forward is looking a lot better.
Key to this is still TFX and Screen 3D. Could be a good time to buy in at 3p.
IMO DYOR.

[steddieddie] 08/8/2013 17:07

Actually, you misquoted cgod.

[cudman] 08/8/2013 16:38

Yep I quoted cgod, thats why I put it in a seperate paragraph.

I agree 100% 29palms. I formed that opinion about 4 years ago and haven't seen anything since to make me think I was wrong..... well the Stream thing looked decent, not much since.

[29palms] 08/8/2013 14:16

A new all time low today!!

Remember that this was consolidated by a factor of 10 so anyone sitting with these are on losses with long term holders sitting on approx 90%+ losses.

As previously stated by me on this board "sick dogs should be put down"

[cudman] 08/8/2013 12:04

Lol you are unbelievable steady.
Spin spin spin

"Outlook is positive" - what else are they going to say?
They have been saying it for years.

[steddieddie] 08/8/2013 09:46

Bono...I disagree. TB would be crazy to offload and I don't think he will. Such action would only serve to reduce what power he has, rather than the reverse.

For sure, TB can be a nuisance for a certain length of time but no longer has any control over events. Once funding is finalised, I expect his power to disrupt to be significantly reduced. On funding, I'm sure you're right that it won't be easy but I reckon it will be secured for all the normal reasons connected to investors seeing good prospects of making money.

In this regard, I think TFX's earning power is finally building and will surprise a few as we move forward. No doubt potential funders are currently being given a full insight on this alongside the Board's plans for future growth. For me, the level of interest in what they see will determine the near-term outcomes here, not the actions of a failed and disgruntled former Chairman.

[t-raider] 08/8/2013 08:52

Maybe they wanted to get the last bit of bad new out before the good times roll.....

Meanwhile, us shareholders continue to suffer.

I couldn't take anything positive from last nights RNS and am pretty despondent with this.

TFX and perhaps the Ruffer investment remain the only faint glimmers of light.

Whatever TB's motives... he's winning it would appear ( even if his own investment is going down the pan........ with ours. )

"T"

[steddieddie] 08/8/2013 08:49

bono...once they became aware, I'm sure it presented them with a very tricky situation, especially in view of the possible breach of market rules by the writer of the letter. The decision whether they needed to advise the market of events would usually be in accordance with their Nomads advice.