RAM Share Discussion Threads

[steddieddie] 28/8/2013 10:01

For sure on most points "T". Just not quite so sure on the new investors angle. I reckon money talks in any language and if they sniff a bargain, perhaps an even greater one due to the circumstances, that'll be the driver here, not TB.

For me, all down to what's on offer in the forward plan and at what price. Even at worst, the TB situation is a transient one for RAM. TXO is something else.

[t-raider] 28/8/2013 09:02

A sorry state of affairs never the less and certainly not endearing to the market or new investors.

Lets hope TB gets bought out and good riddance.

"T"

[steddieddie] 27/8/2013 23:31

TB's possible motives are no doubt several but, personally, against the backdrop of the HSI results, I can only think he wants to be taken out.

If nothing else, his action should smoke out information on plans and also the finalising of associated funding. Whether that weakens TB's hand at all remains to be seen since any funding needs to apply pre-emption rights, giving all shareholders the right to participate, unless and until they hold another meeting to vote in favour of disapplication of the same, once they gather sufficient support in order to win the vote.

Under the Act, they now have 21 days before they set a meeting date which must then be within 28 days after that. That said, I see the relevant clause of the Act has sub-clauses that look to provide a certain level of defence to Companies so let's see. Either way, Ints are clearly due within the same period so should be an active near-term!

Gen...hard to see any relevance at all of that last one. This is what matters to TFX:

21 June 2013

RAM announces an update on TrainFX Ltd ('TrainFX"). RAM owns a 30% interest in TrainFX, which specializes in the production of Passenger Information Systems ("PIS"), a statutory requirement for trains rolling stock which is planned to operate after 2020 or is refurbished at any time. Following a lull in the market following the West Coast mainline franchise challenges, the publication of a new timetable for the bids for UK rail franchises means that rolling stock upgrades and new commissions are now being authorised.

As a leading supplier of PIS TrainFX is well placed to benefit from this activity. It has informed RAM that it is has received purchase orders and has been nominated as the preferred supplier and expects to complete contracts with two of its customers for an aggregate of GBP3,317,000 in the near future.

[genises] 27/8/2013 22:05

China Trainmakers' Profits Decline on Lack of New Orders

By Jasmine Wang - Aug 27, 2013 5:00 PM GMT+0100.
.



..



China's biggest trainmakers said sales and profit fell in the first half after the nation delayed orders for bullet trains.

CSR Corp. (1766), the country's biggest trainmaker and a partner of Bombardier Inc. (BBD/B), and China CNR Corp. said China's economic slowdown also damped operations in the period.

China CNR expects a "steady growth" in the second half as state-run China Railway Corp. has opened a tender for 91 bullet trains, ending a two-year order hiatus. The purchase comes after the government pledged last month to speed up rail investment to promote urbanization and help boost economic growth.

"The trainmakers were adversely affected by the lack of new orders in the first half," said Xu Minle, a Shanghai-based analyst at Bank of China International Ltd. "Looking ahead, things will be better as the tenders for trains have begun and the government has voiced its support for the rail system."

[genises] 27/8/2013 21:46

I see a director in trainfx was also terminated may 13th.stephen ollier

[t-raider] 27/8/2013 16:45

I have no wish to go back in time on this as TB's tenure was not a happy time.... just want some understanding of what the BoD's strategy is for the future and some indication that it might work.

Not much of either at present.

"T"

[ih_318421] 27/8/2013 15:50

My guess, for what it is worth, is that this has nothing to do with TB having a better idea how to run the company and is all about TB's badly bruised ego. HSI is going down the pan, he is under enormous pressure at TXO, all his other ventures are failing / have failed - Alpha Prospect is largely worthless and useless as there is no market for the shares.

As long as the other majors standby the management, I can't see this latest bit of sabotage getting him anywhere. However it will further harm the reputation of the company undermining investor, creditor and customer confidence.

Could just be a ruse to get the other majors to buy HSI and Alpha out, but I think it is unlikely to work.

[genises] 27/8/2013 15:25

T
I have enough shares even at these prices.
Why let him BACK IN when all he has done is lined his pockets with no doubt a large salary.Why did we buy shares in ALPHA when we are a media digital tech company.
Sorry but it looks as someone is looking after his own interests rather than RAMS.
Good to see some one stand up to a felling xCEO.
Shame the board at RGT hadn't done the same
Who was it who said Ram would be in profit first quarter.

If we see those other contracts or know talks are in discussion then TB will find it difficult to remove them.
Question was why were they not voted off the board at the AGM when they had the chance.

Ordinary resolutions:

1. To receive the Report of the Directors and the financial statements for the period ended 31 December 2012.
2. To approve the re-election of Richard Prosser as a Director of the Company.
3. To approve the re-election of David Binding as a Director of the Company.


Just a thought this may be the last time TB has enough shares to remove the directors.
If a fund raising is being organised then ruffer stake will increase while TB Will be small.

[t-raider] 27/8/2013 15:09

Oh... cheap votes to be picked up at this price mind..... ;o)

"T"

[t-raider] 27/8/2013 15:09

TBH... if it means the BoD has to explain their strategy for the future and TB offers his contrary strategy, so an informed decision by investors can be made... I'll take that.

Don't know where this company is ( other than in a bad place from the cash position and share price perspective ) or where its going....

See the interims turnaround a poor first quarter in to positive territory and the BoD might have more supporters. Interims expected September I believe...

The company is a laughing stock at the moment though.

"T"

[cgod] 27/8/2013 14:55

He sees value in RAM. game on then, share holders to get shafted.

[yorgi] 27/8/2013 14:31

He does not want to go quietly that's for sure.

[northwards] 27/8/2013 14:19

you couldn't make it up re: todays rns...

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

Wow those 90%+ losses really hit a nerve there.

I did warn of price drop on this board after consolidation by a factor of 10 if you want to go that far back checking ADVFN profiles, sad person you are methinks.

Like I said, sick dogs should be put down.

[t-raider] 23/8/2013 20:08

And your interest here is what ?You must be busy if you flag lows on all aim stocks... and some what sad.I guess all your shares keep hitting all time highs... what a hero you are."T"

[29palms] 23/8/2013 18:22

Down 9.1% to another new all time low.
I fear it will go even lower still.
Nothing but a sick dog.

[ih_318421] 23/8/2013 10:00

SE whilst I admire your optimism and agree if you are really lucky you will be right. However given the reality of the situation, a far less orderly eventuality is the by far most likely outcome. There are many permutations, however dissolution invariably follows liquidation in cases like these. I have already said I do not know (and have no way of knowing) what is going to happen at the AGM (and neither do you), just highlighting that TB does not control the company (as you incorrectly thought he did) and he has let a lot of the same people down in exactly the same way on a number of other investments. You are right to point out where my research could have been more thorough and where maybe I should have used more conditional terms, however you have presented no evidence that contradicts anything I have suggested - you cannot have it both ways.

I have said repeatedly that getting rid of TB is the best thing RAM have done. However trying to read his warped mind will not help you find clarity:

"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?"

I have seen TB do so many totally inexplicable things in relation to TXO, including taking enormous risks that have no possible benefit, that even I would not try to speculate what his real agenda is with RAM - a bit of a Clancy Cliche, but there is no rule that says things have to make sense. And very often they do not, even after the event. Disorder and logic defying chaos is so often the reality and I am sorry if that rots up theories based on neat logic and everyone working out what the optimum solution for everyone is and then working together to achieve that optimum solution. This rarely occurs in organised environments like say government or even the military, let alone in the chaos that is the unlisted company and AIM markets.

I am not trying to make mischief, just informing people of the facts and what my experience and analysis says is the most likely outcome. People must take their own views on that and make their own investing decision accordingly. It is therefore good for informed decision making that we are having this debate and nobody needs to accuse anyone else of being malicious in anyway.

It is a shame that the TXO children who come on to vote down posts like this have had their tiny minds so poisoned by TB's errant nonsense about malicious posters with multiple aliases that they FEAR the sort of debate we are able to have.

[steddieddie] 23/8/2013 00:34

DS...not in the least uptight. If anyone seems to need calmer waters it would appear to be yourself my friend. All this on the back of one share in one of his companies? Obsession or what?

Myself I have a RAM shareholding that is neither the cornerstone of my portfolio nor my life and nothing you say here worries me too much, if at all. If anything at all these days, TB's troubles or otherwise can surely only be a transient matter for the SP, not the business. steddie by name and steady by nature mate, sorry to disappoint yet more of your occasionally thin conclusions.

Wild accusations? My word, calm down, sailor, calm down. I thought I just posed some alternative questions to either chew on or answer. That's what these forums are for, right? You have provided more information now. You must surely agree that this would have been better to provide in the first place.

Notwithstanding your account of what can be done by shareholders, I see no convincing reason to draw a conclusion that it will be done. On the basis of your somewhat indiscreet personal information about a couple of HSI shareholders here, you insinuate a negative vote for 17.75% of the stock. I must point out to you that neither is 17.75% a majority and where in what you say is it plain how you know that they will vote at all, let alone negatively? Is it on this scant evidence that you want your conclusions to be taken seriously?

Thank you for your view of what a majority vote of shareholders may decide to do iro voluntary liquidation. I do not claim any expertise. However, unless and until you present stronger evidence of an intention to vote in this way by such a majority, I cannot see how you arrive at your conclusions very safely, unless of course you are determined to do so.

You mention the dissolution of Equity for Growth for some reason as if to suggest that there's good "form" here. Aren't liquidation and dissolution entirely different things? If so, why do you seek to obscure the vital difference?

Of course DYOR everyone. For me, on the basis of what you present here, I reckon you are well ahead of yourself, drawing thin conclusions on scant evidence over forward events, the outcomes of which you talk of with such certainty as if they have already happened. They have not and, for me, nothing you present here is very persuasive that they will with the level of certainty you espouse.

If indeed HSI does hit the buffers, I stick with my view that "a firesale through the market" is the most unlikely of events whereas seeing off TB from his remaining RAM connection could equally be seen as a strong positive for the medium to longer term, especially so if the shares fall into long-term hands. Surely you would agree with that lol?

However, isn't it amazing how you can turn absolutely everything into a negative spin despite, in the same scenario, your implied and contradictory noise about the price being high enough ABOVE whatever a block buyer might have paid to sustain a "trickle out (lol)" of c. 8m shares without killing his very ambitions. Which way do you want this supposed RAM armadgeddon?

Anyway, I'm falling into talking about this as if it's a fact when it isn't. A possibility but one which, in my view, is likely to be met with a managed outcome should one ever be required.

Night, night. As ever, just my thoughts for what they're worth. Doubt if I can add anything more to the debate so I'm outta here at least until RAM gives us something real to discuss.

[ih_318421] 22/8/2013 23:12

I see the TXO children are out late at night voting posts up and down. The sooner ADVFN removes that silly idea the sooner proper discussion might return to discussion boards.

[ih_318421] 22/8/2013 22:20

SE

I had not checked all the companies listed, but I have now, and can confirm that as far as it is possible to tell, TB does not speak for any of them.

You have done your sums 33.78% is, as I said, not a majority holding.

Mel Morris used to be quite close to Tim and Melanie Haime is Mel's girlfriend and has been a director in some of Tim's other failures.

Companies can be put into liquidation by their creditors or can go into voluntary liquidation. As RAM know, under section 303 of the Companies Act 2006, only 5% of the shareholding is needed to call and EGM or have a resolution put at an AGM. There is an ordinary and special resolution on the AGM agenda to issue more shares in HSI. If these resolutions are defeated (the expectation would be that existing shareholders would be invited to put their hands in their own pockets) then where else is there for a company whose total assets no longer cover their current liabilities to go? By what process was Equity for Growth dissolved just recently?

"the only way out of RAM for HSI would be a "managed" block sale.

Shouldn't be too hard to arrange at a certain price".

"I did not suggest it would be easy to arrange."

You seem to be getting very uptight about this SE. All I am doing is pointing out facts and my interpretation of them. You seem to be throwing out wild accusations and contradicting yourself. Calm down, do proper research and if this throws up genuine contradictions to what I have posted please raise them calmly and rationally and I am happy to discuss them, amending my analysis accordingly if justified.

The bottom line is that the impending collapse of HSI is very bad news for RAM shareholders. RAM shareholders need to do their own research and take account of this factor in their investing decisions, surely you agree with that? I agree a block sale is a possibility and would be better than fire sale through the market, but is of itself not great news. The price the deal was done at, if indeed it is done, would be announced and there is no guarantee that the block buyer would not turn round and trickle them out through the market whenever the price was above what he paid.

There is also the issue that another "TB company" Alpha Prospects has a large RAM holding thanks to a paper swap arranged by TB. Alpha Prospects is also broke and when the Tasmania disaster blows up in TXO, HSI and Alpha's faces, as it will very soon, there is every likelihood that Alpha will start selling RAM as well.

[steddieddie] 22/8/2013 21:28

Why can't you stick to the TXO thread with TXO matters, where TB is still on the Board? As for RAM, he no longer features in the management and, as for the shareholding, I'm sure you might be taken more seriously if you resisted adding 2 and 2 and making 5.

"The Baldwin Family are not Majority holders." Really? They evidently speak for 33.78% by name, do you know that they do not also speak for some of the Companies named in the list? If so, say so, or your statement is nothing more than mischievous speculation.

"A number of other quite large holders are no longer as buddy with TB as they used to be." Really? Which ones? What %tage do they speak for? More mischief?

"Wait and see what happens on 13th Sep." Let's do that, eh? Please explain how a shareholder or a number of them in concert "...may decide to call it a day and put the company in liquidation". By what process? Seems to me liquidation is a matter solely for creditors. Shareholders may elect to dissolve but surely cannot do so unless there are no liabilities. Please illuminate us.

"A block sale may not be as easy to arrange as you suggest." I did not suggest it would be easy to arrange. If I did I not not mean to give that impression. I merely meant to suggest that this is the only realistic means to dispose of such a shareholding in an inactive stock such as RAM currently finds itself. What are you saying yourself? That, by comparison, selling the HSI stock in the market would be the easy and/or viable alternative? Do me a favour!

(Edit) In any case, we are still short of any rational theory why someone apparently engaged in a power struggle with the new RAM Board would want to lessen their existing influence. If the answer is that they would have no choice then that is also surely the first step towards a solution from a RAM perspective rather than the reverse?

[ih_318421] 22/8/2013 21:14

Pembury,

I went through all this weeks ago for newvest. As this is very much off topic for this particular board please read it on the board where I posted it.



If you have nothing to say that is of interest to RAM holders, then you really ought to stop posting here.

[ih_318421] 22/8/2013 19:31

Beware of TXO ostriches they will pretend that I have multiple aliases - I have 1 it is Drunken Sailor and as an Ihub poster, If I do not log in I come up as my ih number. They will also pretend that I am making things up because I have some sort of personal vendetta against TB. They will completely ignore the fact that my research and analysis on TXO has been as close to spot on as anyone without actual inside ifo can get and I have routinely proved wrong the TXO stooge who does have inside info.

What I have posted here is fact, DYOR and make your own investing decisions. I do not know what HSI share holders will decide at the AGM nor how the sale of assets will be done - nobody knows that until the time.

As a PI myself, I am on the side of PIs, even PIs like Pembury who know full well I am right most of the time but can't bring himself to publicly admit it.

[pembury] 22/8/2013 18:50

Beware ih_318421, i think he and TB have some issues