Rdl Realisation Share Discussion Threads

[snappy] 08/1/2003 09:19

Well down she goes again, marked lower to encourage a bit of volume I suppose.

Could these have a financing problem in the not too distant future as detailed over on the 50% dillution thread?

[snappy] 12/11/2002 13:14

From NamesFacesPlaces.com

A couple of days ago, we gave you the story about how Alan Waksman managed to get a hold of 43% of SBS agency as well as getting 3.5m pounds from them, due to the fact that they couldn't pay the last 1m pounds of the money that they owed him when they bought his company ACI.

Well there's another agency who may have a worse problem than SBS and that's RDL.
RDL paid 14.5m pounds for M3 at the peak of the boom. However, 5m of that was in deferred payments, and that had to be paid in cash or in shares at the market value at the end of September this year.

Unfortunately, because of the market crash is tech shares, RDL were only worth 5m pounds by the end of September. Now they are only worth 4m, as their share price has fallen to 26p.
There has been no announcement as to what the agreement is yet. There must be very strenuous negotiations going on behind the scenes.

When it happened with RDL, the announcement came 6 months later on the very last day when the shares would have been suspended from AIM if there was no agreement. Alan Waksman was obviously playing a game of brinkmanship.

You can imagine that the vendors of M3, with 9.5m pounds in their pocket already, will be
holding the whip hand.

It is doubtful that RDL will be able to borrow the money against their assets, and the money that they owe to the M3 vendors is more than their company is currently worth.

How will they get out of it? I haven't a clue except to say that it is going to be very painful for the current owners.

[snappy] 01/10/2002 08:58

hosede,

Yep down she goes. I have 11 IT staffing agencies on a watch list and they are all very illiquid shares at the moment, large spreads and large price movements on anything more than a few thousand shares traded. this one has a particularly small normal market size of just 500 shares and few market makers hence the volatility on a 100000 shares traded in a day.

[hosede] 01/10/2002 00:40

You were right Snappy down it goes again - Profit taking? I guess the volatility is caused by the narrow market.

[mgd] 27/9/2002 16:20

Would snappy like egg with that..?

[snappy] 27/9/2002 14:24

hmmmm, perhaps somebody is keen to get hold of a few of these shares, maybe one of the MM's has a reasonable size buy order and a high limit price???

certainly seems to be going up whilst nothing else within the same sector is moving up, many actually still drifting lower on small sells.

[hosede] 24/9/2002 23:58

from 15 to 40p Snappy? I think it might be a bit more than that. An MBO in the offing perhaps. Directors already own an unhealthily large percentage

[snappy] 23/9/2002 18:34

it's called market makers pushing the price up whilst people buy the shares, if just a few little sells go through without some corresponding buys back down it will go.

[hosede] 23/9/2002 17:57

These have more than doubled in a few days - must be something going on and shareholders in the dark as usual!

[royalexile] 18/9/2002 10:31

and i've just sold what i bought yesterday for a nice profit!

isn't the bid only 25p? well i've just sold for 30p!!

[royalexile] 17/9/2002 11:49

but if there is only a small amount of stock in the market then the price will have to be moved higher on any volume of buying

look at what the MM's are offering, one is only offering 1000 & the other 500!
so they are obviously very short of stock

[hosede] 17/9/2002 10:53

Amazing what a couple of directors buys can do! Problem now is that with directors holding nearly 50%, the market is getting thinner still, and a low price buy-out could be on the cards - shafting long term shareholders yet again

[royalexile] 17/9/2002 09:39

and maybe 80% up today?

i have eventually managed to get hold of some of these

5,000, had to pay a premium for them when they were at 27p (28p) but i see that the offer has now shot up to 30p!

[jennie8] 25/7/2002 21:38

i fully expect this stock to close 80% down tomorrow i fear the worst

[tiredandweary] 15/7/2002 08:21

Am I right in thinking that this company has to issue 100% of it's share capital to satisfy an earnout, for which it already counts the value in its earnings figures?
won't the share price half?

[hosede] 29/5/2002 11:02

Managed to pick up another 10k at 31p so market makers must have stock on their books. I think they are doing reasonably well considering! To be in IT recruitment at the moment is the equivalent of selling ice in Greenland. Like a lot of small down and out techs in AIM they are extremely risky but if they come thru could easily be 5 or even 10 baggers. My policy is to have a spread of them, but its a bit like doing the hospital rounds at the moment. Let's hope the end of the plague is not too long in coming and not too many patients die in the meantime!!

[mgd] 25/5/2002 18:53

I too am a beliver, but worry about the debt position - did anyone attend
the AGM held recently...?

[hosede] 24/5/2002 10:26

I agree. Got these thru Systems international then bought some more around 45p. Trouble is the spread is huge and its very difficult to deal in a significant number of shares

[dan_bach] 23/5/2002 21:07

Interim results are published today...



Can be construed as very encouraging as the underlying profit was £676,000 but with exceptionals the overall figure is a loss of £40k.

Market liked the results and the price was up over 10% to 30.5p.

Could be a real big winner when the market turns and the company returns to profit. If £40k loss = 1.28 loss per share, a turn around could easily see this one on a P/E of 2-3.

[dan_bach] 14/2/2002 18:53

Any comments on today's results - startling headline growth figures but a loss in the first quarter of this year...

[mgd] 07/12/2001 22:13

Oh `king hell Danny boy; what`s happening...? This stock is so illiquid
it pours like treacle!!
________________________________________________________________________

[dan_bach] 07/12/2001 20:30

Opened the week at 74p, closed at 57.5p with three trades of 100k each going through today at 50p.

If the broker forecasts fr 2001/2 of 9.84 each year are to be believed thisone is looking dirt cheap.

I'll be watching next week with a view to topping up my old SYG holding.

[dan_bach] 31/10/2001 19:16

RDL Group PLC
31 October 2001

RDL Group PLC

Disposes of Loss Making Software Subsidiary

RDL Group PLC ('RDL' or 'the Company'), the IT recruitment agency which acquired Systems International Group Plc ('SIG') earlier this month, has eliminated approximately £400,000 from its cost base. The Company has disposed of SIG's 76 per cent interest in Deliver-e, which reported a loss of £379,000 for the year to 30 June 2001.

Deliver-e is a software company that has developed a business-to-business e-commerce application. The board of RDL is committed to the expansion of its IT recruitment activities, in the UK and overseas, and Deliver-e falls outside this discipline. In addition it is not clear if, or when, the company will move into profit.

Andy Richards, Chairman and Managing Director of RDL, commented: 'The IT recruitment activities of SIG fit very well with those of RDL. We are confident that there are considerable cost savings to be gained as a result of combining the groups and the disposal of our interest in Deliver-e is the first step in this process.'

_______

It's carefully worded but it doesn't actually say how much it got for the disposal...

[dan_bach] 23/10/2001 18:56

RDL Group PLC
23 October 2001


RDL GROUP PLC (the 'Company')

Additional Listing

Application has been made for 3,911,377 ordinary shares of 5p each in the Company ('Ordinary Shares') to be admitted to AIM. The Ordinary Shares are being issued pursuant to the acquisition of Systems International Group Plc. Admission is expected to become effective on 26 October 2001.

23 October 2001

[dan_bach] 18/10/2001 18:56

RDL Group PLC
18 October 2001

RDL Group PLC

Offer for Systems International Group Plc



Offer for Systems International Group Plc declared unconditional as to acceptances

The Board of RDL Group PLC ('RDL') announces that the offer ('the Offer') made on their behalf by Smith & Williamson Corporate Finance for the whole of the issued and to be issued ordinary share capital of Systems International Group Plc ('SIG') became unconditional as to acceptances at 3:00 p.m. on 17 October 2001 and will remain open for acceptance until further notice.