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RDL Rdl Realisation Plc

59.70
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rdl Realisation Plc LSE:RDL London Ordinary Share GB00BW4NPD65 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 59.70 56.20 63.20 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Rdl Realisation Share Discussion Threads

Showing 51 to 73 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
27/4/2015
10:02
Thanks, jonwig. I was concerned by the level of gearing too, but decided to take a small stake, selling my P2PC to invest the proceeds here instead. The 10% target was just too hard to resist, particularly with most of the portfolio being secured.

Here's the latest idealing advice re: allocations, with some fairly significant scaling back having been applied:

The Ranger Direct Lending Fund plc Share Offer closed on 23rd April. Allocation Announcement: Clients who applied for the minimum £1,000 receive 100 shares each, corresponding to £1,000. Clients who applied for more than £1,000 receive 100 shares plus 47.72% of the excess amount, rounded down to the nearest share.

Example: An Application of £10,000 will receive 529 shares (100 shares + £9,000 excess x 47.72%, rounded down to the nearest whole share = 429 shares)

We expect to be able to credit client accounts with successful allocations on 1st May. Trading symbol: RDL

wirralowl
26/4/2015
05:52
We'll see how it goes, Wirral. You need to keep a watch on the US economy, of course - a recession there would probably increase default rates on their loans, and of course, they are gearing up their fund by 50% from the start.
jonwig
24/4/2015
08:41
Offer closed a day early, taken from idealing:

The Ranger Direct Lending Fund plc Share Offer closed at 5pm on 23rd April. The announcement of the results of the issue are due on Monday 27th April. We expect to be able to credit client accounts with successful allocations on 1st May.

Trading symbol: RDL

wirralowl
22/4/2015
09:21
Thanks for starting the thread, jonwig.

A bit more 'meat on the bones' in an interesting article from whichinvestmenttrust.com :



In summary:

Fast Facts

New IPO seeking upto £135 million
The trust will invest in loans to SMEs on Direct Lending platforms
Seven platforms will be used initially but the number will likely increase
Targeting a 10% annual dividend to shareholders
12-13% annual target total return after all costs
Dividend will be paid quarterly with the first payment expected in December
Manager Ranger manages money for institutional pension funds including National Grid
Management team has around 20 years experience in lending and underwriting
The trust can borrow up to 50% – though high for a trust, banks are more highly geared

Important Dates

Offer closes on Friday 24th April 2015
It’s available via a number of platforms including Alliance Trust Savings, AJ Bell, TD Direct

WhichInvestmentTrust.com View:

The high yield will prove attractive to many, but the lack of a track record by the management, together with the very high performance fee will tempt some to wait and see how the trust performs.

Should performance be as expected, the managers will likely return to the market to raise more money, which will present investors with another opportunity to invest again but with the benefit something of a track record.

wirralowl
18/4/2015
06:26
Dave - secured makes it more palatable - so that will be mostly property assets, and in the US.

Key details on TDD website are min £1,000, increments of £10; must be an individual not joint account; closing date 24 April.

jonwig
17/4/2015
11:11
I like the fact that their aim is to lend 75% of their funds on a SECURED basis.
davebowler
16/4/2015
14:25
nice one .g luck .
you can add my city wire link from fix on this if you like.

jaws6
16/4/2015
06:28
Documents to date don't appear to include the offer size or increments. Quite a few brokers seem to be offering it.

I'm very sceptical: is this a bull market mania offering with its 10% yield target and fat fees for the managers? ... basic fee is 1% (of gross assets) and a performance fee which looks easy to earn.

Yield is achieved via gearing up the fund by borrowing up to 50% of NAV - in other words, an eye-watering 50% of initial funds raised at IPO, and maybe more if NAV increases.

Target is to raise up to 13.5m shares at £10.

jonwig
15/4/2015
18:00
This might be over-risky, rubbish even. But a likely yield of 10% means it's worth at least a look.

And it's marketed to the public.

Documents here:

jonwig
08/5/2008
10:49
Results out tomorrow, but I'm in here due to fact that it's massively oversold. Should rise very rapidly and very soon. Trading on the Canadian index has been excellent with big rises in last few days. Far higher volume traded in Canada, but somehow has remained under the radar here. Strong buy!
foxette2
25/2/2003
14:52
From professional recruiter

Creditors fume over RDL buyout claim

posted 09.05am 25/02/03
Richard Staines





Furious creditors of IT recruitment company RDL have accused its management team of buying out the firm to avoid paying debts.

RDL went into administration earlier this month and suspended its shares from trading on the Alternative Investment Market.

The creditors claimed that as the firm was going into administration, managing director Andy Richards was brokering a management buyout deal.

A disgruntled creditor said: "What they have done is rid themselves of all the debt and all the creditors that they owe money to."

It is alleged that a new company, RDL Corporation, which has the same management team, now operates from RDL's Woking offices.

Richards has been unavailable for comment since the company admitted it was in financial difficulties a month ago.

The major cause of RDL's problems was its £14m purchase of the IT recruitment company M3 in August 2000.

Two legal claims were made against RDL before it went into administration. One was a resurrection of a legal battle with rival Jobserve, sources have claimed. Jobserve MD Robbie Cowling was unavailable for comment.

snappy
06/2/2003
16:33
They think it's all over, it may be now. ;-)

RNS Number:1772H
RDL Group PLC
06 February 2003

RDL Group PLC ("RDL")

Appointment of joint administrators and suspension of trading

Further to the announcement of 28 January 2003, RDL announces that the
negotiations between RDL and the vendors of M3, a company that RDL acquired in
August 2000, have broken down. In addition, RDL has received notice of two legal
claims against RDL that it is unable to meet.

As a result, RDL announces that today it has been granted an administration
order by the high court. Shay Bannon and Dermot Coakley of BDO Stoy Hayward have
been appointed as joint administrators of RDL.

Accordingly, RDL has requested that its shares be suspended from trading on AIM.

End


This information is provided by RNS
The company news service from the London Stock Exchange
END

tony14
28/1/2003
22:44
At least The statement predicts a reduced profit(or at least EBITA)rather than a loss. Providing the cash flow is positive the co should survive and at 7p looks a (risky)buy
hosede
28/1/2003
19:09
buy the company for £1.2m ______ pay £5m to settle M3 ________ £6.2M in total
wham2003
28/1/2003
18:59
1.2m market cap!

how low can she go? Actually, if it goes much further down I could afford to buy the whole company

matwsn
28/1/2003
08:52
RNS Number:6876G
RDL Group PLC
28 January 2003



RDL Group PLC ("RDL" or the "Group")

Trading Statement

As indicated at the time of the interim results (announced on 23 May 2002) and
the subsequent trading statement made on 25 July 2002, trading conditions in the
IT recruitment market have proved particularly challenging. The market for IT
contractors remains weak and there has been a continuing lack of demand for
permanent placements. In view of this, your board believes that the Group will
report profit before tax and the amortisation of goodwill for the year ended 30
September 2003 that will be significantly below current market expectations.

The results for the year ended 30 September 2002, which are anticipated to be
released in mid-February 2003, are expected to be in line with current market
expectations.

The Group has reacted to these market conditions by taking costs out of the
business and it continues to reduce its cost base through an extensive
rationalisation programme. The board believes that this rationalisation of the
business means that the Group is now better positioned to take advantage of
opportunities as and when they become available.

The board of RDL also announces that they are presently in advanced negotiations
with the Vendors of M3, a company which RDL acquired in August 2000. These
negotiations relate to the settlement of the #5,000,002 deferred consideration
that is payable to the M3 Vendors. Shareholders will be kept informed of any
developments.


End

This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTBRMRTMMITBRJ

tony14
28/1/2003
08:50
there she blows MGD
snappy
24/1/2003
14:08
oh dear 11/12 and looking like it'll push lower as well.

no egg for me thanks MGD!

35K shares traded at 6p today somebody is confident

snappy
18/1/2003
00:59
MGD,

RDL and SBG are the two IT staffing agencies most likely to go bust/tap shareholders for extra cash (if they are able to) to support themselves in the near term and they will struggle to provide themselves with working capital when the upturn finally comes imho of course.

These two are the ones I expect to really struggle in my bakers dozen. Some others will rise very nicely.





And no I don't want egg with that if it's alright ;-)

snappy
17/1/2003
12:16
Snappy, tell me something i don`t know! Up she goes, down she goes; is there more to the Snappy lexicon i wonder..?
mgd
16/1/2003
15:27
Down she goes on no volume or is there a delayed sell in the pipeline!
snappy
09/1/2003
14:45
Down they go again
snappy
08/1/2003
09:28
When are the final results due for this outfit? Interims in May, so final's imminent. The last set of results indicates a Co. overburdened with debt and a liquidity problem.

Regards

tony14
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older

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