Share Name Share Symbol Market Type Share ISIN Share Description
Rasmala LSE:RMA London Ordinary Share GB00BNG83T81 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 140.00p 130.00p 150.00p 142.50p 135.00p 140.00p 0 11:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1.6 -8.1 -26.2 - 42.63

Rasmala Share Discussion Threads

Showing 76 to 100 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
10/8/2017
11:21
https://uk.advfn.com/stock-market/london/rasmala-RMA/share-news/Rasmala-PLC-Reduction-of-Share-Premium-Account/75420994 I think this is a necessary step completed before the tender offer.
hugepants
16/7/2017
09:58
The sub has gone from 2m profit to 2m loss in a year. Must be some lumpy investments.
russman
09/6/2017
14:34
Market makers taking the mickey, buying at 130p selling at 150p... dont sell to them !
rjmahan
30/5/2017
12:34
I do not feel that the tender will remedy the large discount to ntav.I suggest the share buyback via market purchases could manage the spread & discount more effectively.
russman
30/5/2017
12:11
Yes that will be key - I agree with your figures - 540p tangible NAV if all shares tendered. Also look at other resolutions - mgt ability to issue shares goes silly... I still maintain shares will just trade at a huge discount not rise to NAV, needs more catalysts.... I will likely tender some but not all.
rjmahan
30/5/2017
11:42
Thing is though Rob, the NAV is going to more than double if the £35M is all tendered. It will be interesting to see what the larger shareholders do eg. Somers.
hugepants
28/5/2017
21:42
HugePants - Nav will go up but question is will the shareprice - past history and the discount this has run at suggests it wont. Better to tender and buy back in - though I need to look through this in detail before reaching a full conculsion.
rjmahan
28/5/2017
10:40
So the plan is to tender £35M at 150p per share. If my arithmetic is right there are only 7.2M shares in issue after the tender and NAV rockets to approx 760p (£55M) and tangible NAV goes up to 540p (£39M). Begs the question do you tender or not?
hugepants
27/5/2017
09:24
Cannot see anything in the AGM notice about changing to Dubai.
russman
27/5/2017
00:58
No problem Papy...
rjmahan
26/5/2017
19:21
Well done rjmahan! I seem to recall this is 12% of your portfolio. Wish I'd had similar conviction - it's about 3% of mine after today's rise - but today's news and share price rise nevertheless much celebrated. Thank you for your insight and analysis.
papy02
26/5/2017
16:21
Good time to repost my argument, it still holds. hTTp://deepvalueinvestments.wordpress.com/2017/04/28/rasmala-returning-23rds-market-cap/
rjmahan
15/5/2017
09:15
Too much admin to trade in Dubai. I will not be voting for a move.
russman
14/5/2017
15:44
I will look into how to deal Dubai stocks it will be a pain but worth it...
rjmahan
14/5/2017
15:42
In my view a Dubai listing is not a delisting, just because td don't do it doesn't mean no one will. I also don't read it as a done deal. They need 75% to vote for delisting. In other instances registrars / nomads have provided dealing facilities... Plus you get 66% price back...
rjmahan
12/5/2017
11:11
I asked TD Direct if they trade Dubai stocks and they were non-committal. My impression is they'd probably find a way if pressed. Either that or surely some other broker could do it. Dubai isn't one of the major markets but I'm pretty sure there is more liquidity than for a delisted stock.
hugepants
12/5/2017
08:10
RJM - IF they remain on AIM then I would be with you; however you have to admit that it reads as though they are already committed to Dubai - just awaiting final permits. Effectively RMA would be delisted; so a very dangerous play IMO.
skyship
07/5/2017
22:46
They could but arent proposing that. I have no idea whether Dubai listing would lower discount... They are slowly bleeding money.
rjmahan
06/5/2017
09:53
The market discount to net asset value would widen considerably if the share price fell by the same amount as the distribution. It is considerable already. Can they increase the share buybacks aswell.
russman
03/5/2017
22:14
Having said that on AIM the shares have been valued at about 35% of NAV. Who knows but maybe if listed in Dubai they'd be valued much higher.
hugepants
03/5/2017
18:37
I would also - but I think we get a vote before any delisting if things are done properly and they need 75%
rjmahan
03/5/2017
13:26
So how easy is it to trade stocks listed in Dubai from UK? eg. I don't think TD Direct cover the Dubai exchange. I'd prefer they remained listed in London.
hugepants
28/4/2017
20:12
I have bought a touch more here - if they do return capital I dont think price will fall as much as distribution implies. hTTp://deepvalueinvestments.wordpress.com/2017/04/28/rasmala-returning-23rds-market-cap/
rjmahan
28/4/2017
08:28
http://www.investegate.co.uk/rasmala-plc--rma-/rns/final-results/201704280700106203D/ Final results out. Just had a quick look but they seem quite poor with NAV down to 295p and NTAV down to 242p. Most of the tangible assets are cash or marketable securities/financial assets. The good news is they are planning to return cash; "We anticipate shareholder distributions of approximately £20 million in 2017." That's 65p per share. They are also considering the AIM listing.
hugepants
24/4/2017
12:29
Have I got my maths right.They paid $6m for a seventh.Continuing ops were $2.6m last year.Clear as mud.
russman
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