Rasmala Share Discussion Threads

[rjmahan] 19/11/2018 14:22

Agreed - am lucky it was quite small for me but got out at a pretty poor price.



All very frustrating.

[hugepants] 19/11/2018 12:26

This looks like quite an unpleasant outcome. Delisting completely (no Dubai) listing and only tendering for 20% at 150p

[hugepants] 04/6/2018 09:23

Agreed. I was going to buy more but the spread put me off.
The results are much improved and they now claim to be in "growth mode".
Mention of the rising oil price which is key for the region. NAV is nearly 500p.

[rjmahan] 01/6/2018 15:41

There we go - good results
Should have added...

[rjmahan] 01/6/2018 14:19

They have until end June to post results or suspension...

3 trades hardly counts - one was for c£30 and the other two only a couple of grand...

Unsure whether to add or trim.

[hugepants] 31/5/2018 22:00

Volume picking up significantly here. That's 3 trades in 2 days which is way above the average of none. Not sure what's going on.

[hugepants] 29/5/2018 17:00

I don't think the final results have ever been this late. Given there are almost no trades in this I reckon its odds-on they will announce a delisting from AIM and a likely relisting in Dubai as they have previously intimated.
Will they make another tender offer to allow shareholders who don't want to hold a Dubai listed stock to exit?

[gltrading8] 14/5/2018 06:39

When will they release annual report????

[rjmahan] 07/5/2018 01:09

No sorry... I will cross that bridge when I come to it though there are some that let foreigners trade there.

[hugepants] 25/4/2018 13:50

Can you recommend any brokerage accounts that allow trading of Dubai stocks?

[rjmahan] 26/3/2018 17:01

These are probably for one of their real estate funds....

Relisting in Dubai isnt the end of the world - just need to open a dubai brokerage account - could well be an opportunity....

[hugepants] 25/3/2018 19:02

These shares are so cheap but until they clarify possible relisting in Dubai they may remain so.

[rjmahan] 06/1/2018 16:49

Directors / HSC3 all tendered... Actually thinking about it you would expect a change.

More interesting is now do they have enough cash to buy the whole thing?

[hugepants] 05/1/2018 16:22

Any idea what percentage the management hold now? Surprised there were no further holding announcements.

[rjmahan] 11/12/2017 20:00

Tendered out.

[hugepants] 11/12/2017 15:27

Somers completely out

[hugepants] 08/12/2017 16:17

yes agreed

[russman] 29/11/2017 17:11

Half the shares tendered.If you did not tender; % is doubled.A shareholding must have been triggered.

[russman] 24/11/2017 15:18

Suprised there are no holding updates.

[rjmahan] 22/11/2017 17:51

I didn't think tender would be taken up as much as it has been so have bought more here - not particularly sensible to sell at 150 and buy at 149ish but I will do anything for a few quid...

[hugepants] 22/11/2017 11:26

Interesting tender result. The shares are certainly a good deal cheaper now on a discount to NAV basis and they have half the market cap in unused tender offer money. Will they make another tender at a higher price?

[russman] 20/11/2017 09:20

Doubt the tender was taken up in full.
Discount to NTAV would have increased substantially.
Spread will hopefully stay smaller.
Back to share buybacks.

[rjmahan] 17/11/2017 16:29

I bought some extra at lowish prices then tendered those...

Suspect this could fall back post tender - where are the positive catalysts ?

[russman] 17/11/2017 16:12

I think the tender was at the wrong price.We will see how many shares were tendered.

[hugepants] 06/11/2017 12:20

yes that's what it looks like