Rasmala Share Discussion Threads

[russman] 06/11/2017 10:55

Appears there have not been many acceptances to date.

[russman] 26/10/2017 12:00

Not sure.50:50 at the moment.

[russman] 25/10/2017 19:54

Why stay listed.

[papy02] 23/10/2017 15:13

Anyone know which (or any) brokers will allow you to hold RMA stock in the event that the listing moves (exclusively) to Dubai? (Selftrade would not, unless it remained Crest-eligible, which seems unlikely?)

[hugepants] 23/10/2017 13:37

Yes very possibly. The NAV about doubles after the tender assuming the maxm allocation is tendered. So it would depend on what price was offered.

[russman] 23/10/2017 12:07

If the top 3 do not tender.But the rest do.It has been taken over on the cheap.

[russman] 20/10/2017 10:31

Tender price seems a bit cheeky to me.Too low.Have to check the share register.Who comes out best if the tender is taken up in full.

[russman] 18/10/2017 08:53

Surprised the bid has not tightened after news of the tender.

[hugepants] 16/10/2017 13:42

There's the tender. £35M at 150p which is 74% of the share capital. You have the option of tendering as may shares as you want.

[russman] 11/10/2017 12:34

Bit confused by 41m in the cashflow.What does it net off in the P&L.

[hugepants] 10/8/2017 10:21

I think this is a necessary step completed before the tender offer.

[russman] 16/7/2017 08:58

The sub has gone from 2m profit to 2m loss in a year.
Must be some lumpy investments.

[rjmahan] 09/6/2017 13:34

Market makers taking the mickey, buying at 130p selling at 150p... dont sell to them !

[russman] 30/5/2017 11:34

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.

[rjmahan] 30/5/2017 11:11

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.

[hugepants] 30/5/2017 10:42

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.

[rjmahan] 28/5/2017 20:42

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.

[hugepants] 28/5/2017 09:40

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?

[russman] 27/5/2017 08:24

Cannot see anything in the AGM notice about changing to Dubai.

[rjmahan] 26/5/2017 23:58

No problem Papy...

[papy02] 26/5/2017 18:21

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.

[rjmahan] 26/5/2017 15:21

Good time to repost my argument, it still holds.

[russman] 15/5/2017 08:15

Too much admin to trade in Dubai. I will not be voting for a move.

[rjmahan] 14/5/2017 14:44

I will look into how to deal Dubai stocks it will be a pain but worth it...

[rjmahan] 14/5/2017 14:42

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...