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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Raymarine | RAY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 18.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 18.00 | 18.00 |
| Top Posts |
|---|
Posted at 16/5/2010 20:36 by kab6 sorry daytrader, i was insensitive to the long term long side and i sincerley sympathse with what happened to longer term investors.big apologies |
Posted at 14/5/2010 20:21 by coley007 17. The exact amount available to shareholders will depend on the amount of any creditor claims that may emerge and the costs of dealing with the administration. Based on current information, this would equate to approximately 19.5 pence per share. |
Posted at 14/5/2010 16:25 by az209 0pPrivate investors screwed again. |
Posted at 22/4/2010 09:36 by edmondj You can't really judge this share because the board is treating investors as mushrooms in the dark, it clearly does not wish to publish the overdue prelim results and outlook statement - which will probably be cautious anyway since it appears as if they want to get the banks sorted and their pay-offs from the bidder, all a sweet done deal.Should the sale require an EGM it will however be interesting to see if they do have the basic courtesy to issue figures. |
Posted at 21/4/2010 15:32 by sea and sky "restassured - 21 Apr'10 - 14:46 - 3169 of 3173You are criminal in spreading nonsense about higher bids. It won't happen!" Don't forget the possibility of a hostile takeover. If as RAY says, the 7p possible bidder was a main competitor they considered 'harmful' (ie. "lose their jobs" as someone succinctly suggested earlier!) then the drop in share price would merely allow the 'hostile' to gain more shares. No... this is far from over. Even if RAY accept the poorer bid the 'hostile' could simply table a better offer. Are you suggesting that the shareholders would willingly accept a lower bid price? Surely not...IMHO the 'hostile' won't table an offer until they see what the 'friendly' bid actually is... DYOR of course, and as stated before I am a holder of a very small tranche. I didn't sell at 10p as I am morbidly fascinated by the outcome of this saga. I suggest any new investor avoids RAY like the plague though. Their management style (apart from bankrupting a perfectly good company!) leaves a lot to be desired! Any takeover company in their right minds would sack the lot of them and keep the Development staff. |
Posted at 21/4/2010 13:03 by restassured The co told investors what was likely to happen.Some thought they knew better. |
Posted at 15/4/2010 07:47 by restassured The co did warn investors what to expect. |
Posted at 14/4/2010 09:32 by sea and sky IMHO no private investor should take a risk with a managment like this! To say that a 7p offer is not a the best value for shareholders and would be better taking the 4p offer is just plain bloody mad... keep the development teams and sack the management though - they are barking. I'm holding but not topping up. |
Posted at 30/11/2009 17:44 by mryesyes David Leonard has bought £10,000 of the shares but taken a very large long position, this implies he has a certain level of confidence that it will not go under,certainly not soon, and a very large bet that the price will recover back up to the 10-12p range soon either way.Interesting. This indicates that he knows that "good news" is on the way in the short term sufficient to cover the costs of his purchases. For the long term investor this means it is worth a punt with the aim of selling out as soon as your profit covers the price you paid so you then own the shares for nothing, which is what he has done. It also means that there is risk here for any long term buy and hold investors, at any price, investors who buy and tuck away and forget are advised not to buy |
Posted at 20/8/2009 11:30 by mister md Garmin & Raymarine, A Defensive & Strategic Opportunity (GRMN, AAPL, VZ, GOOG, T)Posted: August 18, 2009 at 11:10 am Print Email Subscribe Free Newsletter Follow us on Twitter Garmin Ltd. (NASDAQ: GRMN) may still be the leader in its space in the U.S., but the company has become very 'yesteryear' for investors. The company recently performed much 'less-worse' than expectations and shares soared after earnings, but then itreceived a key analyst downgrade from Goldman Sachs. Now the company is ready to throw in an acquisition into the mix. All the reports from the weekend and early this week have Garmin making a cash bid to acquire a troubled and much smaller Raymarine, a GPS navigation solution system maker for the recreational boating and light commercial marine markets. Because of the growing competition in this GPS space, we wanted to see if this would be a deal brought by need or brought by convenience. The Portsmouth, UK-based company has been said to be in search of a partner after warning earlier this summer that it was close to the operational limits of its bank credit facilities. If you think that Garmin has fallen from grace as a stock, it pails to the drop seen here. Raymarine shares in London were north of 400 pence in 2007 and briefly hit 500 pence. Today's level after a 7% gain is a whopping 17.70 pence. That comes to a loss of more than 95%. The Sunday Times originally had the story, but the issues here go above and beyond just an international merger. Garmin is exponentially larger in size and the need for anything 'friendly' might not be present. While Garmin is used on some boats, this would broaden out the company's boat and marine offerings. Those markets are in the toilet right now, but that is the time for a larger company to buy up smaller rivals. Raymarine may need to raise capital, find a new partner, or just take a buyout. Falling outside of credit facilities is something that US investors and British investors do not exactly greet with any cheers. It would be very easy to pan any notion of the merger. Frankly, there is no point on panning a buyout of Raymarine. Garmin has been under pressure and the new Android and GPS systems are going to give the company deeper competition from free offerings and from lower-priced offerings. Apple Inc. (NASDAQ: AAPL) either has or is soon to have an application from Tom Tom for its iPhone. Verizon Communications Inc. (NYSE: VZ) now offers many of its mobile phones the VZ Navigator service for $9.99 per month or $19.99 per month for the global edition. Google Inc. (NASDAQ: GOOG) is encroaching in the GPS space by triangulating a cellphone's position via the cell towers. So far that has been limited in reception and ratings, but Google is far from giving up there for its Google Maps and its AdSense programs to have another aspect of business. Some GPS-sector contacts are noting that Google's entrance here is effectively driving the costs down in a race to zero. Whether that market can be solely ad-supported is yet to be determined. Garmin's 'nuvifone' is now available in certain Asian markets but is not yet out in the U.S. We have read that AT&T Inc. (NYSE: T) will offer the phone, although our prior information was that the 'nuvifone' in the U.S. would be available from more than one carrier. One of the key complicating issues in this space is also that while companies are competing, they are frequently using each others' technology or technology from the same third party providers. Raymarine is simply a small strategic deal that also acts as a bit of a defensive merger as well. It makes for only a small dent in what could be at risk as its overall model is concerned. But the deal keeps a competitor from getting that much further in and would at least help Garmin to get a little better foothold in the marine market. JON C. OGG AUGUST 18, 2009 |
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