Rbg Share Discussion Threads

[jamesbone] 03/2/2020 12:29

Keith Hammil has been appointed Chairman. Formerly a director of Bagir Holdings Limited. A company which is currently chaired by Ian Rosenblatt's sister. Cosy? Turn the fire down.......

[nimbo1] 24/1/2020 07:23

trading fine and might see a pick up - paying Ian Rosenblatt £1 million so he can't dump his holding completely unacceptable in my opinion. AVOID!

[scooper72] 29/11/2019 09:25

I've been reducing and taking some profits along with the price slipping back. And if we get back to 80p will start increasing my holding again.

[mammyoko] 29/11/2019 08:58

Interesting sales of over 2 million shares this week at 95p. Those couldn't possibly be related in some way, I wonder?

[quepassa] 29/11/2019 08:47

Criticism??? None intended.None implied.None to be inferred. You are being (as normal) overly sensitive and hyper-defensive. Nothing other than pure observations on my behalf about the ongoing share overhang. But why, jonwig, don't you give YOUR clear opinion as to the question posed by me:- "that there may or may not be a minimal, medium or maximal chance that the shares might eventually be sold in part or in full to repay the bank loan???????" Come on, let's hear. what is your opinion? ALL IMO. DYOR. QP

[jonwig] 29/11/2019 08:33

I guess it's not that unusual. This from Manolete partners last month: The Company announces that on 23 October 2019, the Chief Executive, Steven Cooklin, who is a significant shareholder of the Company, pledged 3.4 million ordinary shares in the Company as security against a personal loan of £1 million primarily to fund personal tax liabilities and the completion of his home renovation in London. Peel Hunt, the Company's NOMAD and Sole Broker, has waived Mr Cooklin's IPO lock-in arrangement for this pledge. The lock-in arrangement agreed at IPO continues to remain in force. So that's £15m collateral for a £1m loan. Mr Rosenblatt seems to have got himself a good deal there. In both cases actually selling the shares to repay the loan would be a problem considering the lock-in, and would incur a hefty CGT bill. It could be no more that over-collateralisation to get a lower interest rate. [Not a holder here, but the criticism seems a bit excessive.]

[quepassa] 29/11/2019 08:22

Yeah ...exactly....that's what I mentioned all along.....the SHARE OVERHANG....caused by the relatively short lock-in periods...is something to be keenly aware of... Come the end of the formal lock-in period...can anybody rule out the possibility that the shares won't be sold in full or in part to repay the bank loan??? If I were a betting man, would I bet that there may or may not be a minimal, medium or maximal chance that the shares might eventually be sold in part or in full to repay the bank loan??????? I know which way I would bet......,. ALL IMO. DYOR. QP

[mammyoko] 29/11/2019 08:05

RBG Holdings Plc ("Rosenblatt" or the "Company") announces that on 29 November 2019, Ian Rosenblatt, who is a significant shareholder of the company, has pledged 16,911,214 ordinary shares in the Company as collateral against a personal bank loan of £6m to fund personal tax liabilities. Stifel Nicholas Europe Limited, the Company's NOMAD and Sole Broker, has waived Mr. Rosenblatt's IPO lock-in arrangement for this pledge. The lock-in agreement agreed at IPO continues to remain in force. Following the pledge, Mr. Rosenblatt's beneficial interest in the company remains unchanged and he continues to be the beneficial owner of 16,911,214 Ordinary Shares, comprising 21.1% of the Company's issued share capital. Pledged his whole holding at 35p!

[geraldus] 29/11/2019 07:58

Don't think the market will like this.

[davr0s] 02/11/2019 20:15

It's an illiquid share

[scooper72] 01/11/2019 12:56

Anyone know why I can't sell even just 500 shares today?

[davidosh] 14/10/2019 21:45

Just to let shareholders and potential investors in RBG Holdings/Rosenblatt know that the management team will be presenting on the second day of the two day Mello London investor conference in Chiswick London W4 on Tuesday 12th and Wednesday 13th November and there will be an opportunity to take part in a Q&A at the end of each presentation. These are just a few of the companies taking part... https://melloevents.com/event-mlexhib/ There will also be lots of quality keynote speakers, panel sessions and round table discussions looking at investment strategies & portfolio diversification plus sessions on.... How does a market maker work your share trades? What is undertaken in a company audit? What is hidden on the dark web? & how can retail investors get access to placings? https://melloevents.com/event/ If you would like to join the thousand investors at the event you can gain 30% discount on your ticket by entering the code ADVFN30 when you purchase your ticket.

[quepassa] 26/9/2019 07:56

Rosenblatt article in today's FT, page 20

[geraldus] 25/9/2019 14:14

Took profits today,decent return.GLA

[macc1] 25/9/2019 11:16

Video: Nicola Foulston on todays results, their strategy & name change etc: hTTps://www.fmp-tv.co.uk/2019/09/25/rbg-holdings-formerly-rosenblattinterim-results/

[geraldus] 17/9/2019 12:54

Market likes the deal.

[sphere25] 16/9/2019 08:49

How do they come out with figures like 120 pence? Market has been valuing the stock at 88p and lower more recently. Management picking blue sky figures out of the sky ("Hell, it's only a 35.6% premium to where the market is - not too much, abit less than a bid premium so should be fine") and happy to rip off the seller here. Abit scummy and low that. "An initial consideration, payable on completion of GBP13.6 million. Of this GBP13.6 million, GBP7 million will be paid in cash from the Company's existing resources and GBP6.6 million will be satisfied by the issue of 5.5 million new Rosenblatt res (the "Initial Consideration Shares") BASED ON AN ISSUE PRICE OF 120 PENCE PER SHARE (a premium of 35.6% to the closing price on 13 September 2019)." The deferred consideration is even worse! Just a 58% premium to the price you know

[quepassa] 16/9/2019 07:16

Management spread too thin?? Law Firm Funding litigation, now Sell-side corporate Finance Not obvious to me where cross-selling lies between litigation funding and new acquisition. Holdings company for a diversified legal/financial services/corporate finance boutique group sounds like a nightmare to me. Going against the grain as companies tend to specialise + focus nowadays rather than diversify?? good luck all. all imo. dyor. qp

[geraldus] 16/9/2019 07:02

Looks good to me.Materially earnings enhancing and shares issued at a premium,makes a change.Lock ins also.Need to have faith,certainly not standing still,just hope there isn't a clash of egos.Update given also, no change.

[nimbo1] 16/9/2019 06:47

No idea if this mornings news is a good thing or not - seems to be quite a weird one. Certainly no longer a niche dispute resolution firm. If price goes up I’ll probably sell out.

[geraldus] 13/9/2019 14:51

Burford moving back up of late,so sentiment may have improved.RBGP could continue its bounce in sympathy or justly on its own prospects.Interims on 25/9 with divvy news.

[nimbo1] 11/9/2019 07:48

moves quickly this one.

[geraldus] 09/9/2019 08:43

I would imagine the new division will be innundated.