Rbg Share Discussion Threads

[dicktrade] 16/7/2021 09:45

That is the case.

[maddox] 16/7/2021 09:32

This looks like the case -

If so, then they won the case but due to the delay the judgement was deemed unsafe on appeal.

[bigbaggy] 16/7/2021 08:49

You could be right mighunter. The judgment has been handed down (so is a public document) so they could have been more explicit if they wanted to be. I drew my inference from there.

Either way, I think a good CFO would have to have a hard look at the costs being carried on the balance sheet given the time, risk and new costs to now inevitably follow.

[scooper72] 16/7/2021 08:45

Is this regarded as the reason for the drop today or are people just taking profits in the volatile sleep summer months

[mighunter] 16/7/2021 08:45

I might be wrong but I'm not sure we can jump to the conclusions that the case went against? The wording used was "ordered" rather than "secured" and RBG have always been exceptionally careful not to breach rules by commenting positively or negatively on any cases. I don't think this is any different? IMO, it's the delay to the nearest large case rather than inference to outcome the market is focused on.

[bigbaggy] 16/7/2021 08:33

I agree. So we have the Project Neptune result. The judge obviously found against them (otherwise they would have said it was positive) but they have managed to secure a re-trail. That is a double edged sword. For me the big question is how much internal cost has been accrued on the balance sheet for this case and would it not be prudent to write some of that off now because the re-trial costs will be equally very large. If and when they run out of appeals the cost write off would then be enormous and disproportionate to the size of the company.

[riverman77] 16/7/2021 08:19

Yes been on a very good run and looks like good time to take profits here. I sold a couple of weeks ago as seemed to have got a bit ahead of itself, but will keep an eye on it.

[investing2retire] 16/7/2021 08:16

im out.bought from 88p so a good profit but could see further downside here

[jimic23] 16/7/2021 07:34

19 months FFS ?

[its the oxman] 05/7/2021 09:22

Could see 200p here if news is as positive as expected.

[cestrian71] 02/7/2021 16:19

JamesSmith23 - have a look at the deal list on the Convex website this year compared with last year. 2 deals 2020 and 8 deals for the 6 calandar months in 2021. Say deal fees are £500K per deal that is an extra £3M with 6 months to go this calandar year.

[jamessmith23] 02/7/2021 16:16

And yet is still only on a historic PE of 20 based on what I'm expecting to be quite different results to this year. Normally after a run like this companies seem expensive but this one doesn't seem to unless I'm missing something.

[dicktrade] 02/7/2021 16:10

It was tipped again today in Money Week, been tipped everywhere recently.

[dicktrade] 02/7/2021 16:09

RBGP usually issue a TU in the month after period end (FY or 1/2Y) so there could be one next week or the week following , but the recent acquisitions may have changed this.

[jamessmith23] 02/7/2021 15:56

I looked into selling my shares today as was lucky enough to find these in the 50s and thought it may be time to book some profit, however decided that actually there's no reason they shouldn't have a lot further to go. Convex contributed 3 times more in revenue by April than in the full 2020 year and has multiple deals at completion stage with the market very buoyant, another acquisition is majorly earning enhancing instantly and being funded with minimal dilution and these are in addition to the core business so am struggling to find a reason to sell. It started as a small position and is now my largest and so won't be adding more but if it wasn't then I would consider adding.There was an update this time last year on 9th of July so wouldn't surprise me if people are buying in anticipation of seeing one of those next week which could be further good news.

[xenomorph1] 02/7/2021 15:24

Great bounce today, we got new 12m high....158p!!! I expect good news soon.

[bigbaggy] 01/7/2021 15:19

Hi Maddox - yes that was exactly what I heard her say at the post-AGM Q&A. Usually judgments are embargoed for a week, two weeks at most. Then handed down and often reported on in the specialist legal press, of course. I have no idea which case "Project Neptune" refers to of course. But some will - claimants and defendants plus all their respective legal teams, Court staff etc. Wouldnt that rank as "material insider knowledge" here ? (I am no expert in that area but it sounds like a valid question). So I would have thought that this justifies a short update announcement. From memory, RBGP have referred to 4 or 5 "mega cases" of which Neptune was the first.

Appeals are rare and then rarely successful. Often just kicks the can down the road.

[maddox] 01/7/2021 10:12

Hi BB,

On the Post AGM Q&A NF said a judgement has been given but it is embargoed, but no further explanation given - presumably due to the embargo. But I agree it presents an ideal opportunity for a false market. I presume there is an appeal but why this cannot be known I have no clue, any ideas?

[bigbaggy] 01/7/2021 08:46

Why havent they announced the Neptune judgment ? It will certainly have been handed down by the judge now. They have pointed to this as having huge upside. This is a false market without this information.

[wanttowin] 28/6/2021 15:19

Yes broken out to a new high, oh what a lovely day for my third largest holding.

[wanttowin] 28/6/2021 09:51

Heading for a new high...bring it on.

[dan_the_epic] 27/6/2021 10:48

Midas kiss of death

I dont rate RBGP at all. They are just getitng lucky on convex otherwise the story is lame

[flagon] 27/6/2021 08:34

Tipped in Sunday Mail MIDAS column today

MIDAS SHARE TIPS: Legal group RBG Holdings, headed by former Brands Hatch owner Nicky Foulston, has the X Factor for your savings

Midas verdict: Nicky Foulston is shrewd, ambitious and determined to repeat the success she had with Brands Hatch in her youth. Progress to date has been encouraging, however the best is almost certainly yet to come. At £1.35 the shares are a buy and rising dividends represent a further attraction.

Link :

[scubadiverr] 22/6/2021 22:11

Didn't they say it could not be announced until H2? Frustrating to see the share price fall by such a degree today on such small volume. If word was out though on Neptune I'd expect to see greater volume being traded whether it be a positive or negative result for ourselves, so can't imagine they're are any loose lips.

[bigbaggy] 22/6/2021 13:57

At the AGM Q&A last week, they said that the judgment on Project Neptune had been handed down but embargoed (normal procedure). Usually it is embargoed only for a week or so. Does anyone know the result yet ? This should be one of the mega case returns they have pointed to over the last couple of years, so certainly of material interest to the market.