Rbg Share Discussion Threads

[jonny_wright] 23/6/2023 16:31

Disastrous performance

[weaverbeever] 23/6/2023 15:41

Tipped by Simon Thompson at 50pHe's a great tipster

[tonytyke2] 23/6/2023 15:10

shep22, source?....links?

[shep22] 23/6/2023 15:02

There are serious internal issues at both law firms (Rosenblatt & Memory Crystal)which are not being addressed, though some of the larger shareholders seem to be aware. All spells disaster.

[quepassa] 23/6/2023 14:42

maybe there are different agendas at play. who knows

now sub 30p. new all-time low.


just a few months ago - two or three posters were here saying that it looked good value and tempting at 50p.

hmmm....


all imo. dyor.
qp

[aleman] 23/6/2023 14:00

Market cap is £27m. Receivables and cash £54m. Total liabilites £27m. It's trading at book value if you ignore investements. Future profits and investments in such as Lionfish are now basically valued at zero. Has the company really gone that badly wrong?

[tradingcoder] 23/6/2023 13:07

Because there is more selling pressure, evidented by the fact this keeps hitting all time low after all time low? There is no confidence here. Probably existing buyers like yourself picking up more stock to average down based on emotion over logic. Investors don't buy stock in silo. They research multiple companies before buying. This isn't going to win any competition v other bargain stocks anytime soon in an ultra cautious environment. This will be a long waiting game if it ever recovers. It broke the 45p/40p/35p barriers you previously mentioned, what different about 30p? I see sub 30p here

[aleman] 23/6/2023 09:37

I wonder when we're going to clear the stock overhang. There was another flurry of big trades yesterday and we still have a drip-drip of 50k being sold every other morning. We were gettign lots of buying under 35p but that seems to have dried up with deteriorating economic news. I suppose the next big buying area will be 30p now. So much stock has already changed hands, though. How can this still be going on?

Also, why's the due diligence on the Lionfish sale taking so long?

[elsa7878] 21/6/2023 12:12

They charge > 3% so would be good to know how much it was sold for.

[aeonflux] 20/6/2023 16:34

Convex has advised the Shareholders of Gorilla Accounting, the UK's leading digital accountancy firm for entrepreneurs, sole traders and small limited companies, on their sale to Azets, the UK Top 10 accountancy group.https://www.convexcap.com/transactions/gorilla-accounting/

[aleman] 13/6/2023 14:01

Some interesting interplay with the 20-day average in recent months and it's nearly there again. So, up or down? It's a while since it even considered the 200-day. We still get odd days where there is a 50k sell. Days without them seem to lean to the positive side. Is it a single entity just occasionally dropping 50k now?

[waterfall city] 12/6/2023 11:34

I have been buying in here under 40p, a lot of aim stocks look very over sold to me. It feels like buying a 200k house for 50k!

[tomtrudgian] 09/6/2023 21:25

And of course a trust cannot be a limited company, like Cascades apparently was or is, only a trust corporation.

[tomtrudgian] 09/6/2023 21:11

Yes, one would think so, however the AIM indicates 10% per trust. I have actually just looked and can find no RNS announcements of RBG share dealings whatsoever, and by whomsoever. Share holdings yes, dealings no.

[scubadiverr] 09/6/2023 20:13

Surely if your theory was correct, Cascades ltd would have had to disclose their previous position in the RNS and their previous amount held was omitted, which was above the 10% threshold that you detail?

[tomtrudgian] 09/6/2023 19:50

The AIM share dealing disclosure requirement are for “Significant Shareholders” (over 3%) only. Their sales or purchases over 1% of the total issued shares must be disclosed unless the nominated advisor (NOMAD) gives an exemption. However any bank wishing to foreclose on (Rosenblatt’s) shares held as security would prefer to sell them in small amounts anyway, to lessen the share price reduction consequent upon RNS disclosure.

As to the unliked and combative Nicola Foulston, she never held 3% personally, and is no longer a director. The AIM disclosure rules for shares held by others in a trust are 10%.

I believe she intends to take over as CEO, helped by the falling share price when the time is right. I cannot conceive she would give her baby up. I, possibly the only one, would welcome her return.

[aleman] 08/6/2023 06:38

It was an interesting and plausible post but that would have likely needed change of holding RNS both for seller and possibly for buyer(s) and we have had neither.

We were advised Cascades' holding fell to 8.93%. It was previously 11.97%. That probably does not account for it all and then who bought it?

[tomtrudgian] 07/6/2023 16:50

Look at my post of 17 May. Few banks in 2020 would lend over 60% against the security of a small AIM company’s shares. Particularly if the loan was to “pay a £6m tax bill”(also for his music charities) so unsecured.

Ian Rosenblatt’s bank must have sold it all by now. We are advised Nicola Foulston’s trust has bought 8.93% of it.

[aleman] 07/6/2023 16:06

Moderate buying started at 45p and became very significant around 35p. You are correct that only about 4m out of this 25m surge in volume occurred below 35p so some are likely to be showing a moderate loss of up 10p (-22%), some a small profit of only an odd penny (+3%), and most will be showing a more modest loss somewhere in between. There were quite a lot of small trades on the back of the 50p buy tip in the IC but they did not look to actually amount to a large total of shares. The questions are, when will the sellers be exhausted if there is strong buying at around 35p, and who were behind the large trades at the last dip to 35p which did not result in any RNSs (yet)?

As to whether they're gambling or investing. There's no data on how long they intend to hold but this does not seem much like day-traders sort of stock to me and most volume has been in round number trades more associated with buy and hold investors than day-trading. But that's just my speculation more than hard data.

[tradingcoder] 07/6/2023 15:28

Yup, all these apparent buyers coming in since 50p. Sure they're doing well now. We talking gambling or investing buys at this point?

[quepassa] 07/6/2023 14:57

But if there are buyers - why is it DOWN another c 7% today?


That would indicate the contrary to me.



Sure, a few give-it-a-go bottom-fishers but the weight of money is clearly still selling.

all imo. dyor.
qp

[aleman] 07/6/2023 14:01

Volume picking up again under 35p so there are definitely buyers at this level. We still have to wonder why there have been no holdings RNSs, though, with pushing 25m shares traded in the last 6 weeks - a huge chunk of the 95m available. Where are the announcements?


free stock charts from uk.advfn.com

[nakedmolerat] 07/6/2023 12:20

is the auld ratbat still selling her shares and hence the price is pretty fuked

[quepassa] 06/6/2023 18:42

i didn't "admit the fundamentals are sound". but fundamentals are open to interpretation and can be read how you want.

one thing is for sure and indisputable. The graph. Ignore the direction of travel of the graph at your peril. just look at it.

after the Ince disgrace, the sector is really under the cosh and deeply out of favour.

all imo. dyor.
qp

[scubadiverr] 06/6/2023 18:13

I'm not sure the fundamentals of your examples are of equivalence. Even QuePassa admits below the fundamentals are sound here