Rbg Share Discussion Threads

[fft] 24/7/2023 09:21

Nicola had a vision. And leadership. And presenting the company. Since her departure, there is a shortage of all 3 and the market is unsure until they return. Suspect everyone is also waiting until the next set of results. The restatement of earnings and dividend in the last paid for research seems too good to be true. But who knows....

[clive7878] 24/7/2023 09:09

Offer price is now 26.05p, bit price now 25.2p believe it has changed now !
Normally there is no logic to buys and sells majority to the offer and bid price
but even with the IC recommendation it has fallen.
If the dividend is high, why don't they pay less and cut down the amount of debt ?
It all does not make sense to me.
This is a cheap stock, but are there black clouds around the corner ?
Has the share price now bottomed out ?
Should one be buying in with so many sells at present ?

[bluemango] 24/7/2023 09:01

Bid price hasn't changed from Friday's close, so I wouldn't get too focussed on perceived buys or sells.

The herd hasn't significantly turned yet but arguably it may have at least been halted from going in one direction. Recent low was 23.25p.

[clive7878] 24/7/2023 08:41

Net debt is high, but it is said to be be reduced in the coming future.
Again today there is a majority of sells today ?
Why if it is such a good prospective stock ?

[quepassa] 24/7/2023 08:08

Yawn Yawn Yawn.

I think you have learnt diddly-squat. And frankly I really couldn't give a fig about your worthless opinions.

You are just sour that you are sitting on a heavily losing position.

In terms of misleading, you're just a sheister talking your own book.

This is what you wrote in post 947 in April:



"A recovery stock on a 9% dividend yield".

Price then 45p.
Price today 27p


Great going. Yeah. Right. Rock on.

40% loss in three months.

You can give yourself a big pat on the back for that one.


ALL IMO. DYOR.
QP

[scubadiverr] 24/7/2023 07:43

One thing I've learnt from ADVFN is that folk who sign off with "ALL IMO. DYOR." Or similar, generally, don't have integrity, and don't mean what they say. They post to mislead and benefit at others expense

[quepassa] 24/7/2023 07:37

not at all.

it's called integrity - and meaning what you say.

something you wouldn't know about.

[scubadiverr] 24/7/2023 07:05

That's pretty low to attempt again to stifle discussion!

[quepassa] 24/7/2023 06:34

Hey Elsa.

These are extracts from two of your very recent posts:-



"I will not be posting any further or replying to any messages. I've said my piece."


"This really is my last post."


Didn't take long for your to go back on your word again.


ALL IMO. DYOR.
QP

[cassini] 22/7/2023 16:50

Just from a Noddy t.a. perspective I overlaid a few moving averages on the chart and the 100 day m.a. contains pretty much all of the price action below it in the declining phase from about March 2022 onwards.

Just eyeballing the 100 day m.a. I'd want to see at least 40p (in the current timeframe) before I took that as evidence it was recovering.

Or, less stringent perhaps, no lower lows for at least 2 months than that one at the beginning of July (23p).

Fundamentals won't help time the bottom here...

[bluemango] 22/7/2023 15:36

Well yes, that was what I was suggesting. They will have given the 4.8p estimated dividend for 2023 (to Progressive Equity for their research note) presumably with a degree of confidence that they will deliver that.

If so, yes it is looking attractive at the current price. Business-wise it seems to have a useful, high-margin niche within the litigation sector. Happy to have bought a small stake at a price just above their historic low (having fallen over a two year period from around 165p in mid 2021) and will now see where it goes from here - whilst hopefully collecting a very decent yield. If they're at all serious about delivering a 4.8p dividend for 2023, that would represent over 18% yield at Friday's closing mid price.

Yes clearly there has been a persistent seller (Foulston?) but at some point either that supply will get exhausted or the price discrepancy given the abnormally high yield will become too attractive for the shares to stay depressed. And they have now, finally, disposed of arguably the biggest drag on the valuation, Lionfish.

We shall see.

[clive7878] 22/7/2023 11:49

bluemango - It is correct that - according to the Investors Chronicle article - that Kevin McNair - previously finance director of various public-quoted and privately owned businesses for last 18 years - will stand in for Suszanne Drakeford-Lewis the newly appointed finance director of RBGP - probably until next January 2024.

The stock has been a bit of a falling knife since October 2021, 140p to now 26p although the pe ratio and dividend currently - if maintained - does make the stock very good value, but positive future figures are needed for the stock to rise. but even with the IC buy recommendation this week the share price still manage to slide again last Friday.





All the signs are that RBGP is a buy, so is this the time to buy in - is the $64 question.
Is the answer that it is not on many investors radar screens at present ?
Or are they afraid that they could be catching a falling knife, but has the share price now bottomed out ?

[bluemango] 21/7/2023 11:59

How on earth does one decide a stock which has been in decline like this one, has bottomed. There must have been many occasions in the last few months when investors have believed it's reached the bottom, only to see it fall further.

There does seem to be special circumstances leading to the historic selling, particularly the contentious exit of past CEO and ongoing dispute around that. Arguably a resolution of that situation should see a recovery; question is when such resolution might take place.

PS - I do like a nice quiet thread. This one seems positively moribund. Which is great if you're a buyer.

[bluemango] 21/7/2023 11:51

Related to this news from a month ago, possibly? But this RNS states it's Kevin McNair standing in for the Finance Director who is on 'sabbatical' until next year, not Kevin Munslow. I could completely have my wires crossed with this of course!

[clive7878] 21/7/2023 11:41

I understand that Kevin Munslow is to stand in for one of the bosses on leave until next year. Stock written in the IC today. Share price has been falling for some time,
yield is said to be good but may be unsustainable. Sounds good in the IC - there has to be 'buts and ifs'though

[se81] 19/7/2023 10:28

Interestingly dips in the market now being bought up

[shep22] 18/7/2023 18:44

Word is RBG is recruiting somebody called Kevin Munslow as an exeecutive director, do not know who he is or what his position will be.

[tomtrudgian] 18/7/2023 14:41

If you are referring to me, I never said or meant that the figures were “completely wrong”. I cannot speak for others.

Your two other queries are answered in the negative.

[fft] 18/7/2023 10:52

There seem to be a few lawyers (or wannabe lawyers) on this board.RBGP paid for the research. They will have provided 'guidance' for the numbers in that report. You, and others, are saying the numbers are completely wrong. What is the legal position on that if the numbers provided to the research company are a load of rubbish ? Given it may mislead shareholders and potential shareholders, would it , for example, be a breach of fiduciary duty ?

[tomtrudgian] 18/7/2023 10:20

The Law Soc report, quePassa, was just a ‘copy and paste’ repeat of the grossly misleading RBG RNS. RNS comments are of course not audited. No cash whatsoever was paid to RBG in respect of the four cases “sold”. It is just a book entry cancelling part of a fair valued debt.

Even the audited FY 2022 results appear suspect:
“Intangible assets” (goodwill, brand value, Customer reputation and “other”) are valued at an astonishing £57.9m. Several times the RBG market capitalisation.
“Litigation assets” have been fair valued up to £10.6m (from £6.6m at year end 2021).
“Depreciation” of computers, equipment etc is down to only £1,038 (£4764 at Y/end 21).

[quepassa] 18/7/2023 08:37

Wasn't the IPO price 95p?

A real stinker for shareholders. that's before you factor in inflation.


ALL IMO. DYOR.
QP

[quepassa] 18/7/2023 07:01

This is what The Law Society Gazette writes about the Lionfish disposal in its 13/7/23 online article:-

hXXps://www.lawgazette.co.uk/news/listed-firm-sells-litigation-finance-business-to-pay-off-debts/5116635.article


ALL IMO. DYOR.
QP

[scubadiverr] 17/7/2023 21:09

I previously pointed out it was paid for research and I'll add they likely received input from the company.

I'd suggest it's more credible then Shep

[quepassa] 17/7/2023 20:47

About Progressive

"Our work is funded by the subject companies so we will never claim to be independent, but hopefully you’ll find that we are balanced and objective in our explanations."



ALL IMO. DYOR.
QP