Rbg Share Discussion Threads

[se81] 25/7/2023 14:31

Huge volume

Highest in entire history

Decent entry point

Also on previous support, divergence on the daily

Is it a coincidence that the update comes on Thurs post volume (or were m’ment aware of seller reaching a conclusion)

[shep22] 25/7/2023 12:27

With genuine respect there is no chance of net debt being reduced to these levels by year end without further asset disposals. There is a dearth of accurate information coming from the company which is deeply troubling for shareholders.

[clive7878] 24/7/2023 19:15

Problem is with RBGP - there are a number of articles which look a bit woolly now, so it is difficult to draw a conclusion what the future really does hold, some think the knife will keep falling, while others think the share price has bottomed out and it is a recovery stock.

From the I.C. believes it is a buy, - rightly or wrongly - and states -
On this basis, and factoring in a higher tax rate, expect EPS of 8p and a dividend per share of 4.5p, implying the shares are rated on a prospective price/earnings (PE) ratio of six and offer a 9 per cent forward dividend yield.

Importantly, the new board is committed to reducing RBG’s net debt of £19.2mn and should make significant inroads this year with the benefit of projected free cash flow of £4.8mn and cash from the sale of LionFish – the unit has £5.3mn of litigation investments and £1.7mn of liabilities excluding £4.7mn owed to the group. Analysts expect net debt to be slashed to £16.6mn by the year-end

[quepassa] 24/7/2023 17:35

"It's also unusual that there have been no holdings RNSs. The whole carry on in the last 3 months seems rather unusual to the point of being odd."

hmmm...

who knows. you could be on to something.....


Whilst others like to talk about yields, fundamentals, etc.

There is also another metric which can be very useful.


The whiff test.




all imo. dyor.
qp

[aleman] 24/7/2023 16:46

Volume in the last 3 months looks to have edged past half the number in issue, at pushing 50m. That's quite unusual. The total since the shares hit 25p is about 16-17m. That's quite unusual in that it's quite a lot of volume for little share price movement in the last 4 weeks. It's also unusual that there have been no holdings RNSs. The whole carry on in the last 3 months seems rather unusual to the point of being odd.

[se81] 24/7/2023 16:28

Wannabe lawyers, auditors, chartered accountants- what a thread!

The bear rhetoric is pretty funny- on one hand questioning the intangible assets and then on the other wanting the return of Foulston

Well guess who made the acquisitions from which that intangible asset is derived? So did she overpay (and we need a non cash impairment/accounting loss) or does she know what she's doing? Make up your mind time :)

Perhaps more interesting you can infer a value for the (relatively boring) businesses RBG has acquired from that intangible asset (not that we need to as the consideration is publicly available), impair it by 50% and its still roughly the entire current mkt cap

Whats the rush here? Just wait for the clearout of the seller...look at the volume from May to July, the process is underway

[quepassa] 24/7/2023 16:18

Doesn't your last paragraph disqualify you from posting?

This is what you wrote on 27th. February 2023 in post 95 when the share price was around 65p.

"Now on a forward PE of 12 (11 x net of cash). Been thinking of buying for a while. Any views as its not a sector I know well? Seems to have good defensive characteristics with >90% of revenues recurring and a decent dividend which is heading towards 5%."


One notes your apt words "Any views as its not a sector I know well".

Things would appear not to have changed.

ALL IMO. DYOR.
QP

[bluemango] 24/7/2023 15:45

The herd have spoken. And are quite loudly insistent, suddenly, on here.

Meanwhile, the chart shows an almost uninterrupted fall for a full 2 years, from July 2021. So they've reason enough to be complacent, I guess.

Nevertheless, curious!

[clive7878] 24/7/2023 15:39

24.5 / 25p - Don't catch a falling knife !!!
One to watch only.

[bluemango] 24/7/2023 15:17

#1225. Old news, this was announced back on 22nd June. Updated today on Companies House filings.

[shep22] 24/7/2023 15:06

Keith Hamill has resigned as a director.

[shep22] 24/7/2023 13:36

HSBC will not allow a dividend at the current debt level.

[clive7878] 24/7/2023 13:05

On fundamentals the stock look cheap, there is however a number of ifs and buts to consider. Will the dividend be maintained? To buy now are investors catching a falling knife? Has the share price now bottomed out? What the retired auditor posted is also a concern.
The IC rates the stock as a buy - rightly or wrongly?
Is current level of debt an issue?
Only time will answer the above questions to whether the share price will continue to fall or start to rise.

[shep22] 24/7/2023 11:44

New CEO appointment on the way, the mind boggles, what is going on?

[bluemango] 24/7/2023 10:57

So the bear case against income seekers here, is that the company have been staggeringly misleading to both their nomad (Singer) and Progressive Equity. An interesting situation to watch play out, over the coming months.

[tomtrudgian] 24/7/2023 10:35

I forgot to say that some have mentioned the high percentage return offered by a future dividend. I cannot see the directors being allowed to propose such a dividend by the bank.

In the absence of a decent return and the seemingly inevitable loss for year end 2023, the shares may crash further when the 23 results are announced in Spring 2024. Expect the major shareholders including Nicola Foulston to strike in about 12 months.

[tomtrudgian] 24/7/2023 09:48

I quite agree fft. Any auditor, and I am a retired one, has endless experience of private company owners wanting the lowest profits to be announced, and public company directors the highest.

The auditor however will disregard both, and focus on avoiding being sued. See my post of 18 July. Any auditor’s insurers will insist on both the absurdly fair valued litigation and intangible assets being substantially written down. This can only result in a significant loss for year end 2023, even though the 2023 cash inflow is said to be excellent.

The RBG bank have a floating charge over all the assets, but there is little to foreclose upon, so they may not. The main problem for management is how to stop the senior employees from walking. Newly negotiated share options may not be welcomed.

The acerbic Nicola Foulston sold Brands Hatch for £67m gross. This is her baby and she will be back. I for one will welcome it.

[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