RBGP

Rbg Holdings Plc

33.75
-1.25 (-3.57%)
Share Name Share Symbol Market Type Share ISIN Share Description
Rbg Holdings Plc LSE:RBGP London Ordinary Share GB00BFM6WL52 ORD GBP0.002
  Price Change % Change Share Price Shares Traded Last Trade
  -1.25 -3.57% 33.75 342,012 15:04:01
Bid Price Offer Price High Price Low Price Open Price
33.00 34.50 33.75 33.25 33.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Business Services, Nec 54.13 4.20 - 9.13 32.17
Last Trade Time Trade Type Trade Size Trade Price Currency
16:31:54 O 5,000 33.00 GBX

Rbg (RBGP) Latest News

Rbg (RBGP) Discussions and Chat

Rbg Forums and Chat

Date Time Title Posts
09/6/202322:25Rosenblatt Group Plc1,051
22/11/202113:04Unexpected1

Add a New Thread

Rbg (RBGP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:31:5533.005,0001,650.00O
15:29:1533.334,7221,573.94O
15:14:2933.801,174396.75O
14:51:4433.802,000675.90O
14:43:1333.90888301.03O

Rbg (RBGP) Top Chat Posts

Top Posts
Posted at 09/6/2023 20:50 by tomtrudgian
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.

Posted at 02/6/2023 14:08 by peddlers
Topped up today, due to the fundamentals and very low share price.
It could be due to spring up.

Ped

Posted at 02/6/2023 12:49 by goldbutler
RBGP 37.40P

At least for Mr Rosenblatt and others it has not ended like Atlantic Computers
OR British & Commonwealth.

The Independent among others has articles for further reading from 29 April 1994 and 21 july 1994

- the last one in particular . yeah and you might even read of Brands Hatch.


This company has an opportunity - its model should be Murgitroyd as previously mentioned. A new Chairman and proper salaried workforce and working environment are fundamental.

Posted at 17/5/2023 16:08 by sphere25
Hello QS99,

When we're guessing the seller, let alone how much they want to sell, it is hard to say whether that bounce is sustainable. This share is illiquid too, so when it really wants to go, it moves rapidly on fewer trades. In most of the overhang share situations I have seen, shares like this just go bonkers on a great deal less volume i.e. each price point is bought through quickly with the offer closed off alot quicker at each price point.

Today, it is still taking alot of buying to get it moving. That can often indicate a smaller technical bounce, in a continued downtrend. Clearly this all depends on the wider market and the fundamentals of the business and so on.

I remember this one from the past when Premier Miton were selling down across various holdings. This came right down and I thought they were going to keep selling. They then stopped with no notice, and it just went bonkers higher - completely caught me off guard so I might be wrong.

Alot of trades are delayed too so it is case of seeing if any delayed prints hit. Sometimes the price can move before those prints hit, and then the market cottons on, and the buying picks up.

There is no precise science here. There will be some people in the know as to who is selling down at 32p and how big the sell order is, but for most folk like us, we're trying to form a picture so as to trade it to the best of our abilities.

Well done if you got in here early and hopefully the bounce continues. I am just not sure the seller is done so I take the cautious approach in that situation and wait. Obviously anybody can have a go and use a tight stop too.

Just going to sit and watch now.

Maybe someone else can add more colour to the situation.

Let's see

All imo
DYOR

Posted at 17/5/2023 10:21 by tomtrudgian
Why do people think it may be Nicola Foulston selling her shares? The vast bulk (11.41m shares) was reported by RNS at Dec 2022 as still being held in a family trust she controlled known as Cascades. Not held by her personally, but she can still vote them.
Furthermore on 5, 6 and 9 Dec 2022 RNS reported that she personally bought a total of 385,000 shares (possibly from Ian Rosenblatt!). The prices were between 64.65p and 68.75p. Was this an effort to counter the board’s wish to fire her? She is feisty no doubt, but was generally an excellent RBG CEO. Nobody yet knows whether the decision to dispose of her and of Lion Fish will prove a correct one.

So, who has been selling? On 29 Nov 2019 the RNS reported that Ian Rosenblatt had pledged his entire 16.9m shares (21.1% of the total!) as security for a £6m bank loan to pay a personal tax demand. At that time the share price covered the loan. Now it does not and has the bank been forcing the sales?

They are both no longer directors and so their shareholdings are now unreported. However it is not impossible that Nicola Foulston is keeping her powder dry for a takeover as CEO.

Posted at 16/5/2023 16:26 by candid investor
QuePassa
Time will tell if I worship you or curse you for your comments...I cashed out a 12% loss earlier ...the problem with what you said is that it is all turning out to be true
I should have sold as soon as things calmed down after sacking the CEO
The problem with this stock as I found out today is that there are no buyers unless you accept a large discount on the quoted share price ..this discount can be as high as 2%to3% as I discovered to my cost earlier
Why didn't you write your post on Friday afternoon before I topped up ?

Posted at 20/3/2023 16:16 by aeonflux
I think this is a good turnaround stock, once they get the issues with the ex-CEO sorted we may see the share price start to turn. Everyone has good things to say about their companies such as Convex.

With a PE ratio of 5.4 and PEG of 0.2 its cheap.

Posted at 02/2/2023 09:22 by scubadiverr
Sell? Far from it. In fact, I added but only a small amount. The business is more attractive than at IPO with MC now augmenting RBL and with Convex to boot. We may not yet know about the future growth strategy following the removal of the expensive CEO, but the acquisition strategy had long been impossible to pursue due to the collapse in the share price The business is worth more than the current share price even on a value basis. Will the majority holders want growth? I'm pretty sure they will, so still view this as far more than a utility share, but await a strategy update from the company before adding a more significant amount. The bestst time to buy is when a company is disliked. This company is meeting forecasts and I can only see the demand for law firms (and especially those that can work on a contingent basis) increase during harder economic times. To sell now would be madness, imo. DYOR
Posted at 31/1/2023 10:27 by interesteds
Foulston's big idea was to build a professional services conglomerate using the legal firm as a base and a cash cow. She got so far but the share price languished and shares were not therefore available as acquisition currency. A couple of losses in Lionfish are neither here nor there - it's not creating debt, it's just money spent that won't be recovered. But the idea of the conglomerate has been fatally damaged - mostly by the lack of progress in the share price - and the lawyers just want to go back to lawyering and not be part of a bigger dream. The 'cultural concerns' are very real and easy to understand. Lionfish will be disposed of since it is an uncomfortable reminder of the Foluston dream, it doesn't really matter whether the rest of LF cases are wins or losses.

What is left? A profitable legal services firm in which most of the surplus income is paid away as dividends as a way of keeping the lawyers' total remuneration at a level they want and expect. How should this be valued going forward? True growth is hard to see; as I see it, it should be valued like a utility stock. It should just be on a decent yield and put away in the back drawer with the other yield stocks. The share price may receover a bit from here as the results come out but excitement is not us. So long, Nicola, and thanks for all the 'fish!

Posted at 19/12/2022 15:24 by goldbutler
david dosh rbgp SP63.5

This company should appoint a new chairman and CEO such as Ken Clarke ( he may not have the energy or interest to do so)a barrister, former director of BAT or even the recently retired Lord Burnett of Maldon and other directors with a legal background. The Board should have a team of such people and there is not one there
- not by chance but by design.

The model for this company and Mr Rosenblatt and Miton should be Murgitroyd which was a listed patent and trademark firm , before it was bought out and it has continued to thrive since -it had revenue of just over 22 million and just under 2 million profit before tax -it was sold for over 63 million and you can work out the PE. The ROCE of RBGP is well below Keystone Law an other company with a high PE. Pure Law firm taking advantage of the opportunity and run by Legal eagle.

mr Murgitroyd (God bless him may he R.I.P.) built a highly respected firm . and the firm still is to this day.

Instead this CEO has, until recently, RBGP subject to put and call options in adnitor and lionfish and derivative liabilities - no BOD should approve that ,.

This company has an opportunity to rerate into high teens -
it must become a pure law firm in niche areas of law not professional services and it must reduce its debt at the earliest opportunity .
no dividends until the overdraft is gone.

It was this CEO who saddled the company with a failed strategy , huge debts and leasing liabilities and the share price is telling her GO .

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