RCG Share Discussion Threads

[robertfaulkner] 27/9/2012 19:14

Down another 24% today, last I G Index price Sell 1.3217p Buy 1.3283p

Amazing the buy and sell so close, I suppose IG probably trying to catch a few stops?

Looking again, I think IG and other spread betters close the spread after dealing finishes to try to get some mugs thinking they can Buy under 1.4p and then sell at a profit if the Sell prices goes to 2p.

As soon as the market opens, the Buy will be around 4.5p and sell(to close the deal) will be around 0.65p so RCG would have to rise 300% for the SB to be in profit

[mister md] 27/9/2012 14:09

Turnover 402,689
Cost of sales (592,793)

quite rare to see a negative GP ?

[thefozzer] 27/9/2012 11:21

Have you ever been to their on-line shop? That's when I started to get suspicious but it was the SPAG deal which 100% gave the game away.

[typo56] 26/9/2012 13:35

Slacker regulation here perhaps? I notice that Australian mining stocks sometimes get suspended on ASX but not here. No wonder London has earnt the reputation of being a cesspit.

[greek islander] 26/9/2012 13:03

Then why not?

[typo56] 26/9/2012 12:45

"I assume that RCG is also suspended on AIM?"

No!

[greek islander] 26/9/2012 12:31

I assume that RCG is also suspended on AIM?

[hugepants] 24/9/2012 13:43

I think PC Plod is a bit late on the scene here.

[edmundshaw] 24/9/2012 13:39

RF you wuz robbed! :)

[taffee] 24/9/2012 13:26

could be a multi bagger

[robertfaulkner] 24/9/2012 13:20

Just for a laugh I asked (on line) to buy 100 RCG shares

£2 for shares
£12.50 Commission
£0.01 Stamp

Total £14.51

[robertfaulkner] 24/9/2012 13:15

I could now get 4353 RCG shares for £100 (only 3869 on the 21st.) from Selftrade

Pity I can't demand each share in paper form, it would be cheaper than toilet paper

No Bid price offered

Amazing they are still trading these shares, have they suspended them in HK

[ewads] 21/9/2012 15:24

I'll admit to being a doubting Thomas at some period.

Did manage to get out around the 23p mark some time back.

Well done Elban by not being deflected in your crusade; even when there was no benefit for you, just criticism.
Sorry for those that lost here. AIM's not for widows!!!

[longsight] 21/9/2012 15:05

Elban did a superb job here in spotting all of this whilst I was completely blinkered.

Really shocking though just par for the course. What is crazy is that I believe they did initially appear to have a genuinely booming business. I visited them at the biometrics show in London in I think 2008 & their stand appeared to be amongst the busiest & their products looked really sharp. The staff were very friendly & spoke fantastic english. Just remarkable how this worked out. There have been so many crooked Chinese cos listed in the UK [besides those in the US].

[robertfaulkner] 21/9/2012 10:50

Selftrade offered 3869 shares for £100 Bid 1.01p Offer 2.25p plus com and stamp

Should I have a laugh and throw away £100?

[greek islander] 21/9/2012 10:46

Finally escaped RCG in January 2010 at just under a £1 after having offloaded the rest over a period of 12-15 months. This had been my great hope for a huge pension. Had I stuck with it I would now be down the best part of a quarter of a milion pounds after initial gains and top ups. Shows the value of leaving a stock that you have a bad feeling about no matter how close you are to it. With GNG I hung around a bit longer to my regret. Seeling out my last holding a while ago. China has not treated me well though I could have done a lot worse. Just great relief felt.
I did wonder why so many of you had retained a positive attitude - a few of you were around in my day. It may be because you had lost so much it seemed pointless to leave but even a few thousand pounds can be put to work elsewhere.
What a crock of sh*t this always was and how well management managed to deceive us and keep deceiving us.

Elban yes SR does try hard and spends a lot of time researching just his judgement I have doubted then I can hardly talk!

[robertfaulkner] 21/9/2012 10:44

Almost sad to see the dog put down, what will I have to gorp at now.

I'm going to see how many shares I could get for £100

[elban] 21/9/2012 10:20

Greek Islander,

In defence of Sir Rational, although he usually disagreed with my conclusions - he did point me in the direction of the proof that I needed to back them up.

He was the one that 'discovered' the 'empty' Vast Base accounts in the listing doc.

[mister md] 21/9/2012 10:07

If you want to own some, better buy in quick, might be your last chance !


Joking of course, avoid avoid avoid

[greek islander] 21/9/2012 10:03

Is Sir Rational still pushing this stock?

[orange1] 21/9/2012 09:57

Trading of shares suspended in Hong Kong. Will it ever come back from suspension? Probably not.

[mister md] 21/9/2012 09:57

yes I remember losing money here a few years back ;)
RCG Suspended in Hong Kong now. Hope buy trades here are shorts closing and not new investors...