Round Hill Music Royalty Share Discussion Threads

[gateside] 23/9/2005 07:47

Investors Chronicle have tipped RHM as a buy

:-)

[aref] 22/9/2005 11:22

Gateside ...many thanx for the info.

[gateside] 22/9/2005 09:54

aref... their new website will be up and running next week. It is possible that it might include a dividend calender. But I would expect that you will have to wait at least until the trading update, before we know when any dividend payments will be made.

[aref] 21/9/2005 15:47

Any idea when they are paying dividends. Many thanx.

[gateside] 21/9/2005 12:31

Trading update will be announced on October 25th

[gateside] 14/9/2005 15:59

Financial Calendar

31st October - Trading Update

[aref] 08/9/2005 12:53

Any reason for drop today!

[jamesgkenny] 08/9/2005 12:16

i still think this float was a means to shore up the pension fund deficit and not much happening to convince me otherwise

[aref] 30/8/2005 16:16

Another upgrade from Deutche 3.40p target

[sailor steve] 19/8/2005 21:01

Well if it goes there my earlier projection of sluggish performance looks a bit on the pessamistic side. Still holding for the long term.

[aref] 18/8/2005 16:24

Upgrade from UBS 350p target.

[madaboutmoney] 09/8/2005 21:09

Having examined todays press, many have featured an article on 'crustless' bread - the first in the world made by RHM. Apparently will be a huge hit with kids.

[madaboutmoney] 08/8/2005 20:29

...Hello that whiff of bacon seems to have woken up a few late risers..re: div - don't know. Why not phone up their financial PR 'Financial dynamics' in London. They are very helpful.

[aref] 04/8/2005 11:17

Any idea when they are paying div.
Thankx

[madaboutmoney] 03/8/2005 20:59

Great article in Daily Express today re: RHM -the journalist is a private investor who sold out of Premier Foods crystalising a 15% gain and switched into RHM. Said something like the shares are good value on 9 times projected 2007 earnings and a prospective div yield of 5.5%.

When's the rest of the market going to smell the bacon?

[jamesgkenny] 20/7/2005 16:31

£250M pension deficit on admission..............

Better rates admittedly,

'repay its securitised debt facility and associated expenses'

means all the redemption penalties arrangement and broker fees again presumably.

Thats the business to be in.

Thanks steve and good luck.

[sailor steve] 20/7/2005 14:43

From Doughty Hanson & Co's website :

• RHM intends to use the net proceeds received from the Global Offer and the funds available under the new unsecured bank facility to (i) make a contribution to the RHM Pension Scheme of £125 million and (ii) repay its securitised debt facility and associated expenses, as well as other debt financing put in place at the time of Doughty Hanson's purchase of RHM.

• RHM has agreed to pay £125 million into the RHM pension fund following Admission. Following this payment the pension fund deficit on a pro forma basis will be reduced to £125 million net of a deferred tax credit of £53 million.

• Pro forma net debt on Admission, after the payment of £125 million into the RHM pension fund, is expected to be reduced to £711 million, from £929 million at 30 April 2005.

• The effective interest rate on debt will be reduced from 9.5 per cent. to approximately 5.75 per cent.

[jamesgkenny] 20/7/2005 14:03

Exactly how much pension scheme deficit is there in here? anyone know for sure? this placing is a great way to top it up I have to admit

[sailor steve] 20/7/2005 12:43

The mid-price has hit 300p and heading north - I'm a happy investor and expecting to stay that way.

[inxni] 20/7/2005 10:09

Continue the upside today, should break out 300p soon at this rate.

[riverdiver] 19/7/2005 22:32

Evening Gates, haven't seen you on the pub thread much lately ;o). Other than a 3 yr break I've worked for RHM, Tomkins, Doughty Hanson, RHM since '73. Wouldn't buy them myself.

[ianwc] 19/7/2005 22:16

well it's defo a defensive stock with a yeild and PE like that. Problem is, i still don't like it. I am watching to see how far it rallies before someone starts profit taking.

[sailor steve] 19/7/2005 15:04

The yield of over 5% at 300p is the main reason for buying into RHM. All opinion seems to point to sluggish growth, reinforced by the probability of the big supermarkets' pricing of own-brands capping price increases in RHM's branded products.

However in the wider scenario of economic slowdown and falling interest rates this has to be a good place to put pension & long term savings. So I've been into the market and added a proportionally large holding into my portfolio at 295.8p (offer) with no intention of selling in the next couple of years.

[gateside] 19/7/2005 14:34

Interesting article about RHM....