Rialto Eng Share Discussion Threads

[5310carraroe] 28/10/2013 23:24

Needs more

[treacle32] 28/10/2013 23:24

Up 4.9% on ASX at the open on returning volume.

[treacle32] 28/10/2013 21:59

Hi draughtsman2001,

Sorry I was out partying from Friday early afternoon & didn't get the chance to review TRP.

I believe it rose again today and don't know if its too late now.

Sorry mate but if there's others just give me a shout.

[treacle32] 28/10/2013 21:08

Maybe next wave of rises from tomorrow if we get a rise on ASX tonight and the large buyer has finished after today's trades.

All good on chart & ta..

[treacle32] 28/10/2013 17:13

NITE (MM) still opened up for business so despite the 2m buy & others imo the larger buyer even now after 2 weeks not done yet.

[treacle32] 28/10/2013 13:04

Should go higher soon now....buying pressure building.

[treacle32] 28/10/2013 11:38

More...

2 million buy at 2.60 pence now.

[treacle32] 28/10/2013 11:31

Large buyer still accumulating as I keep saying.

770,000 buy just published at 2.63p.

[treacle32] 28/10/2013 09:42

After NITE has filled another larger buy order imo.

[duxy786] 28/10/2013 09:04

Nice stream of buys coming through....time for a tick up?

[treacle32] 28/10/2013 08:14

Some buys early doors & with just 1 MM on offer looks like blue day.

NITE (MM) still bidding for stock, everytime I've said a larger buy has come through for 2 weeks now.

[jon389] 28/10/2013 08:12

Treacle. How do you know there is one buyer buying big here.excuse my ignorance

[treacle32] 28/10/2013 07:17

Just 2% down on ASX and maybe a further sign that consolidation nearly over.

IMO the large buyer will dominate the action today too.

[treacle32] 27/10/2013 17:03

ASX should provide direction for tomorrow. The PSC news can come anytime now and would override everything.

Through-out the rise and since 2p profit takers have been clearing out all the time & same with ASX too hence RIA has been able to sustain gains.

The large buyer continues taking care of all the profit takers - loose stock is scarce so if you have a close look at the trades pages you will see that the large buyer is now buying in smaller chunks and from any stock that becomes available from the profit takers.

I wasn't around on Friday afternoon so don't know how Level 2 closed - I'm presuming most of the MMs stayed high at 2.90/3p on the offer and only 1 remains on 2.65 pence.

The MMs have done a great job accommodating the large buyer and they won't mess about with the price to hit stop losses etc - that's just a myth anyway along with 'treeshake' comments people come out with.

The price on ASX has consoldiated for 3 days so maybe tonight should go blue again.

The large buyer imo will continue buying more in the coming days.

As always it's the offer price in conjunction with Level 2 one needs to take into the equation.

Also one has to take into account how the large buyer has upped the ante thus far by going as high as 2.89p for 1 million shares - anything becomes available at these prices then I'm sure they'll look to continue adding and hence again for that reason I think the next wave & rises should begin again tomorrow.

[nesty1760] 27/10/2013 14:26

duxy786 - Friday on RIA always seems to dips! I remember last month when it rose to 2p, then it went down to 1.60p by the end of Friday!

The MM's might try to free some up. Though the PSC news is due before week Friday and then the news will add a bit of stability to the future investment.

[duxy786_2] 27/10/2013 02:30

as mentioned in my last post, a supprise jump but the wrong way...it jumped to test the 2nd level. Now full expect and remain traders to sell/close T trades on monday thereby testing the 3rd and final support level at 2.45.i doubt very much it will break that level although it may sink on intraday as MM's start to push stops as they continue to fill the big orders.Targets by brokers mentioned above seem pretty high, especially in todays markets. Taking them with a pinch of salt but even a Third of that target would make this a multi bagger for current buyers so all to play for at these levels. I will no doubt add along the way too.Good Luck all,duxy786

[nesty1760] 27/10/2013 01:31

Got 3 pieces of news to expect.

1. Holding RNS
2. PSC News
3. Broker update.

All going to drive the share price forward. November will be a good month!

[treacle32] 26/10/2013 18:39

Previously said the new house broker appointed in September 2013 should be doing a write-up soon imo once the PSC has been signed.

The below notes show the size of potential valuation on RIA.

Investec (previous house broker) had a 10p valuation in Summer 2013

There were the below too in January 2013

Fox Davies - believe A$0.25 equates to around 12p
"On the basis of the list of peers, and their valuation,
we believe that the share price should be trading at
approximately A$0.25".

Patersons - believe equates to around 27p
"A$0.54"



- As said since end of Aug 2013 and from 1.30p that superb potential short/medium/long term imo. I've always thought £120m or around 8p would be fair at the current progress inc. new PSC signed but 6p maybe more realistic first short term.

[nesty1760] 26/10/2013 16:29

Hi Treacle

Hangovers, well I suppose if RIA keeps going up then they might be more frequent !

I think you could be right for 6p. Though the PSC will be a nice positive piece of news it will really underpin the share price and de-risk this stock greatly.

Then we will probably get a new wave of investors from 5/6p looking for say 10p, which could be achievable by Feb.

All looking pretty good. Not long now for the next piece in the jigsaw.

[treacle32] 26/10/2013 15:31

Hi Nesty.

Yes thanks had a great night until the early hours - bit of a hangover today.

Yes I agree maybe re-ratings are now afoot on AIM in run up to Xmas.

I've just been looking at one step/resistance at a time since the 1.30p days.

I've always said 4-5p should be easy on PSC news considering the price was at those levels when the existing PSC came unstuck in Spring this year.

Momentum/short supply of stock (with ongoing large buyer) may bring about up to 6p now imo on the PSC news before consolidation/further news.

Have a lovely wk/end....

[nesty1760] 26/10/2013 14:30

Hi treacle hope you enjoyed your afternoon out.

Usual RIA Friday drop yesterday. I got a small top up in!

Though it's really moving in the right direction. I do wonder if things are starting to turn in AIM. There has been some serious movement in some shares recently. TDLH & UPC mainly. TDLH moved over 120% in a week or so. If a share is news driven then it can move quickly.

We rising nicely towards the PSC news, which has to with the market by end of play week Friday (or it will be technically late).

I can see 5p or so by the end of November, probably even higher?

[treacle32] 26/10/2013 11:49

Overall Average: 96% Buy

[treacle32] 26/10/2013 11:48

Was out in the afternoon yesterday so not sure how L2 closed - presuming it was just still SCAP alone on the offer with the others alot higher.

The large buyer has underpinned the price with the 1m purchase as high as 2.89p this week.

I'm sure a holding in company RNS is now pending - my calculations are the large buyer has accumulated 23 million shares at least now.

PSC news should be announced next week/week after and I think we will smash through 3 pence easily next week. 3 days of consolidation on ASX thus far - maybe next leg up on Sunday night before our open on Monday morning.

[duxy786_3] 25/10/2013 12:47

1st level of support at 2.6, hit it dead on, it may now test the second level at 2.55.

I wrote the above at 9:30am...forgot to hit send.

The fact that we have now tested the support at 2.6p twice now, the afternoon should be very interesting as it could make a surprise jump to close blue.

[treacle32] 25/10/2013 12:07

500K buy at 2.64p - imo large buyer still wants more with NITE MM still on the bid.

Just 1 on the offer and others still way high at 2.90/3p on offer.