Rm2 Share Discussion Threads

[my retirement fund] 30/3/2018 13:27

Okay sefton1.

[hpcg] 29/3/2018 13:35

There is already effectively the charge as the converted prefs have accumulated dividends retained and outstanding. I don't know how much as I haven't been able find out on just a cursory look.

[ltcm1] 29/3/2018 13:32

What is to stop Woodford from lending Rm2 money at an attractive rate i.e. attractive to Woodford!!!

Sgi has been hampered by a similar tactic and got lumbered with a 5yr loan at a high rate of interest from their new majority shareholder.

[hpcg] 29/3/2018 11:28

It will head down to 1p soon enough, and probably lower. This is essentially a recap and the company is worth just the new cash. It is after all a serial failure. Note that the new money will only even commit to half what the company needs.

[jimmyloser] 29/3/2018 11:04

I don't think so. I am firmly of the opinion that our new guys know what they are doing and that have a strong order pipeline.
Hanson have played a blinder!

Just added a 100k

An interesting punt.

impo/dyor

[ltcm1] 29/3/2018 10:50

Haha I think you both might be right!!!

Is this throwing good money after bad or a winning product that was badly handled when it came to manufacture???

Neil Woodford believes but Woodford is also pumping cash into Pfg and Cpi.

He has also lost a small fortune here. Has it clouded his judgement???

[dexdringle] 29/3/2018 08:21

....no, I think what they are doing is forecasting the value of the business as a success (rather than being priced to fail) then working back to a share value.

If you think the business will be worth £200M in a years time, which is 3.3p a share post dilution, then 1.75p a share looks good value (type thing).

At 1.75p a share that implies a post placing market cap of £100M.

People buying are only buying modest numbers of shares so mostly people having a punt and not serious investing. Arguably better than the gee gees and the anticipation lasts longer......

[phowdo] 29/3/2018 08:13

Time for some PTJ advice again...

[dexdringle] 29/3/2018 08:09

Well, these were recently 30p each when there were 500M shares in issue. Market Cap was £150M

With 6,000M shares in issue for a market cap of the same £150M the share price would need to be 2.5p.

Question: what should the market cap realistically be if we can assume (just for a second) that the plan will work and that RM2 will be a success ?

[pugugly] 29/3/2018 08:07

Most surprised that they have been able to raise the funds -Good money after bad comes to mind -

[jimmyloser] 29/3/2018 07:56

I have been following ACRL...

6 billion shares in issue will only be for a time until they are strong enough to consolidate them.

This is the vehicle for them to carry on, they will already have the backing they need I suspect. I again say that if they didn't have a solid blueprint to get out of jail, nobody would have backed this at any price.

Turn away if you don't like blood.

impo/dyor

[letmepass] 29/3/2018 07:52

Edison target needs some revision.. 1p coming.. Have a look at ACRL

[imjustdandy] 29/3/2018 07:52

Never seen this as a resolution. Going to have 6 billion shares in issue . FFS

[jimmyloser] 29/3/2018 07:39

Certainly saw a lot of selling yesterday!

[phowdo] 29/3/2018 07:32

placing at 1p.

[jimmyloser] 28/3/2018 18:31

I just saw this in our header - LOVL

EDISON starts coverage with long-term Target of 370p! Apr'15:

[freddie ferret] 28/3/2018 16:18

Lovely five year chart! :)

[my retirement fund] 26/3/2018 09:19

From small acorns great oaks can grow.On the otherhand from great acorns small saplings can germinate then quickly die. What category?