Rm2 Share Price (RM2)

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Share Name Share Symbol Market Type Share ISIN Share Description
Rm2 International S.a. LSE:RM2 London Ordinary Share LU1914372336 ORD USD0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 8.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 4.85 -32.31 -8.14 25
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 8.50 GBX
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Rm2 (RM2) Discussions and Chat

Rm2 Forums and Chat

Date Time Title Posts
23/11/202001:22RM2 - A Global Pallet Manufacturer1,090
06/1/201408:47NEW IPO26

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Rm2 (RM2) Top Chat Posts

DateSubject
14/4/2021
09:20		Rm2 Daily Update: Rm2 International S.a. is listed in the General Industrials sector of the London Stock Exchange with ticker RM2. The last closing price for Rm2 was 8.50p.
Rm2 International S.a. has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 289,911,671 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Rm2 International S.a. is £24,642,492.04.
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23/7/2019
07:31		phowdo: As predicted... phowdo 26 Mar '19 - 15:55 - 1016 of 1078 Another 6 months should see the shareprice back to where it was before the 1 for 200 consolidation. conditional Placing of 300,000,000 new Ordinary Shares at a Placing Price of US$0.02 per Ordinary Share
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29/6/2019
18:27		jackbal: I had a punt on these as I thought Woodford would have no choice but to stump up the other half of the placing at same level as before. I was wrong, he halved the price due to kpi’s not being met and dilution was almost terminal. However I still retained long term optmimism as I thought he can be wrong 3-4 times but that he was a pro and would cut losses if the case was hopeless or had to be right eventually like a broken clock. How wrong I was! He simply vanity funded it with other people’s money! A lesson learned in terms of never trusting others research as a basis for your own! I overestimated how little room for error there was in his analysis and underestimated how calamitous this business is! I have to say that I find this company almost humorous (would be much funnier if I wasn’t losing 90+% and in all probability eventually 100%) but how could they continue to pump in tens of millions with no revenue surge in sight. It’s so ridiculous it almost seems duplicitous. $2 million cash burn per month after they streamlined SG&A and they don’t even have enough pallets to meet demand. WTF, oh my WTF!!!!!!!
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27/6/2019
08:27		masurenguy: From todays issue of The Times. I've never invested here either. "RM2 has proved an object lesson in how to turn a smart idea into a rotten business. Despite the business-savvy board, RM2 made two basic errors. It failed to find a cost-efficient way to make its pallet. Losing $77m on just $104,204 sales might be understandable in 2013’s start-up phase. Yet even by 2017, the latest full-year figures, RM2 still only had $6.6m sales — but $44m losses. In fact, in five years, losses total $280m. John Walsh left in June 2017, with RM2 now on to its third chief executive, though Mr Molson, Lord Rose and Paul Walsh are still aboard. And one investor has kept the faith, upping his stake from an initial 9% to 40%: yes, Mr Woodford. Still, no escaping the unpalletable truth: even good ideas like Blockpal can leave you looking a bit of a blockhead." hxxps://www.thetimes.co.uk/edition/business/a-not-so-palletable-investment-k3jbwttm5
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26/6/2019
21:40		volsung: Orangemen burn loads of pallets every July. Could they save RM2?
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26/6/2019
10:52		zen12: Not end of world, maybe investors have missed this trading update hidden behind the announcement '.. Trading updateRamp-up of pallet deployment in the pharmaceutical sector continues and the Company has recently signed further contracts in the food preparation sector, based on recommendations from a Fortune 100 company which prescribes the use of RM2 pallets by its suppliers. Discussions for a large contract with a well-known multinational are promising and the Company hopes to be in a position to announce the signature of that contract in the near future.The Company's cash balance at the end of May 2019 was US$3.3 million. The Company's expected monthly cash burn including cash being invested in the production of pallets to meet demand, is approximately US$2.3 million, prior to any deferral of scheduled payments.
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26/6/2019
08:10		pugugly: My my - The fat head office cats really pulled the wool over Woody's eyes - Great idea from those so isolated from the real world of warehousing that they were able to enthuse those who were city-centric and were also too far removed form the oily-rags who would have to use the new fangled - super heavy VERY EXPENSIVE pallets which initially were too slippery - Is this the end of the road for RM2?
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24/6/2019
10:33		phowdo: It's getting there... phowdo - 26 Mar 2019 - 15:55:05 - 1016 of 1043 RM2 Another 6 months should see the shareprice back to where it was before the 1 for 200 consolidation.
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03/6/2019
18:14		mattjos: Woodford fund in big trouble now. What price RM2 if/as/when he unloads here in coming weeks?
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19/3/2019
12:59		dexdringle: Yes Dr, they must have spent at least £100M here. It'd be funny were it not so tragic (financially speaking). Looking back at some of the laughable statements from 5 years ago on the permanent header to this thread: "The IPO will give it a starting market capitalisation of about GBP278.3 million @ 88p/share" "RM2’s Canadian plant can produce one million pallets a year, with production capacity intended to gear up to three million units in 2014, helped by the launch of a new factory in the US. 2015 should see a UK plant open and annual production capacity is forecast at 6.5 million pallets. North America and Western Europe are the target markets" "EDISON starts coverage with long-term target of 370p" Bear in mind that 88p a share is £88 in current money after the 100 for 1 consolidation. And 370p is £370 in current money (850 x the current price) This must be a textbook case of a terrible idea that gets completely out of hand.
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19/3/2019
08:22		dexdringle: So RM2 are tracking the pallet because the pallet itself is valuable. I can't believe that someone hasn't invented a cheap, disposable, wooden pallet that renders tracking it unnecessary. Oh, hold on...... Like we have said before. On the face of it, RM2 appear have solved a problem that didn't exist....
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