Share Name Share Symbol Market Type Share ISIN Share Description
RM2 Int LSE:RM2 London Ordinary Share LU0994178464 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.625p 1.50p 1.75p 1.625p 1.625p 1.625p 106,641 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 7.2 -42.8 -10.5 - 8.05

RM2 Int Share Discussion Threads

Showing 701 to 721 of 725 messages
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
DateSubjectAuthorDiscuss
05/1/2018
12:44
Running out of time to secure further funding. Cash due to expire by end Jan.
mattjos
01/12/2017
15:47
JakNife - have to agree with your assessment. I can't see this going anywhere except probably into administration with a third party buying the technology which maybe synergetic with their core business. Another option is possibly an existing investor who can see the potential to exploit the latest developments with the hindsight of all the lessons learned from the past mistakes. I've monitored this since the IPO but was fortunately never tempted to invest.
masurenguy
01/12/2017
15:24
The company is burning $1.4m a month (although the RNS also notes that $3.4m was burnt in Nov - the difference between unrestricted cash of $9.4m at 31 Oct 2017 and $6m of cash at the end of November) and seemingly has enough to last until the end of March next year. Let's assume that they need £25m of cash to get them through to cash flow break even. That seems a reasonable number being $1.4 more cash burn for 2 years. But then again is that a reasonable number bearing in mind how poor their track record for forecasting is? Going with the £25m number, the first point to note is that that's twice the current market cap of the company, which is a mere £12.5m. At the extreme, therefore, an investment of £25m at the current share price would involve letting the investor take 66% of the equity! However, that all fails to take into account Woodford's preference shares. They have priority ahead of the ordinary shares and that complicates matters. Why would you put fresh ordinary equity into the business when the biggest beneficiary of that equity would be the preference shareholders? So if you had £25m of spare change, liked the technology and were prepared to invest would you: A. Put money into some sort of equity instrument? Assume say that you can structure your investment such that it ranks ahead of the ordinary shares AND ahead of Woodford's preference shares but the prefs and ords have to stay. B. Let the company go into administration and agree a pre-pack deal or alternatively buy the assets that you like and leave the assets that you don't like behind. I'm afraid that the only sensible deal is option B, if a deal is done at all. Ultimately I think that RM2 is heading to zero. JakNife
jaknife
01/12/2017
10:48
What are they spending $1m pm on? Whilst I think the current CEO has been handed a bit of a poisoned chalice, its the clown before him that burned through 100m+ that should be blamed. May have punt value at this level, but I'm not taking part.
dr biotech
01/12/2017
07:49
Expressed an interest? What does that mean exactly?Looked at a brochure?
remarkomsoc
01/12/2017
07:47
The Board remains confident of the Company's ability to obtain funding upon receipt of purchase orders for ELIoT-enabled smart pallets. This follows positive feedback received from trials undertaken by a number of potential customers in North America over the last few months and discussions with several Fortune 500 customers who have expressed an interest in the pallets.
jimmyloser
01/12/2017
07:40
"the Company expects to have sufficient cash to continue operating through January 2018." Current shareholders are going to get screwed on any fundraise with it being that tight. Perhaps Woodford can average down again...
phowdo
20/11/2017
13:09
Are you still calling this to zero Jaknife? I actually have the opposite view and believe that it's time to start buying a few (clearly very high risk and option money only). Although it is currently a train wreck o believe too much Insti money has been invested for them to write this off. Also, appointing a new broker says to me that they are going to try and salvage this.
jackbal
17/11/2017
07:36
The announcement back in July referenced a $65m fund raise, which is a hopelessly optimistic number. But they're obviously trying to do something otherwise why appoint Strand Hanson as a new broker?
jaknife
01/11/2017
23:11
Next fundraising imminent, I would suggest
mattjos
26/10/2017
12:08
They can't even burn these on bonfire night!!!
ltcm1
03/10/2017
22:05
They need 400k Eliot pallets in circ to break even but, since listing only got 272k out there.God knows who is going to back this any further .. they are trying to 'add value' to the proposition by sticking a chip in the pallet .. U.K. Supermarket chains tried this years ago & dumped it.
mattjos
03/10/2017
12:07
Sharp moves today but can't see any news. Anyone else?
jaknife
15/9/2017
21:28
Don't see any trades. Nominal price seems to be about 6p. Are they still in business
primachm00
29/8/2017
22:17
I've got an idea for a plastic skip, perhaps Neil Woodford will advance me £100m to build a factory. Is RM2 the worst business - in the world???!!!
ltcm1
26/8/2017
14:33
I'd like to see Woodfood go on Dragons Den with his pallet!!! Aren't there about five 'captains of industry' on the board too??? Guess it must have been an Allied Minds invention.
ltcm1
25/8/2017
13:59
Jackbal, Happy to talk about RM2 here if you want, which without a doubt looks to be heading to zero. But if you want to discuss HNR then let's do it on the thread that I created: http://uk.advfn.com/cmn/fbb/thread.php3?id=41322372 And please make sure that you read all of the header including the "Update: 7 July 2017" bit where I closed my position. warmest regards, JakNife
jaknife
25/8/2017
13:49
Jaknife, when you call zero it's a good reverse indicator! Hnr a prime example, got any others you are calling to zero?
jackbal
22/8/2017
08:43
Market cap £30m, still £30m to much, company tried to solve a problem, that was not there, wooden pallets cost 50p. Black eye for Woodford the wonder boy.
montyhedge
22/8/2017
08:41
Happy to hear why jimmy, it looks a basket case to me and heading to zero.
jaknife
22/8/2017
08:37
I don't want peeps to feel that it is cursed with 'loser' part.- lol This is a little bit of fun for me but it is really fascinating - I smell interesting developments and sooner rather than later impo.
jimmyloser
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
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