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% 6.375p 6.00p 6.75p 6.375p 6.375p 6.375p 68,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 7.2 -42.8 -10.5 - 31.57

RM2 Int Share Discussion Threads

Showing 676 to 699 of 700 messages
Chat Pages: 28  27  26  25  24  23  22  21  20  19  18  17  Older
DateSubjectAuthorDiscuss
11/8/2017
07:18
Could be suspended from trading if it runs out of cash?
kendonagasaki
09/8/2017
17:39
Probably going for bankruptcy here imhoNot much cash left now and unable to dilute through further ipo'sIt's over here!
kendonagasaki
09/8/2017
17:37
Well it's good to see the free fall continue!50p a pallet anyone?
kendonagasaki
03/8/2017
10:28
Trouble is company is trying to solve a problem thats not there, wood pallets 50p a pallet.
montyhedge
03/8/2017
10:24
You're right DB - my mistake on the date ! So Judd didn't last much longer than Scaramucci - less than 5 weeks as CEO !
masurenguy
03/8/2017
09:35
I think you mean just over a month. Judd replaced the incompetent Walsh just over a month ago
dr biotech
03/8/2017
09:08
This has proven to be a disastrous investment so far for anyone who bought in at the IPO. Since then the shareprice has fallen by over 90%. I have watched from the sidelines since the IPO but have never been convinced that they have found the right business model to capitalize on the undoubted opportunity. Over a year ago I posted the following: Masurenguy 1 Mar '16 - 420: RM2 have some interesting Executives and investors (like Woodford) who must be aware of this history and yet still see some credible potential, otherwise why would they get involved. However, potential is one thing and realization is another. It is the latter which constitutes the major risk factor allied to the amount of investment that may have to be made in order to ramp up production and obtain a growing market share. I'm happy to watch from the sidelines until some catalyst indicates a genuine breakthrough with both their product and logistics. If this subsequently happens then I reckon that there will still be some time to jump aboard in order to get a decent return here. In less than 18 months the shareprice has plummeted by a further 75% to an ATL of 7.25p this morning. They have lost over $110m over the past 2 years. The departing CEO lasted just over a year despite the fulsome praise by Chairman Molson when he was appointed last year. Ian Molson, RM2's Chairman, commented: "Jasper Judd is an industry heavyweight who has the experience, leadership credentials and deep sector knowledge to take RM2 forward. He is highly respected in the industry and I am delighted that we have been able to attract someone of his calibre to take over as CEO as we prepare for the renewed commercial rollout of our disruptive platform. Jasper's deep industry experience will be invaluable in helping the Company meet its potential. This could crash and burn or maybe the Chinese will pick it up for a song once the cash runs out.
masurenguy
03/8/2017
08:52
CEO didn't last then. More buffoonery. Shame, I thought it was a decent product but shows what incompetent management can do.
dr biotech
24/7/2017
19:22
Yup, someone will hover and make a killing....glad I have been out for a while as well, shame seemed to be heading in right direction...GLA
qs99
24/7/2017
18:45
no surprise with that announcement then. Who would want to poppy up another $60m into this right now?? At first blush, you'd simply say that would just cover another year's losses. Woodford can hardly take all that new stock on. If he did, he would effectively be buying the whole company. Neither can he dump his holding in a hurry as there's no bid for the stock right now. They need to get that rental income up at least another 200-300% before folk might get interested. The company needs to significantly lower its short-term ambitions, scale back its operations and play the longer game with main focus being on the rental pool. Whether or not management can see that inevitability remains to be seen but, with cash getting low and no obvious source of more, they have no choice. I still do not see how a slippery and heavy plastic pallet is a disruptive force in this particular market though. Wooden pallets are just too well established. They need a rabbit and a hat from which to pull it pretty fast else, its the knackers yard. Brambles buying them out for 5c on the $ is a possibility I suppose.
mattjos
24/7/2017
15:56
remarkomsoc Agree, he is not the superman everyone thinks he is.
montyhedge
24/7/2017
15:47
One swallow does not make a summer and one bad stock does not undermine a portfolio !
masurenguy
24/7/2017
15:36
after this disaster, who would invest in a woodford fund? i would not
remarkomsoc
24/7/2017
15:30
Keep paying themselves until the money gone.
montyhedge
24/7/2017
15:30
Former CEO Walsh has destroyed £100m of other peoples money, whilst paying himself handsomely. Glad I sold at 19 (still at a subtantial loss)
dr biotech
24/7/2017
15:03
Jak I would also say game over, slowly but surely.
montyhedge
24/7/2017
14:53
Game over? https://www.investegate.co.uk/rm2-international-sa--rm2-/rns/proposed-equity-offering-update/201707241349279132L/
jaknife
06/7/2017
17:38
Having wasted hundreds of millions of pounds in pursuing the wrong strategy, the company will require hundreds of millions of pounds to fulfil contract agreements on their new strategy. Won’t filling my boots with RM2 anytime soon. There are 9 red flags I spotted of RM2, which you can read HERE: - http://bit.ly/2uuOgd9 Also, included are some strategies I laid out if you think there is a recovery.
walbrock82
04/7/2017
22:29
Anyone worked out WIM's average? Woodford is continuing to averaging down and now holds a blocking stake in the company, albeit a company that continues to burn cash at a prodigious rate & issue new equity by the shedload. The new CEO (ex Brambles) is the sort of chap they should have had at the helm from the start or, at the very least, the person responsible for commercial strategy.CHEP's pallet pool is the business model they are trying to emulate and it's a proven model.I'm still not persuaded about their pallets being 'disruptive' though.I suspect this will remain under pressure until at least the September interims to determine whether or not they can now really start to drive the rental income. Mkt cap still looks much too high at present given the recent results.
mattjos
30/6/2017
19:57
Purplebricks has done rather well though. I am guessing the CEO had to fall on his sword here to get the placing away. Not surprising, he has burned through a lot of shareholder funds here through incompetence and wishful thinking. FWIW i still think the pallets are a good idea, but I won't be back anytime soon.
dr biotech
30/6/2017
17:00
Woodford sure does pick some duff stocks - this and GMD have both been utter stinkers.
phowdo
30/6/2017
16:32
Glad I'm out. Also glad the clown of a CEO has gone, he should have been sacked last year though. Feel Sorry for those left holding the baby.
dr biotech
26/6/2017
07:27
Results due by 30th. Perhaps they will give us the update they promised for Q1. Can't say I am optimistic. The lack of info treats their shareholders with contempt. Seems they will only tak to them when they have to by law...we were promised an update Q1 it will be Q3....
dr biotech
31/5/2017
08:11
Maybe rm2 bottomed around 18p hope so cause I averaged down
rob1ng
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