Rm2 Share Discussion Threads

[lentjes] 31/5/2016 18:59

Revenue !

Where do you get that from ?

[kendonagasaki] 31/5/2016 18:25

Yes but look at how much they are making at present and future revenues are pretty much guaranteed in the future.

[lentjes] 28/5/2016 08:14

Plenty of cash, are you sure ?

How mush do you think they have left as the last figure I have is US$36m @ June 2015 plus the placing @ GBP30m but you need to deduct 12 months cash burn ?

[kendonagasaki] 28/5/2016 07:22

Mr fund.It's better to have loved this share and lost some money than never have loved!You sound bitter?That's the game of love. Get used to it.

[pugugly] 27/5/2016 08:29

Kendonagasaki:> Have you checked how much of the NAV is in pallets ? Pallets that many in the trade do not seem to be too happy with.

What is the real value (in other words how much would they be worth in a liquidation sale?)



I wish you the best of luck and you may have called the bottom of the market but having followed for some time (part of the time I held but as you will see above I no longer hold) i have come to the conclusion that the business model may be flawed - It appears to make financial sense but the execution has been poor It is not clear (to me) whether this is management or product or both.


If both MRF may well be right

[my retirement fund] 27/5/2016 08:14

It would probably be a buy if it was wound up company disolved and the remaining cash returned to shareholders.However it looks like they are hell bent on seeing this through to inevitable bankruptcy.

[kendonagasaki] 27/5/2016 08:03

If any of you have had a look at the accounts, you will see that this is trading well below net asset value, debt free and cash in the bank.I rate this a buy.

[kendonagasaki] 26/5/2016 12:48

Monty, I'm afraid I have to disagree here.I've just bought into today. I believe they can expand and grow the business and my price today is well below the year high.Woody and co hold 28% and that's not through stupidity given their latest increase in holdings.All the best old chap!

[pugugly] 19/5/2016 15:53

montyhedge: Agreed - His holding is so large he is (imo) locked in and could only get rid of it at a scalpers valuation - At a guess very substantially south of today's price.

thank goodness my holding was small enough to dispose of without taking too much of a haircut having contacted the company and had a bad gut feeling with their response.


Still lurking as concept attractive but execution diabolical (I could go on but water under the proverbial bridge !!)

Time to look for better opporunities.

[montyhedge] 14/5/2016 21:18

Everyone makes mistakes, even Woodford, made a big one here.

[jackbal] 29/4/2016 18:20

Surely Woodford is going to lose a fortune for investors here. I have bought and sold a few times based on the fact that Woodford had paid a considerably higher price for considerably more shares after considerably more DD. The guys presenting this to him must have been AAA rated salespeople because this has been an absolute disaster since floating. No substance in the RNS's and a license to burn money.

[lentjes] 28/4/2016 18:33

Can anybody explain the RNS today. Woodford still appears to have the same number of shares but has reduced voting rights by approx 6m

What does this mean ?

[mach100] 17/4/2016 15:46

Been watching this share for years but still find the investment case rather unpalatable. Is there anything that would give the share price a lift? It seems the business idea doesn't really stack up. Will this be taken privatE? I think the directors have bought quite a few shares on the market.

[pugugly] 17/4/2016 13:19

Lentjes: Nice find - I wonder whether she left because the product is not viable or if she was pushed or just incompatibility or part of cost cutting and rationalisation Hummmmmm

[lentjes] 17/4/2016 09:42

I see after all the fanfare of her arrival Jane Gorick has jumped ship after 7 months !!!!!!

hxxps://www.nonexecutivedirectors.com/jane-gorick-ned-17853.html

[salpara111] 07/4/2016 12:24

Every time I look at this I struggle to understand the market cap.
Even at half current levels there would be a lot of "hope value" in the price.

[lentjes] 06/4/2016 18:08

For the last para of the RNS regarding taking steps to ensure they have sufficient pallets to service their customers needs what he actually meant to say was we have had 10 pallets made in advance

[lentjes] 06/4/2016 08:18

RNS 15th December 2014

Installed capacity 4m pallets per year

RNS 24th September 2015

2016 production expected @ 2.6m pallets per annum (300k per month) and will all be deployed

RNS 6th April 2016

Moving manufacturing facilities to china for 1.5m pallets per annum

So John Walsh please explain why the forecast 2.6m pallets for 2016 has been impacted by the deal with Zhenshi. Should we still not have 2.5m installed capacity in Canada that you said you were confident you would deploy

[pugugly] 06/4/2016 07:48

Lentjes: You beat me to it !!!!

My comments prepared for posting were "Reading between the lines message received is that they have got themselves into real trouble cost wise and also – again between the lines – pallets are not lasting as long as expected – possibly being lost in the logistics chain – also too expensive for their potential customers - BUT they are putting a positive PR spin on the situation which the market may take as face value".


100% in agreement with you -

[lentjes] 06/4/2016 07:19

Looks like 2016 targets missed so let's hide this in a bull sh*t RNS about a deal in china

[zedder] 18/3/2016 15:30

Seems to have suddenly sprung back to life!

[lorentz7] 17/3/2016 09:03

It sounds like they've accepted it after the trial phase (see the last operational update about trials, and also mentioned on one of the stock house forum Axios threads). It smells rather pre placing rampy to me (remember how they hyped for the IPO). There may be one or two more of these given there were 3 retailers trialling. It's so vaguely worded they probably hope some people will misread it that Loblaw are actually an rm2 customer (rather than the vendors). And no numbers, almost 6 months on now from the placing when it was clear they needed a big production ramp up to have a chance of debt funding. You've probably seen my change of mind about rm2 on the lse board and the reasons. I've not yet cancelled my rm2 rns alert, but for curiosity's sake only.

[pugugly] 17/3/2016 08:19

Looks like a toe in the water to me - Very cautious statement by Loblaw (imo)

"Loblaw Executive Vice President of Supply Chain, Rob Wiebe, commented: "We are very pleased to begin accepting RM2 pallets in our distribution centres, and we look forward to working with selected vendors to support this important sustainability and efficiency initiative."


To possibly rephrase - {OK we are interested in what we see - Now to see how it performs in our distribution chain We will then make a decision jointly with some of our suppliers as to how it works in practice}

Or am I being too much of a cynic ?

Anyone in Canada able to augment statement form direct knowledge ?