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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
01/7/2019 22:18 | 😂😂 | daffyjones | |
01/7/2019 08:19 | Temporarily - yeah right! Temporarily followed immediately by delisting! | jackbal | |
01/7/2019 08:12 | Game set and match - Suspended. Re 1062 - Times wrong (imo) to say "business-savvy board" They were probably very good man managers but had all come from large companies and may well have totally lost touch with the "oily-rags" who were/are responible for running the day to day logistics of warehouses and transport - High profile management retiring from or moving from large companies to small start-ups very often forget that small start-ups are totally different animals. | pugugly | |
30/6/2019 14:08 | MRF - Calamitous or duplicitous or both! I just find the sheer amount of cash burned hard very very difficult to fathom given that there is almost no tangible progress whatsoever. If process was as slow as is evident why on earth was cash burn so high for so long. We will never know the true story of what actually unfolded here but I bet there is much more than meets the eye. Even by dot com standards this would have been eye watering. At the very least would have expected them to be sitting on a load of pallets gathering dust. Shame on you Rose, this was on your watch | jackbal | |
30/6/2019 09:56 | Given the clue was in one of their first ever trading statement after IPO it was pretty obvious from them then changing the business model that the original concept was a dud.All these years later looking at the money taken from shareholders and spent, one logical conclusion must surely be that there has been industrial scale fraud here ? | my retirement fund | |
30/6/2019 09:27 | Brewsters million’s comes to mind. I only put fruit machine money into this and knew it was very high risk so really didn’t do anywhere near enough research but I was shocked that after all that cash burn they didn’t even have enough pallets to meet demand given previous RNS regarding them retrofitting etc. I thought a chunk of sunken cost would be tied up in inventory. I read somewhere they have 70 employees too! Wages must be at least 100k per month, prob seemed good value to NW on 100k per day! They should write a book about this monumental f up, Might sell quite well given Woodford significant involvement. | jackbal | |
29/6/2019 21:07 | If they haven't spent the $300m making gazillions of pallets WTF have they spent it on ? | dexdringle | |
29/6/2019 19:27 | This company will be sold for a quid, nothing left in the pot and no room for manoeuvre! | bookbroker | |
29/6/2019 19:22 | Seriously - you couldn't come to the obvious conclusion that after several years of not selling any pallets that is was more than likely that no one wanted to buy them? Investing really is as easy at that sometimes. | hpcg | |
29/6/2019 18:27 | 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!!!!!!! | jackbal | |
28/6/2019 12:43 | Nearly $300m spent and what exactly do we have to show for it ??? | dexdringle | |
27/6/2019 08:27 | 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 | masurenguy | |
26/6/2019 22:06 | Volsung, i think youll need a new supply of Orangemen to save this ship from sinking.x 100 would be my guess. I ve never dipped in a toe here, and I never will. Suicide. | escapetohome | |
26/6/2019 21:40 | Orangemen burn loads of pallets every July. Could they save RM2? | volsung | |
26/6/2019 21:25 | Well we all know the answer to that one TV - NW didn't want the bad publicity. | ltcm1 | |
26/6/2019 17:51 | Oh what a predictable end. No doubt the technology will be sold to someone for a deminimus sum as and when this folds. It was plain to see a long time ago. The cash burn is ludicrous. Why did Woodford compound his stupid original investment with putting up more cash for an investment that wouldn’t even get through Dragons Den? | topvest | |
26/6/2019 17:33 | Spot on TW, It's how ya tell em! | dudishes | |
26/6/2019 11:19 | It's a private company serving a niche market. Purged of the excess management, staff and factory it could be make a hundred thousand a year? The clue to the future success was the lack of immediate take up. Good ideas get early adopters and accelerating traction. Poor or expensive products that don't work go into endless qualification and testing cycles. | hpcg | |
26/6/2019 11:08 | ....hmmmm, and we haven't heard that before from this management have we.. | dexdringle | |
26/6/2019 11:04 | Read rns, they already have signed contracts and are talking to a large multinational.. | zen12 | |
26/6/2019 10:52 | 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. | zen12 |
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