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 Shares Traded Last Trade
  +0.00p +0.00% 1.375p 285,759 14:00:15
Bid Price Offer Price High Price Low Price Open Price
1.25p 1.50p 1.375p 1.295p 1.375p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 7.2 -42.8 -10.5 - 60.99

RM2 Int (RM2) Latest News

More RM2 Int News
RM2 Int Takeover Rumours

RM2 Int (RM2) Share Charts

1 Year RM2 Int Chart

1 Year RM2 Int Chart

1 Month RM2 Int Chart

1 Month RM2 Int Chart

Intraday RM2 Int Chart

Intraday RM2 Int Chart

RM2 Int (RM2) Discussions and Chat

RM2 Int Forums and Chat

Date Time Title Posts
23/5/201816:12RM2 - A Global Pallet Manufacturer911
06/1/201408:47NEW IPO26

Add a New Thread

RM2 Int (RM2) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:51:231.2535,000437.50O
14:46:511.3821,739300.00O
13:37:541.251,00012.50O
13:35:491.3850,571697.88O
09:29:451.2580,7281,009.10O
View all RM2 Int trades in real-time

RM2 Int (RM2) Top Chat Posts

DateSubject
24/5/2018
09:20
RM2 Int Daily Update: RM2 Int is listed in the General Retailers sector of the London Stock Exchange with ticker RM2. The last closing price for RM2 Int was 1.38p.
RM2 Int has a 4 week average price of 1.28p and a 12 week average price of 1.10p.
The 1 year high share price is 21.50p while the 1 year low share price is currently 1.05p.
There are currently 4,435,957,235 shares in issue and the average daily traded volume is 5,181,740 shares. The market capitalisation of RM2 Int is £60,994,411.98.
29/3/2018
08:09
dexdringle: Well, these were recently 30p each when there were 500M shares in issue. Market Cap was £150M With 6,000M shares in issue for a market cap of the same £150M the share price would need to be 2.5p. Question: what should the market cap realistically be if we can assume (just for a second) that the plan will work and that RM2 will be a success ?
12/3/2018
22:39
jaknife: imjustdandy, I'm well aware of Avanti. Look again and you'll find that: (a) the bonds being swapped for equity are getting 92.5% of the company even though they trade for as little as 26p in the pound, (b) the Avanti share price has cratered from a peak of 750p to its recent low of 4p, (c) even after the debt for equity swap at Avanti there will still be a chunk of bonds outstanding. Personally I think that Avanti is a zero given that the company is performing so poorly even at a basic revenue level. Is your point that you think ordinary shareholders in RM2 should happily give up 92.5% of the company as a good deal? JakNife
12/3/2018
20:09
imjustdandy: Jacknife I'm not concerned by the bonds. They are not an issue at present. I would suggest you look at Avanti communications which was facing near certain liquidation with £557m of debt / Bonds. Avanti managed to restructure those bonds which has seen the share price rise from 4p to 12p as a result. We have less than a tenth of that amount in bonds. The key architect of that £557m restructuring was Paul Walsh their non exec Director. Paul is our non exec Director here at RM2. My point being get the very best in to bat for you in these situations. If Paul can't do it then nobody can. My money is on him!!Uncertain time for sure but potential to multi bag.
26/2/2018
14:41
dexdringle: Can you imagine another company where the number of shares bought on a given day is 39 x the number sold and yet the share price hardly moves...........
01/12/2017
15:24
jaknife: 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
11/5/2017
12:11
walbrock82: Either this company is a dud or it went to the market at the wrong time. Nonetheless, they didn’t deliver for shareholders as shares are 75% lower than IPO’s price of 88 pence. Consider these two facts; - A. Since 2013, total operating loss came to $157m, or £120m; B. Cash balance went from $115m to $4m in two and a half years. We will know how much revenue has grown by late June. Despite the latest deal with Pactiv LLC, the share price didn’t response. To be honest, I expect further financing meaning more share price dilution! For more, check out the post which covers the following: Cost of a wooden pallet, the correlation between share price and cash, Neil Woodford, etc. (http://bit.ly/2q8fowW) Some people would argue that RM2 Intl. needs to reach an economy of scale for it to become profitable. That might be true, but we all know it is a long way off! For those who are evaluating RM2 Intl, ask yourself these questions: A. What is the breakeven point? B. How many sales does it need to produce annually to break even? C. Will the costs come down enough to make RM2 a viable investment proposition?
06/7/2015
08:58
masurenguy: The most interesting angle in this article was the basic summary of the market potential for the new pallet and the strategy that RM2 are adopting in order to exploit it. "RM2 believes that its products will do more than 100 trips before they need to be repaired or recycled. Even the best wooden pallets rarely make 20 trips. RM2 came to AIM at the end of 2013, raising £137m to invest in the full-scale production plant that we are sitting on top of. For now, RM2 is targeting specialist markets: food producers, which need to clean pallets; shippers of high-tech, high-value components; the suppliers of healthcare products; and the beverage industry. Mr Walsh is drawing up plans to open two new factories in the US and the UK by the end of next year. A move to the main market is also planned for next year or early 2017. “AIM does function in that it gives early-stage companies the ability to raise money,” he says. “ But if you’re a company like mine with a market cap of £230m and you ask a market maker for a market, you will get a market in 10,000 shares, £7,000 [worth of] shares. “So you can have days when our share price can move 3 or 4% on less than £100,000 of volume. It is a bit ridiculous.” For now, though, the focus is on convincing potential customers of the benefits of the RM2 pallet. “We are part of progression,” Mr Walsh says. “The design of the pallet hasn’t changed for 75 years. How many products can you say that about?” Complete article here: http://www.thetimes.co.uk/tto/business/industries/supportservices/article4488580.ece
11/5/2015
16:06
my retirement fund: Yes and note the reduced daily volume thus far indicating that the share price may have to appreciate fairly considerably from here to find a further level of liquidity since as has been pointed out, the tap seems to have gone.
18/3/2015
15:09
paul the octopus: oopsy, whats up with the share price, or shall we say whats down? hey hang on where is the potential? there were plenty of director buys? surely revenus are stacking up now, right?hmm,
05/3/2015
11:27
nw99: Share price doing the talking at the moment .
RM2 Int share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:30 V: D:20180524 17:36:48