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RSI Rock Solid

0.50
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Rock Solid Investors - RSI

Rock Solid Investors - RSI

Share Name Share Symbol Market Stock Type
Rock Solid RSI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.50 0.50
more quote information »

Top Investor Posts

Top Posts
Posted at 22/9/2013 06:01 by multibagger
I am beginning to toy with the idea that RSI may be re-listed sometime in the future, once the company is clearly back into profitability, having good revenue visibility/ order backlogs and may have even paid a maiden dividend. This would "soften" up the market as would be attractiveness of the share vis-a-vis the likes of THAL and GTC from a valuation point of view. I hope my other seismic imaging play VIY comes good by then as well....waiting forever it feels like.

The sectoral valuations of the likes of THAL and GTC, compared to RSI would be attractive to investors. This period of de-listing though painful and frustrating as we have effectively been locked in, has been important to allow the company to focus on re-inventing their product offer and approach without being under the spotlight of relentless share price drift. The company seems energised and gaining rapid traction.

Our backers (Sector, East Hill) will be wanting to take profits, I imagine, after a decade of pumping funds into the company and keeping it afloat. Dividends though sweet, won't be enough ROI. Hence, my view that they will get RSI to re-list, sell off part of their stake for a tidy profit.

The alternative would be for the company to be put on the market to be bought by one of the bigger E&P outfits / Private Equity. Both scenarios are becoming increasingly possible given the recent recruitment activity and major deal with Pemex. I am fairly confident that we will soon have another major deal(s) announced with another NOC / SM - could be the likes of a BP, Statoil and/or a Chinese NOC.

May be actually time to be buying some shares in RSI....I never thought that I would be saying that ever !
Posted at 28/2/2013 15:54 by multibagger
Hi derekhales,

I have written it off already, so I it does not make sense to sell for a few thousand £. If at some point it turns, then I am better off, if not then no further loss. There are some big investors behind RSI and I don't see them walking away after they have sunk sizeable amounts over the years. I hope to coat tail on their success, if and when it comes :)

The seismic imaging sector in general is doing well, so even crumbs off the table may be rich pickings.
Posted at 02/2/2013 11:22 by multibagger
Courtesy of Cfro on 01 Feb 2012: on ADVFN BB

The rising tide in the seismic imaging sector may just lift the RSI boat as well.....


A brilliant piece in this weeks Chronic Investor......

'A Different Way Into Energy'

Seismic Small-caps to Watch.

"SEB Equity research recently reported that it expected growth in seismic spending of 19% in 2012 and 18% in 2013, A couple of small-caps that should benefit from this highly supportive environment are AIM traded Thalassa Holdings and Oslo listed marine seismic operator Dolphin Group.

Thalassa is a small AIM traded marine seismic operator which recently announced news of a size-able contract off-shore Ecuador. The seismic market continues to look in excellent shape and this small group - currently valued close to its net tangible book value (which includes a good lump of cash) and trading at just seven times Dec 2013 full-year estimates - looks compelling value."
Posted at 18/1/2013 07:46 by multibagger
Hi RBonnier - only us two on this thread ! I have psychologically written off my investment (about £28K) and I would be very delighted if we get our money back. Having said that, a number of companies in the same field - GTC, THAL are doing very well. The rising tide in the sector may actually lift our RSI boat as well ! THAL already have a small stake in RSI and may look at a making a slightly better offer than last time, if they can release value from RSI.

I believe that RSI has struggled to due to poor management and the appointment of the COO is a good move to get some vigour, energy and enthusiasm in the executive team which appears tired and jaded.Many big players in oil and gas are spending huge sums on exploration, so even if we get a small share we will do well. RSI has good scientific base ( in my uninformed scientific view), plenty of experience and a track record of working with some very big companies. A number of big investors have sunk in a lot of money and have been standing shoulder to shoulder with RSI for a long time - they are unlikely to walk away without making some profit and we will benefit along with that. Also dividend payments may happen over the next few years, as the big investors hold 90% or thereabouts of the company. The problems in my humble opinion are largely historical and a part of me feels that there will be some of improvement in revenues and profitability now.

We are strapped in for the ride, so might us well enjoy it :) In emails exchanged with Ian Branagan at BritDaq and Bob Auckland, I was given the impression that shares have changed hands in the region of 0.8p. I guess we will have results for year ended July 2012 in Feb 2013...so we will get a better picture then. Good luck :)
Posted at 12/4/2012 12:55 by multibagger
Some brave investors jumping on board before the delist from AIM...clearly not deterred by the lack of liquidity...one last hurrah with an uptick in share price ! I am in for the long term now and hopeful of making a profit. Good luck all.
Posted at 10/4/2012 12:28 by tara7
Hatetrader2 Stock can now be bought for around 0.3p

Keep an eye on the price.!!

As you let investors miss the last 300% rise, this time you might learn and keep you big gob shut.!!!
Posted at 03/4/2012 13:44 by mr macgregor
Managers of this company and its predecessor have a history of destroying value for small investors whilst looking after themselves. Their salaries have consistently rewarded incompetence. Nests were well feathered by offloading shares at £2.40 before the company collapsed. They have looked after the concert party comprising East Hill and Sector by giving them the OHM business for $150k prior to an onward sale for millions of dollars ten months later.
Posted at 30/3/2012 16:23 by tara7
Hatetrader2

Shame on you.!!

Your posts have now lost investors [who were put off by you] 300%.!!!!
Posted at 14/3/2012 12:28 by tara7
Hatetrader,

Have you seen Game group today.??

Investors have made 50% in 3 hours.

This in a stock that the likes of you have been telling investors NOT to buy.!!

LOL,!!

You should be reported.!!!
Posted at 05/2/2012 16:00 by marab
Apologies for o/t but I have started a new thread to help investors decide which online broker to use and I would be grateful for any advice posters might have in that respect. Some of you have been trading shares for years and have probably tried most of the available sites, so I hope you will share your opinions and help other investors find the best online broker. I will be posting this on a few threads, because if no-one knows about it it ain't going to achieve much, so if it annoys you please say so on the HAM thread.

BOB – Best Online Brokers -

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