Rock Solid Share Discussion Threads

[christianf12] 20/2/2012 13:35

Yeah bit of interest today, normally get a contract rns the following day when this happens : )

[chrisis33] 20/2/2012 13:34

Buying today - nice to see

[chrisis33] 17/2/2012 16:41

Well, been a good week for me elsewhere. Looking forward to RSI hopefully getting into gear one day :)

[christianf12] 14/2/2012 16:48

I agree. I'm away in the lakes this week but intend to add to my holding next week. Atb

[chrisis33] 14/2/2012 15:10

Just caught up with this thread, and thanks from me qwazi for identifying our seller. 5m shares at 2p is a relatively small volume to go. Just need a bit of good news to shift them out and we'll hopefully be on our way.

[christianf12] 10/2/2012 15:48

Cheers, pretty poor show from them. Why didn't they issue it under RSI's ticker?

[qwazi] 10/2/2012 15:45

Just under GLG Partners LP. I happened to see it only because I have a streaming newsfeed up.

[christianf12] 10/2/2012 15:35

qwazi, thanks for that. So they have 5m shares left to go.

I think we can get rid of that pretty quickly.

Looks like they want 2p for them. Now we know the seller and how many they have left...game on.

Where did they issue the rns please qwazi as I can't find it anywhere. This isn't on and I'll be letting the takeover panel know.

[christianf12] 09/2/2012 20:46

Chris, yeah me too. The company can't do much more than it's delivering at present. All good news recently. Only the seller holding us back. Once cleared, we will be 'free'.

I'm pretty glad we have a seller otherwise we wouldn't be able to buy at c. 2p.

Happy holding and happy adding.

Gla

[chrisis33] 09/2/2012 16:03

Contract news or director buys or a sale/part sale is what's needed ... no idea on the scale of the overhang. Happily holding.

[christianf12] 09/2/2012 16:00

Well with this overhang and lack of interest it's going to take literally months to clear the seller. Oh well, I can hold.

MM's are not exactly enticing buying with the current spread.

I hope they sell the whole company for the 13p Fox Davies target.

[mr macgregor] 09/2/2012 09:50

EMGS has been the place to be if you're interested in CSEM. I've decided to sell them today. Record results but I don't see where the growth is coming from to justify such a high rating. 2012 EBITDA forecast to be maintained or possibly improved on 2011. Even if they maintain the record performance of the last quarter, p/e is still 80. They also seem to have folded tamely in the dispute with Schlumberger, even though they won the patent battle.
I may put some of the proceeds into RSI though the timing is tricky due to the strategic review. I wonder if they will try to sell the underperforming CSEM unit but difficult to see how this would be done as it's integrated with other work. I hoped EMGS would be putting business their way but that's not happening. On balance I think the whole business will be put up for sale. Any other views?

[christianf12] 08/2/2012 11:16

Take a look at DCD to see what happens when a seller gets cleared, 1p a few weeks ago and now 5p.

Remember the Fox Davies target of 13p here.

Can't believe someone would want to sell at 2p when they could get much much more.

[christianf12] 08/2/2012 10:07

I emailed RSI regarding the obvious seller and just had an email back from Peter Reilly.

He says the company are unaware of any seller as there has been no notification. He thought it may be just a churn rather than a persistant seller.

[chrisis33] 07/2/2012 16:34

Not a bad day of buying here, so long as buys outweigh sells, we'll be on our way up sooner or later :)

[christianf12] 07/2/2012 13:17

If RSI is being eyed by any company with regards to a takeover I would pounce now if I was them and take advantage of the depressed share price due to there being a seller. You would probably only have to pay a 100-150% premium to get the co but if they wait till the seller is cleared and the share price re-rates, then it will be 100-150% on top of 4-5p.

Fox-Davies target of 13p v a 2p share price is just bonkers.

[chrisis33] 07/2/2012 13:05

Quite - patience play here IMO. Targeting at least a return to the 4p placing price. Last director buy - 3p. Current price, 2p- even given the decent flow of contract news.

[christianf12] 07/2/2012 13:02

Indeed chris. Don't understand sellers here at this valuation but if they are desperate then that is that. The company seems to me to have turned a corner and is doing what it should be doing. More contract news can only add to the good news that has been coming out of RSI in the past few months.

[chrisis33] 07/2/2012 12:53

The seller only has so many to sell, and have probably been at it for some months.
I've got a large holding in STY, where UBS announced they were down to 3% the other day. Volume since has been better than normal, and I think they're nearly out now by my calculations. I'm hoping we see a similar upward trajectory here soon.

More contract news might do the trick :)

All the best here.

[christianf12] 07/2/2012 12:49

Chris, not a clue. I am a little frustrated as I want to buy some more but I don't want to just yet until I know the extent of the overhang.

Can't be that many as only 158m shares in issue altogether. I have a feeling that when they are cleared we could see a substantial rise ala DCD style. They had a seller for weeks taking it down to 1p a couple of weeks ago, now 4p.

I can see 4-5p on the seller clearing and stock becoming tight again.

[christianf12] 07/2/2012 10:40

Nice buy there.