Rock Solid Share Discussion Threads

[gwr7] 08/12/2011 11:31

Wouldn't get carried away following moneybags Landon T. Clay (out of East Hill) into the company. In a clown-like transaction he let former CEO Pratt and current ??? MacGregor offload 1.4 million shares to him, £2.40 each mind you, just before they tanked. With a little more patience he could have got them for tuppence. Perhaps the name change from OHM to RSI was to hide the embarrassment of the armchair mathematician. Armchair sucker I would suggest.

[kinghorm23] 08/12/2011 08:15

Hey i've just added this to plus Rsi.GB and it shows as Ohm.

I remember this stock, used to trade it years ago, a penny, i remember
when it was 40p+ lol

[double6] 07/12/2011 16:05

zzzzz.

As constructive as ever.

[kinghorm23] 07/12/2011 16:03

Ah yeah i forgot to add comedy to the list :-))

lol

You will never see a better list of long term investors in any
penny stock :))

[comedy] 07/12/2011 15:58

oh dear the funeral director has arrived...he always likes to bury "life" patients

[jermaine77] 07/12/2011 15:43

not so rock solid

has that pun been done before?

[christianf12] 07/12/2011 12:39

lol

see you graco5, oh sorry that's next week.

Excuse me whilst I inform advfn.

conman.

[christianf12] 07/12/2011 12:37

GRACO4, I thought you were posting as graco3 last week lol

I better tell advfn.

[christianf12] 07/12/2011 12:10

bye bye seller!

[christianf12] 07/12/2011 12:01

2.3m buys, 225k sells.

They will have to raise the bid on a couple more buys to cover the 1.5p buys at least.

The market makers are at the minute sat at 1.25p bid hoping some sell to cover their 1.2-1.25p sells.

If the buying continues then you can wave bye to 2p and hello to 3p : )

[topinfo] 07/12/2011 11:49

Yep it does look amazingly cheap mate. No reason for fall. Sale of company must be worth a hell of alot more than current share price Looking at website they have a big mkt covered in all areas. You have a multi millionaire buyer of the stock, cash in bank more than mkt cap. Placing at 4p in July and Director buys at 3p. You have tgt price of 13p so one would have thought business would not be sold for less than say 10p on the cheap. Or they may just sell of part of it and be even cash richer to expand other areas.

[topinfo] 07/12/2011 11:37

Placing was at 4p as well mate.

$3.1 Million Fund Raising and Capital Reduction
Print
Alert

TIDMRSI

RNS Number : 1834I

Rock Solid Images plc

09 June 2011

Rock Solid Images plc

("Rock Solid Images" "RSI" or "the Company")

PLACING OF NEW ORDINARY SHARES TO RAISE $3.1 MILLION, CAPITAL REDUCTION AND NOTICE OF GENERAL MEETING

Rock Solid Images plc (AIM:RSI) is pleased to announce the placing of 47,342,700 new Ordinary Shares ("Placing Shares") at 4p each ("Placing Price) to raise $3.1 million ("Placing") and intends to make an application to the Court to approve the cancellation of its share premium account ("Capital Reduction").

Background to and reasons for the Placing

Over the past seven months, Rock Solid Images has made great progress in re-engineering the business into a geophysical consultancy that provides clients with significant added value from seismic, well log and electromagnetic data. The added value comes through the Group's leadership in data processing and interpretation techniques together with the development of a very strong data integration platform. The Directors believe that in order to continue the pace of progress in highly focused software development and workflows ahead of an anticipated increase in sales, the Group requires additional working capital and investment funds over the next 12 months of approximately $2.9 million. This would be provided through the proceeds of the Placing.

The sales pipeline has increased markedly, following the recent increase in the Company's salesforce. Accordingly the Directors anticipate that the Company will become net cash positive from its trading activities in the second quarter of 2012. New funds are therefore required to take the Company through this period and avoid any interruption to this revenue growth and investment flow.

[topinfo] 07/12/2011 11:36

Next offer at 2.25p with WINS who has set his price at 1129 hours. This is what TW was on about when MMs are stuffed as have no stock and prices rise rapidly!

[kennyruss] 07/12/2011 11:35

had a few RSI...

[christianf12] 07/12/2011 11:26

Directors paying 3p in September, double what we can buy for now.

[topinfo] 07/12/2011 11:26

September 06, 2011 - Rock Solid Images Fox-Davies Capital


Rock Solid Images BUY
(RSI LN)
Flash Note Price target: £0.13 0.13
Oilfield Services 6 September 2011
Trading update and results indication as
expected
RSI has a transformed outlook as a high end geophysical consultancy with a
leadership position in the integration of data types. With the resolution of the
strategic uncertainties, RSI remains poised to benefit from its stronger financial
position and the opportunities to it in the de-risking of hydrocarbon exploration
activity.
The year-end (Aug FY) trading statement revealed indications for results much in
line with our expectations. The Group's revenues are expected to be
approximately £4.0M although the mix between WISE (Well-driven Integration of
Seismic and Electromagnetics) and WSS (Well and Surface Seismic) favoured WSS.
The pre-tax loss for FY11 will be in the £2.8 to £3.0M range compared with our
expectations of a £2.7M loss. The end of year cash-balance of £1.7M is better than
we had expected. We are retaining our forecasts for the time being.
The strong results from the WSS product group were pleasing. The lack of
performance from the CSEM driven WISE business line was slightly disappointing
but we note that the CSEM market remains immature and revenues generated
through the Service Agreement with the divested operation (OHM) did not
transpire as anticipated at the time of the divestment. However, the recently
announced sale of OHM Ltd to emgs, the industry's largest marine EM data
acquirer and the resulting transfer of RSI's Services Agreement from OHM to
emgs should result in an increase in its WISE project backlog. The group has also
been in discussions with large oil and gas companies and National Oil Companies
about re-processing CSEM data already acquired on their behalf, and it is
anticipated that these discussions will translate into important business in the near
future.
The group's outlook statement remains positive with management stating that
'We remain focused on restoring the Group to profitability as soon as possible via
continued revenue growth and careful control of costs... 'The timing of increased
sales is difficult to predict, however the Board is confident that RSI is now in a
position to generate sales growth and handle the increased workload that growth
will bring.'
Stock Data
52 - wk Range: £0.03-0.10
Current Price: £0.035
Market Cap (M): £5.5
EV (M): £3.8
52 Week range
2.75 3.5 9.5
Price Chart
Investment Issues
RSI has strong brand recognition.
Dominant position in niche market.
De-risks hydrocarbon exploration and
exploitation activity
Organic and acquisition growth potential
High class technical expertise.
Financial position on a strong improving
trend.
Analysts
Paul Singer
Tel: [phone]
Email: [e-mail]
Ian Lucas
Tel: [phone]
Email: [e-mail]
This is a marketing communication. It has not been prepared in accordance with legal requirements designed to promote
the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of
investment research. Non-US research analysts who have prepared this report are not registered/qualified as research
analysts with FINRA, may not be associated persons of the member organisation and may not be subject to NASD/NYSE
restrictions on communications with a subject company, public appearances and trading securities held by a research
analyst account. Disclosures can be found at the end of the report.
Valuation Table
$M 2008 2009E 2010E 2011E 2012E
Revenues 9,227 3,633 4,058 8,162 11,630
EBITDA -6,489 -1,706 -1,954 1,332 2,832
EPS -20.41 -6.02 -2.50 0.26 1.42
DPS 0.00 0.00 0.00 0.00 0.00

[topinfo] 07/12/2011 11:26

That was the initial coverage by Fox on RSI who now have upped their tgt to 13p on their latest one from this 12.5p.

[topinfo] 07/12/2011 11:22

Very informative website RSI, gives loads of great info. Some companies websites are so out of date and tell you absolutely nothing. This one at RSI is fantastic.