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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rockwood Strategic Plc | RKW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.50 | -0.59% | 253.50 | 08:40:02 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 254.00 | 253.50 | 254.00 | 253.50 | 255.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
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Posted at 03/10/2024 19:14 by mello2024 Just to let shareholders and prospective investors know that RKW will be presenting at Mello's 10 year anniversary show on Tuesday 19th November 2024 9am - 7pm. We have created a two day investor conference that will include 12 top quality keynote speakers, 8 educational workshops and panel sessions, 40 exhibiting companies plus over 60 company presentations for investors to evaluate and understand their current or future investments. Tickets are still available: |
Posted at 30/9/2024 16:20 by davidosh Rockwood are at the Mello conference in Derby and will be presenting twice on the first day (19th) Richard always chats to investors for hours in between presentations |
Posted at 31/7/2024 19:06 by swiss paul Any comment?Trading Update Publication of Prospectus Trading Update The Company is the No 1. performing fund over 1, 3 and 5 years across all UK Investment Company sectors, whether large, income, mid or small, as per The Association of Investment Companies. Cash has been fully deployed, including into the recent new investments Capita Plc and National World Plc. Excellent business updates have been issued by Filtronic Plc and Galliford Try Plc, whilst important business disposals have been completed at both Funding Circle Plc and James Fisher & Sons Plc. Noel Lamb, Chairman, commented: "In the last two years Rockwood's NAV has more than doubled and performance has been best in class. Investor demand for this differentiated strategy continues and thus we hope to continue to scale, aided by this Prospectus and deliver for our shareholders. The manager clearly sees lots of opportunity to meet our target returns and has an exciting pipeline of potential investments." Publication of Prospectus In accordance with the requirements of the Prospectus Regulation, the Company is prohibited from issuing more than 20 per cent. of its issued share capital during any preceding twelve-month period without the publication of a prospectus. The Company has reached this limit through its most recent tap issuance and is therefore today publishing a prospectus (the "Prospectus") in order to provide the Company the capacity to continue issuing Ordinary Shares under the Prospectus Regulation. The maximum number of Ordinary Shares that may be issued under the Prospectus is 12,877,954 Ordinary Shares, representing 40 per cent. of the Company's issued share capital at the latest practicable date prior to its publication. The Directors are also seeking authority, at the Annual General Meeting held today, to issue up to 6,438,976 Ordinary Shares (being an amount equal to 20 per cent. of the total issued share capital of the Company as at the date of the notice) on a non-pre-emptive basis. The Prospectus will therefore also allow the Company to issue a further 20 per cent. of its current issued share capital (for up to a further 6,438,978 Ordinary Shares) via tap issuances subject to the Company receiving the authority to do so during the life of the Prospectus from its shareholders at a subsequent general meeting. A copy of the Prospectus will shortly be available on the Company's website at www.rockwoodstrategi Block Listing Application Update Further to the announcement on 30 July 2024 stating that the Company had made an application to the Financial Conduct Authority and London Stock Exchange for the block listing of 5,614,210 million Ordinary Shares, the Company confirms that it now expects the block listing will become effective at 8.00 a.m. on 5 August 2024 at which point the Company will have capacity to issue a total of 6,438,976 Ordinary Shares under its block listing facility. Amendment to Investment Management Agreement The Company also announces that the Board has agreed to a minor amendment to the Investment Management Agreement between the Company and its Investment Manager, Harwood Capital LLP, (the "Agreement"), to clarify the intention regarding the calculation of the cap on the performance fee payable to the Investment Manager as the fund grows in size. The amendment is effective from today. The Agreement currently states that if at the end of the financial period for which the Company prepares accounts the Company's net asset value ("NAV") exceeds £100 million, the performance fee, when aggregated with the annual investment management fee paid during the period to which the performance fee relates, will not exceed 3.0 per cent. of the Company's NAV. The Agreement has now been corrected to state that the £100 million NAV threshold be calculated by reference to the average NAV over the performance fee period (calculated as the average of each month end NAV) as was stated in the 2022 Prospectus, and Annual Reports for the financial years ended 2023 & 2024. A full summary of the Agreement, as amended, is included in the Prospectus. The Investment Manager is defined as a related party of the Company under the UK Listing Rules (UKLRs). The amendment to the Agreement constitutes a 'relevant related party transaction' (as defined in the UKLRs) to which the requirements of UKLR 11.5.4 apply. Under UKLR 11.5.4, there is no requirement for shareholders to vote on the amendment to the Agreement. The Board, having been so advised by Singer Capital Markets Advisory LLP (acting in its capacity as the Company's sponsor), considers the amendment to the Agreement to be fair and reasonable as far as the Company's shareholders are concerned. In providing advice to the Directors, Singer Capital Markets Advisory LLP has taken into account the Directors' commercial assessments. |
Posted at 28/6/2024 08:06 by spangle93 Investor Meet presentation of results, from Wednesday |
Posted at 20/6/2024 11:40 by makinbuks Richard Stavely presents yesterdays results in this Kepler video, well worth a watchhxxps://www.trustint In some ways the best bits are the questions at the end. Particularly the comments on share issuance and the cap on the size of the fund at £250m |
Posted at 10/5/2023 17:00 by davidosh Rockwood are doing a presentation on the second day of Mello2023 which is Wednesday the 24th May in Chiswick so do come along and join hundreds of investors if you are interested in hearing about their strategy...Mello2023 - have you got your ticket yet? There will be so much to enjoy by attending in person and meeting, not just hundreds of fellow likeminded investors that you engage with on Advfn daily, but also watching excellent presentations and panel sessions created to help us all understand what is happening in the world of investing. We will have a live BASH panel session on the Tuesday evening and a lot of educational sessions during the day including a close look at AI and ChatGPT Not to be missed will be the lunchtime session on day two when Leon Boros and I will be interviewing the amazing CEOs who have delivered multibagging returns for their shareholders and establishing what key traits and skills investors should be looking for in their search for great management...always essential in smaller companies. Two of these CEO's have delivered 100 (one hundred) times the original investment. Do not miss our keynote speakers including the ever popular Lord Lee and Gervais Williams plus a couple of new stars of the investment world. Mello is a huge community and forty other companies will be there too... Come and join us.... Apply code TwitMM50 for 50% off tickets David |
Posted at 04/12/2022 21:18 by smithie6 the fund manager extracts far too much imo whenever a performance reward is due£2.8 million in the yr to March '22. which imo makes it a barge pole job for investors due to the loss of NAV from this extraction of cash to the fund mngr ...works as an investment only for the fund mngr imo, not for shareholders. ------ NAV has fallen in H1 & the accounts show that they don't give back any of the past perf. payment !! quite a nice deal to be on, that you just take money out & never have to put it back ! |
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