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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rockwood Strategic Plc | LSE:RKW | London | Ordinary Share | GB00BRRD5L66 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 250.00 | 65,231 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 246.00 | 254.00 | 250.00 | 250.00 | 250.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investors, Nec | 3.83M | 2.9M | 0.0753 | 33.20 | 96.07M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:50:08 | O | 20,512 | 246.26 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/3/2025 | 14:23 | UK RNS | Rockwood Strategic PLC Net Asset Value(s) |
| 17/3/2025 | 07:00 | UK RNS | Rockwood Strategic PLC Issue of Equity and TVR |
| 12/3/2025 | 07:00 | UK RNS | Rockwood Strategic PLC Issue of Equity and TVR |
| 10/3/2025 | 15:06 | UK RNS | Rockwood Strategic PLC Net Asset Value(s) |
| 03/3/2025 | 16:10 | UK RNS | Rockwood Strategic PLC Net Asset Value(s) |
| 24/2/2025 | 15:51 | UK RNS | Rockwood Strategic PLC Net Asset Value(s) |
| 24/2/2025 | 07:00 | UK RNS | Rockwood Strategic PLC Issue of Equity and TVR |
| 19/2/2025 | 07:00 | UK RNS | Rockwood Strategic PLC Issue of Equity and TVR |
| 17/2/2025 | 16:37 | UK RNS | Rockwood Strategic PLC Net Asset Value(s) |
| 10/2/2025 | 14:49 | UK RNS | Rockwood Strategic PLC Net Asset Value(s) |
Rockwood Strategic (RKW) Share Charts1 Year Rockwood Strategic Chart |
|
1 Month Rockwood Strategic Chart |
Intraday Rockwood Strategic Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/3/2025 | 20:29 | Christopher Mills piling in ?? | 82 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:58:08 | 246.26 | 20,512 | 50,512.85 | O |
| 15:50:09 | 246.45 | 3,785 | 9,328.13 | O |
| 15:14:25 | 246.30 | 1,849 | 4,554.09 | O |
| 14:27:57 | 251.55 | 7,790 | 19,595.75 | O |
| 14:24:54 | 251.68 | 789 | 1,985.76 | O |
| Top Posts |
|---|
Posted at 17/3/2025 08:20 by Rockwood Strategic Daily Update Rockwood Strategic Plc is listed in the Investors, Nec sector of the London Stock Exchange with ticker RKW. The last closing price for Rockwood Strategic was 250p.Rockwood Strategic currently has 38,427,663 shares in issue. The market capitalisation of Rockwood Strategic is £96,069,158. Rockwood Strategic has a price to earnings ratio (PE ratio) of 33.20. This morning RKW shares opened at 250p |
Posted at 12/3/2025 17:31 by swiss paul can someone put a share price graph in the header please, as this share seems to be going nowhere |
Posted at 31/1/2025 10:22 by makinbuks They are selling more shares, so yes the denominator in the NAV calc is higher but so are the assets and thereby the numerator. If you manage to sell the shares at a premium to the pre issue NAV it increases NAV per share.NAV per share is only diluted if you "issue" shares at a discount to NAV or indeed issue them in lieu of pay. If you look at all the RNS's issued daily at 7am you will see a great many investment trusts and indeed other companies buying back shares. For an investment trust this is an admission of failure as they are trying to narrow a discount. The discount is caused by lack of faith in the manager to grow NAV. In the case of RKW we have the opposite. Belief in the manager is great, therefore the demand for shares exceeds supply (liquidity). That creates a premium which the manager taps into by selling more shares and investing the proceeds in his portfolio |
Posted at 31/1/2025 09:44 by eigthwonder Dilution of NAV per share |
Posted at 30/1/2025 19:38 by swiss paul AM a bit confused and admit its easily done. You say there is no dilution but issuing more shares surely dilutes your holding, even if the share price rises - is this not the case? |
Posted at 24/1/2025 10:22 by affemoose There is clearly faith in this companies management and strategy as there are buyers for those extra shares and RKW is still trading at a premium to NAV. A refreshing change in todays times.I personally approve taking Market Cap over £100m - it gives Stavely the firepower and cash to take positions but also make a bigger impact where he focusses. We need depth in positions to effect change, breadth of positions to allow de-risking. As long as RKW doesnt stretch itself too thin and lose that focus on its individual investments, which it is clearly mitigating by capping at £250m under management, I think it is a positive. Intrigued to see where the next investments will be! |
Posted at 17/1/2025 16:25 by swiss paul So quite a bit of dilution expected. But I don't understand if the discount is only 2.5%? Or am I not reading it correctly?The Company announces that it will later today publish a Circular, including a notice convening a General Meeting of the Company's Shareholders, in order to seek Shareholder authority to: (i) allot up to 6,438,978 Ordinary Shares (the "General Allotment Authority"); and (ii) disapply pre-emption rights in respect of the Ordinary Shares to be issued pursuant to the General Allotment Authority (together, the "Proposals"). On 31 July 2024 the Company published a Prospectus to provide the Company the capacity to issue up to 12,877,954 Ordinary Shares representing 40 per cent. of the Company's issued share capital at the latest practicable date prior to the Prospectus' publication. At the Company's Annual General Meeting held on 31 July 2024, Shareholders provided the Company with the authority 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 of Annual General Meeting) on a non-pre-emptive basis. The General Meeting is therefore being convened to seek Shareholder approval to issue and allot up to a further 6,438,978 Ordinary Shares on a non-pre-emptive basis. The Circular will provide Shareholders with information about the background to and the reasons for the Proposals, to explain why the Board considers the Proposals to be in the best interests of the Company and its Shareholders as a whole, and why the Board unanimously recommends that Shareholders vote in favour of the Resolutions to be proposed at the General Meeting. The Company's Ordinary Shares have generally traded at a premium to the Company's NAV for an extended period of time, with an average premium of 2.7 per cent. in the 12-month period prior to 31 December 2024. The Board believes that the premium rating of the Ordinary Shares has been driven primarily by the Company's strong performance with NAV total return over the 12-month, 36-month and 48-month period prior to 31 December 2024 of 25.7 per cent., 57.7 per cent., and 102.4 per cent. respectively. This performance has led to a strong level of interest in the Company's Ordinary Shares and as such an active share issuance programme with the Company issuing 8,686,573 Ordinary Shares in the 12-months prior to 31 December 2024 raising approximately £19.7 million for the Company. A copy of the Circular will shortly be available on the Company's website at www.rockwoodstrategi Notice of General Meeting A Notice of the General Meeting to be held at the offices of Harwood Capital LLP, 6 Stratton Street, Mayfair, London, W1J 8LD at 12.00 p.m. on 3 February 2025 is set out at Part 3 of the Circular. Expected Timetable of Events Date of the Circular 17 January 2025 Latest time and date for receipt of proxy votes 12.00 p.m. on 30 January 2025 General Meeting 12.00 p.m. on 3 February 2025 Results of General Meeting announced by 4 February 2025 |
Posted at 15/1/2025 12:43 by eigthwonder er Mr Roper was commenting on the current NAV trajectory based on the current FTC share price and I was pointing out the current negative roundabout of FCH to that swing of FTC. The historic gain in FCH has been very beneficial but it is nothing more than history |
Posted at 15/1/2025 12:24 by makinbuks FCH was 40p last January and 120p this. RKW has been a beneficiary of that |
Posted at 13/1/2025 08:18 by mr roper FTC flying...think RKW have 10% of it |
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. |
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