Rome Resources Share Discussion Threads

[encarter] 03/11/2005 18:11

Yes i bought a few a while back. They have to make an investment within the next 4 months or hand the cash to shareholders, so i think they'll do it. Cash burn is low and with such a thin market they'll rise sharply on good news imho.
Also some interesting stake building over the last few months.

[currypasty] 03/11/2005 15:41

looking cheap... sat at about cash level

[the big fella] 17/10/2005 15:42

I got out of these at a decent profit on the spike up to 3p. Also did the same with Petsome - from the same stable. No doubt they will do a deal but just had to trim down the number of shells I was invested in!!!

[encarter] 16/10/2005 09:46

LOL! dell314, i would hardly call mentioning RMR once on one other bb ramping.

[dell314] 14/10/2005 08:05

encarter - why are you ramping this?

Cash appears to be circa 1.7p per share and there is no mention in the very recent interims of anything about to happen soon.
The interims merely state that they are considering opportunities.
As they are unlikely to claim that they are sitting on their butts, drawing a salary and doing nothing, this is what I'd expect to read in the statements of any cash shell.
Do you have any credible news to add?

Rgds
dell

ALL imho, dyor ETC.

[mar del plata] 07/6/2005 17:22

I've heard that theis is looking to reverse a chinese internet based gambling company into ricmore

This could be interesting and possibly why skandia appear to be building up a stake in the company?

[currypasty] 30/3/2005 11:33

thats what i meant, founders 1p

[the big fella] 30/3/2005 11:31

Not true. There was a founders placing at 1p. IPO placing was 4p. If you did both you ave is 2p.

[currypasty] 30/3/2005 11:28

dont forget placing price was 1p !!!

[andy] 30/3/2005 11:25

scp,

probably!

I see City Equities have had ADVFN pull a thread that crtiticised them!

[the big fella] 30/3/2005 11:23

That opening price didn't last long!

[shirishg] 30/3/2005 08:23

Post removed by ADVFN

[currypasty] 30/3/2005 08:20

Listed 30/3/05 opening price 3.25 / 3.75

[nils214] 23/12/2002 09:01

yes it is, and I watched Daniels for over a year and nothing, missed the 112% rise!! B%%%%%d!!

[m.t.glass] 03/12/2002 15:39

Lots happening now. Reverse takeover.. namechange.. new direction.

Is chairman M.J.Mills the same M.J.Mills director at S.Daniels (DAN) whose shares jumped 112% last month on the prospective sale of that company to a Singapore bidder?

[m.t.glass] 02/12/2002 16:51

Whoever bought in the final hour on Friday at 1.375p is 45% in profit.. albeit on a small holding.
(Edit: Oh look, it was the chairman, in a week when there were no other trades. What lucky timing eh)

[yump] 04/1/2001 11:14

Looks like someone knew about the news, judging by the share price drop in the recent past. These are a small investment in my pension fund, which is 50% invested in new idea type companies (not all dotcoms). Hopefully by the time I need it, UK PLC will have been partially taken over by some of the younger generation !

Perhaps RMR need to follow the example of Just2clicks and be a bit more rigourous about proving the bottom line benefits to customers. JTK are actually saving money for their auction participants, which of course the accountants like. Save the buzz words and pretend to be old economy for a while !

[clocktower] 04/1/2001 10:57

I can endorse the point you are making Yump about the people and lack of imagination or support for new methods.

Same problem in lots of industrial sectors, they just seem to want to go on doing things the same old way and many end up like our motor trade and textile industry....Almost gone.

[yump] 04/1/2001 10:50

The statement misses one unfortunate point, which is probably the main reason for lack of sales. The same reason its so difficult to get any sort of businesses with imagination off the ground in the UK:

The people buying the products are a pretty dismal and conservative bunch.

I've come across this time and again. For instance, still takes engineers about 10 years to adopt even minor new ideas. Old economy 'can't teach an old dog new tricks' etc.

Shame for Tony Blair's vision of a UK at the forefront of technology, when a lot of new ideas struggle at birth, because you're trying to sell into a nation of conservatives.

Have the US twigged yet that they can come over here and get our ideas cheap ?

[potshot] 04/1/2001 08:27

Poor sales statement released today, its not looking good down 2.5p, I would say its gonna take a lot longer than 15 months for them to break even. Good luck to the holders of this one.

[clocktower] 04/1/2001 08:21

With todays news this looks like another good idea slipping by the wayside as they now seem to want to revert in part to an old fashioned sales team.
Does not look good for holders of this stock.

[vickenk] 02/1/2001 13:40

Breakeven estimated in about 15 months.
The reason I don't classify it as a dotcom is because this is usually associated with B2C businesses and this company is a conference operator generating its revenues from sponsorship and Exhibitors. NOt your average qxl, amazon, shopsmart.
It works on a software basis and is capable of developing an ASP model and therefore operating on a fee and royalty/maintenance basis. ie, margins of 80%+ instead of current 25-30%.

[vickenk] 30/12/2000 00:45

No need to forget its a dotcom because it isn't a dotcom. Currently valued at below net assets/ cash reason I'm not aware of I believe they've fallen out with their brokers and are about to appoint a new one.

[yump] 29/12/2000 15:19

How would you classify it ?

Working backwards from potential profits in the future is quite interesting:
£250,000 of pre-tax would give 0.5p of eps and a p/e of 30. Academic at the moment, but if t/o keeps increasing at the current rate and they don't expand overheads much more, it shouldn't be too long before breakeven and then some profitability.

[yump] 29/12/2000 10:33

Online conferences.

50mln shares in issue. Current price 16p. Net assets about £10mln, cash about £9.5mln.
Reported interims 10/10/2000. t/o up 263% at £1.11mln. Loss of £2.28mln.

Sound business model imo. Worth researching if you can forget its a dotcom (removing any sentiment positive or negative) and just look at the plans and the implementation. Not easy to duplicate or compete with, once they have organised a conference.

Haven't found any serious competition yet.