Rbg Share Discussion Threads

[sphere25] 12/1/2021 13:18

Don't want to be a spoil sport but Premier Miton have had a recent habit of being spoil sports by selling down in a substantial way with LIT, KMK and TLY being some examples.

They clearly have a sizable position in RBGP which is naturally taking a while to clear. The volumes here in recent weeks would have ordinarily been more than enough to shift the price substantially higher.

On the flip side, we have seen numerous examples recently where a seller in size has provided opportunity too by taking the price down to anomalous levels. The offer needs to be dragged to a level (50p here?) where it can find a floor and entice enough buyers in size to clear out as many as Premier Miton (assuming they are the main drag, which does appear to be the case) to then allow the re-rate.

These illiquid shares are a nightmare to sell at times so trying to sell millions is never going to be easy and clearly they're using the bullish market (and what appears to be a value price) to fill the substantial sell order.

Often the prices just fart about near the lows with some big chunks exchanging causing little pops at times without fully clearing the sellers, but the volume can be monstrous when fully cleared. That's when the sustained move often happens.

Clearly we can never know how many they want to sell but forming a view here based on some of their recent activity and the price action.

No position yet. Price still trending down and not forming a bottom so just watching.

All imo
DYOR

[its the oxman] 11/1/2021 10:54

And hoping MITON aren't intent on selling out completely.

[its the oxman] 11/1/2021 10:50

Not sure what's going on in the background here. Still think this looks massively oversold, small position thankfully but holding on for next newsflow and hopefully a dividend.

[scubadiverr] 08/1/2021 21:01

Last trading update:https://m.youtube.com/watch?v=XewqX6hvPws

[quepassa] 08/1/2021 20:17

ramp ramp ramp

[scubadiverr] 08/1/2021 17:49

I'm sure most will see on inspection but buys are going through as sells. I know for certain as bought again at below the mid price (56.5p). My guess is there's still a big seller, I'm guessing Miton, not our friend "Bob". The good news, other than there currently being cheaper than you'd expect shares available, is that last year's trading update was on the 24th Jan, so not all that far away. I gave in to temptation today after watching the latest webinar once more. I link below for convenience incase anyone hasn't already seen it:https://m.youtube.com/watch?v=XewqX6hvPws

[scubadiverr] 08/1/2021 00:34

If you what you say is true I am truly sorry for you. If your not telling the truth, that is truly shameful. Telling others that you expect their investment to fall by 50% and not sell your holding, and then the price falls, that's a schoolboy error.

[scubadiverr] 08/1/2021 00:19

Nor do we know who you are or your motivations. This is Advfn and everyone has an agenda, even if only in the subconscious and not everyone is honest. In such a setting it is paramount that everyone do their own research before making investments, take each post with a pinch of salt, question the validity of other's statements and check poster's history.

[scubadiverr] 06/1/2021 21:12

Well done Bob! Thanks for reporting back. Maybe don't tell your mum that you posted on a message board that yours and others investments were to fall by 50% and then failed to actually sell your own for a number of weeks - she might think your a little silly.

[bob evans1] 06/1/2021 19:08

Sold another lot of shares today at an average of 57.75, still some way to go.

[quepassa] 06/1/2021 06:51

I know your only intention is to ramp.

and you don't like to talk about hard facts and figures. Such as Miton selling and the full rounded details of company performance figures.

my recommendation to you is that you filter me.

all imo. dyor.
qp

[scubadiverr] 05/1/2021 23:51

If I believed you were genuinely interested and we could have a balanced discussion that we could all gain from I would assist. However, I know your only intention is troll, albeit politely, as you have for the past few years and I'm not going to waste my time.

[quepassa] 05/1/2021 22:30

just wanted to see if elsa would kindly post the figures to give the full rounded picture which is, after all, what we have been discussing.

i am however quite certain everyone knows where to get them.

Thank you kindly for echoing my frequent advice to DO YOUR OWN RESEARCH as this is very important in my view rather than relying on various bulletin board tittle-tattle which is mostly biased.

all imo.
DYOR
qp

[scubadiverr] 05/1/2021 21:47

I'm sure if you do your research like you advise others to you'll find that info in no time

[quepassa] 05/1/2021 19:53

Yes that may have been Convex.We are however talking about the Group not just one part of it.

Would you care also to mention the Group Ebitda figures and Group PBT and Group EPS all versus prior same accounting period and Group cash and dividend?

Thank you.

ALL IMO. DYOR.
QP

[elsa7878] 05/1/2021 19:12

For the financial year ended June 2019, Convex generated a profit before tax of GBP4.3 million.

Friends in M&A are busier now than pre-covid.

Assuming there is some read across Convex will provide the cashflow to invest in litigation sales. They don't need the really large cases, there's plenty of small stuff to gorge on.

Last 6 months Editda was £2.6 m or £2.4 m after interest despite increased personnel costs (Convex etc) and only 300k of M&A income versus £4 million plus normally (2019 - full year £8.7 million). Plus 0 litigation income.

Assuming Convex gets back to £4 million plus (in a year or 2) and they have the core business and some litigation proceeds then the market cap here will look very cheap.

[quepassa] 05/1/2021 18:45

beg to differ...

in my view the market has turned towards specialisation and specialist boutiques nowadays rather than diversified, conglomerate-style outfits reminiscent of the 80's.

i think diversification is a backwards-looking business model where synergies are generally over-hyped.

today's business model is one of laser-like focus and specialisation.


all imo. dyor.
qp

[yellowdog] 05/1/2021 18:05

Quite right Scuba - that's the attraction.

[riverman77] 05/1/2021 17:56

Miton also seeing outflows on their UK funds so could be driven by that.

[scubadiverr] 05/1/2021 17:46

Who knows what the thought processes are of these funds, could be that they need greater diversification and have been lax in their diligence with it being someone else's money. Thankfully RBGP are far more diversified than a pure litigation funder like Manolete for example. Having the law firm at its core, then augmented by Convex the M&A specialist and Lionfish the funder. All high margin stuff and highly synergistic.

[quepassa] 05/1/2021 17:27

no, no, not aware of that.....

are you saying/suggesting that Premier Miton have a downer and disenchantment with the whole sector?

if so, why?

ALL IMO. DYOR.
QP

[scubadiverr] 05/1/2021 17:12

As you no doubt already know, they are also in the process of selling MANO and LIT

[bob evans1] 05/1/2021 17:07

That is exactly what I am doing.

[bob evans1] 05/1/2021 17:07

That is exactly what I am doing.