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RBGP Rbg Holdings Plc

10.00
1.35 (15.61%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rbg Holdings Plc LSE:RBGP London Ordinary Share GB00BFM6WL52 ORD GBP0.002
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.35 15.61% 10.00 9.50 10.50 10.25 8.65 8.65 2,508,715 16:11:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 54.13M 4.2M 0.0441 2.27 9.53M
Rbg Holdings Plc is listed in the Business Services sector of the London Stock Exchange with ticker RBGP. The last closing price for Rbg was 8.65p. Over the last year, Rbg shares have traded in a share price range of 8.65p to 55.00p.

Rbg currently has 95,331,236 shares in issue. The market capitalisation of Rbg is £9.53 million. Rbg has a price to earnings ratio (PE ratio) of 2.27.

Rbg Share Discussion Threads

Showing 26 to 49 of 1550 messages
Chat Pages: Latest  2  1
DateSubjectAuthorDiscuss
04/6/2018
08:56
He seemingly just plucks targets out of thin air!
pireric
04/6/2018
07:49
So, from his blog/website the Naked Trader bought 5000 shares at a price of 115.90 on 18/05/2018

Target 170
Stop 96

martywidget
31/5/2018
12:54
Just bought in - some heavy buying coming in by pi's
Fingers crossed that this will be as profitable as my BUR shares!

gswredland
26/5/2018
21:50
The naked trader = Robbie burns Google it
rolo7
26/5/2018
20:40
Kevph - who is Robbie Burns - is his comment online somewhere?? Thank you
njl53
25/5/2018
13:27
Stonking :)
5chipper
24/5/2018
15:34
Tipped by Robbie Burns this afternoon. Has nudged it up nicely.
kevph
23/5/2018
08:23
In case no one saw this the other week [Nicola Foulston] on Sky:

Published on 8 May 2018
The Chief Executive of law firm Rosenblatt speaks to Sky’s Ian King as the company’s shares traded on the Alternative Investment Market on Tuesday.

It’s become the fourth law firm to float on the London Stock Exchange, and Nicola Foulston wants to take advantage of the “fragmented market.”

martywidget
21/5/2018
08:57
Perhaps it's the growth potential in litigation funding - plus they have raised an extra £10m in IPO & on the acquisition trail
euclid5
20/5/2018
13:55
Doesn't seem massively cheap. What's normalised EBITDA here, £3.5m to be generous? Net off zero interest, and tax at 20% = £2.8m post tax profit, so on this market cap, around 34x profit?

Am I missing something? Even if £5.5m is normalised forward EBITDA, that's PTP of £4.4m. 21.5x profit

pireric
18/5/2018
15:16
swiped from the Burford capital board:

Private equity and hedge funds have found a new way to get richer: Financing lawsuits in exchange for a cut of the winnings.

The investment funds, which have raised billions of dollars to funnel into promising cases, have become a rich source of cash for lawyers to acquire cases, buy advertising, recruit clients and underwrite litigation expenses. If the lawyers win, private equity backers can pocket up to six times their initial investments, amounting to as much as 50 percent of a settlement or trial verdict.

hxxps://www.houstonchronicle.com/business/article/Private-equity-s-latest-investment-Lawsuits-12924091.php

euclid5
15/5/2018
10:42
Good interview about CEO

Rosenblatt’s pioneering chief executive used to own Brands Hatch. She talks to Jonathan Rayner about doing law in a different way.

euclid5
14/5/2018
12:17
Insolvency specialist latest litigation funder to weigh up London float


Moulton-backed litigation funder Manolete Partners lines up £100m London listing


Legal firm Manolete Partners in £100m listing

martywidget
11/5/2018
13:36
27% free float or 21.6m shares only

So far as the Company is aware, apart from directors, the following persons are interested in 3% or more of the Company’s issued share capital.


Name No. of Ordinary Shares held Percentage of issued share capital

Ian Rosenblatt 16,911,214 21.1%
Miton Asset Management Ltd 12,630,000 15.8%
Fidelity Investments Inc. 5,260,000 6.6%
Blackrock Inc. 4,800,000 6.0%
Schroders plc 4,210,000 5.3%
Canaccord Genuity Group Inc. 2,900,000 3.6%

euclid5
10/5/2018
21:06
Admssion Doc
euclid5
10/5/2018
14:38
Great post. Thanks again.

Likewise must assimilate full prospectus.

Good heads-up on Vannin which is very interesting too. Great website. Grown rapidly



Good luck.

ALL IMO. DYOR.
QP

quepassa
10/5/2018
13:26
@ QueP - Burford won't touch a stand-alone case below about £50m value, so there's lots of pickings below that sum. Another funder is coming to market soon: Vannin Capital around £500m MCap.

PLC law firms can effectively become litigation funders by deferring fees. Gateley [GTLY] for example has a large receivables balance. They wouldn't reveal any more details when I asked at last year's AGM.

As for lock-ins and overhangs - whilst they can be a bit of a nuisance (you know Watkin Jones, of course) a decent company can generally get them away through a managed placing. Not something I'd be too bothered about.

I might buy some of these, but need to find time to look at the prospectus first.

jonwig
10/5/2018
11:19
Thanks jonwig. Appreciated.

that's what I was suspecting.

the relative size of Rosenblatt would be a limiting factor on how much they can fund on balance-sheet compared to massive Burford.

ALL IMO. DYOR.
QP

quepassa
10/5/2018
10:55
BUR uses both its own balance sheet and managed funds using outside investors (from which it takes a low basic but a high performance fee).
jonwig
10/5/2018
10:48
Interesting 9th May article on p6 of CityAM headed "Law firm could launch own litigation fund"

Article continues that " City law firm Rosenblatt confirmed yesterday that it could launch its own standalone fund to invest in litigation cases" in 18 months time


Anyone know if that is that the same business model as Burford, or do Burford fund litigation cases in-house/on balance-sheet?


ALL IMO. DYOR.
QP

quepassa
09/5/2018
07:25
jonwig don't understand why you tell me that I'm complaining.
Merely stating a fact.

Re the five years for Burford to take off, that's a very good point jonwig.
At only £1k invested, this will be a small punt to just tuck away for the time being for me.

All the best,
John

2350220
08/5/2018
20:42
They raised £43m in IPO

so an extra £10m in the bank

£22m to Debt & Tax Liabilities

£7m for In-house funding of litigation and working capital

£7m for for acquisitions of complementary businesses, investment in IT and AI systems.

£22m + £7m + £7m = £36m

Leaving an extra £7m

___ _____________________________________

The net proceeds of the Placing receivable by the Company are expected to be approximately:

£31.8 million and are intended for use as follows:

* approximately £20 million in respect of the Acquisition, of which approximately £18 million will be used for the repayment of loans owed by the Sellers and approximately £2 million of which will be used for the repayment of tax liabilities;

* approximately £5 million to £7 million for the in-house funding of litigation and working capital;
and

* approximately £5 million to £7 million for acquisitions of complementary businesses, investment in IT and AI systems.
_____________________________________________________

LONDON (Alliance News) - Law firm Rosenblatt Group PLC on Tuesday confirmed shares have started trading in London after it raised GBP43.0 million in an oversubscribed placing.

Rosenblatt placed 36.8 million new shares and 43.3 million existing shares at 95.00 pence each, giving it an approximate market capitalisation upon listing of GBP76.0 million.

Shares were trading at 106.00p each at midday on Tuesday.

euclid5
08/5/2018
19:17
concur. interesting sector.
quepassa
08/5/2018
17:28
@ John. 2350220 - it took Burford five years before its share price made much headway, and you complain about day one! Don't forget, IPOs are made for the benefit of the sellers, not a bargain for the buyers!

@ QuePassa - not often we agree; there are no 'no-brainer' investments, though there are plenty of no-brain investors. I'll follow this as the sector interests me, and how this company unfolds interests me as well.

jonwig
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