Rbg Share Discussion Threads

[catabrit] 27/7/2023 07:39

I like Simon Thompson and I always read his articles but he suffers from the same problem that most writers / investors do; the need to keep tapping away. Sometimes it’s better to just go sailing. And that’s why private investors who can do that have a massive edge vs peers.

[se81] 27/7/2023 07:36

I suppose if you were wondering why Foulston has run off with her tail between her legs- that RNS is basically a clean up job of her mess!

£10-12m EBITDA on a mkt cap of £25m and an EV of £50m

Be nice if us retail get a chance at 20p like the instis

[catabrit] 27/7/2023 07:35

Ouch. Who wants to own a busted, over-levered roll-up with no dividend yield when you can get juicy fixed income yields or even 3.5% just holding cash? I’m sorry to say it and I hope I’m wrong but I fear this is going to be in the doldrums for a while. Management will need to regain investor trust and that’s going to take time.

[weaverbeever] 27/7/2023 07:32

This has been tipped twice by Simon Thompson recently. That guy is bloody useless

[purple11] 27/7/2023 07:32

premarket 17p

[clocktower] 27/7/2023 07:17

Shockwaves to follow. Facing reality today.

[churchharbour] 27/7/2023 07:12

No dividend : 13.3 million write off : debt reduction a priority : back to basics with two healthy legal practices and a M&A business

[clive7878] 26/7/2023 17:44

Until we get some positive news - speculation will continue.

[bluemango] 26/7/2023 16:59

I agree it's irrational. ;o) Maybe some deal was made where she had to exit regardless. A stroppy ex-CEO shareholder with a grievance is not the best baggage.

Also - don't assume, btw, that she's the fount of all knowledge regarding future direction here, even if that was a genuine dilemma for her. Of course her views are going to be diametrically opposed to those of the BOD. Without knowing exactly why, it's pointless to speculate. All we know is, it was a large overhang which has now gone - generally that's a good thing regarding future demand v. supply.

[ggrantsu] 26/7/2023 16:55

Sorry BLuemango…and I’m bullish on this btw. But you cannot just assume Foulston sells at 20p and that’s because she wants out at all costs. Not usually how people like her operate in my experience…that’s a crazy valuation and could have surely been easy money to hold on and get double / treble without lifting a finger if the business is in reasonable shape. Would have been free money.

And also…she’;s an aggressive character who doesn’t gain anything by not being on register.

[13martyn13] 26/7/2023 16:51

Many thanks for joining the dots for me.

[bluemango] 26/7/2023 16:49

From the company's website:

* 8.93% of these shares are held by Cascades Limited. Cascades Limited is ultimately owned by the trustee of “The Foulston Family Trust” a trust of which Nicola Foulston is a beneficiary



Exactly corresponding with the percentage in the Holdings RNS.

Good to have cleared that mighty large overhang.

[13martyn13] 26/7/2023 16:44

I thought the seller was Paul Thomlinson from Cascades Trust, who had bought 8.51m shares on 16/5/23.
Not The Nicola Foulston Family Trust selling.

[se81] 26/7/2023 16:40

And there you go....NF after all!

She has to go where the volume is- at the mercy of the institutions! (not sure if anyone has noticed but its pretty bleak in small cap land)

Some interesting news in litigation finance today thats hitting LIT (RBG timed their escape nicely)

hxxps://www.lawgazette.co.uk/law/shockwaves-as-supreme-court-rules-litigation-funding-deals-unenforceable/5116775.article#:~:text=Litigation%20funders%20will%20have%20to,the%20Supreme%20Court%20this%20morning

[lennonsalive] 26/7/2023 16:40

Tin hat time tomorrow then

[bluemango] 26/7/2023 16:37

Because she was gifted them at zero cost and since being ousted wants nothing to do with them?

[ggrantsu] 26/7/2023 16:34

So it’s Nicola…question is why is she selling at 20p???? Particularly as not long ago she was selling at more than double that level…

Very worrying.

[flagon] 26/7/2023 16:24

NF trust holding via Cascades Limited is now gone completely.

[shep22] 26/7/2023 16:13

Is the Kevin Munslow referred to as the future CEO of RBG currently at the law firm Signature Litigation?

[ggrantsu] 26/7/2023 15:58

This share is becoming a great example of a situation where one has to not only think about risk vs. reward...but the time and attention spent on a position vs. the upside. There are so so many moving parts and potential outcomes...it confounds the mind.

My biggest concern right now...and whether its Foulston or not...but who the hell sells at 20p. My typical experience with people who have lots of money is that they loathe giving away the the potential to make more. 20p was a heck of a low valuation to sell here...no matter what her relationship is to the company - of course, we still haven't be told who was responsible for yesterday. whoever it was...they obviously think the share price here can go lower. at the end of the day, I don't buy Foulston being forced to sell / selling out of spite...she can be much more spiteful remaining a shareholder vs. selling up.

the dividend is obviously completely unsustainable and will be cut / withdrawn...fine if you buy into the longer-term story of the core businesses - which are very good businesses. however...as we all know, the retail base here have been buying on the prospect of the insane yield, which disgracefully was backed in the previous weeks by those silly reports. once the dividend goes...there will be a run for the exit - most are not wanting to wait around for the core businesses to recover here while debt is paid down.

if one thing this stock teaching us all...everything is on the table and this is totally unpredictable. I was expecting this to be 30p+ today off the back of the clearout yesterday. couldn't have been more wrong.

lets see what tomorrow brings!

[tomtrudgian] 26/7/2023 15:11

Thanks Elsa, Nicola Foulston was expensive. She repaid that time and again with aggressively increasing the trading margins, acquisitions, and superb web & public relations.

It seems she partially inherited her wealth in trust. She may be able to vote RBG shares but not sell them without Inheritance tax. Is that any business of myself or others?

4/ Acquisition £10m loan. As of June 23 £3m is reported to have been repaid.
5/ Agreed.
6/ All I said was that HSBC were wholly unlikely to allow a significant dividend, without debt reduction of course.

fft. Yes, losses claimed as exceptional items will both enhance EPS and reduce corporation tax. No difference to the value of the company however.

[lennonsalive] 26/7/2023 15:07

Good Lord, some mentioning Foulston coming back. I can't see that happening

[clive7878] 26/7/2023 14:36

True - I believe write offs could be treated as exceptional items.
Non recurring items will obviously not affect the following years figures.
It these figures and the interest on the debt that is damaging the share price at present.
The company needs pulling back together with someone at the helm.
The share price should be valued at any profit excluding exceptional,
but then discounting exceptionals what is the profit estimated
for 2023 and 2024 is the $64 question, as this is more than a bit in the air at present.

[elsa7878] 26/7/2023 13:11

Sorry - double post