Rbg Share Discussion Threads

[ianr5] 18/3/2020 15:51

QS99 Thank you. The ridiculous concert party rules prohibit me forever from buying even 1 share, irrespective of the close period.
So love to but cant.
Anyone can always get in touch with me which is preferable to rumour nonsense on chats and blogs

[quepassa] 18/3/2020 15:45

Cannot rule out the possibility that this share will fall significantly further in the current hostile environment.

An embattled sector.



ALL IMO. DYOR.
QP

[qs99] 18/3/2020 15:13

Interesting thread: don't often see owner posting!! Hi to IanR5

With cash on the balance sheet, market cap right down, looks like it may be heading into "value" territory IM humble O.

Not possible I presume before the results are out, but look forward to some director or other buying in size as a sign of confidence in due course. Maybe good use for that £1m?!

Good days to one and all, stay safe. Thanks for all the grafting IanR5! May look to buy some in due course....

QS

[ianr5] 18/3/2020 15:05

nimbo1 and why would I " dump" my holding when this business is my life's work and I continue to graft every day in an attempt to create value, but sitting behind a computer and slagging me off is dead easy isn't it?

[ianr5] 18/3/2020 15:03

JamesBone whoever you are you are really must be very bored with your life if the best you can do is slag of the Chairman by making some ridiculous connection with my sister
If you actually want to know something interesting about this business and be properly informed then why don't you ring me rather than posting rubbish

[jamesbone] 03/2/2020 12:29

Keith Hammil has been appointed Chairman. Formerly a director of Bagir Holdings Limited. A company which is currently chaired by Ian Rosenblatt's sister. Cosy? Turn the fire down.......

[nimbo1] 24/1/2020 07:23

trading fine and might see a pick up - paying Ian Rosenblatt £1 million so he can't dump his holding completely unacceptable in my opinion. AVOID!

[scooper72] 29/11/2019 09:25

I've been reducing and taking some profits along with the price slipping back. And if we get back to 80p will start increasing my holding again.

[mammyoko] 29/11/2019 08:58

Interesting sales of over 2 million shares this week at 95p. Those couldn't possibly be related in some way, I wonder?

[quepassa] 29/11/2019 08:47

Criticism???

None intended.None implied.None to be inferred.

You are being (as normal) overly sensitive and hyper-defensive.

Nothing other than pure observations on my behalf about the ongoing share overhang.


But why, jonwig, don't you give YOUR clear opinion as to the question posed by me:-

"that there may or may not be a minimal, medium or maximal chance that the shares might eventually be sold in part or in full to repay the bank loan???????"

Come on, let's hear. what is your opinion?

ALL IMO. DYOR.
QP

[jonwig] 29/11/2019 08:33

I guess it's not that unusual. This from Manolete partners last month:

The Company announces that on 23 October 2019, the Chief Executive, Steven Cooklin, who is a significant shareholder of the Company, pledged 3.4 million ordinary shares in the Company as security against a personal loan of £1 million primarily to fund personal tax liabilities and the completion of his home renovation in London.

Peel Hunt, the Company's NOMAD and Sole Broker, has waived Mr Cooklin's IPO lock-in arrangement for this pledge. The lock-in arrangement agreed at IPO continues to remain in force.

So that's £15m collateral for a £1m loan. Mr Rosenblatt seems to have got himself a good deal there.

In both cases actually selling the shares to repay the loan would be a problem considering the lock-in, and would incur a hefty CGT bill. It could be no more that over-collateralisation to get a lower interest rate.

[Not a holder here, but the criticism seems a bit excessive.]

[quepassa] 29/11/2019 08:22

Yeah ...exactly....that's what I mentioned all along.....the SHARE OVERHANG....caused by the relatively short lock-in periods...is something to be keenly aware of...


Come the end of the formal lock-in period...can anybody rule out the possibility that the shares won't be sold in full or in part to repay the bank loan???



If I were a betting man, would I bet that there may or may not be a minimal, medium or maximal chance that the shares might eventually be sold in part or in full to repay the bank loan???????

I know which way I would bet......,.


ALL IMO. DYOR.
QP

[mammyoko] 29/11/2019 08:05

RBG Holdings Plc ("Rosenblatt" or the "Company") announces that on 29 November 2019, Ian Rosenblatt, who is a significant shareholder of the company, has pledged 16,911,214 ordinary shares in the Company as collateral against a personal bank loan of £6m to fund personal tax liabilities.


Stifel Nicholas Europe Limited, the Company's NOMAD and Sole Broker, has waived Mr. Rosenblatt's IPO lock-in arrangement for this pledge. The lock-in agreement agreed at IPO continues to remain in force.


Following the pledge, Mr. Rosenblatt's beneficial interest in the company remains unchanged and he continues to be the beneficial owner of 16,911,214 Ordinary Shares, comprising 21.1% of the Company's issued share capital.

Pledged his whole holding at 35p!

[geraldus] 29/11/2019 07:58

Don't think the market will like this.

[davr0s] 02/11/2019 20:15

It's an illiquid share

[scooper72] 01/11/2019 12:56

Anyone know why I can't sell even just 500 shares today?

[davidosh] 14/10/2019 22:45

Just to let shareholders and potential investors in RBG Holdings/Rosenblatt know that the management team will be presenting on the second day of the two day Mello London investor conference in Chiswick London W4 on Tuesday 12th and Wednesday 13th November and there will be an opportunity to take part in a Q&A at the end of each presentation. These are just a few of the companies taking part...



There will also be lots of quality keynote speakers, panel sessions and round table discussions looking at investment strategies & portfolio diversification plus sessions on.... How does a market maker work your share trades? What is undertaken in a company audit? What is hidden on the dark web? & how can retail investors get access to placings?



If you would like to join the thousand investors at the event you can gain 30% discount on your ticket by entering the code ADVFN30 when you purchase your ticket.

[quepassa] 26/9/2019 08:56

Rosenblatt article in today's FT, page 20

[geraldus] 25/9/2019 15:14

Took profits today,decent return.GLA

[macc1] 25/9/2019 12:16

Video: Nicola Foulston on todays results, their strategy & name change etc:

[geraldus] 17/9/2019 13:54

Market likes the deal.

[sphere25] 16/9/2019 09:49

How do they come out with figures like 120 pence? Market has been valuing the stock at 88p and lower more recently. Management picking blue sky figures out of the sky ("Hell, it's only a 35.6% premium to where the market is - not too much, abit less than a bid premium so should be fine") and happy to rip off the seller here.

Abit scummy and low that.


"An initial consideration, payable on completion of GBP13.6 million. Of this GBP13.6 million, GBP7 million will be paid in cash from the Company's existing resources and GBP6.6 million will be satisfied by the issue of 5.5 million new Rosenblatt res (the "Initial Consideration Shares") BASED ON AN ISSUE PRICE OF 120 PENCE PER SHARE (a premium of 35.6% to the closing price on 13 September 2019)."

The deferred consideration is even worse!

Just a 58% premium to the price you know

[quepassa] 16/9/2019 08:16

Management spread too thin??

Law Firm
Funding litigation, now
Sell-side corporate Finance

Not obvious to me where cross-selling lies between litigation funding and new acquisition.

Holdings company for a diversified legal/financial services/corporate finance boutique group sounds like a nightmare to me.



Going against the grain as companies tend to specialise + focus nowadays rather than diversify??

good luck all.

all imo. dyor.
qp