Rubicon Software Share Discussion Threads

[bozzy_s] 31/8/2011 14:53

Why the patronising attitude? I can't short these. I certainly wouldn't want to attempt to push the price down to invest in such an over-valued non-trading failure of a company.

You mentioned to read the previous RNS's. I have done so, and they say the company has sold it's trading operation for £150k. Sold on the cheap because they couldn't make it profitable.

They say the company had £22k of cash in Dec 10, plus £150k from sale.......... (basically as I mentioned in my 1st posting). They now have approx £0 - £50,000 to invest. They must find a suitable investment within a short time-frame to satisfy AIM rules otherwise they will be forcefully delisted. With many other better RTO options on the market (in terms of cash in hand balances, with actual trading activities, profitable successful companies) I can't see any hope for these.

I think anyone looking on here will see the game here. Small cap. Few shares in issue. Try to push the price up and suck in mugs to spend £10 to receive £1 worth of cash (at best) which hasn't yet been invested in anything.

Will pop back in a few months and see where things are. I'll be happy to put up my hands if the shares are up. Let's see if you do the same if they're down?

[comedy] 31/8/2011 11:45

run along bozzy ozzy...so obvious your agenda...now get back to school son...strange i buy 200k top up and someone buys 350k yesterday...so not sure if you know or understand numbers??? better luck next time

[comedy] 30/8/2011 16:56

LOL...STRANGE ISNT IT BOZZY..NO ONE POST HERE..I TOP UP LAST WEEK ..AND TODAY BIG BUY..SP JUMPS ALMOST100% AND YUO COEM ON SAYING IT IS WORTHLESS????LOL NOT GOT THE SHARES TO HAND OVER? BLESS...WATCH AND LEARN THE CO. had ticked all the boxes...see the clues in the last couple of rns...watch when others come here..suppose yuo have a week or two to try to get stock.gl:;)) bless your heart

[bozzy_s] 30/8/2011 16:40

Can't answer why someone would pay £10 for a £1 coin. Probably looking to take advantage of illiquidity in the stock for a quick buck. Would be quite odd to invest in this non-trading company on fundamentals alone!

[comedy] 30/8/2011 16:16

so why did someone buy 350k shares in this today???lol mm's short and need a few lossened out???

[bozzy_s] 30/8/2011 15:57

Quite a storm more like!

Not clear how much cash the company has to invest. £26k balance at last results (Dec 10), less trading losses since then (est -£80k), plus £140k from sale of business (minus associated costs/intercompany loans etc).

It would appear they have considerably less than £50k to spend. Probably closer to zero I would guess.

Against a market valuation of £400k. Seems exceptionally overpriced.

[comedy] 26/8/2011 10:11

well took more this morning...the last set of rns show we are in quite before storm???

but someone took 250k in july.

[ariane] 24/8/2011 08:58

Le mercredi 24 août 2011, à 9h 55
(CercleFinance.com) - Gilbert Dupont maintient son opinion 'acheter' et abaisse son objectif de cours de 49 à 45,6 euros sur Rubis (Francfort: 853095 - actualité) , avant la publication des résultats semestriels du distributeur de produits pétroliers, le 31 août.

[waldron] 12/7/2011 09:20

success of the dividend payement in shares - SPLIT
The dividend payment in shares option captured the interest of a majority of Rubis' shareholders: 73.02% of rights were exercised in favour of a payment in shares. In light of this very high rate of distribution of shares for this dividend payment, 449,872 shares will be created, together with 78,139 shares resulting from the managing partners' decision to reinvest their compensation in shares, making for a total of 528,011 new shares (representing 3.48% of the new capital after the increase). All 528,011 shares were delivered and admitted for trading on Euronext Paris on 8 July 2011.

These shares, which will confer a right to a dividend as of 1 January 2011, will be immediately assimilated with the company's other shares. The cash dividend paid on 8 July 2011 totals €11,960,321.85.

The Annual and Extraordinary General Meeting of 9 June 2011 offered shareholders an option to elect a dividend payment in shares or cash for the 2010 fiscal year. With regard to the payment in shares, the issue price of the new shares, which corresponds to 90% of the average opening price throughout the twenty trading days that preceded the date of the General Meeting, amounts to €72.72. The option period ran from 10 to 24 June 2011.

At its meeting of 8 July 2011 and pursuant to a resolution of the Annual and Extraordinary General Meeting of 9 June 2011, the Board of Management also decided to carry out a 2-for-1 stock split. Each holder of a Rubis share with a par value of €5.00 will receive two new shares with a par value of €2.50.

The split will be effective as from 12.07.11.

Upon conclusion of the above, the amount of Rubis' capital will total €75,844,000: 30,337,600 shares with a par value of €2.50..

Next update:
August 31, 2011 - 2011 half year results (after market close).


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[waldron] 19/6/2011 08:07

lesechos consensus target 99 euros

[maywillow] 17/6/2011 07:57

Le vendredi 17 juin 2011, à 9h 07
(CercleFinance.com) - HSBC (London: HSBA.L - actualité) initie un suivi sur Rubis (Francfort: 853095 - actualité) à 'surpondérer', recommandation assortie d'un objectif de cours de 96 euros, voyant dans le titre 'une carte défensive disposant d'un potentiel de croissance supplémentaire.'

[r1zza] 10/5/2011 11:55

Thanks! I just came here to have a look, as I seen your post on the CR thread, and I remembered you were invested in MVC anyway tomboyb best of luck with your investment here and the rest of your portfolio.

[tomboyb] 10/5/2011 11:47

To be absolutely fair R1zza - i have not kept uptodate with ORE - So i don't know the progression, how it has progressed but we clearly know Gold prices are going through the roof with all the money printing. So gl with your holdings.

[r1zza] 10/5/2011 11:40

I thought perhaps you may have prematurely sold out too soon, but you seem to have good reason. Don't forget it was formerly known as MVC, now as Orogen Gold it is a completely transformed and new company altogether imo

[tomboyb] 10/5/2011 11:31

I would not bother with MVC - The dilutionary effects were too great for that stock. It may come good over time but not one for me at this stage. dyor et al.

[r1zza] 10/5/2011 11:20

tb, you were in mvc correct?

[enia] 09/2/2011 17:25

(AOF) - Rubis a réalisé en 2010 un chiffre d'affaires en hausse de 52% à 1,449 milliard d'euros, soutenu par la hausse de 53% des ventes de la branche Rubis Energie à 1,163 milliard. Au quatrième trimestre, le chiffre d'affaires a bondi de 51% à 412 millions à la faveur de l'accélération de la hausse des prix nominaux des produits pétroliers (+ 48 %) intervenue depuis 12 mois. Le groupe spécialisé dans l'aval pétrolier a continué d'enregistrer une bonne avance de son activité au quatrième trimestre avec une croissance de 15% en volume et de 11% à périmètre constant.

Selon le consensus FacSet, le chiffre d'affaires était attendu à 1,3722 milliard d'euros, en hausse de 44,1%. Au quatrième trimestre, il devrait ressortir à 335,1 millions, en hausse de 22,6%.

Rubis bénéficie d'une bonne dynamique et poursuit son développement en consolidant ses positions commerciales (signatures de contrats et gains de parts de marché) et logistiques locales, en étendant son périmètre industriel (réception du terminal pétrochimique d'Anvers et extension de celui de Rotterdam) et en augmentant ses positions à l'international par acquisitions : Suisse, Espagne, Afrique australe et Caraïbes.

Le groupe a rappelé que le quatrième trimestre avait été très actif sur le plan du développement du Groupe avec quatre acquisitions structurantes annoncées.

Au 31 décembre 2010, les conditions suspensives ayant été levées, les acquisitions en Suisse (GPL), en Espagne (GPL) et en Afrique Australe (GPL) ont été réalisées de façon définitive. Par ailleurs, l'acquisition auprès de Chevron de ses filiales dans la zone Caraïbes devrait intervenir selon trois lots distincts entre le début du deuxième trimestre et la fin du troisième trimestre 2011.

[enia] 09/2/2011 17:22

turnover up 52% in 2010 !!

[grupo guitarlumber] 07/2/2011 11:28

Le lundi 7 février 2011, à 9h 42
(CercleFinance.com) - Gilbert Dupont réitère son opinion 'acheter' et ajuste son objectif de cours de 105,4 à 108,1 euros sur Rubis (Francfort: 853095 - actualité) , à l'approche de la publication du chiffre d'affaires du distributeur de produits pétroliers, le 9 février après Bourse

[tomboyb] 19/1/2011 21:16

Back from late day and its up 75%? Bought a few yesterday and it looks like it comedy. I think they will be launching iAccel soon but need more customers. Not really a trading share.

Edit i have also updated the header with a link to their website.

[comedy] 19/1/2011 14:24

well can get 2.15p so looks like they are looking for shares?:)