Rubicon Software Share Discussion Threads

[aughton 3] 05/12/2011 07:26

The Directors of Rubicon (AIM: RUBI) are pleased to announce that the Company has entered into a conditional arrangement with easyGroup Holdings Ltd ('easyGroup'), a company controlled by Sir Stelios Haji-Ioannou, under which it is proposed that easyGroup will become a shareholder in Rubicon and will use the services of Stelios and easyGroup's experienced aviation management team to provide general strategic, management and branding advice on the feasibility of implementing a low cost, point-to-point, no frills, all jet aircraft business model for Africa.

These arrangements with easyGroup follow the announcement by the Company on 18(th) November 2011 of its proposed new strategy in the aviation sector and the proposed appointment of David Lenigas and Geoffrey White (the Executive Chairman and CEO of Lonrho Plc respectively) to the Board of Directors of Rubicon. The proposed arrangements with easyGroup, the appointment of the new Directors and the change of strategy are all subject to the passing of various resolutions at the general meeting of the Company's shareholders to be held on 13 December, 2011 ("GM").

Stelios and easyGroup's management team will bring significant airline experience in the areas of operations, marketing, branding, IT, fleet selection and finance to the Company.

Under the proposed arrangements, and conditional on the resolutions being approved at the GM, easyGroup will be issued shares in Rubicon representing an initial 5% holding subject to certain conditions and will have the option to subscribe for a further 10% of the Company's enlarged issued share capital. easyGroup will also earn a royalty fee for 10 years in relation to the Company's use of the fastjet.com brand once certain conditions have been met. Subject to the GM, the Company will be allocating GBP80,000 per month for six months with effect from 13 December 2011 for a team of 4-5 senior aviation executives selected and led by Stelios, in addition to an one-off payment of GBP25,000 which became payable with the signature of the letter of intent.

easyGroup will provide branding advice to Rubicon which, if accepted, would lead to an agreement under which easyGroup will provide Rubicon with exclusive rights to use the fastjet.com brand for an initial period of twelve months. Following this period, provided the Company has taken delivery of a western standard jet aircraft liveried as fastjet.com or completed a substantial transaction which is classified as a reverse take-over under the AIM Rules, Rubicon's rights to the fastjet.com brand would continue on a perpetual basis. Should no such transaction occur within 12 months, all rights in the fastjet.com brand would revert to easyGroup with no further obligations on either party.

Speaking today in relation to the announcement of the easyGroup agreement, Robert Burnham, Chairman of Rubicon said:

"We are very pleased to have secured the management team of easyGroup to advise us on our proposed strategy of building a world class aviation company with a focus on the significant potential in Africa. The experience and track record of the easyGroup management team in this area is unparalleled. This experience, coupled with the deep knowledge of African business of our new shareholder Lonrho PLC and our proposed new board members David Lenigas and Geoffrey White, places Rubicon in a strong position to deliver successfully on its proposed new strategy for developing aviation services in Africa".

Enquiries:
Rubicon Diversified Investments Plc Tel: [phone] Robert Burnham

[backwoodsman] 25/11/2011 06:51

Sorry, Smallcapman, I am not sure where I saw that. I have looked back on the LONR thread which is depressing reading although my stake is tiny. I held a very few of these until yesterday and I'll keep a watch out for developments.

[smallcapman] 24/11/2011 13:45

interesting backwoodsman ...could you point me in the direction of this article?

i saw the below in the Telegraph 2 days ago which prompted my thinking;

Lonrho
12p -½
Questor says BUY

Lonrho is a conglomerate operating in five divisions – transportation, agriculture, infrastructure, hotels and support services.

In the first half, revenues rose 35pc to £81.4m, with like-for-like sales up 28.7pc. Pre-tax profits soared by 190pc to £5.8m, but a significant amount of the uplift was down to biological assets.

The company's agribusiness is now a substantial amount of its business, the valuation of biological assets involved (plants and trees) was raised by £12m in the first half of this year compared with £3m in the corresponding period last year. This is the group's second set of interim numbers, as it is moving to a December year end.

The group has launched a review of its airline operations – Fly540 – which prompted some speculation that the business was about to be sold. This appears off the mark. It is more likely that this is about finding the next steps in growing what is a pretty exciting business. It may involve a financial partner, but not a wholesale exit from the business.

[backwoodsman] 24/11/2011 10:39

I read that Lonrho's investment in aviation was costing them money and dampened the results hence one reason for Lonrho's weak share price.

[smallcapman] 24/11/2011 08:28

looking at the last RNS and the one of this morning something came to my attention...

so Mr lenigas is going on the board and lonrho have taken a stake in RUBI. and they keep mentioning this point about global aviation in africa - see below;

"and we look forward to building the Company into a significant participant in the global aviation and aviation services sector with a particular focus on Africa."

i had a look at lonrho this morning. its not a stock im familiar with - but one of their investments is an airline in africa called fly540 ( which calls itself africa's low cost airline.

do we think this has something to do with RUBI? maybe they want to float it but saw an easy route via RTO??

i had a look at lonrho's interims and there is a section on fly540 which states they have established a number of new african hubs and has been growing, increasing load factors, and deploying new aircraft. there is a para which stood out at me when considering the above...

"Following the completion of the route network for Fly540, Lonrho is undertaking
a strategic review on the alternative options to maximise the growth of the business now that the unique core network across Africa has been established."

i might be reading between the lines a bit but just a thought!!

SCM

[comedy] 18/11/2011 16:07

king everyone knows you post under multiple names...keep up the facade of kidology of posting under 1 name...next week son you will have egg over your face re:zol

[imperial3] 18/11/2011 15:48

Fabulous rise for holders.Bear in mind the dilutive effect of the extra shares being issued,which is quite a number.Good luck anyway.

[kinghorm23] 18/11/2011 15:44

HTT !

LOL

Now that is desperate

Comedy

Again show me a post where i deramp Zol, why wont you do that ?

[comedy] 18/11/2011 15:41

very dangerous to chase the spike !

why say that if you dont want people to sell so you can get back in lower??

you are the lowest scum of them all son!

[double6] 18/11/2011 15:41

Wait until HTT does the same!

[knowing] 18/11/2011 15:40

THR !!!!!!!!!!!!!

[kinghorm23] 18/11/2011 15:39

Where's the deramp then ?

I sold Zol and i have not said a bad thing about the company ?

Show me a post where i have ?

[comedy] 18/11/2011 15:38

oh dear suffering from memory loss now?

[kinghorm23] 18/11/2011 15:36

Comedy

This name is my only name on advfn, contact advfn and get them to do a IP
trace if you think i use others !

[kinghorm23] 18/11/2011 15:28

I never made any prediction with Zol, you have confused me with somebody
else but all the posters on the topinfo pump and dump thread are paranoid
with every other poster using advfn is robson.

Keep taking the pills.

You are just a small time pump and dumper always will be.

[comedy] 18/11/2011 15:26

mustnt be greedy kinghorn..strange how your posts imply differnt things with hindsight?

what happened to your prediction with zol???got popped son..and you will be crying next week as it goes in the the 3p ground:)

never mind keep posting your imaginery numbers

[thecroots] 18/11/2011 15:19

surely, this is going to fall before close? Its only a placing...!

[kinghorm23] 18/11/2011 15:06

And again selling too soon, ouch comedy !

And there's you putting out the image of a major player with huge
stakes in small caps :-))

[comedy] 18/11/2011 11:56

well all out...sold remaining 40k just now. gl all

[kinghorm23] 18/11/2011 11:35

Mugs chasing the spike comedy, 1p yes but 2p and higher silly and risky !

Good to see you dump before the rise :-))

[comedy] 18/11/2011 11:29

lol king keep showing youre true colours.

[tomboyb] 18/11/2011 11:26

This could be an exciting development here -