Rubicon Software Share Discussion Threads

[mister md] 05/12/2011 11:52

pardon the pun, but this has taken off and is flying... wonder how it will end the week after media coverage

[tomboyb] 05/12/2011 11:40

The thing with RUBI is that Lonrho already have fly540 in Africa - which does with stelios make in an intreguing prospect - I think a lot of investors thought fastjet.com was a gimmick - No so as per RNS -

[aughton 3] 05/12/2011 11:35

of course they are who the hell would sell here with market cap at 3.9 million

[analyst008] 05/12/2011 11:26

Market Makers are chasing this stock.
I was offered to sell online at 7.7 with the spread at 7.5 v 7.75.

[comedy] 05/12/2011 11:21

lol jonny look at shares in issue..then compare against easy jet...then bear in the population of AFRICA...and the fcat they are having boom times at moment...i sold out below 2p and have bought back in today at just below 6.5p...happy to take a smack in the fcae to enjoy the rise from here..£10mill m/cap coming up in short term???possible become a £100mill m/cap co. in 3 to 5 years???

[jonnynixon] 05/12/2011 11:18

so surely there will be a massive share dilution to make this venture happen? Does any one know the fundamentals for this company?

[analyst008] 05/12/2011 11:13

Easy Easy Easy.
Will this annoucement be on news channel today?

[mister md] 05/12/2011 11:11

with a potential reverse takeover at the end of it ...

[alpha534u] 05/12/2011 11:03

some big names in here now .....

[analyst008] 05/12/2011 11:03

Fast Jest - fast rising shares today.

[katsy] 05/12/2011 11:01

Tried to buy but the trading account where I have some spare funds doesn't allow me to tarde RUBI, so I'll give it a miss although I suspect looking at the tiny MCAP that this will be substancially higher in the weeks to come. Make sure those in stay for the ride and not cash in tiny profits.

[tomboyb] 05/12/2011 10:53

Sir Stelios and Rubicon explore low-cost airline for Africa
easyGroup, controlled by EasyJet founder Sir Stelios Haji-Ioannou, has tied up with Rubicon, an investment firm, to explore the possibility of launching a low-cost, no-frills airline for Africa.

[alia] 05/12/2011 10:40

this is just awesome news ,to have easyjet on board

[tomboyb] 05/12/2011 10:36

I think it was mentioned in the papers that fastjet.com was a rant by stelios - clearly not so by the looks of it - having bought back in today it looks like lonrho and easybrand will be sharholders on RUBI -

[alia] 05/12/2011 10:30

where is our friend king lolol

[alia] 05/12/2011 10:27

BOUGHT IN @1.8P ALREADY A TRIPLE BAGGER

[aughton 3] 05/12/2011 10:23

people mentioning silly targets in the city

[alia] 05/12/2011 10:22

DOUBLE FIGURES VERY SOON ON HERE

[smallcapman] 05/12/2011 09:43

here we go! Cant believe it is only capped at 2.5m when this is the first thing stelios has done in the public domain since easyjet!

[aughton 3] 05/12/2011 09:40

yea nearly 3 million traded including plus only just under 48 million in issue

[alchemy30] 05/12/2011 09:33

Some decent buys on PLUS over offer. 361K and 200K

[aughton 3] 05/12/2011 08:26

i like the reverse takeover bit

[tomboyb] 05/12/2011 07:27

Yep - and i can't believe my naievity !!!

TIDMRUBI

RNS Number : 3062T

Rubicon Diversified Investments PLC

05 December 2011

RUBICON DIVERSIFIED INVESTMENTS PLC

('Rubicon' or the 'Company')

Rubicon, easyGroup and fastjet.com

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
WH Ireland Tel: [phone] John Wakefield

This information is provided by RNS

The company news service from the London Stock Exchange

END

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