Rubicon Software Share Discussion Threads

[pillion] 31/7/2012 08:54

Some juicy options for Ed Winter

[bubble pricker] 24/7/2012 21:56

djalan, maybe maybe not. This one is hard to gauge. The present valuation is already fairly rich for what they have at the moment. Clearly there is some element of future expectations and success in the price. However, the excitement that this story might create is not to be underestimated.

[djalan] 24/7/2012 21:28

..... has raised GBP5.50 million gross by way of a placing (the "Placing") of 137,500,000 ordinary shares (the "Placing Shares") at 4 pence per share......

Plenty of time to buy into this later
imho.... dyor
No advice intended

[tomboyb] 24/7/2012 21:18

EasyJet's chief pilot quits for Stelios' new venture

Jul 23, 2012 08:31AM GMT
0 Comments and 9 Reactions

EasyJet's chief pilot has quit and is expected to join the Fastjet budget carrier being established by the UK carrier's found Sir Stelios Ha

[tomboyb] 24/7/2012 19:27

Cluttering? -

"Do you have an opinion to offer on it?" - Of course i do. I created this thread afterall.

Now -

Must dash!

[bubble pricker] 24/7/2012 16:22

tomboyb, we can all read the RNS news feed, no need to clutter the board.

Do you have an opinion to offer on it?

I have taken shares in this placing.

[tomboyb] 24/7/2012 15:37

TIDMRUBI

RNS Number : 4054I

Rubicon Diversified Investments PLC

24 July 2012

24 July 2012

RUBICON DIVERSIFIED INVESTMENTS PLC

('Rubicon' or the 'Company')

Completion of GBP5.5 million Placing and Head of Terms for GBP5 million EFF

Rubicon (AIM:RUBI) announces that the Company has raised GBP5.50 million gross by way of a placing (the "Placing") of 137,500,000 ordinary shares (the "Placing Shares") at 4 pence per share (the "Placing Price") with institutional and other investors.

The Company has also signed Heads of Terms with Darwin Strategic Limited ("Darwin") for the provision of a GBP5 million Equity Financing Facility ("EFF"), over a period of 36 months. The subscription price of any draw down on the EFF will be at a 5% discount to an agreed reference price determined during 15 trading days immediately following the delivery of a draw down notice. Any exercise of the draw down shall have a volume commitment of a minimum of four times the average daily volume traded in Rubicon shares during the 15 days prior to activation, subject to certain restrictions which are yet to be finalised. A further announcement will be made describing the terms of the EFF in more detail, once the final agreement has been entered into.

Darwin is a majority owned subsidiary of Henderson Global Investors' Alphagen Volantis fund.

Net proceeds of the Placing amounting to approximately GBP5.23 million and any funds subsequently raised via the EFF will be used to further the Company's proposed launch of FastJet in Africa and for general working capital purposes.

Admission & Placing Statistics

Application has been made for the placing shares to be admitted to trading on AIM, which is expected to occur on the 2(nd) August 2012.

The Placing Shares represent approximately 10.5 per cent. of the Company's existing Ordinary Shares and will, when issued, represent approximately 9.5 per cent. of the Company's share capital as enlarged by the placing.

Following Admission of the placing Shares, the Company will have 1,449,330,135 Ordinary Shares in issue. This figure may be used by Shareholders, from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Ed Winter, Rubicon CEO, commented:

"The additional funding will strengthen the Company's balance sheet and should increase the ability to lease aircraft on better commercial terms and assist with the roll out of the Airbus A319 fleet in Africa. The first A319 is scheduled for delivery in October."

For further information please contact:

Rubicon Diversified Investments Plc Tel: [phone]

Ed Winter

David Lenigas

Geoffrey White

Richard Blakesley

Citigate Dewe Rogerson (on behalf of Rubicon and FastJet) Tel: [phone]
Angharad Couch

Sally Marshak

Eleni Menikou

W.H. Ireland Ltd. Tel: [phone]

James Joyce

[bubble pricker] 24/7/2012 11:16

tomboyb, it is "would have" not "would of".

yorkie, ADFN boards are full of clutter from people posting minute by minute blows of how many shares are available "online", and then all kinds of pointless conclusions are usually drawn from those. This adds no useful information whatsoever for the reasons I explained in 237.

Anyway, back to Fastjet. I saw the presentation at Proactive last week and like it. The people involved add credence, but clearly there are a lot of obstacles to be overcome.

[yorkie123] 24/7/2012 10:14

Steady on BP, no need to respond so rudely; he/she was only trying to make a point.

[tomboyb] 24/7/2012 07:15

Morning - Yes perhaps it would of been better of me to post that it was MY broker that was offering those limits on RUBI - But i certainly do not need u to try to educate me!

Back to RUBI -

[bubble pricker] 23/7/2012 21:48

tomboyb, MMs are not the ones "offering" shares "online". It is the retail stockbrokers that offer shares "online". Just because YOUR stockbroker has a certain limit on what YOU can buy online on THEIR platform does not have any meaning whatsoever to what is available in the market. Please inform yourself about how the quote driven SEAQ trading system works before posting uninformed drivel.

[yorkie123] 23/7/2012 14:51

Memo to self - Shares can go up as well as down........... Lol!

[yorkie123] 23/7/2012 13:30

A bit choppy out there at the moment - a few people taking fright.

[poppet123] 20/7/2012 11:05

Yes, thank you Yorkie

[tomboyb] 20/7/2012 09:16

Thanks for that Yorkie -

Tommyboyb -

[yorkie123] 20/7/2012 09:06

Impressive presentation by Ed Winter (who is an ex-colleague and friend of Stelios) and Richard Blakesley.
Key factors for me were such things as:
1. With Stelios a significant shareholder, there's the benefit of Low-Cost airlines experience.

2. Lonrho (major shareholders) have much African experience, and also a strong reputation in Africa.

3. They already have a very good platform from which to start,(Fly 540 operation) with four hubs, the flying rights and existing revenues.

4. Determination to insist on European standards of safety and quality. The Airbus A319 are the chosen aircraft to be leased, for sound commercial reasons.

5. They will work with African countries' governments to reduce passenger departure taxes, which at present are high. This is obviously to encourage low-cost travel, to benefit both FastJet and the countries concerned.

With Ed Winter, they have much experience, as he was founder and COO of Go Airlines, and then COO of EasyJet.

So in my view, all the above points help to reduce the risk which comes alongside any start-up.

[tomboyb] 20/7/2012 08:35

A shame i could not make it like another i missed recently - Good luck Yorkie with Fastjet - One thing Stelios knows is aviation and u have the African factor ( which LONR know about) and skills of stelios - Can they pull it off and make it the easy-jet of Africa? - If they can deliver the package and the quality of European safety standards on its plane then i think they have a good chance indeed -

[poppet123] 20/7/2012 08:30

Yorkie123
did you hear anything new? Was Stelios to be seen or spoken about ?
Anything you could pass on please.

[yorkie123] 20/7/2012 08:23

Went to last night's presentation in Mayfair. Impressed with what I heard, seems to have big potential. Consequently bought in this morning.

[tomboyb] 19/7/2012 12:49

It normally is so someuwin - If FAST was not taken up i would of thought that would of been the perfect EPIC.

[sos100] 19/7/2012 12:49

5p dont look too far away now.

[someuwin] 19/7/2012 12:46

Wonder if we'll get a new stock code to go with the new name?