The difference is that it's about expectations. M&S had built into their share price a bigger fall in sales, when it was not as big a fall, the market expectations rose, therefore the SP rose.
Currently RRL is nice and stable. I'll take 1% up and down for a few days/ weeks. The market is waiting for something else. Maybe that MOU to become reality. Maybe for the next set of production figures to make sure that increased production is a pattern and not a blip.
The slight increase in price you can put down to those wanting to get in ahead of the rush, but you more level headed investors will not want the down side of the risk.
Even though it's only small moves I'll take that every day, rather than 15% up then 20% down on wild speculation.
Thanks for all that, Jim and Phil. Much appreciated. Have just voted. My broker said "Do you want to say yes to all 22 resolutions?" Hmmm!!! I guess he hasn't had many requests yet from Range shareholders.
I am generally voting yes, but one or two "no's" and I think one NED has as much chance of many more paydays as the Tories have of winning at Chatham against their reckless opponent.
Please see below information in relation to voting at the upcoming AGM. I won't be posting the full document as it is MASSIVE. Please refer to the RIG site to have a look how to vote.
In advance of the Annual General Meeting to be held on 28th November, please find (linked) updated guidelines on voting via nominee accounts.
As before this will continue to be updated periodically as information on deadlines etc. filters through from the various brokers. To that end please feel free to add any comments on this thread e.g. difficulties with certain brokers and how you have got around it etc., please contact me or one one of the other RIG reps or email to email@example.com. We have in the past experienced misleading / incorrect info from some brokers to the effect that it's not possible to vote on AIM shares etc., some of their staff seemingly don't know their own system or suffer internal comms issues. Feedback received suggests the experience is improving, but obviously we wouldn't want members to be denied a vote because of a problem with the broker.
Note that in general brokers will be wanting the votes to be in a few days in advance of the AGM so that they can collate them and pass the proxies on to Range. Each varies with their timescales.
As before, RIG reps are not going to advise a 'party line' on which way to vote on the resolutions, i.e. for, against or abstain - we consider that individual members are intelligent enough to form their own view on how they should vote on each resolution. However, we do strongly advise all members to vote in some way, particularly given the large number and variety of resolutions this time around, it is a real opportunity to make your voice heard, and as such the abstain option would be better than not voting at all.
For ease of reference, here is the link to the AGM notice with the resolutions on the Range website:
If you wish to attend the AGM in person, note that brokers usually have registration arrangements for this, so you need to check with them to avoid disappointment. Details will be added to the document as and when known, so please let us you when you do!
How to vote - Broker-by-Broker 3.2.pdf (353.32 KB) - attachement can be found on the forums
Company A Sales - which are primarily clothing - fell 4% in the second quarter. Despite the drop, boss Marc said he was "pleased" with progress in "challenging market conditions". Shares rose 8% in early trading. Analysts said the chain's performance was largely better than expected. Half-year pre-tax profit fell 0.4%
Company B Huge turnaround in profit forecast. Rigs in use doubles. Costs hammered. Significant development finance in place. Shares remained flat on early trading with a small increase of 1.22%
The first two weeks of August used to be a trip to Porthcawl or Barry for the S Wales miners, day-tripper. Coal production was 0,0,0,0 x 14. In same way, weeks of August may be rest weeks to enable 260 staff (including Will) to work in hotels serving summer holiday holidaymakers from Britain and USA.
If that is case, fabulous September given that we only had permits for two of rigs. If not the case, please stop leaking the daily production return for August that you must have found on Rory's desk.
I'm not here to prove anything or try to impress anybody, just trying to have reasoned debate on subjects affecting the company. If you wouldn't mind, just for my research, pointing me in the direction of the "exceptions of prohibition" please?
Also, I noitice you use the word IF a lot? But what if the opposite happens to what your saying, too many variables to be sure of anything. Once again agreed ultimately they could in 5 years time own 50%, but with initial $20m, we should see a ramp up on production. Also we don't know all the info on the bonds, call features/put features/coupon price etc etc maybe this will be shared on completion.
Which question? the one on takeover act? I think if you research further, you will find that there are a number of exceptions to the prohibition.
You are just fond of taking things out of context to score points in order to boost your ego aren't you?
There is nothing to prove here man. The deal is done and the result is if RRL can't pay, they end up with the company. If the SP is over 1p, they will convert and end up with 50%. So what if they have to dispose of the shares? They make a big fat profit and your stake has been massively diluted.
Just remember, 9 billion shares. Go work out market cap and SP relationship based on that.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.