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See little benefit staying as we are. there is share dilution as always coming, says at significant level higher than todays sp but let’s see. i’ll go with it, i expect certainly to start to loose great value but already have, id rather it tries to become something different and then better
A significant rise? Its dropped like a stone the last few months. The only people making anything outta this are Nick & his cohorts. Every time it reincarnates with the promise of shareholder value, something he’s being doing for a decade plus, it fails
Looks like we may see a significant rise in share price if RT completes.
Well I guess selling around half of s247 to get back a very small profit (pity we could have got another £700k last year for the same disposal)...makes sense and it's good to have a bolster to the cash in hand...
....also now that the selldown of s247's holding of RGO....yes there must have been a willing buyer...
...and why not? The NAV is about 400% of the market cap ...and probably cash is 100% of market cap.
Surely a buy and tuck away for now?
GLA
Probably structured that they couldnt dump, but as the s247 rns clearly found a willing buyer at this price.
Their net cash holding must be worth more than their market cap by now ?
It's been got around! They've sold down the holding below 3%
There's a 2 year lock-up on the S247 stock which would need to be got around
Mr Lee has definitely done alright outta of this company from Viridas to Paternoster to here,. They’d be as well cashing in all the investments and giving us all our money back. This continual “shareholder value” nonsense has been spouted for years now and we’ve seen none.
It was a trainwreck update and I'm surprised price hasn't fallen more. May be something to do with fact it's been sold off for months now clearly leaky. To have one of their holdings go to zero might be seen as unlucky, for there to be this many failures in the reporting period is something else altogether.
You could select investments by throwing darts at a board made up of random companies and do massively better than this lot.
Philip Haydn Slater, Chairman, said:
"We are disappointed with how some of our investments have performed in recent months.
More generally, small investment companies listed on AIM have become increasingly less attractive to investors.
Perhaps Slater and Lee should consider why small investment companies listed on AIM have become increasingly less attractive to investors when they have decimated the SP at RGO while taking their fat salaries and failing PI's.
THEY are disappointed by the performance of some of the investments THEY MADE.
IF they had made better investments and stopped talking B***S*** the SP would be much higher and more attractive to investors...........
Very simple to understand really, although I find it difficult to understand why the directors of RGO cannot grasp this and blame everything else but themselves. It is the same with Lee at Mindflair (after the latest name change)
They obviously think us PI's are mugs just to pay their fat salaries for their continued failure. Indeed, we are mugs for believing their B******* in the first place.
Slater and Lee should do the decent thing and step down and hand over the running of the company to someone more competent.
Didn’t this have high profile a few years ago. won’t stop rgo, certainly won’t increase value anytime soon gla
Here’s wishing the board of directors all the best at Xmas with there pay packets. Thanks for looking after us all so well. It’s such a wonderful place to be.
That the company don’t rush out, same old same old
I am a distressed holder lok
I am aware of a distressed seller
In the Circular that I quoted from.
It's on the RGO website. 'Notice of AGM'.
Interesting, extrader. Where can I see the specifics?
Maybe.
People can be distressed any time, this move coincided with release of the AGM circular.
Correlation isn't causation, to be sure, but things may not be 'random' either.
Or simply a distressed seller?
It may have something to do with the content of the AGM notice, which includes voting on a resolution
...to allot shares in the capital of the Company and rights to subscribe for shares up to an aggregate nominal value of £25,847, representing approximately ONE THIRD [Ed.: my caps] of the nominal value of the issued ordinary share capital of the Company as at 3 November 2023........and
..to waive the normal pre-emption rights over the same amount of shares.
AFAICS
Classic case of insiders front running forthcoming bad news that the wider market is as yet unaware of.
There is large volume going through today. I won't be impressed if there is a motion to delist at the recently announced AGM. One wonders why it has been scheduled so late compared to last year
What are the board doing? Absolute silence from them and now a 5th of an extremely undervalued share is blown away into the wind. Absolute farce of a share and management are a joke. There salary will be safe
NAV is down so not that positive although more is now listed/cash so more easily valued.
Why still no AGM?
PS: You can buy through Interactive Investor