Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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He is the founder of redwood and main share holder and founder of mode/r8 him and family - close friends.
At 2mil market cap all current holders and this level will do well and if they don't I would be amazed. Given the tweets that are about all have been confirmed apart from one. He retweeted(x,d) a post saying he was called a genius when the share price went up over 20x .. all other post were silent hints like this. Redwood bank like a post about rto of mode etc. The crumbs of knowledge we have lead to expectations of something good how good time will tell
From what I see he has a foot in both businesses.
If he can 'sell' the retail bank that delivers c.£2-3m in profit annually for £50m of fresh cash and reduce his exposure that is a win for him. Probably still a loss overall but he gets some exit liquidity.
Plus Redwood banks rough valuation is close to 200million so far exceeds the minimum 50million :) either way i think anyone in these ranges of share prices will do VERY well, i hope all long term holders manage to get there original stack back as i know alot are holding from 50p plus .......
Its nice knowing that this one isn't on AIM Garonne, its main market!
The main point is JR is currently the biggest loser in mode/r8 and he will be the biggest winner also, do you really think he is going to sc8w himself? He is down like 40mil in mode in theory
I agree with all of this
I don't follow the sentiment here, we are not being purchased for +£50m, we are going to make the purchase and therefore need to raise the debt/cash via shareholder investment/dilution?
I see the below as likely:
- An existing shareholder placing
- Bringing in additional shareholders
Small banks are after capital and this could be a way to help Redwood. Longer term the bank could grow but I am not 100% convinced there is a big win on the table yet. I hope I am proved wrong and we are all in for a 20-25x.
GLA
I've learned the hard way never to count ones' chickens prematurely in this game, especially on AIM. Let's hope though that this time it's for real and us humble PIs finally get to enjoy being part of a successful investment story. It doesn't happen that often these days.
Hopefully not too long to relisting, I'm rather excited :)
All looking great so far
Think everything really is just a educated guess ?
So a complete guess then.. ;)
2mil market cap, redwood 200mil rough valuation.... I suspect r8 will get a good share deal for the rto being JR benefits the most
Genuine question - where do you get 20x current share price from?
I'll go for a 20x bagger for holders at this level. Was always a lotto play here and it's came off
Ps I am very over optimistic as always
All vary exciting anyone any ideas what this could relist at when it comes out of suspension.How long before it relist ?
Assets I meant
Good reading very positive total sets of 540 million …..
My first buy in was 50+p but averaged down ALOT
what always made me want to was JR is never going to 3crew over himself
I had totally written this position off when over 97% down at the start of the year, and pretty much for the 6 months or so before then. Only held on to use losses against any capital gains for this tax year.
If I can recoup anything more than the current value that will be a real bonus for me.
Sure many will be in a similar situation.
Good luck to those that bought in at the low levels of the past 8 months or so
There is going to be significant dilution - I think the 2 motions passed at AGM allow for about 10% dilution, and now a £20million raise on top of that. On the other hand, though, Redwood might end up being worth a lot more than £50million, some here have suggested up to £200million.
25 bagger then?
Today's 2nd RNS puts some meat on the bones:
The board of directors of R8 is pleased to announce that it has signed heads of terms ("Heads of Terms") with Redwood Financial Partners Limited ("RFPL") which set out the key terms for the proposed acquisition of the entire issued share capital of RFPL (the "Acquisition"). RFPL is the parent company of Redwood Bank Limited, a specialist business bank (the "Bank"). The Acquisition will be conditional, inter alia, on approval being received from both the FCA and PRA.
Although the consideration payable by the Company to the shareholders of RFPL has not yet been determined and is subject to legal and financial due diligence, it is anticipated that it will be in excess of £50 million. The consideration will be satisfied entirely by the issue of new R8 shares. The Company also announces that it intends to carry out a contemporaneous fundraising to be contributed to the Bank as tier 1 regulatory capital.
Hopefully this turns out nicely for us all. I would like to treat myself for Christmas 😉
Good news , sit and wait . DISH next .