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C&P from ADVFN post....
Rosenblatt are also scheduled to appear at 11.30 on the April Mello Results Roadshow which features about 15 companies next Tuesday so I am sure that you will all have an opportunity to join that one with Q&A and it is a free to attend show throughout the day. You do need to register....
Https://melloevents.com/tuesday-27th-april-2021/
If you'd hung on you'd have been at 107% profit today. It's still a nice return you've secured but I'm guessing the funds have been ploughed into something else that also can either go up or down. I'm thinking this can bag a number of times again from here with continued strong momentum from RBL, a good deal flow from Convex and then those profits being further compounded by Lionfish. Then there's also the significant fee earning potential of the historic contingent RBL cases due soon, possibly worth not far off today's market cap alone. These haven't been mentioned by IC or the house broker. I look forward to the results due next week and are hopefull of future earning upgrades from market commentators. Hopefully Nicky can surpass her last achievement of 8 bags before any retirement!
Ah thanks I knew it must have been tipped somewhere as it was marked up first thing followed by a flurry of buys. Tips are normally my cue to sell as I did this time at 101 as they normally retrace afterwards giving me a chance to buy back in cheaper. Thats the plan anyway, either way a nigh on 80% profit from my buy in at 56p is not to be sneezed at
Why I am invested in RBG Holdings
I bought my first batch of RBG Holdings in January and I have an average of 72p. Currently I am up about 40%.
This was another share on my watch list. I have many shares on my watch list, but I only invest after I have done extensive research. I do unfortunately attract a few trolls.
I now only invest in top 350 shares basically for the dividends and potential capital growth and I have stated recently that I am only now in two AIM companies (My Italian Company an Investment Company that has £5 million cash and no debt and £5 million of other assets) but as you will note RBG is AIM. I obviously had not removed this share from my watch list and fortunately for me it remained on it.
You will not obtain the correct dividend information from HL as they indicate last dividend was paid last June but I received a dividend of 3p last month and my current yield is 4.17% but with a capital gain in only two months of 40% I am pleased I retained RBG on my watch list.
If you were to read just a few of the recent RNS communications, then you may discover why I believe that I will achieve a 100% capital gain this year.
RKB
https://www.investorschronicle.co.uk/ideas/2021/03/30/priced-for-a-profitable-outcome/
Decided to sell my holding in RBGP today. I like the management and think upside from the Rosenblatt litigation funding remains but timing for the large cases is likely to be 2022 or 2023. LionFish is an interesting start-up but will take time and capital to scale. In the meantime, valuation has converged to the rest of the listed legal sector which wasn't the case when trading at 56p. I'm happy to bank my profits and should the company share price fall again due to market related weakness, I would look to re-enter sub 70p.
Well Ive taken 75% profit in less than 2 months. Think theres every reason for positive trading to continue but just taking a few profits with markets in US looking a little toppy maybe?
Whoever Forensic is I hope for everyones sake he continues posting negativity, as its been great for the share price.
who knows who Forensic505 might be but despite implying it knows me ,it clearly doesn't because so much , almost everything , that is stated as fact is, untrue .If Forensic505 was really interested in the Company it might make direct contact and discover some real information rather than publishing false and defamatory statements. As you might if it is going to continue to make gratuitously offensive comments then steps will have to be taken to block its chat. If it has a personal issue with any individual at Rosenblatt then be brave and get in touch
Hurting from losing more money in MANO? How much is it now? Perhaps you should seek that professional fund manager?
Jammy
You are joking right? If you think that constitutes anything close to a coherent business plan with a serious business manager then you should seriously give up investing on your own account and hand your savings to a professional fund manager. I am doing you a real kindness here.
https://www.investormeetcompany.com/investor/meeting/introduction-to-litigation-finance
I suggest others watch the presentation for themselves and do their own research but it has been stated clearly numerous times the 1m was a one off, but again why let facts get in the way of your agenda?!?
Hi Jammy,
Rosenblatt - who I dealt with a lot in my working days, is very highly dependant on Ian Rosenblatt. He has fantastic connections but the caseflow is very dependant upon his shoulders. Which is presumably why he can keep demanding £1m pay-offs despite selling his business.
Convex has missed all targets and they are being paid on an eat what you kill basis. Strange as similar business in K3C seems to be doing really well.
I did some background on Tets Ishikawa. Most famous in the City for strip bars, recreational drugs and fast cars. He did a book on it apparently. He then tried setting up a number of litigation funding businesses, all of which failed e.g. Sparkle didnt shine too brightly. Watching the video today the CEO ended up admitting at the end that they are really just "seeding" Lionfish. Doesnt sound like she has much belief in it anymore. It wont be in the "group" in 24 months time, closed or quietly shuffled off.
The CEO is daughter of racing driver. He owned Brands Hatch and gave it to her.
You should do some research yourself, amazing what you can find.
Forensic (or not so)... Do Mano have any lunch of their own to eat at the moment with an extension to government measures?
You ask the question regarding why not just invest in Burford but you forget that Lionfish is just one component of the group. At the core is RBL, who have shown impressive YoY growth for a number of years and also Convex, who should show impressive growth from an upturn in M&A activity. This is a diversified, high margin group of businesses with a number of cost synergies.
A very good presentation in my opinion. It was the first time that I had heard Tets speak. Should anyone want to watch it can be found here:
https://www.investormeetcompany.com/investor/meeting/introduction-to-litigation-finance
Just watched their presentation on Litigation Funding.
They have obviously tried and failed to "eat Manolete's lunch" and admitted they cannot replicate that model. They now seem to be aiming at the small end of of Burford's market. That is an incredibly difficult space - see their own slide on Augusta (the number 1 player in that segment in the UK), they have been working that area for 4-5 years now and are still heavily loss making. Litigation is a long tail and expensive game - you need a big balance sheet and tonnes of cash, like Burford (who are the real masters of the global litigation market). So why not just invest in Burford if you want exposure ?
The slide deck and others from the CMD earlier today can be found here:
https://www.rbgholdings.co.uk/investor-relations/reports-documents-and-circulars/
Excellent presentation, all sounds very healthy going forward.
Will be available to view on Shares website in about a week.
I listened to Nicola's presentation which was impressive. I liked the question which said the litigation cases RBG ran would show their share of the profits on the cases at around £70 million over the next couple of years, which just wasn't reflected in the share price. Also the very relevant point that with CGT almost certainly going up their corporate floatation business was extremely busy. Paying out 60% of their profits the full year dividend in 2021 will be very healthy. I look forward to the next presentation at 10 a.m. on March 3rd.
https://twitter.com/ShareTalkNews/status/1364557550868451329?s=20
https://www.share-talk.com/nicola-foulston-group-ceo-of-rbg-holdings-plc-rbgp-l-interview/
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-webinar-240221
I'm very pro and have a large holding so may be somewhat biased. For holders/potential new investors I see there is a great opportunity on Monday to see an appraisal/critique of the investment case here via Mello's BASH. I C&P what was posted on another forum and fully recommended the experience having signed up for a previous event:
Just to let shareholders know that we will be featuring RBG Holdings in the #MelloMonday show this coming Monday evening In the MelloBASH (Buy, Avoid, Sell or Hold) panel session. We have a very good panel of analysts and professional investors
Https://melloevents.com/mellomonday-8th-february-2021/
Tickets are still available and if you would like one at half price then enter the code MMTADVFN50
Here is the full programme as it is nearly a four hour show...
Programme
6 pm Mello News
6.10 pm Aquis Exchange PLC - AQSE: new opportunities
6.30 pm Interview with Sir* David Hornsby from Ideagen ... *If only Mello investors awarded knighthoods!?
7.00 pm Company presentation by Adept Technology Group
7.30 pm Trading update and meet the new CEO of SCS, Steve Carson
7.55 pm Gamechanger - Join us on Tuesday at 2 pm for a follow up and more in-depth presentation by our Gamechanger
8.15 pm Vectorvest - Low risk investing for consistent growth and income
8.45 pm Mello BASH, including Paul Scott, Alan Charlton, Kevin Taylor and Bruce Packard. Companies which may be analysed include Bank of Georgia (BGEO), Xpediator (XPD), RBG Holdings (RBGP)
I have to agree with you there Forensic. Very refreshing and good to see management who are transparent, appear conservative in their accounting, and are aligned with PI's. Nicky comes across as being particularly commercially savvy and owns 13.5% of the group. Ian Rossenblatt has just shy of 20% and Mike Driver, CEO of Convex, 2.7%.
CVB: fully agree the openness and clarity of CEO and CFO was again very welcome. Not the first time I have said that re RBGP. I think we are all grown up enough to appreciate running any business is very difficult in these extraordinary times. So honesty is very welcome. GL.