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This too shall pass.
"Will move quick and likely on some news......". It did that all right!
Good riddance.
Confirmation that Nicola Foulston has sold up entirely...
https://www.rbgholdings.co.uk/investor-relations/shareholder-information/ - "* 8.93% of these shares are held by Cascades Limited. Cascades Limited is ultimately owned by the trustee of “The Foulston Family Trust” a trust of which Nicola Foulston is a beneficiary. The remaining 0.51% shares are held by the Trustee of Nicola’s Foulston Self-Invested Personal Pension Scheme."
Good news. Strange to see this down 3% on the TR1?
Great to see this bounce. Cleared the sellers, huge volume and see this bouncing materially from here! Will move quick and likely on some news......
Yes has reached the bottom and yesterday the overhang had been cleared, and now on the bounce back strongly
WOW - Humongous volume today. Turnaround time (barring a savage profit warning...)
Probably a question that's been asked many times over the last couple of years, but has this now passed its lowest point?
Taken a small stake in the belief that it may have, or at least is near to it. They've given a projected 4.8p 2023 dividend to Progressive Equity for their research note just published, surely with some degree of confidence that they can achieve that. If so, yield down at this price makes them look almost ridiculously attractive.
Other law firms also up, Eg Knights +12% but they and RBG and DWF all down 75% from highs.
Sorry, but who is DWF?
Rumour that DWF is going private so probably a read across to this....
?
Is this company going out of business, cus the share price.. dayyyum!
The drop doesn't really make sense to me. I am still sceptical that Foulston would sell shares this low (clearly she does not need the money). Its not 100% clear if she has sold any. As for the legal action - crazy. Grow up all of involved.
She is suing current bod for unfair dismissal. She had 12.45% and assuming that 8.45% was bought off her, that would have left her with 4% which should not take too long to clear. But I guess some private investors have sold today as well as BOD needed to inform market of this.
Yes this could be the Nicola F effect but also I think there may be a lot of unutilised hours re chargeable staff up in Manchester as the transactions work may not be as voluminous as they would like. Might be wrong, if I am then this is a bloody bargain at this SP IMO and could easily double from here. The SP went mid 50s after the last update which was not that long ago!
Let us not lose sight of some facts:
RBGP Revenue Pre-tax Profit
31-Dec-21 £42.0 million £5.7 million
31-Dec-22 £50.3 million £9.7 million
Current share price to book value? 0.4
Nicola Foulston is slowly dumping her stake, pure and simple ... "Hell hath no fury like a woman scorned."
This was her appointment in 3rd Jan. Wonder if the issue is that she was appointed by the old CEO? Reading further down CFO doers not sound like someone who normally would take a sabbatical, but you never know it may be genuine.
Nicola Foulston, Group CEO, RBG said: "Suzanne has been hugely impressive since joining the team three years ago. I am delighted she has agreed to join the Board having been the Group's Finance Director for the past year. She will support me as we concentrate the Group on our Professional Services business and create value for shareholders.
....but looks forward to her return after her sabbatical. Could argue the timing's not great but hardly the disaster you suggest.
Game over. Take what you can.
This still looks priced for bad news so the lack of any bad news and confirmation that they're still looking to deliver the sale of LionFish is a positive in my book. I keep adding small amounts at this level in the hope that the share price will one day reflect fundamentals.
Still looks like great fundamentals and anyway why would she sell at this price if she didn't have to? Who Knows...Watch this space?
Great time to dip your BIG toe in again!
Looks like the big seller has finished selling, you can't buy large quantities any more
Well that post looks rather misplaced now!! We now know of course that it was the previous CEO selling, as per DavidYli's post.
As for Candidinvestor, you should realise not all are candid, especially so on ADVFN. QuePassa is no friend and has had an axe to grind since the IPO. If you really have sold on that piece and you are candid, I pity you