Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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RBN’s share price has fallen by double digits today but it seems rather unjustified and so this looks like a decent buying opportunity. The BoD said the year ahead looks challenging but (thanks to the madrox acquisition) there should still be earnings growth. Being conservative and predicting earnings remain flat (and stripping out exceptional profits last year) still gives an P/E ratio of 11 and EV/EBIT ratio of 9.2 – both very undemanding; and the TNW is 80% / 120.6p of the share price, providing a good margin of safety. So, all in all, the market has treated their RNS today very harshly in my opinion. If it reaches 140p or less I’ll be super tempted to buy in!
http://boards.fool.co.uk/a-not-too-scary-end-to-2014--13143308.aspx?sort=whole
Good to see the share price beginning to make up some of the recent lost ground. Looking forward to the next company update.
so
recovering? ...
cheap if "trends as we begin the second half indicate some improvement and, if sustained, we expect to show growth in sales in the underlying business by the end of this year." & madrox integrates well
need to look into this again. Results weren't as bad as first thought and could be a great chance to buy into the weakness for a LT hold
rbn is a good LT play imv...so anywhere between 1/4 - 3/4 in here @c£2 makes sense imv ...the 2q figures were weak.. and I don't know enough about the competitive space or rbn's negotiating power (in Porter Framework type analysis ...versus the struggling supermarkets, say) to flip back now ...but I will almost certainly flip back later this year... and then add more than my 3k max holding so far ...I would estimate I am only 15-20% fully loaded here with a modest 1350 shares.....measured relative to my other major holdings (c£15-20k). .....I had always hoped to add more in retraces to 80-90p & then 120-150p regions earlier..and the sp never allowed me to do more than play catch up ...even now I'd be surprised by major retrace...unless market position is weak and profitability squeezed more and/or acquisition doesn't bed down well
Took a lesson from you jolly and flipped 100% out at 225, bought 3/4 back at 205 today, happy with that. Madrox is the key
yep...and somewhat Clintonesque "1H fine" to disguise it.. ...I'm not flippin back in the half I sold @230 & 240...not yet
has looked at the figures and pointed out that 1) profits have only fallen 10% when you factor in this and that. 2) the madrox deal occured 5 days prior to the interims and so the earnings-enhancing effect of that hasn't come in yet. The prospective PE ratio is a little over 10 so Paul likes the look of RBN at this price ....but the poor Q2 trading has spooked him out of buying. For that reason RBN remains on his watchlist (and mine) but nothing more. http://www.stockopedia.com/content/small-cap-value-report-20-aug-2014-rbn-egs-hvn-85511/
I werent expecting that but that's profit warnings for you (again unexpected)
shares or hamburgers...it is the only way on AIM imv
I am learning that flipping is the best policy and has been the source of my only profits this year!!!!
it seems...so I'll be looking to flip back in (plus more) at some point
market correction set to continue for now and rbn heading for sub 220?
sensible plan...rbn is sooo good... ,,just fancy fluttering on some of the many dodgy AIM shares if there is a decent market correction
my strategy is to stick it out and buy more if this falls, a lot of decent money came into this a few months ago and if things go well with madrox can see this pushing £3.00 later in year, although markets are looking a bit dodgy at the moment and might present a few bargains. we will see...
just cos market correction seems upon us
for that
yes waiting for low 220's , looks good for that.
drift back to halfway...so 220?
keep pushing your doing so well!!
so when to flip lol?
"The Only Way is Up" ...a new funky DJ with retro roots in the New Romantic movement of the early 1980s