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Could be due to this valuation..
https://assets-us-01.kc-usercontent.com/8c961317-6aee-00a7-e4b6-ae38cd847d2d/28cbb15e-1c16-4777-9292-7d9a2f8148ba/DSM3064_Downing%20Strategic%20Micro-Cap%20Investment%20Trust_Investor%20Letter_Aug%202021.pdf
By friday this is going to be a busy forum. Think this share went a bit too cheap. Be interesting to see how these fare
Draft. Looks like your not allowed to flow with the investment news at risk of somebody trawling through your posting history.
I remember looking at these during the last big crash in 2008. About 2p at the time. One of those shares that you regret not sticking a few quid into and forgetting about. Gave it a go this time see what happens.
YES THAT WAS IN FEBRUARY. dont u look at the date.
And someone’s mopping them up...
Oh what was yesterdays volume?
What happened to your barge poll
draft Premium Member
Posts: 22,864
Price: 3.50
No Opinion
its a wipe out13 Feb '21
The net debt at the end of FY20 stood at £45.4m versus £35.7m in FY19, this is
predominantly shareholder loans of which £12.3m is in the form of convertible loan notes.
lol and look at the mcap, this is fooked, would not touch with a bargepole. only Premier foods might offer to buy but debt is huge and a made a 20mill loss. I think they would be nuts to buy this, its a no from me.
jumped in cuz u never know premier foods or someone turns up to take out the cake decoration side. 2 valued brands left
But you never so. Not exactly a long term buy!
After the sale the company will have approx £24 million in debt and loans plus possibly more to pay in pension deficit. They will have two properties and two cake makers and £ 3 million in cash. That is much better than before and they may at some stage be able to get out at zero....but I see little here for shareholders. Been in this before and managed to bail for a small loss....its not exactly a must buy. Could end up as a shell but with no assets and tons of losses so may be attractive to some one. A punt stock now but miracle if anyone makes much out of this dawg.
spread is unappealing though
Yup
Way north from here!
Valued at £3m with £40m debt and pension issues, first halved second sorted in short term. What’s the value now...
Meant, the spread is NOT really a help
Good move by the company. Given the margin that’s money that was never taken into account v the MC
Indeed, but broker for Mr Rendell is still off-loading 3 Mil shares, and they're not being absorbed fast enough. The spread is also really a help.
This is a crazy price now
I don't get the share price movements lately as results were ages ago.
Too risky for me.
Wonderful chance to get into this excellent quality rebound play.
it will have improved margins and with the non essential shops open it will fly high
The net debt at the end of FY20 stood at £45.4m versus £35.7m in FY19, this is
predominantly shareholder loans of which £12.3m is in the form of convertible loan notes.
lol and look at the mcap, this is fooked, would not touch with a bargepole. only Premier foods might offer to buy but debt is huge and a made a 20mill loss. I think they would be nuts to buy this, its a no from me.
I tink there is an opportunity here, home baking has exploded over the last month..this has got to be good for the lot
Results have improved greatly but the company is still loss making by £2.5m.
You could buy the company for £6.6m but that would then cost you an additional £40m in debt. It's going to take a few years to clear the debt if RGD do become profitable.
finncap have set a target price of 7.5p.
I see this iconic building on the Wavertree business park is up for sale for £1m. Think it was only built about 4 years ago. Not a good sign. The coffers must not be full!
If the annual EBITDA is set against the annual debt interest payments, is there a rosy future¿