We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
lego - I averaged down but the potential for dilution here is quite disturbing. Even if they sell off non-performing divisions and are left with a profitable division a conversion of shares that is x 2 the current amount in issue doesn't feel like it will help.
Tempted to get your average down? I wouldn’t do it personally. Too high a risk and there are better shares out there that will give a return without the risk of going belly up. But the choice is yours to make, for better or worse. Gl
i am still temped to buy more. But then I had a lot of Marconi shares see time ago !
Sack the lot of em, utterly useless
More bad news on the way as 21% down today. Has a habit this share of leaking news.
Not necessarily the correct thing to do. But, I have taken up my share allocation and brought a few more shares.
Time for a sharp exit whist the door is still open.......Whilst previous director/s left under a cloud of fees, nothing I have seen since gives any confidence for the future. Been here before.
A very hard choice for investors here. The company needs the money but a return on capital is likely to be a way off. The sp is not likely to turn around until it is proven the company has turned around. This latest funding should of been done withe the previous one where pis were left out. It shows a lack of competence to predict their finances. Just looking back at the last 8 months on RNS trading updates and the company has gone from predicting an EBITDA of 6.5 million pounds for Y/E March 2018 back on 20/09/17 to 3.5m loss on 31/01/18. Since then RGD have finished that year but no announcement of figures have been released yet. My guessing is there could be more bad news in the results to come once the funding is sorted out. Ofc, I could be completely wrong, and it is up to individuals to decide what to do. If I was a holder I would be putting these in the bottom draw and come back in a year to have a look.
Sadly it is getting very close and now looks like this latest call for cash was leaked, hence the drop in sp today before this RNS. The prediction was not too hard to predict though as I have seen too many times the sp drop to below the conversion price in other companies. Also when statements are released saying loss for the year, financing needed to keep the business trading and poor corporate governance and controls then it is obvious that the company is going to take a long time to recover and the sp will fall. But, the new directors are making changes, selling of Garrets and the Napier a few years earlier are good moves, removing the dead wood. It is very possible a change around could well happen. A lower price is still to come I think though.
Good prediction legobrickgirl it's at 6p now
I used to like this company but amazing how it has all changed. A wild guess at future sp but I wouldn’t be surprised to see it drop to 5p over the coming year.
Real Good Food; Real bad share price. Broke support at 23. Today 15p. Ouch for the bulls as it could head down to 8.5p.
20.5p, did you get your buy? I'm personally waiting for a lot lower now. Whether it happens or not who knows but I'd say there would be a good chance of it drifting lower until a day where some good news comes out.
Now predicting a loss, but there is potentially a good business . If the new BOD get their governance correct and cost cutting measures right it will help. then they have to work on margins, all importers are suffering from exchange rates and will have to increase prices. Get to buy at 20.5 and I'll have a punt then
A lovely tale to wake up to today. Great post rationalisation by main shareholders who treat the business as a private kingdom where they can act as they like. The very idea that consultancy payments were acceptable is a joke. But to keep potential investors from knowing is .... more than an error! I still maintain that HMRC should challenge the use of consultancy payments for a paid employee who should be acting in the company's best interest at all times. As for Mr Ridgewell - time to do the honourable thing and leave with your dodgy friends.
Major investment into two of its plants to boost capacity at Renshaw’s Crown Street site in Liverpool and Haydens in Devizes and acquiring a controlling stake in Welsh healthy snack bar maker Brighter Foods will benefit going forward. Major shareholders, NB Ingredients Ltd, Omnicane International Investors Ltd, and certain funds managed by Downing LLP have confirmed they will provide additional funds if need for working capital.
Non-executive Company doctor Hugh Cawley, an accountant, he has worked on a number of businesses facing a major strategic challenge, with spells previously at S Daniels, Dawson Holdings, office2office and, most recently, Progility and Driver Group.
New finance director and company secretary Harveen Rai has twenty years experience in consumer goods businesses and was previously chief financial officer at bakery giant Arzyta UK Holdings Ltd, where she was involved in implementing and streamlining the processes and controls of the company.
As expected new FD finds additional adjustments to be made on inter company trading.. EBITDA now down to 1 million pounds (was 2 million at start of August for year end results) Positive is Investors will provide additional funds. I was tempted to buy back at 21.2p this morning but held back....Potentially this has good potential to be a good business, but need to make some profit. Suspect price will drift a bit lower before FY results on 29 Sept. May yet buy some at the right price!
I can't see you regretting your sale. This is an unprofitable crock that has never delivered any real return on investment, and is now getting the begging bowl out to its investors. Much lower share price coming IMO
Sold mine. Nice 24% rise in 2 weeks and probably should hold for longer, but new FD starts today and may u cover more "nasties" (kitchen sink as much stuff as possible to give clean start) Will see what next RNS brings. Good potential long term though. Gla Rich
up another 6%
Is a possibility
Slowly recovering...a lot of business here
bought in myself. Quite fancy this given a year.