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Started: Toffeeman123, 28 Nov 2023 17:08
Last post: NorthernMuppet, 28 Nov 2023 17:24
"the Board believes that there will be no return to shareholders whether via a solvent sale of JF Renshaw or any procedure in an Administration"
RNS Admin.
Started: davey50, 31 Oct 2023 09:03
Last post: davey50, 1 Nov 2023 08:24
2p buyer late on yesterday sells for 1.65p at open, mm's ready to fleece all you quick buck chasers today.
4 mm's on L2, all of them dropping on those sales or discounted ones.
300k+ of buys full 2p offer not one move on L2, got to love manipulation. Good to see others see the value
Who's the filtered poster then :-))...cannot be Ria not enough posts lol
This is going back to 1p, look what happen to ENET now! Pump and Dump!
It's the recovery hopes that drives stocks these days. I mean if Enet can do 1500%+ on the back of that news then any small cap can motor, the mm's are again holding out for people who bought this morning to lose patience.
Started: ria20, 31 Oct 2023 16:31
Last post: ria20, 31 Oct 2023 16:31
WOW
Started: petroinvestor, 31 Oct 2023 11:16
Last post: petroinvestor, 31 Oct 2023 11:16
Looks like big sellers hovering to offload very soon.
Started: petroinvestor, 31 Oct 2023 09:48
Last post: Bloomy1976, 31 Oct 2023 09:59
You must be so much fun on a night out , is that post copied and paste , like a fu cling broken record . Sad tw at
So no mention of the current losses cash burn and low cash balances then ?
I expect traders will be selling very soon for a small profit. Newbies left holding the baby here!
Started: petroinvestor, 31 Oct 2023 09:12
Last post: petroinvestor, 31 Oct 2023 09:12
This is being pumped by the usual pump-and-dump crews. Stay away, or you will be left holding the bag!
Started: davey50, 21 Nov 2022 10:07
Last post: davey50, 31 Oct 2023 08:11
Not surprise this is flying that is a massive turnaround today. Problem is you just cannot buy any, I've tried so many times to get a quote and looks like you'll have to pay nearer 2p to get some...might be worth the risk might not I cannot decide yet
Basically a squeeze and current markets where punters will pile in blind anything up 50% for a fast buck and squeeze the price even higher. If you look at Meal that is getting delisted but punters pile into that like it's a good thing.
There was basically so little stock about that it only took a small amount of buying to get it up 30-50% then a few chasers took it up 100%+, seems to be half the battle in this market now, nobody is interested if the fundamentals are great or dire it's all about a fast buck
New to this but for obvious reasons now on radar.
6.8 million in debt and they decorate cakes. Interest at 12% and only secured for a year.
What am I missing?
double from here and i'm break even. Won't be many in a rush to sell at this price.
All I can get now is 25k at 1.7p, very illiquid and mm's not giving much away either way.
Started: hangs2left, 20 Oct 2021 18:14
Last post: uNkwnTrader, 28 Jun 2022 12:19
No interest cause the debt stinks, also put me off.
yes. The short term bottle merchants have been bought up on the ultra cheap.
Looks like just us two left :)
A bit annoying for any investor who dumped at big loss these because of potential delisting. Luckily i held.
Good news. Now bring on the share price back to 10p
Started: hangs2left, 15 Oct 2021 18:39
Last post: hangs2left, 15 Oct 2021 18:39
Is this the insolvency manager,,if so why has he and his wife bought 18% of the company?.
Last post: RedNinja, 15 Oct 2021 10:43
I believe they already had about 5%, now raised to 10%.
It's not just Downing who see value hear, but you may be locked in for a fair time.
Soneone just purchased 10%of the company,If i have read correctly
going to buy this but saw the Rns regarding Delisting voting taking place 20th October.
GLA and Dyor
Started: bigbadbob79, 14 Oct 2021 14:56
Last post: bigbadbob79, 14 Oct 2021 14:56
What's going on here then? Up 50% on nothing.
Leaky leaky? Pump & dump?
Started: barrywhit, 3 Sep 2021 13:08
Last post: learn19, 12 Oct 2021 17:04
Strange one, huge spread
I have just tried to buy £4k's worth and you can't. The best i can get is £2k.
Also one odd trade on the 6 Oct too
16:35:52 2.60 1,000,000 Buy* 26.00k O
something goin on here. Emailled and phoned them. Waste of flocking time. All of suddenly someone bought £20k's worth of shares at 1.9 pence. That person is either completely stupid or they know something. Stinks if you ask me
- Following the sale of Brighter Foods, net debt was reduced by £26.4 million.
They got 43 mill cash from sale to HUT group. Where did the rest of the cash go?
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
Started: draft, 22 Apr 2021 14:33
Last post: popes11, 22 Apr 2021 17:30
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.
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
Started: Time2Buy, 22 Apr 2021 13:16
Last post: Fourprinces, 22 Apr 2021 15:03
And someone’s mopping them up...
Oh what was yesterdays volume?
spread is unappealing though
Yup
Way north from here!
Started: barnetpeter, 22 Apr 2021 14:29
Last post: barnetpeter, 22 Apr 2021 14:30
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.
Started: draft, 13 Feb 2021 19:47
Last post: nacho2, 21 Apr 2021 20:43
I don't get the share price movements lately as results were ages ago.
Too risky for me.
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.
Started: toli, 21 Apr 2021 17:32
Last post: toli, 21 Apr 2021 17:32
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
Last post: postme, 27 Sep 2020 00:24
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.
Started: Plaintruth53, 24 Nov 2019 16:08
Last post: Plaintruth53, 24 Nov 2019 16:08
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!
Started: Plaintruth53, 16 Sep 2019 17:31
Last post: Plaintruth53, 16 Sep 2019 17:31
If the annual EBITDA is set against the annual debt interest payments, is there a rosy future¿
Started: Plaintruth53, 3 Sep 2019 21:30
Last post: Plaintruth53, 3 Sep 2019 21:30
Appears the directors have decided to pursue other interests. This must be a takeover target, apart from the debt millstone. Still, look at Thomas cook if you want despair.
Started: Plaintruth53, 28 Aug 2019 11:48
Last post: Plaintruth53, 28 Aug 2019 11:48
Doesn’t seem to be much interest here given the minimal trading status.
Started: Plaintruth53, 21 Aug 2019 20:00
Last post: Plaintruth53, 21 Aug 2019 20:00
I was being diplomatic in stating the consultancy fees!,!
Started: Plaintruth53, 21 Aug 2019 12:39
Last post: 42trader, 21 Aug 2019 19:35
Actually some of those old bod if I remember, weren’t exactly honest and fudged the books a bit.
In 2008, rgfc share price was 2p and finances were tight. A great time to buy. They were never going to go under as they had an exceptional product range and supplied all major retailers and a major retail cake manufacturer. A brilliant performance by an exceptional management team improved the business performance and the share price to 70p. Then Napier Brown was sold and the company was essentially debt free. Then the brilliant Finance Director left as did some of the other more enlightened senior managers. Sad really. Magnificent consultancy fees were paid to deserving Directors, now no longer on the board. A new innovation centre was built and people got fed up with BBC baking programmes. The rest is history. Massive debts, declining performance- look at August’s reports. Back to basics I would say. Renshaw will never disappear. It is well worth a takeover. It takes a concerted effort to take company from the position this one was in in 2014 to where we are today. I can’t profess to be happy with this sad decline.
That is what I was thinking especially with the low value of the sterling. Still, with an enterprise value at £42.4m, is Renshaw worth that amount?
The market capitalisation of this company makes it a good takeover target. Renshaw is a well established company supplying icing and colours into all the major multiples, plus bakery and foodservice outlets. Dr Oetker has deep pockets!
Someones building a stake. Too much debt though for my liking.