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SND moving and RQIH will follow
We could be about to move ,not many of those shares under 3.2p left now.
I’m fairly convinced that the remaining business which will be more like what the company looked like at end 2021 (when it had $400m reserves under management and market valued it at ~170/share) will be worth more than what the current market values it.
Last update
On the basis set out in the circular sent to shareholders on 14 December 2023 and in recent announcements, R&Q continues to work expeditiously towards achieving satisfaction of the conditions to enable that sale to take place.
R&Q continues to expect closing of that sale to occur in Q2 2024.
Itsagame,the way i read it there is something like a 95% chance of the current deals being concluded favourably and the remaining value could be worth around 42p a share.So in terms of a binary bet it is a NO BRAINER in my opinion.
I am adding as many as i can before the RNS :-)
“Reserves Under Management at year-end 2023 are circa $1 billion. This will reduce by circa $670 million following the sale of the Corporate Liabilities Joint Venture.“
Im not sure, will the remaining business (once JV and accredited is sold) as of year end, have ~$330m under management? Or is this just what’s left in Legacy and more elsewhere?
If so that last sale pretty much (-85%) completes the transferring of reserves and move to a more fee originated based model, and removal of most liabilities
Laura2022
Nice chart set up yes and looks as if the cheap shares are drying up,a fast move through 4p is very much ON.
Also a large insurance company would maybe be circling at this juncture
Toffers, i would say that if anyone here is holding stock at 25p or under when the RNS lands they will be happy,so for those who can now buy at 3p it will be like Mardi Gras in the share heavens :-)
Chart is suggesting a decent breakout is pending now.
If you look at the charts and the expectation of the news it suggested 3.5/4p should break today
Lots of big buys all yesterday
“THE” RNS could drop any day now ( not gonna be at all surprised if it’s today ) the appointment of the NEDs is the best indicator that it is either done or close to done. Regardless upon completion I see this heading back to 50p plus once completed.
GLA
I bought 10k's worth of R&Q last week. Until today it was stagnant but promising, now it looks even more promising although it's been up down up down today! It's a bit like ECR, my other little favourite, they strike gold, it will be very up!
GLA, let's hope the sale concludes, the majority of debt is paid off, and there is a return to the sp of old, especially for those currently trapped in here at quite high levels. Hoping for a roller coaster ride for us all to enjoy :)
I'm getting 3.18-3.34p now but nearly all those trades showing as sales near mid price are buys. It's basically a overhang play, clear this seller and then it's punters v mm's and you might get a nice rebound
Hubstar - very good to see your comments earlier,from someone of your standing i take note :-) and also your mention of Iofina too it looks a very decent opportunity right now.
"Yes things could be looking up here ,a realisation of the big pending event should focus the mind a little :-) and wider market stability is returning too. I have RQIH and Iofina ( IOF ) marked as two big movers this week"
One month into Q2....so chances are getting high now of an intra day RNS
If that sale confirmed RNS comes in it’s NT all the way to blue sky, and I’ll be turning the phone off and coming back a week later .
I can assure you selling price shown is buyers at 3.24 as one is mine. It’s pure buyers at present. I could be wrong but see a bounce at these levels
Nearly 2m buys v nearly 0 sales!
Something has to give and a huge leg up as supply and demand kicks in.
Shares already distressed and bounce well over due in my opinion
Crazy buying. Breakout due 100%
See my post at 08.26am here, we know there is an event pending.
1.3m volume so far today, primed .
I've added this stock to my monitor. Never heard of it. Always seems to be 3p offer no matter how many buys, maybe it's just a overhang play, clear overhang and you might get a spike.
Big movement soon judging by the chart ..very oversold
Yes things could be looking up here ,a realisation of the big pending event should focus the mind a little :-) and wider market stability is returning too.
I have RQIH and Iofina ( IOF ) marked as two big movers this week
3.39p paid, it's going to move this week.