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Yes Mark
The price is due to breakout this week amd this has been coupled with block buying all week ...
There has been NO holdings RNSs ďeapite 60% institutional holdings
In fact only one since Feb has been a USA fund increasing
This is really not a hard one to invest in or even trade over the medium term.
Buy now or hopefully you’ve already bought sub 3p and wait until the deal is done 🤷♂️ if you’ve crunched the numbers then it’s easy enough to see a route back to the placing price ( 60p ) once this has happened.
That's really kind mropz
Lets face it the legacy business continues to make loses when will that stop ?
It has to start moving before the end of week if these volumes continue,anything offered just under or just over 3p is gone quicker than a popsicle in the sahara lol ,one day rodders one day :-)
*RQ has had a relatively huge interest since when it’s normally Trading less than 250k a day.
Another >5m volume day, about 30m volume churned since the latest drop in 8 trading days.
RQ has had a relatively huge interest since when it’s normally
Laura2022 definitely isn't a ramper. If you look at past comments, they're generally well thought out, based on facts imparted in RNS's etc, non-provocative and usually make good sense (unlike others posting on here).
These past comments/recommendations demonstrate a good understanding of potential upcoming opportunities and value investing and the success they can deliver.
They said the same on SND at 3p (now 4.5p)
Ignore the doomsters
When we get lift off, this will fly, not long to wait :)
Plenty of tears spilt over this one, only gamble with cash you are happy to LOSE !
Problem is every time it's poised to move somebody sells and others follow. People are like buying for 3p and selling for 2.9-3p through impatient. If everybody stood their ground and held it would be 4p now then more join the momentum and it quickly becomes 5p and the rest...well you know. Also people should test buy limits. People like buying 300k+ at 3.17+ when if they split the trade they can get most if not all for 3p..why throw away £500
Suddenly little stock around,has an RNS been logged ?
We on the move !
Laura,it should be around 40p to 50p region,so to buy at this level is shall we say XMAS come early :-) the Rns could land anytime now they said during Q2.
Equivalent of 50p+
Just added a few more,looking like a nice breakout coming IMO
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