Member Info for bassman72

But apparently good that institutional investors are “giving retail investors a chance” 😆. ADVFN mods have shut down the rampers there. It doesn’t matter whether directors are in a closed period (spoiler alert - they’re not). They chucked in £20k each when the price fell. Even the pump and dumpers here have put in more than that and are well underwater. Def not a trade to follow… if anyone does have a message or note from RCFX please do share surely that would move the price more than “just one contract” etc?

Again, a lot of the text from the profit warning seems to be missing from your info. I have included it below to provide full information. If there is good news from the company I may well reinvest but compound-infused “just one contract” thoughts and prayers are not enough 😆. I believe Pedro sold up as he saw the upside coming next year?

"It has however recently become clear that the newly expanded sales team has not been able to convert a strong pipeline of leads into revenue-generating contracts at the rate expected by the board. This includes the new contracts that, as announced in the company's interim results on 17 April 2025, had been booked as anticipated revenue for FY25, but is now expected to be generated in FY26," the company added.

"The company has therefore proactively undertaken several mitigating actions, including hiring an experienced sales director together with a wider, significant organisational restructuring to provide better alignment between the sales team and its engineering and project delivery capabilities. Daniel Clark will also leave the role of COO and take a career break."

RC Fornax now expects its annual performance to be "significantly below market expectations", with revenue of no less than GBP4.0 million. "

No shorters here. Pump and dumpers well and truly caught though. Hmm who will dump first without telling the others? Spread at 14%… will be interesting to see. “Just one contract” is a bit of a wish sandwich…

Are apparently “all over this” as of yesterday, thanks to a telegram post. I dunno, seems a bit like it was planned me, though I think they wanted the share price to go the other way 😆.

What have you missed. Apart from the ramping not much! A curiously familiar-sounding poster leading the ramping on ADVFN - just joined and bought in but apparently has already booked a meeting with the company 😆. Found the account on X with all the SMA chart rubbish being regurgitated. Several posters sharing 1 paragraph of the profit warning, one of them getting shirty at people who post the whole thing. Think that’s you uptodate! Am wondering about a flutter if it goes to 10…

I mentioned if it hits 10 I might invest more. Your friends seem to have averages of 14-20. Hopefully it’ll come good but thanks to healthy updates for the company, not picking the one hopeful paragraph in a catastrophic trading update that almost collapsed the company. We need news, not rubbish about charts, “should” be back to 50 etc. Proper info as released by the company. And no, having institutional investors sell is not a good sign 😆 nor does it “give retail a chance”.

Hmm I think you are rather missing the point... and getting rather carried away! Market is closed, get some rest. Full day of ramping tomorrow!

I see no need for ad hominem attacks. What has happened is quite clear. In the spirit of sharing information, here again is the full text of the profit warning / update that was given; just giving the last paragraph isd not sufficient information for other to act on.

"RC Fornax (AIM:RCFX), the UK-based consultancy delivering high-impact engineering solutions to the defence sector's most critical platforms - accredited, in-demand, and built to scale - today provides an update on trading in respect of its financial year ending 31 August 2025 ("FY25").

On 2 June 2025, the UK Government published the Strategic Defence Review 2025 (the "Strategic Defence Review" or "SDR") which "sets a path for the next decade and beyond to transform Defence". Sixty-two recommendations were made within the SDR, and the UK Government has stated that it will implement all of these, with Sir Keir Starmer indicating that the UK will move to "war-fighting readiness".

This provides a strong backdrop for potential future demand for RC Fornax's services, and indeed, since publication of the SDR, the Company has seen a marked increase in customer engagement. Several previously dormant discussions with major contractors have resumed, and the Company is now progressing a potentially significant partnership with one of the UK's leading defence contractors. The Board is hopeful that this opportunity will deliver material value over the medium to long term.

However, whilst management had previously assessed that its diversified tier-1 and prime customer base would be resilient ahead of publication of the SDR, it is now clear that a number of existing and prospective customers have delayed or reduced their short-term spending and development activity which has negatively impacted demand for the Company's services in recent months. The Board now expects that this situation will not unwind immediately and that the impact may be sustained for the next few months while existing and potential customers assess their needs and budgets in light of the findings of the SDR.

Furthermore, during the IPO process, responsibility for the day-to-day operational control of the business, including Sales, was handed over to the Company's COO & Co-Founder, Daniel Clark. It has however recently become clear that the newly expanded Sales team has not been able to convert a strong pipeline of leads into revenue-generating contracts at the rate expected by the Board. This includes the new contracts that, as announced in the Company's interim results on 17 April 2025, had been booked as anticipated revenue for FY25, but is now expected to be generated in FY26.

HH, thanks you for your reply - the posting here is to warn unsuspecting investors of the current pump and dump that is very obviously happening here. It is a common pump and dump MO to take shares that have seriously dropped and try and exploit that low liquidity. This is a guide to how it works.

https://www.investor.gov/protect-your-investments/fraud/types-fraud/pump-and-dump-schemes

There is quite the corrolation with various posters and shares that have done this. You might recogise one or 2 from the other boards you seem to frequent.I'm afraid I don't understand the puncture repair it reference.

Again, I am all for a UK company succeeding but if it appears they are not, or wont then I am not for share manipulators exploiting that situation. Its really very clear.

Markets move on the future, and the trading update was grave in the exrteme of how bleak the future looked, hence instiutional investors selling up. Shares magazine said "Issuing a revenue or profit warning in the first year of being a listed company is a big no-no, since it damages a management team’s credibility with the market. Shares in RC Fornax more than halved to 24.5p on news results for the year ending 31 August 2025 are now expected to be ‘significantly’ below market expectations amid contract delays and a failure to convert hot leads into revenue-generating deals.".

IPO was at 32, not 50. Directors can buy, there is no reason not to. It is not a closed period. Spread even larger now and shareprice just off ATL. Noone posting here is above water. The share fell from 50 for a reason

Hi Atlee,

You are correct, it does have cash in the bank. The question is whether they will have more cash come in! The TU was basically a profitwarning. People need to be very careful here. Optimism is good, misguiding prospective investors is not, surely you agree?

"RC Fornax finds itself in a classic “jam tomorrow” scenario. The ingredients for future success seem present – a supportive macro environment (SDR), apparent customer interest, and decisive (if reactive) management action. But after today’s warning, the market will demand tangible proof that tomorrow’s jam is actually going to materialise, and that the new sales engine can reliably deliver it. The next few operational updates will be crucial."

Laura, I am simply opintin out the rest of the text in the Trading Update. People seem to be only posting one paragraph for some reason

Yeah there's an echo chamber group on twitter pumping away "that’s the test of the 9ma resistance. Now needs to clear it and test the 20ma resistance above. Then onto the .236fib 21.57p for starters. Target the gap. Octopus out. Looking good. Upside. DYOR" etc. Look familiar?

Posters thinking it was at 50 before so it will hit 50 again, you know there's a reason for the PSA "past performance is not indicative of future results", right? It fell after an awful update with institutional investors leaving in droves. I will say I'd like to see a UK company succeed, if it hits 10 again I might have a pop with some gambling money but I think its far more likely the company will run out of money before any life-saving contracts come in.

I think saying "place your bets" is a fair and honest comment! There seems to be a sudden influx of posters missing the rest of the update which gives a fuller picture (see full text below). It is unusual to expect Institutional Investors to "give retail a chance". Do you mean by selling all their shares so the price crashes and retail investors can buy the remnants?

PS "spread" means the difference between bid and ask, as shown above at 8.3. This lack of liquidity is what is exploited, as you know. The share price is down 2%

"RC Fornax PLC lost 50% of its market value on Tuesday, as the recent listing predicted an annual performance below market expectations on a slowdown in customer spend.

The provider of engineering solutions to the UK defence industry said the recent strategic defence review by the government provides "a strong backdrop for potential future demand". However, delayed and reduced spending in the short-term by its customer base has "negatively impacted demand for the company's services in recent months".

"The board now expects that this situation will not unwind immediately and that the impact may be sustained for the next few months while existing and potential customers assess their needs and budgets in light of the findings of the strategic defence review," RC Fornax said.

RC Fornax listed on February 5 at an initial public offering price of 32.5 pence per share. The stock fell 52% to 24.90p each in London on Tuesday morning to sit 20% lower than its IPO price. It came into the trading statement with a post-IPO gain of 58%, however. Shares had closed at 51.50p on Monday.

In April, RC Fornax reported half-year results. Pretax profit in the six months to February 28 rose slightly on-year to GBP561,000 from GBP520,000. Revenue improved to GBP3.8 million from GBP3.6 million.

During the IPO, responsibility for the day-to-day running of the business, sales included, was given to Chief Operating Officer Daniel Clark. Clark is also a co-founder of RC Fornax.

"It has however recently become clear that the newly expanded sales team has not been able to convert a strong pipeline of leads into revenue-generating contracts at the rate expected by the board. This includes the new contracts that, as announced in the company's interim results on 17 April 2025, had been booked as anticipated revenue for FY25, but is now expected to be generated in FY26," the company added.

"The company has therefore proactively undertaken several mitigating actions, including hiring an experienced sales director together with a wider, significant organisational restructuring to provide better alignment between the sales team and its engineering and project delivery capabilities. Daniel Clark will also leave the role of COO and take a career break."

RC Fornax now expects its annual performance to be "significantly below market expectations", with revenue of no less than GBP4.0 million. "

Is that the CEO who resigned? I seem to remember director buys to “show confidence” of about £20k the day after the collapse. Price has collapsed another 60% since then. Not terribly reassuring. Octopus investments also out I believe? I’m glad you’re happy though! Just don’t try and convince others all is well…

This company is in dire straits, SP collapsed and CEO left after disastrous trading update. It’s debatable whether RCFX should have been allowed to float. I was invested and still might be if things look up. Currently there is no good news on the horizon, and ignoring the past and present issues as well as cherry picking 1 paragraph from an otherwise catastrophic trading update is just trying to pump a current lost cause to help try and get the liquidity needed for your pump and dump friends to exit without bag holding too much. I understand people wanting to make a profit but doing so on low liquidity misdirection is a poor life choice. All current pumpers are underwater now. Don’t be fooled by director buy at 27. Not even a drop in the water. This is unlikely to go above 15 in the next 12 months. Read the trading update again as part of your research…

Oops *concerted* not converted pump and dump.

Is evidently not working. I would add that the old “why post on a share you don’t own?” Question can be easily answered by pointing out this is at least the 3rd pump and dump attempt and it is not working, however it is fair to come on here and post undone is concerned about others losing money in these attempts. Spread is 8.3%

Eermm... spread is 8.3% - pretty obvious noone wants shares!

Yeah it's ridiculous - just look at posting history and choice of stock. Every one has had a sharp fall with dreadful liquidity and huge spread. Meanwhile "friends" turn up and post rubbish about "upside" and "won't take much to blow!" meanwhile institutional investors sell out in droves which apparently is a good thing as it leaves more shares... or something.... Seems this pump and dump has failed for the 3rd time...