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Danzio ...essentially nothing , the price would be adjusted in proportion and your probability of losing money would remain just as high!

It's just the mathematical consequence of the Shares In issue almost doubling hence Inventage's holding halves. It has a short term negative psychological effect , but long term is probably a good thing , one very large holder had near control, that is no longer true. I would n't be surprised to see Inventage , sell down progressively in to a rise, holding the SP back somewhat but eventually outweighed by news of progress in USA

Todays news migrates SONG in to an investment trust . For those of you who didn't get it until now you need to be aware that what you own is now a long term investment in slow steady revenue generation . While the initial investment cycle is far from over and there is still a lot of music out there to be bought . Today signals the transformation of SONG into something suitable for long term investors like me rather than speculators. This share will now act like most IT's slow steady SP appreciation backed by a dividend flow. That's why I invested here and that's why I will hold/accumulate for hopefully a few years. There will be no further cash raises, funds will be generated by new IT units being sold so growth should be incremental rather than spectacular, but that's fine by me.

Hi Jungmana Edison research is paid for by the client ie STX, it is therefore worth taking with a large helping of salt.

It looks pretty much as though Guptas last throw of the dice has failed . Only about two and a half years after it became clear that the whole edifice was built on sand .As for SAE the SP will languish until the dust settles . There is a viable company here but it is clear that the Dec 2017 deal was one in which at the kindest SAE management were fooled by a practised con man and elected to get in to bed with him in ignorance of the fragile funding structures on which his empire was based. Whatever the outcome, it will not be good in the short term . There is a business here ,but as ever no cash no prospects. It may be that the company will be disentangled and either find another more reliable partner and/or go back to the market for further funds , either option is bad for existing holders , you will be diluted, even after stumping up more cash. . Sorry, brutal , but in my years in the markets I've seen similar situations a number of times.

Falkland I use the FT which provides the data I've been quoting but I don't know whether your broker offers these data . Many of the paid for services , Thompsons, Bloomberg, Reuters offer the numbers I don't know of free sources, sorry.

Hi notrader beta is a measure of volatility taken from historic data , its purpose is not to explain volatility merely to measure it .Some aspects of it can be worked out, eg businesses which in normal circs have stable revenues and profits , like tobacco companies. supermarkets (see TSCO at 0.7) have historically been low beta, while others with a more unpredictable cash flow eg RR, have a high beta . It tells you nothing about whether stocks will go up or down in the long term merely how strongly they reflect day to day market anxiety/optimism.

Hi guys , in my quest to add a little knowledge here to the endless witterings about SP will rise SP will fall......without much understanding , todays tip is to learn about BETA. simply put beta is a measure of the relationship between the movement in the price of an individual share and the movement in the relevant index in this case the FTSE 100 . A share with a beta of one should in theory move in a way which exactly reflects the movement in the index, ie index up 1% share goes up 1% index goes down 1% share goes down 1%.
Many of the large FTSE shares have a beta of one or less eg GSK is 0.67,SMT is 0.6, BT is 1.1 .For RR the beta is 1.7 so it will move almost twice as far as the FTSE on any given day . So how about less obsessing over daily ups and downs and more effort in learning about the factors affecting your investment. OK it's playtime, out in to the schoolyard, but no touching!!
For those lacking a sense of humour the last sentence is a joke . the definition of joke will be the next lesson.

Hi guys , a couple of things related to the GFG elephant in the room . the original takeover material has these quotes in the 17 Dec 2017 RNS
Re Uskmouth " commercial operations in 2020" Ok so I know there is an unavoidable Covid delay but you may know more than me about a likely start of ops.

and "First of a number of acquisitions", again your info might support that, but as a casual watcher here I am not aware of any.
And of course the mega coverage in the FT and the Sunday Times yesterday , and the fact that almost everything Gupta has "bought" has been with somebody else's money , and nobody seems quite sure where the money trail ends. A source I use a lot is John Hebden of Bronte Capital (partly 'cos my son live s nearby in Coogee and my grandson is at school with his kids) His latest missive suggests that a Japanese and Aussie insurance company are arguing as to who is one the hook for 1bill!!
all in all it looks like a sound business struggling for the usual reason Cash!

Hi folks as an investor here when the GFG reverse takeover took place in Dec 2017 I thought I 'd refer back t what I wrote then as a bit of context, (in the unlikely event that you want to read my comments for yourself they are available in posts between Dec 17 and Jan 2018.)
At that time the ARL (as was) SP was about 35p and the market cap~ 45m. GFG in effect purchased SUP (the Uskmouth power plant) and gave it to ARL in return for 49.9 %of the share capital. the RNS said that SUP was valued at ~£60m but did not say that that was the purchase price. The implication was that GFG were paying around £60 mill for a half share in a £ 45 mill company . The market cap of the new entity (SAE) could be assumed to be roughly £45+£60 mill ie £105 mill
As the SP was suspended. I cannot recall when the SP suspension was lifted and at what price . what I do recall is that in 2018 I had an exchange of emails with John Collingridge of the Sunday times following his first? article expressing concern about the GFG empire and i flagged up to him that SAE was minor part of the GFG empire . At that point I sold and have not re-entered since. I still believe that the tidal part of the company has excellent prospects though not so sure after all this time whether Uskmouth is ever going to bear fruit. Coming up to date i suspect that the GFG empire is in terminal collapse and that SAE will pass in to new ownership , most probably at a knock down price .

....is what's nedded here . I don't pretend to know what the SP will be at the open or the close today BUT holders should NOT be influenced by the first few paragraphs of this or any other RNS . The company will have spent days crafting text which puts the best possible light om almost unremittingly bad news . True, the macro situation is improving for the UK but not elsewhere , flying which is RR's bread and butter require both a departure and a destination . While the bulk of those destinations are off limits RR's prospects remain dim . Today's news does not lighten the gloom and some of the statements in it, speak more of hope than reality . As you may guess I have recently sold and that clearly influences my views, but when prospects are bright I say so and when they are not I feel it equally necessary to recognise that . i hope for your sakes Iam wrong , I fear I may be right.

Neil ... your clock has stopped....

when others are fearful.
I have invested here before and sold in the high twenties , for reasons detailed in posts last December , but having held a watching brief I think its ALMOST time to buy again. OCDO suffers from execution problems which arise for the only sound reason ie they are building the most efficient way to meet the growing need for home delivery , picking from warehouses rather than store . It has meant constant disappointment and capacity issues over the last few years and that may continue , there is also the lingering fear of the patent dispute . So why buy now or soon?
Well, I am convinced that the ill wind of Covid has changed the world permanently in retail and office working , more home deliveries, more time at home to receive them, more people realising that life should not be an endless round of work and weekend grocery shopping . OCDO are obviously positioned to benefit and will, this year or next, begin to see the benefits of that . Remember Amazon spent a decade running huge losses to get to where they are now (speaking as a guy who bought at $75 and sold at $2000 but sadly only in low double figures of shares!!)
The Nasdaq rout may well persist for a while and OCDO and other techs will be blasted, BUT , the underlying logic remains , no matter how much of a negative reaction we see and how long it lasts , I am in no doubt that AMZN , AAPL, CSCO, MSFT, ACN , V and SE , my major US holdings will be well above todays prices in the future, as will OCDO
While on any rational basis OCDO is overpriced and in this I agree with the cautious posts this morning , I buy with time horizon of years and expect to hold indefinitely . On that basis I will start to progressively buy here, happy to accumulate as long as levels stay at or below current and wish all LTH's good luck.

I' m with II ,got my 1 for 17' s but no excess yet , that may be 'cos I asked for a lot and they've filled from smallest up .Yesterday and today's SP movement augurs well ,not much quick turnover of "15p" shares, and holding comfortably above offer price so medium term looks good for SP stability .

Just to make it clear.
Those who applied for and had funds in place will get ALL of their 1 for 17 allocation.
Any who, like me, applied for excess shares and had funds in place MAY get some, or maybe all if your bid was modest, depending on the method of allocation and number of "spares"
The circular does not offer any clues as to how many shares are available nor how they will choose to allocate , but its a reasonable guess that if you get any it will be a small (<20?) percentage of your bid.
Despite the usual grumbles the fact that the placing was completed without hitch and the pi's were clamouring for more , means that downward pressure on the SP will be limited. today will probably show a few taking a quick profit and as I suggested a minor wobble, but unless you are a massive holder the sums in question are hardly worth the effort. The really positive news is the significant additional funds , the financial stability it brings and the path to major sales of a series of in -demand products

Andle .. the bad news for the SP is now all in the open so the likelihood of big falls (excepting some fresh bad news )is slim . The placing was, as they always are , agreed in principle before the RNS and it's success despite the heavy discount is positive for STX , I will now add, as the loss of offer rights is negligible in the grand scheme of things , representing less than 5% gain to long term holders . anyone purchasing now is buying stock at 20% less than the pre offer price and with much stronger hopes for the future. IMV these actions have improved the company's long term profit prospect significantly . . The obvious next major moment with significant SP implications is a launch in the USA .

Anyone who didn't see this coming hasn't been paying attention(see this from my post here on 17 Dec last)

"This has become a high risk , long term reward stock, I hold a few but am unlikely to add , at least until the terms of the fund raising are clear."
Those terms are now clear :
The 44% discount is large and that is no doubt the best deal that the company could get from current or potential investors.
That the directors and staff are going to take up the subscription is a positive.
The placing is not underwritten and closes at close of business today . Whether it is taken up in full , or nearly so is crucial .
The open offer to existing PI's makes another 14 mill shares available , so the whole package if fully implemented will almost double the shares in issue to~213 mill

I will , if the placing goes well ,buy tomorrow and take up my relatively few OO shares.
Despite the chaos of the last year or so I still think there is a lucrative market for the product and a viable company here.
NOTE all above are quick and rough calcs. which I will refine during the course of the day, feel free to correct ,amplify, argue against as needed.

Skid
re your last sentence it's not true that small shareholder have been shafted. The reality is that the £10 mill is a firm commitment , KMK will have talked to those buyers and have at least an informal assurance more probably a promise that they will cough up the £10mill . The offer to small shareholder is by it's nature les predictable , had some taken fright , sold and driven down the SP to 14p would you really but more at 15p?
The company needs as far as possible to protect the SP and this package demonstrably has done that . It suggests that finance and accounting are now better manged than in the recent past and that augurs well for the future. As i regularly state ,managing the cash and financial profile is almost more crucial than doing the research and development.

Neil..WADR I think your assumptions are a little simplistic . The fact of an additional £13mill in cash however deployed adds to the companies liquidity position . Most company failures are not product failure or market share , they are as a result of poor cash management . the old adage "sales are vanity profit is sanity but cash is king" still applies

The key points at which the SP might drop in an OO situation are :
First on the Ex- entitlement date (15 feb) , ie the time at which future buyers lose the right to the additional cheaper shares and
Second the admission date for the new shares (2 Mar)because of the possibility of holder turning a quick profit.
The first date passed with no noticeable impact on the SP and, as the "new" shares will constitute only about 20% of the increase total and the price difference is going to be only a few pence I don't think there will be mass selling.
perhaps a little wobble on the morning of the second but soon recovered . .The recent stability of the SP is a very good sign.