A Lesson Learnt....18 Feb 2015 15:28
I was feeling lucky after I made a quick profit on the RML floatation last year. I wish i had done my research properly before hand (I hear you DYOR!!). If i had read the prospectus properly, i would have seen that the Company didnt make any money last year (£6M loss), is massively in debt.. (£316M) and a MCap of only £302M. Doesn't sound like a good place to start expanding, sounds more like trying desperately to grab some money before they sink. My stop loss is about to be hit and good riddance to this one.