Member Info for farhantahir

As long as you hold the dividend on the ex dividend date, you will receive the proposed dividend (unless it's cancelled).

Off topic, but good to see a fellow Scotsman on this board :). I always assumed you were from London (for obvious, name related, reasons).

I was expecting more information re. BePayd. We didn't get that (just got some generic statements). Maybe others were expecting the same?

depends what you want to achieve. Short term profit or long term profit? I still think it's undervalued at this level. BUT that's with the normal caveat that we don't know what tomorrow's results are.

ANyone else topped up? I have about 40000 shares. Thinking of topping up to 50,000 but i'm pretty overweight here....
Results are solid - in 2 or 3 years, Proactis will do well and we'll probably see quite decent returns (i'm expecting around 4-5x from current prices). My expectation for EBITDA is that it should be around £5m, which is healthy at current market cap.

Yes you are correct - that's the ultimate aim. However, float will go up when employees exercise things like options.
They've been buying back for a while and are targetting 750m in buy-backs ( I think that's the latest figure). Price is falling because of general market sentiment. SLA is an asset manager and earns revenue based on AUM - if this figure falls, it means less revenue (and profits) for SLA.
Saying that, it has a solid balance sheet. Good, IMO, for the long-term.

London Stock Exchange and Hargreaves Lansdown still have it on their respective sites. I guess it's a site error.

Topped up today - results should be good. TCV is £0.9m less than what it was for the full year to 31 July 2019. We're in a better position than last year, IMO. :).

I've topped up 10k shares. I think long term, there's considerable potential. They've re-opened online orders so should get some cash coming in.
I actually like the products, so happy to hold. At current market cap, it's a steal IMO.

Hi Scamp. Good to see you here (i'm a fellow RMG investor).
I've tried to buy 775 quids worth and can't get any shares. I can't actually buy more than 700 or so shares, but can instantly sell my full ISA holding of about 38000 shares. I've put in an order anyway. I've liked Tide for a while. Gross margins are impressive, particularly considering they have big clients who normally squeeze suppliers.

Haven't claimed to be an expert. But have you ever looked at vaccines and medicine and looked at some of the side effects? It takes time to recognise and identify these. Medication trials state that risk when you sign up.

Late reply - but I don't think they are in the hand sinitizer market. Other cleaning products, yes. But for hand soaps, their demand might be limited given their products aren't anti bacterial.

Yep there is an increased level of business. I've calculated that parcels and letters ive had delivered to my house in the past 3 weeks has resulted in about £100 in income for RM. That's with the move to WFH.

That's why the cancelled dividend confused me - was is fully necessary? I'd expect a 15p dividend next time.

If a Vaccine was made available in the next 3 months, I wouldn't accept it to be pumped inside my body. Who knows what side effects it will cause. Yes, it might make me immune to the virus, BUT it might have side effects I can't agree with.
The alternative is that something is re-purposed. That would be quicker as it should have been through testing, etc. But success will be limited.

Lombard have been here before. THey like the business. They might just see some considerable value.
What's interesting is that technically, Lombard and management could combine and take the company private. IMO.

Lombard now hold 28.92% here. They were the big buyer yesterday - i wonder who sold?

Yep - I completely agree there should be a positive impact at company level. Hopefully will result in significant share price traction (e.g. to the 5p level). Only concern would be that it's at quite a high P/E level at the moment.

That's made up of trade payables (14.47m) and other short term liabilities (1.502m). They also reported 16.298m of trade receivables and cash of over £7.7m... They clearly have sufficient short term funds to meet their liabilities. Long term should be OK also - they generate 13m odd a year in operating CF and this has been growing. BePayd should give some additional growth opportunities as it's another product offering (and will be a lifeline in the current market conditions, provided that Due Diligence is robust).

Don't see why not - debt is at 3x FCF but can, most likely, be rolled forward. It's not due until 2022 at the earliest, so i'm not that concerned - things can be sorted in 2 years.
One thing i noticed when reading the annual report - the chunky debt - the revolving facility has a nominal interest rate as: LIBOR +1.75-2.5. Does anyone know what the real interest rate is?

Interested to see what your reasoning is for a fall in the share price?