Member Info for legobrickgirl

So David Dinwoodie works for A Black then gets made CEO of hyr. Sells Aus plant to A Black then steps down and goes back to working for just A Black again.

Shocking results imo. As usual there has been lack of info throughout the year.
What has happened between hyr and G&S? I thought they were increasing feed stock but now we hear they have fallen out.
Selling Aus plant to A Black was a joke. Kept quiet until the sale was agreed. Another part of the business he has picked up cheaply. Just a matter of time before he owns the whole business and I bet it will be profit making within a year of him owning it.
So there is enough cash for another year with the additional loan from Mr Black. No way do I believe now that hyr will be profit making in a year so more financing will be needed. Good luck to the bod in hitting their target share price to get their rewards. That ain’t going to happen.

Well I’m still holding these but nicely in profit now. My 56p call and buy was pretty nice.
Don’t see any point in selling yet as the company is progressing well and there is still that gap to fill to 116p.

I think its pretty obvious those trades were buys or the sp would not of bounced back.

Not that i condone it, but is it any different from people blatantly ramping a share?

I dont post often now but had to log in to say i am so sorry to hear the sad news. I only spoke to Wassatt a few times but read many of his posts. A true gent.

Summed up nicely Aphrodite.
I too liked the fact they explained the Australian side of the business in some detail. I'm happy that it was just 10%of the revenues otherwise it would of had a bigger affect on the company.
September to be the date to receive the fist dividend.
The use of using Alexa for tenants to contact their land lords is positive and moving with the times. I imagine it will encourage more people to rent with a land lord that has built in wifi and provides Alexa.
It looks to me that the company is going to continue to grow over the coming years.
All in all, very positive.

Well the sale is going through but to be fair, we knew that already. The company needs to shake of this jam tomorrow reputation and giving dates for the sale of Australian plant and then missing them really does not help.
Moan over.

They are progressing but they earned the label of jam tomorrow and they still need to prove with figures.
Feedstock up on same period last year but wasn’t that a quiet period last year?
Good to hear a bit more of other possible revenues. No news about alliance with slickers.
Is the resolution about buyback of shares a standard vote?
Hydrodec have had a hard time over the years and I think they will come good but they need to prove it with profit.

Did anyone go?
Has anyone noticed the last resolution passed at the agm?

That was certainly an interesting read. Looks extremely positive though they still need to deliver. Should be a good rise today I’d guess and further news to come later.

No one knows for sure where the sp will reverse. What is known though, is bod are shocking. Got to wonder if more bad news is on the way.
I reckon after stalling around 250p and getting more buyers at this price to soak up some sells, the so will probably move down to the next resistance at 180p.

ow that cuddothisnow is a dangerous investor to follow.
42Trader tried to warn people about STAF about the share and called the 250p support level correctly. If that level does not hold then 180p coming.
The company has been through a suspension, has a profits warning and possible a breach of the bank covenant. Ii’s are selling out and no shorts are registered at all.
The bod are incompetent and look like they have been with holding information. They obviously can’t be trusted.
Due to the low availability of shares, the sp will move in a big way. So yeah, good for a swing reversal, but from what point.
There has also been plenty of top analysts saying avoid or sell.
Yet, even though 42Trader was correct, he is portrayed as a manipulator while cuddothis now who wants a quick rebounce trade, is fooling people and ramping away, encouraging people to buy. Sad.

No one knows for sure where the sp will reverse. What is known though, is bod are shocking. Got to wonder if more bad news is on the way. I reckon after stalling around 250p and getting more buyers at this price to soak up some sells, the so will probably move down to the next resistance at 180p.

Wow that cuddothisnow is a dangerous investor to follow. 42Trader tried to warn people about STAF about the share and called the 250p support level correctly. If that level does not hold then 180p coming. The company has been through a suspension, has a profits warning and possible a breach of the bank covenant. Ii’s are selling out and no shorts are registered at all. The bod are incompetent and look like they have been with holding information. They obviously can’t be trusted. Due to the low availability of shares, the sp will move in a big way. So yeah, good for a swing reversal, but from what point. There has also been plenty of top analysts saying avoid or sell. Yet, even though 42Trader was correct, he is portrayed as a manipulator while cuddothis now who wants a quick rebounce trade, is fooling people and ramping away, encouraging people to buy. Sad.

Young people

I would think 1-2 million for the plant. It’s a buyers market as they say.
This site has missed the second rns stating AGM on 20/06 as well as results on their website. Nothing too important.
I’m almost tempted to go to the AGM, just a long way to travel.
Hope your well.

http://www.chartupload.com/viewer.php?file=31675616875638378018.png

Seems the two year plan is on tract. Can they now proceed with year two and boost feedstock and revenues?
Obviously it is negative that the debt has increased but I suppose it was always going to be e pensive getting rid of the plant in Australia. But at least now they have an offer and they are not looking at relocating.
I added £4K this morning. I wish I had hung on with my original buy as the share price has dropped to the support level of 57p where it has bounced. I’m hoping this is the bottom and now provides a 4 bagger to The brokers second target of £2:50.
It does feel like jam tomorrow some times, but it also feels like some progress has been made. Just need confirmation in the coming weeks for the sale of the Australian plant.

Good luck to anyone who’s left here.

Not too sure yet. The market cap is just £5m but when you add in the debt it’s enterprise value is approx £35m.
The debt is too high for what the company makes. I’m unsure, but is the pension deficit included in the company debt?
As mentioned by savysage, there are the loan notes that can be converted too.

So RGD is now left with a much smaller group consisting of Brighter foods, Rainbow dust and Renishaws. These businesses are profit making and make approx £1.2m last interim if you take out the exceptional costs. They talk of them doing better in this coming 6 months but revenues were down the last interim and its not like the company is giving regular updates.

Infact, without any updates, can you trust this bod any more than the previous?
Let’s look at some facts:
A recent rns says they have made a settlement regarding a dispute with previous supplier. No figures given. Why? Broadly in line probably means more than the £355k they hid in the interims.
Then there is the fact that the broker has stopped coverage of this share due to previous misinformation by the bod and they have said they will not continue until the bod contact them and clear things up. That was a couple of years ago and yet no coverage has started up again.
Lack of updates
Lack of bod purchases.

All in all, it does not look good. Makes me wonder if there will be more exception costs to come.

On the plus side, there has been some rather large buys and a few sells going through.

If they did some regular updates and got the broker coverage going again I’d be tempted to dip in for 30-50% uplift. But it just seems way to risky atm.