Member Info for Rhaegar

breached on Ask

I've recently started following RB's iii articles, you and he seem to share half a portfolio! I have a vested interest in this debate of course, but think the dividend yield is a factor to consider, together with the recent (albeit de minimis) buy backs. If I had a bigger portfolio I'd probably hold both in varying quanitites, but shifted all of mine over to attempt to arbitrage more efficiently with a relatively small stake.

of factory operational very soon...but targets missed in the past by new board additions...when is production break even?

I read the RNS this morning, and have just been looking through CGM's website. I appreciate the cross-ownership point, but get the impression it's more likely to be the only viable means of CGM achieving the further funding it requires? Quite significant further investment needed, and the company delisted in 2011. No idea of the prospects for a clinker factory in Mozambique, but instinctively it just seems a distraction from their primary business. AMBR will go from strong net cash position to big liabilities, CGM's loan appears to mature later this year, and the repayments will commence.

Indeed...was furiously refreshing iweb on my phone from about 7:58 and was able to hit ejector seat on the bell...consider myself very fortunate to escape with a £1.50 loss! Arguably a little unfair to do a EV/EBIT based on the half years when they've said it'll be the weaker of the two? That said the statement isn't hugely reassuring and I now reflect differently upon the lack of forward guidance in the finals. Ilustrates danger of buying into results in absence of prior indication. Receivables issue still in play I see. GL to those who are sticking it out.

I called this wrong at 9-10p. Well done to those who bought at those levels - was clearly a great investment!

Breakout

Sold my DWHT and bought here instead...discount seems very steep

Hit my target range so sold...and bought DWHA instead...30% discount is too high.

@46p for results...and possibly beyond, dependant on their content! Hoping to see cashflow up (yoy) and receivables down...main clients Microsoft (and subsidiaries) and Vodaphone, so optimistic that many of these will have come through in H2.

Thanks for the replies anyway guys. If it helps you both feel a bit older I probably wasn't alive then! Can do most key calcs without that info anyway, just interested to get a feel of how much external capital would be needed to genuinely expand the business.

A question for anyone who has worked in or around City in recent years, or has connections with those who do: Do you know roughly how much PMR, CNKS, etc need to pay individual equity research analysts and brokers to retain them? And how do these figures compare between staff in London and say Liverpool, or Leeds? To place this in context, I was having a closer look at PMR's results and operations with a view to buying back in. I can see the global overheads figure, but it is difficult to separate out the salaries of senior management from the relatively junior level equity analysts. I see that they maintain small offices in Liverpool and Leeds, and looking at linkedin they seem to staff these with a few fairly young members of staff. Wondering at the cost of these outposts, their viability and the point at which brokers become sub-scale as listed companies. The only figures I personally hear or see on the internet are those working at bulge bracket banks, which I gather is a very different league in terms of pay, bonuses, etc.

Shan/Libero have you added? I was tempted on financials/balance sheet (plus passing reference to developing property), but concerned about margin pressure? I see Paul Scott (who I have mixed feelings about) noted that many of the products visible on website are food brands, and linked the trading statement to supermarket price wars. Thoughts?

Seems sensible staging point given large director buy at that level...any purchases around and below attractive in my view.

Plagued by big seller!

Good posts. I can't read Mandarin either, but have had a few similar blind wanders around the website and it has always checked out. I believe the non-execs when they say that they visited the stores too. So why the alarming silence? Impossible to get any reliable information on the Chinese nationals involved. Logically you'd expect the Nomad would be having a word with the company given the steep decline and lack of statement? Abchurch's silence only compounds these doubts.

Several pages in there's a reference to ASH's medium term equity stake in the new fund...25%?! But to finalise this and to complete projects it requires further funding? Really weak in my opinion, I just don't see the visibility on the shareholder returns. Further compounded by the prospect of seeking a listing for the fund - if M&G are willing to invest in the fund, but not ASH (who it perhaps doesn't fully trust to complete the individual schemes), and ASH will only have a small equity stake...why not wait an invest directly in that, if at all? Off the watchlist!

or next minor crisis on wider markets or in Indian subcontinent? I do think the port will probably happen, but whilst communication appears to be improving I think management have displayed a level of arrogance in not acknowledging the delays to date. So, in no rush.

here...but (literally) uncharted waters for TA so difficult to pick a figure for bottom. I remember thinking not so long ago that teens would be steal of the century. If it maintains the dividend then it will fly, but isn't it getting to the stage at which you'd expect the company to make a statement to reassure investors? Co has previously acknowledged China issues and in one of the April 2014 RNS releases there is the comment from the non-execs following their visit to several stores (and verified their existence). More of the same needed?

There'll be plenty more, in my view. That said, credit to Alex and Mayfair, both potentially made 30% here whilst I watch on!