Member Info for Rhambo

Yes but that was before China fell off a cliff. It's a different ball game and BLT will need to think about a 5 year plan for survivablity. Faced with a choice of cash in the bank or paying it all out to shareholders... Well you know what the outcome is

Agreed, just waiting for the divi cut RNS before closing.

With no yield, there's no reason for many large funds to hold this, expect big offloading by the big boys for the foreseeable. More pain to come.

You only refute an allegation when you disprove it... At the moment they are merely denying them. I just feel a nomad walkout may be imminent.

Trade should be reviewed for insider dealing if results are good tomorrow

Not going to be a popular opinion here, but IMO this is a screaming short even at these levels. It just won't have the yield to support the SP going forward and that's before we start talking profit warnings, debt and cash flow.

It's certainly guessing... there will likely be another shock if a cut is announced. Premium stocks like these do need divi support or they just bomb. RR. can't rely on strong Chinese numbers any more.

Clockwork, with all due respect, I never said "funding package" was synonymous with "corporate placing". I said that the "funding package" was a placing. You said that the definition of a funding package excluded corporate placings and therefore what DAN was referring to was not a placing. Today they have told you it was/is a placing. Please can you tell me where you get your 'official definition' from i.e. the name and a link to the source? As far as I am aware, there is no such thing as an agreed corporate definition of a "funding package" like say there is for "operational net cashflow" and the term "funding package" is purely descriptive of the result of an activity to raise funds for whatever purpose the company deems fit. Please point me to your source which disagrees otherwise.

When is a placing not a placing? When it's a funding package? Wait....

Expecting a few percent gain short side tomorrow...poor macro outlook is touching everyone in energy but particularly energy services.

https://www.youtube.com/watch?v=bZfm_JQKJa8 From 00:26

no short here until 52/53. Closed mine at 44.

So what's the answer to the question ?

Saw that, I've closed out my short - just not worth the risk.

You are incorrect as they said they will issue the accounts following the funding. Hence the suspension. Otherwise what is the need to suspend? If it were not dependent on funding why haven't they issued the accounts without suspension? Your position is logically untenable. Regarding funding packages: there was no requirement to google anything, I asked for YOUR definition not THE definition. Your definition is not a standard agreed definition at all and is that what you think the reason for the suspension is? I think you are way, way off mark if so and it will be shown as such shortly. Money still on a placing.

"Read the RNS again - they didnt say that they were not issuing results PENDING funding nor that they need the cash to be signed off - please stop twisting the truth. " Actually you are incorrect on the first part, the said they 'following which'.... We are getting into semantics now which is pointless. There is clearly is no other plausible explanation for not issuing the accounts other than not being able to be signed off as a going concern by the auditors. Hence the need for a placing.... sorry I mean "funding package". You still have not provided your definition of a funding package, so again: What is your definition of a funding package? This is getting rather Howard-Paxmanesque....

As for the rumour, yes it's from him but I'm not in the city snooping this out, it adds up that any company suspending trading, not issuing its results pending funding needs the cash to be signed off as a going concern. We'll see who is right soon enough.

Placing and subscriptions describe same mechanic... You 'place' shares into the market that werent there before. These shares must have owners and they are the subscribers to these shares that are being placed. The reason a company would do this is to raise capital aka funding. Hence a funding package can be a placing, you haven't provided me with your definition yet? As for the execution prices, there may indeed be some mug punters taking on this dog, but more likely is some forward selling so it doesn't matter what the price is someone will have already forward sold at a higher price.

Spikeyj - presumably because of the execution, bring a ludicrously high 3.35p, they could only fill £1m worth. Perhaps they naively though RT could continue to pump the stock and the next one could be even higher? The company needs serious cash by the looks of it hence I believe they can't get their accounts out signed off as a going concern - why else would they be delayed? Rumour has it its another £1m at 1.5, this isn't discounted enough for many bucket shops so the amount, if correct, is too small again, 859/900k net after expenses approx.

Please can you provide me with your definition of funding package then? Let's see if a placing can't fit it.