Member Info for Rich62

I guess shortfall is around 10%. FY to end Jan 23 was rev £41.2m, FY to end Jan 22 was £41.4m

Today FY to end Jan 24 is £37.0m

Agreed mate - I'm not suggesting you sell. I'm a holder here and as far as I'm concerned they are a bargain at this price. Unfortunately there have been forced sellers (funds) where PIs have taken money out of these funds and they are scratching round trying to liquidate assets. Also PIs generally are harder to find when you can get 5% in a deposit account with no risk. However RFX share price will turnaround this year and I fully expect to see 265+ plus later this year.

Year high 171p. Current discount almost 30%

Year results expected Feb.

Trade update showed Rev £298m (slightly below expectations), profit £67m (top end of expectations) Net cash £34.3m

What's not to like?

There's got to be a large overhang here to clear, before the share price can move upwards.

I keep seeing big trades going through at the mid point i.e. between bid and ask - this is where one market maker has shares to shift from a large seller (fund) and is selling to another at the mid point price.

Just seen another 70,708 go through at 210p (reported late as always!)

Group revenue up 3% (Like for like revenue up 5.3%)

Adjusted operating profits to be at least in line with upper end of expectations c£91m

Net debt significantly ahead of expectations, around £230m

Momentum being carried into 2024.

Excellent news. Well done Lindy and the team!

However why has the RNS been issued during the day when it would get wider coverage at 0700?

Simon Thomson, Investors' Chronicle, just now...

"It means that Ramsdens’ shares are rated on a lowly price/earnings (PE) ratio of 8.5, offer a prospective dividend yield of 5.4 per cent and trade on 1.3 times book value despite boasting a heavily asset-rich balance sheet. That’s a low rating for a company that has just delivered a post-tax return on equity of 17 per cent. It’s worth flagging that Ramsdens is forecast to deliver growth even after absorbing the 10 per cent increase in the national living wage in May 2024 and £0.4mn higher energy costs this year, a reflection of the strength in its underlying businesses."

Excellent RNS out today - Baupost sold entire holding 116.5m shares to Long Range Capital who specialise in FMCG companies and will have NED on the board. Share price up 6% in response.

Trade update out on Thursday 18th January.

RNS out today - IHC buy Airon Corp for $2.5m ($1.5m from cash reserves and $1.0m to be paid at later date based on delivery of future revenues) Only a small outfit with revenue $1.4m, loss $0.4m, net assets $1.3m) however it will be a good platform to sell the SLE6000 neo natal ventillator, subject to FDA approval.

Looks a good acquisition to increase sales in large US market.

Https://www.londonstockexchange.com/news-article/SWG/contract-wins/16274819

Hi Pedro, was that your 210,500 shares bought at 47p?

Hopefully whoever is dumping 50k and 100k blocks into any rise, is gone!

Clearly the shorters and city funds decided to use today to batter down any shares where there has been any weakness; and where the share prices picked up for the Santa rally, before Christmas.

THG isnt the only one down hard today. Look at Petrofac down 10.3%; Boohoo down 8.8% etc. None of these companies released any bad information today. Its just a targeted attack to either make money short selling or to use algos to drive down share prices in order to buy back at a lower level.

The key thing here is its designed to scare you.

- Play tricks with your mind, question if you should have sold at a higher price

- question if you should now sell at a loss etc.

For the bold, its a perfect opportunity to top up, buy more, buy to replace the ones you sold into a profit on the santa rally.

The key thing here is that the shorter positions have massively reduced - that tells you they know what's coming i.e. a significant re-rating in share price to over a pound.

As a minimum, on the next trade update; but followed by an MBO, buyout or split up of the 3 divisions to deliver real value for shareholders this year.

Just hold, or be bold and add more.

Sit back and enjoy the ride up

It's just funds, driving the share price down to buy more shares cheaply.

Trying to shake out some loose shares from weak hands.

Everyone knows this will kick on over a pound on the forthcoming update.

Either MBO, takeover or 3 divisions split and listed separately this year to correctly value this business.

Hold and wait. Nothing to see here folks

20th Dec 23 RNS - Slater Fund have increased holding 16 to 17%. Good show of confidence that VLG is due to bounce back.

Nice Christmas present for the shorters...LOL

RNS - Mark Cutler CEO's wife buys 100k shares at 39p.

A good show of confidence.

Charlie, its not market manipulation. ITM used to be around 35p/share, before it took off during the CV19 ESG surge, when people were at home with cash in their pockets and time on their hands. Basically Green stocks were in favour for a couple of years and the price surged. However ITM's revenue was always really low, high cash burn and there was no meaningful relationship between share price and financials.

I owned shares when it was 35p and going nowhere. Thought myself lucky to sell on way up at 120p, then cursed for not holding longer!

Hey ho, that's shares for you.

The reason I'm here is that since Colley has gone and with a new CEO in place who is actually cutting costs; getting orders signed and the last update looked promising that things are moving forward. I'm actually looking to get back in below 50p (note there are still funds shorting ITM who drive the price back down, even when news is good as it was with the Shell tie up announced today) If you are a holder, I'd hold as things look promising for the future.

Yes H1 revenue down 16% v Last year H1, however operating margins on par at 3.9%

The real positives here are:

+ Net funds up to £8.9m. These were £7.5m at the end of April 23

+ Order book up to £32.7m v £30.8m in April

This sets out scene for strong H2, particularly in SE with recent acquisition and focus on commercial piling.

Not a holder here, nor a shorter - but surely BOD have a responsibility to all its shareholders, employees and customers to react to 8 days of share price falls.

Either put out "Everything is on track" to reassure OR ask for share to be suspended if refinancing is taking place behind the scenes.

What on earth would be reason for not doing either??