The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Yes, straight to the point with no thanks for their contribution. Hope all resignations have now been sorted and basically, it is a completely new Management that can get the Co back on track. Seems Bob is doing what is required and getting rid of deadwood.
Well, that`s 4 thats gone with immediate effect, hope Bob isn`t next....Can only think that this is all due to the forensic audit and Bob has told them to go while they can. Bit like an on-going drama is this so hope it closes with an happy ending.
Happy Xmas to All locked in punters and hope We all get nice supprise in New year.
"The Medichem business was owned by Tom Allsworth, Executive Chairman of Revolution Beauty, who was its sole shareholder.".... This is probably one of the main issues I believe that needs sorting out. Would explain why its taking so long having connections with both Companies.
Starting to look an attractive entry price now if interest rates are pegged for the time being. Bought in small as not sure which way this will go yet. Long term it looks to be worth a bet though.
Yes, it is an AIM stock and probably getting excited about nothing. Thinks it`s just the shock of seeing this move up as been holding for Months now and only seeing it go down. Need to calm down and let it find its true level. Good luck on a 300% profit. Cant remember the last time i had one like that if at all. Always bail out too quickly if I have been losing on a share.
That may well be the case but thats quite a few Months away. This is the biggest rise in one day I have seen since I initially bought in around £6.40 and seen it fall ever since. Not complaining though as nearly at break even after other buys, but why has it gone up over 10% Today late on. I do suspect there is news to come on Monday to explain this. Either a big order or bid offer will suit Me. Probably wont amount to anything though and was tempted to sell a few but held back. Hope I`ve made right decision this time.
RNS on Monday with bid offer. I wish. News must be coming though from insiders to buy into a falling share.
Given that BOO have bought even more shares off-market, then they will be aware that a potential bid will be made. I believe that REVB are waiting for Xmas sales to come through so that a higher price would be offered on Company value. If a low bid was made, then it wouldn`t go through. Hope its not something else as both founders have now gone & new CEO in place who will know exactly how to deal with this. Feel confident a decent takeover bid will be offered in New Year.
Just need another 0.73p on S.P. now after top ups. Could be worse and did expect even bigger dips Today. Hopefully all the bad news is priced in and can slowly start rising back up. Just need REVB to come out of suspension now. Dont I just pick em....
Had to have a top up at these prices as no other way out. Dividend kept is good news but S.P. will take a long time to recover.
Oh Dear. Not the results I wanted to hear. Lets see how big the fall is Today....
S.P. back to where it was 10 Years ago. Cant work this one out T.B.H. and stuck in with losses I didn`t think would happen so quickly. News awaiting....
I must be a gambler as also have shares in REVB although I could have taken large profit, I chose to leave most in shares during the suspension outcome. Keeps the gambling buzz alive but can come at an expensive loss. Need to get back to boring dividend stocks, but an addiction is so hard to control.
NMC. That one was a very close call for me and luckily bailed out day before it was suspended with a small profit. Could also have lost a very large amount but initially bought in believing that the corruption wasn`t true. Have lost out in this one as sold this week at a small loss and this is very similar scenario to NMC despite the Company refuting the claims against it accounting. Wont be back in here again but sincerely hope that all is good and Company can move on. I do believe that Viceroy have some truth here though so be careful.
I think what He is trying to say is that BOO have bought more shares off-market and that if the outcome of the audit warrants administration, then BOO could make a lower offer before admin took place for the remaining shares in issue. Cant say that this is the case here as nobody is aware of the audit outcome and believe that BOO have bought more knowing that the Company is a valuable asset for them to increase their sales. There are also other funds holding REVB who would have a say in the matter. Just need to get this audit signed off but suspect it wont be while after the Xmas trading period when figures should look a lot brighter.
"The investment reflects Boohoo's belief in the growth potential of Revolution Beauty and it intends to be a supportive stakeholder and long-term partner." LATEST NEWS !!!! New CEO Bob Holt has bought 5% of the Groups share issue knowing that the Group will be going into administation next week. Bob said " I thought I could turn the Group around, but the banks have been very naughty".
Works out at 17.9p per share if cost are not included so any offer would have to be at premium to make it worthwhile for buyer. Would expect any offer to be at 30p minumum excluding current trading year 22/23 results. I`ll settle for a 50p offer.....
Is it a positive losing £ 40 million on initial investment ? Positive in that it has been bought by another II given the suspension, but the buyer must know what the issue are and have gone ahead and bought in for £ 5 mill. Hopefully it is been bought for BOO or even another interested buyer like THG. Maybe an offer coming before REVB is back trading but at what price ? All entertaining as long as a reasonable offer is made.