Member Info for SlimsDownUnder

I thinks its Kainos on the RMS board who normally does these, i think at the moment he might do a submarine instead of a rocket..
DIVE...

Good morning Ladies and Gents strap yourself in and enjoy the ride, great news!!

Thanks maths prof. Top job..

Thanks Hoss the detailed explanation is much appreciated, just trying to work out the percentage uplift on Monday barring covid related news on the weekend. And whether to sell on the rise making a margin of 10-15% or hold for longer term gains, in theory anyway..

I know I'm missing something so apologies and require enlightening. 27.20 dollars x 0.71 conversion rate equals 19 pound plus opening on Monday.

Agreed FINTECH this is a solid business with a good long term future over 125 yrs of history. Be interesting to look st SP after 3, 6 months, we might even seen dividends within a 12 month.

FINTECH

Evil keneveil had a smaller ramp than you lol. Share your sentiment though, 15 -16 by end of the week for me..

Too early for Trev i reckon lol, he doesn't get out of bed for less than a 500% mark up on what he paid for his shares..

Good old fashioned profit taking, or original shareholders selling IMHO..

Yes correct unfortunately but from a shareholder perspective, it's a big positive if efficiencies are made and new orders can be fulfilled.

After reading Rocky's informative postings i've quickly done some rough estimates of redundancy costings as follows:

101 staff are being made redundant, who for arguments sake have 15 yrs service each, based on a average salary of 30k per annum. The government guidelines on redundancy are a minimum of one weeks pay per years service for all staff aged 22 to 65.

This would equate to 15 weeks (years/service) divided by 52 = (0.29) X 30,000 per annum.

For 101 staff this equates to 0.29 x 30,000 per year = £8,700 x 101 staff = £878,700 min spend on redundancies. I know this is rough but it gives an idea of how much money is left to invest in the business £3.5 mill - 878.7k =£2.6213m.

Obviously there will be other costs i haven't factored in and this is only rough.

Rocky
Thanks for your response, well written and informative and very much appreciated. I see the pro's and con's of a company being run by TB as a previous holder of RMS stock, but you take your chances and there are potential big returns to be made if in early.

If TB owns a 29.9% stake, how could he gain additional funding for this business if required. Without diluting his stake, via additional shares we all know he usually likes to get his share of freebies. He cannot exceed 29.9% either or he would have to bid for the whole company?
I am an early buyer please see post history.

Following the money for me Trevor Brown is a tricky one he can make or lose you a small fortune in a blink of an eye.

Fingers crossed fella i thougt i was having a seance here all on my own lmfao..

Good morning anybody read the RNS??

All looks to be taking shape here nicely fingers crossed..DYOR

Personally I think this was overdone on Friday But would value others opinions before topping up Monday.

I stand corrected apologies seen his name often enough should remember it by now..

Thanks for the information purely speculative i know and looking at RMS "which i hold" and BRH share prices "which i don't". He is very much marmite you can win or lose big. But definitely need to be on the ball, much appreciated fella.

Morning,

Just wondering if anyone thinks this share will be a good investment after the 12th April, read the RNS, but Tony Brown is heavily involved any thoughts?

Then whats your purpose in being on this BB, to save us poor deluded souls?

Who have made their own decisions rightly or wrongly to invest their own money in this company "as adults that is our own decision", so mother theresa thanks for the unsolicted advice. But please jog on..