Member Info for snakeeyes1875

Option - really not sure why you believe the company has been in "decline for years"? The fact that you bought at the very upper end of the price scale for this stock may be influencing your opinion I guess, I have made this mistake in the past as well and it is tough to see the price drop. The reality is the in Jan 2001 the price was £1.96 and in Jan 2020 the price was £1.74, if you track the stock over this 20 year period you can make a fair assumption at the average price at between £1.40 - £1.80 in my opinion. Yes of course it has been above this and indeed below, but it is fair to say that between £1.40-£1.80 has been a realistically achievable target over the last 20 years or at any given point throughout a year. Looking at that my buy in price would always have been £1.20 or below to allow the minimum profit return realistically achievable, if I was to make more then great, but I would at least be fairly confident I could make 20% as a minimum. The drop from £1.74 in Jan of this year is entirely down to two factors Brexit uncertainty and the pandemic, both of these factors will impact the potential immediate and mid-term recovery, but a target of between £1.20 - £1.50 is perfectly reasonable by March to June next year and potentially £2 looking further down the line. I don't see the highs of £2.30 and beyond being achieved anytime soon, but those levels were always in the top 10-20% range for this stock anyway, so not something I would ever budget for realistically happening - more a nice surprise than a realistic target.

I don't see this as a stock in decline, I see this as a stock that has been affected by the same factors most other stocks have been subject to over the last year. Do research, set realistic targets and get out when you reach them, that's how I try to invest.

I wish you the best and do hope you can average to a place where you can, as a minimum, break even, but I have to disagree with your view that the stock is in decline.

Good luck all

My thoughts probably generally align with yours Peaks, I would guess. I think there will be a general negative impact on the market in general, which RPS will not be immune to, but that this will correct itself for RPS over time when the realisation that actual business impact will be minimal becomes apparent. So if there were to be a no deal come Monday, I think the price will initially fall a fair bit.

However given what the main sticking points preventing a deal being done at the moment are, I cannot possibly see any other outcome than some form of agreement being reached.

Bojo will sell out the fishermen and allow access, to be fair it makes sense to do so, given fishing only forms something like 0.1% of our overall economy. It would make absolutely no sense to destroy the other 99.9% to take a moral stand on this issue, my belief is this is solely being used as a bargaining chip at the moment, as access to UK waters is a much larger issue for the Europeans such as the French. The other main issue being the following of future EU rule implementation, again I don't see a major hurdle here and believe both sides will give ground, the EU will be flexible on what we have to adopt and the UK will accept adopting all that are currently in place, as well as some future and those that are not accepted may mean some minor changes to the agreement or what products are subject to free trade (sounds complex, but really not a big deal).

If/ When the deal is done RPS will benefit from the general market rise and the return of some certainty, but may not jump as quickly as the likes of Lloyds and others who have more skin in the game.

Either way I think of the longer term we are all on to a good thing here.

Best of luck

We'll be back in the 80s by Monday lads, todays wobble is all down to Brexit - deal or no deal, as soon as the deal is ratified everything, including RPS, will steady and take a decent wee jump in the right direction.

There is fear out there and a hell of a lot of posturing on both sides, but both sides do want a deal and both know the potential down side of no deal is massive, so I am confident a compromise will be reached and we can all rest easy again. Tomorrow could be turbulent though, so hold on to your seats!

Best of luck

It'll be 42p on Monday morning. When all sides come to their senses and stop posturing and the deal is done, it'll be onwards and upwards.

Happy days, bring on Monday

Good luck all

NI is a bit small for us all to pile over there, but what the hell, I'll get the boats organised. Tenner a head ok lads?

My advice would be buy Alpha, that's certainly what I have done. As you say the potential upside far outweighs the risk. Even if the worst case scenario is to become a reality, then you just have to hang on a little longer, Lloyds are not going anywhere and whilst the deal will impact the price, they are not going bust (anytime soon ;) anyway)

If you can afford to add, then add as much as you can, as long as you have the option to leave that cash, should you need to do so.

Just my opinion though :)

:) :) :)

You won't believe this, but I just done exactly the same and dumped my Hurricane! At a slight loss I might add.

I have invested the dough into RPS and Lloyds

Good luck Peaks - I wish you all the best

Good call by you Peaks :) well played - You getting back in now?

I think I will purchase some more, when the deal is done by Sunday, we'll rocket back up Monday morning!

I am looking to increase my holding, I just can't decide whether to buy today or tomorrow, what do you all think?

My view is - it's clearly dropping on uncertainty and the prospect of a no deal, that isn't news to anyone. However, despite the rhetoric, I firmly believe that a deal will be done before Sunday, why? Because it makes no sense not to do a deal, it's in the interests of all parties and not to have deal in place hurts all involved, so posture away lads, just make sure the deal is done by Sunday night and then we can all watch the profits roll in on Monday .

What do you guys think? Buy today?

Thanks Peaks, some great points, all worth noting.

I can see where you are coming from, but my argument would be that it was already undervalued when the placings happened (and before this), the dilution wasn't massive either. I work in a related sector and have worked with in conjunction with RPS on a few occasions and always found them to be an excellent company. I see the concern over furlough, but throughout the industry people have taken advantage of the furlough "free money", to offset any impact on the business, in several cases this has been used where it simply was not required and I feel this may be the case here.

January seen £1.84, so I really don't think £1 this year is out of the question. Whilst I don't think things will simply jump in a straight line upwards, I don't see a track back any further than 76/78p at very worst and wouldn't be surprised if it doesn't drop below 80p again. Of course I could be wrong and the way things have been this year you never can tell, but I have an average of 42p and I won't be selling until we hit £1, and even then probably only a small percentage as I believe this has lots of potential.

Best of luck to you and everyone else

Why would it drop Peak? The previous drop was panic over how the Covid situation would affect the company and just general panic selling. The company has operated and continued to function to almost 100% capacity throughout and will only get stronger as restrictions lift and the government investment to stimulate the economy continues. These items combined along with (hopefully) some form of brexit deal will see this soar. I don't see any significant fall back in value and could easily see £1 before the turn of the year.

Why do you think there is the potential of a drop in share value? I'm always interested in differing opinions to allow for a balanced view and to ensure I cover all bases, so this is a question out of genuine interest.

Thanks

Not too late to get back in camo, it's still got plenty legs yet. £1.20 is a safe bet and £1.50 certainly not out of the question early to mid next year! 40% still ain't a bad return!

It'll hold (maybe not today, but going forward defo). We are on our way to a minimum of 1.20p possibly £1.50 by March next year. I predicted we'd finish the year around 80p, but I think that may have been on the conservative side, I know see this continuing to rise to around £1 before the Christmas break.

Fantastic company, fantastic share - why did I not put more money in????

Good luck fellow RPS'ers

Looks like we are gradually starting to move up again! This is still one of the quietest boards around, which isn't necessaraly a bad thing, just continues to surprise me with such a good company.

A slow steady rise under the radar is probably the best way to go anyway.

Good luck to the 4 other investors out there ;)

Totally agree this board is a far nicer and more informative place when it is just the familiar faces providing measured, well informed posts.

The price is moving today, but really it should never have dropped so low in my opinion - it should really be hovering around the 30p mark at the minute, until we have any further confirmed developments that is.

A quiet board is probably a good thing! It just really surprises me given the potential here. I see nothing but a strong indications that this solid company will continue to rise and rise and rise and rise..................

Infrastructure Paul - it's not about whether they can manufacture the cars that's the easy part.

Hard part is upgrading the entire grid in many places throughout the UK, upsizing/ upgrading cables to carry the extra load, providing charging points at every location i.e. people without drives/ people in flats, etc. - That will take 20 years plus! And I haven't even mentioned the issues with range, etc. It's not viable (yet) and won't be for some time. If the infrastructure isn't there then the ban cannot and will not proceed, simple as that - no good having a car you can't charge is it? 2030 headline - "Grid collapses as influx of EV's and demand for power outweighs available supply" - no chance

I read the posts here and thought Alba must've crashed completely, I then check and see that the live price sits at 0.44 - exactly where it's hovered around since September give or take a few %. Not sure why the predictions of doom and gloom have arisen particularly today - unless I have missed some big news?

I think the target set is completely unrealistic, the infrastructure simply doesn't exist at the moment to go fully electric and 10years seems a rather short time scale to resolve this, along with all the other practicality issues such as people who do cannot park outside their own house to charge, battery life, range, remote communities, issues with vehicles such as HGV's, etc. Is ten short years long enough to resolve all of the issues? I'd be surprised. The investment pledged also does not seem anywhere near high enough either. The world is changing, no doubt about it, but will it change as fast as the targets set? I cannot see it to be honest.

The only thing that surprises me is that there is not more enthusiasm about this company!