Member Info for Specialonek

Why such a late RNS

Itsaponzi. Get a grip it will never hit 35p. It's a longterm riser uo to over £1. It might take 6-12 months to get there. It may revisit 48p or so but that's the best discount you might get.

Could this be a potential takeover target by one of the bigger players. Is this why there has been the large after hour trades lately. Its got to be a strong target at these prices?? Thoughts anyone?

Cars offer and itsaponzi. You are both incorrect. There where 228,002,890 shares in issue. Rights issue you was 4 additional shares per existing share with a cost of 30p each. New share total is 1,216,011,569 as some additional shares have been added. If existing shares where priced £3 x228 million then value was £684 million approx. New valuation based in 55p X 1.215 billion is now £668 million. Very little has changed on value despite the cash raise. This share price should be atleast at £1 as a minimum. If you had £2 for one old share and an additional 30p for 4 more then your average share price paid would be £3.20 divided by 5 equals 64p per share.

This will be £2 a share minimum by year end in my opinion. I'm averaged at 97p but this will get the support it needs from stroll and his consortium of investors. £1 a year salary is a steal to have him as chief executive for the company. He will build value in this quickly.

Looking very positive here.

Ningaloo, I hope you have missed the boat on this. I think 16p may well be the new bottom on this. Good news tomorrow could see sizeable rise back towards a more realistic valuation. Shorts hopefully will be burnt to a crisp. Onwards and upwards.

Not bought today.
29,000 shares at 29p average. Stung at 75p initially but averaged down when I could. Happy to hold for £1 in 18 months time. In no rush and no interest in day trading. Hopefully as with most other shares it will look much more positive this time next year.

Mr nation. Are you now fully understanding of why this didn't go anywhere near your projected 30p now?? As you stated you bought at 55p I guess you got a bargain in my view

Stay lucky, you are ignoring that 30p was paid per additional share. True value per share is closer to £1 after dilution.

I expect this to be 1.2p at close today as s minimum.

At this rate they won't need to cash raise. They could well be self financing by end of this year anyway.

Latino his stake will be around 1% on Monday and not 5%

Mr nation. To help you understand please read. Prior to dilution say the share price was £2.50 each. To raise equity they offered existing shareholders the option to buy 4 further shares per share at 30p esch. Because of this the share price drops in value from £2.50 each to around 60p. This means in reality we have paid £2.50+£1.20=£3.70 for every 5 shares we now own. Therefore our buy price is an average of 74p each. As things stand most shareholders are then out of pocket by 14p per share so why would they sell at 30p when the true cost was perhaps 74p or more? Does that make things clearer for you??

Not seen dividend mentioned here? It's good to see RRE have still paid it. Can not complaint at around 3% of present share price.

There maybe some who will sell off their shares on Monday which may push the price just below 50p but that will be short lived if it happens. I think the share will see a steady rise going forward and 70p+ by end of next week is my prediction. Do not be surprised if some of the larger stakeholders Hoover up shares next week whilst they are still low as well as director s buying them up before the longer term recovery begins. Stroll and Wolff could easily build an increased holding over the next few weeks.

Example if you had paid £3 a share a few months ago then they offered you 4 new shares per share at 30p then your average new share price will be 84p each to break even. I would be very surprised to see them drop below 50p each next week.

The shares next week are not 30p. The new shares will be available to trade at the closing price today. Everyone who had the shares previously took a hit on share price when the option to buy 4 per one was made available. I would say the share price should ideally be at the 70p-£1 region for most holders to break even or be in profit. Some will need it at a much higher level.

I doubt it's going private anytime soon. If it was the case they would not have done the cash raise of over 4 shares per 1 share at 30p each. They would have let it continue to drop and bought at the very bottom.

Djmtrading. I think the share price will settle at around 65-70p by next weekend. Early next week as you indicate might be a good time to Hoover up cheap shares here