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As I said on the 3rd March, I didn't think it would be the last bid and this latest 330p bid will also not be the last bid. They are trying to get the company on the cheap because it is growing and making very good profits. The fact that the SP has already gone beyond the bid price to almost 340p suggests that many are buying in here expecting a substantialy higher bid. I think a bid in the region of 375p - 390p may get a recommendation from the Bod and acceptance from over 75% of shareholders. And once SHAW has been snapped up it won't be long before the other challenger bank Aldermore goes the same way.
Kenny Don't know if anyone here is going to the UKIS, but it would be good to obtain a transcript of MB's speech.
More Dilution for services rendered to the company What services, "Escort Services?" Suggests the cash position is not good if bills of less than £8k have to be settled by issuing shares.
Hi Rudolph Fully agree with your thoughs on this share which seems to be in terminal decline.
TW gave this a major Red Flag in his Bearcast on Friday 24th and is confident that a discounted placiing is on the way. He has been right a lot recently, therefore it may be prudent to sell and re-evaluate whether you want to reenter the fray after the placing when the SP will be significantly lower. I came very close to buying in here back when the SP was just under 200p, Looking at the SP now, I am greatly relieved that my research at that time led me to decide against it.
That MB got out of the Telco/Broadband market when they did. Most here will know of TOOP and how that came into being and going by today's RNS they are really beginning to struggle.
Such a grim RNS, the Telco/Broadband market is so cut-throat with so many competitors. I really don't see much future for this company. I guess that many will see this as an ideal short.
What is the significance of the 24th and are we referring to 24th March or 24th April? I thought the next significant date was the 25th Apri when the result are published.
No much, either good or bad has been written on REDS recently. However I have found this article by Steve Moore on the SP Site dated 7/3/2017. Most recently writing on RedstoneConnect (REDS), I concluded that there looked to be continuing encouraging trading momentum and, at 1.425p, the shares were for watchlists. They were little changed on the noted share price level – before a “Trading Statement” announcement this morning… This emphasises year to 31st January 2017 trading “materially ahead of market expectations” - with an anticipated pre-tax profit of around £1.5 million on revenue of circa £41.5 million. This is noted to see year-end cash of £3.2 million. The cash compares to £2.9 million noted at the half-year stage, though that was £1.3 million net – and I’ll thus particularly look at the 25th April-scheduled results in terms of cash flow, with the company also having in November announced a £2.4 million (£2.25 million in cash) acquisition. Other stated highlights include “good margin improvement across the business” and “strong order book underpinning medium term growth expectations”. The latter would normally concern somewhat on the short-term, but it is also stated “our sales pipeline appears strong and, combined with our solid recurring revenue stream, provides support and confidence in the outlook for the company”. There is longer-term confidence “as innovation in smart buildings gathers pace” - and broker forecasts for around a doubling of underlying profit in the now current year. The shares have responded to a current 1.675p, which presently capitalises the company at circa £27.5 million. The valuation looks high for the just reported numbers, but will not be on the suggested growth potential being delivered. Following today’s announcement, there is a good argument for a small, speculative buy at this juncture but, ahead of further comfort – perhaps with the results announcement detail, I currently retain this stock on the watchlist.
That sentence from the £26,500.00 fundraising is so funny: "The proceeds from the Subscription will be used for working capital purposes and to further support and develop the Company's fertilizer trading business." Perhaps they are investing in a muck spreader!!!
Rock I'm wondering if it may be linked to the FCA announcing their investigation into the fraud at Redcentric, who are also backed by MXC. In TW's Bearcast on Share Prophets today he talks a lot about the Redcentric Fraud and MXC.
TVR, Providing the date of the AGM doesn't clash with a planned holiday then I hope to attend. Paul It's worth considering that just 19 months ago we were in the 0.5p region and wondering if the company even had a future. But in a relatively short space of time MB has pulled us out of the abyss and is now building on a solid foundation. I guess 0.5p to about 1.5p (200%) in 19 months is okay. However it's understandable that most here will want it to move much quicker due to having bought in the DB days and having high averages. If in the next 19 months MB can achieve a further 200% improvement on the current SP, that should be acceptable to most of us. However it wont be easy and will require a lot of hard work and more contract wins.
Looking at the chart since 30th January, it shows a nice steady climb, with the only exception being the small spike over 600p. Should this continue then I'd expect us to be pushing the 600p mark and beyond by the end next week. It is also interesting to note that generally any large daily rises 2%+ are usually followed by a significant fall the next day. Could be a good time to sell before then buying them back inside my ISA trading account.
Welcome back mate, haven't heard from you for a while. Hope you're keeping well.
Tom Thanks, hadn't seen your post before I began typing.
Hi Mate Perhaps someone with L2 can shed some light on it. It would appear to be a buy, probably by Institutional Investor. It could not be one of the BoD as they would be within the Closed Period of 2 months. The RNS shows the Company to be in a healthy position with a solid foundation and a clear business plan. Something that could not have been said in the past. REDS is probably now considered to be one of the more steady AIM companies that has doesn't attract massive publicity and as a result has probably droppped of the radar of a lot of PI's.
Since Aldermore and Shawbrook came to the market they have followed a very similar path. The current bid for Shawbrook will certainly fuel speculation that it will only be a matter of time before Aldermore is also subject to an bid from one of the big banks.
Exactly!!! And with the first Bid for Shawbrook coming in at 330p, it is reasonable to expect that there will be further higher bids. And if Shawbrook and similar challenger banks are now on the menu. I wonder who the next one might be???
Optimistic Posts?? I made one post.actually about this share in the last 11 days I said, "It MAY bring some movement tomorrow". I didn't say "Would" or whether Up or Down. In the end there was no movement so I got it horribly wrong. LOL. I'll go back into hibernation.
I anticipate that ALD could be in demand next week.