gamesinvestor
14 Aug 2015
Re: Solution to a problem? Deep, Interesting you can see it from the supermarket angle. I was just looking at the building sector. Nonetheless it seems like a difficult business and one I would certainly not invest any money in.We may be proved wrong, but I think the risks here far outweigh the return potential.Woody seems confident though. But then again it's not Woody's money is it?The fund management business is not a shared risk -- it's your money they risk not theirs - and for a handsome reward no less.Games -- having said that Woody is up with the best and I'd probably trust some money with him rather than many of the others - (Terry Smith excluded).
deepsleeves
14 Aug 2015
Re: Solution to a problem? GamesI am with you on this, despite significant director buying and investment by Woodward the share price still languishes below IPO priceOther issues for RM2 includeThe companies who control volume in pallet usage are the supermarkets. I say this from knowledge in the UK but can see no reason for the logic to not follow through to other developed economies.Plastic pallets and pallet tracking by RDF already exist but are used infrequently because of the cost, and not sure why RM2 will be cheaper, Canada does not seem like the logical place to establish a low cost pallet manufacturing facility.The reason that the supermarkets control pallet distribution it is that they are the outlet for almost all FMCG and they need standard deliveries on standard palletsTo do this they enter into agreements with such as Chep or the logistics division of their sub contract logistic provider. The suppliers to the supermarkets pay the cost and the retailer as always takes his cut.Hard to see how RM2 break into this and the lack of any significant announcements suggests that they are having issues in doing soDeep
gamesinvestor
13 Aug 2015
Solution to a problem? Just reading the RM2 web site for the first time to see what all the interest is about and why Woodford and the Directors are buying the shares.This the statement the company makes on it's home page link :-Why RM2?"""""The BLOCKPal pallet doesn’t just deliver the goods, it delivers a number of major cost-saving advantages over pallets manufactured from other materials. These cost savings are driven in two ways:•The pallet’s resistance to damage or other impairment in the work environment gives it extraordinary durability that stretches the cost of the asset over far more trips than the common alternatives.•Its material design leads to less product or equipment damage, less operational downtime, lower insurance and other quantifiable savings."""""The second point I would discount, as the product sitting on top of an equivalent weight and dimension wooden pallet seems no less secure or prone to damage than when sat on top of a more expensive plastic pallet.The first point has me wondering on a few counts. 1. The up front cost of the new pallets is going to be significantly higher than a cheap wooden pallet. OK the life of the durable plastic pallet is probably far greater, but does the shipper really care about this?Witnessing many deliveries for aggregates and building materials, the deliverer doesn't usually care about the pallet, in that it would cost more in fuel, driver costs, time and vehicle use to return for the pallets once the product has been unloaded from the pallet - often days or weeks later.I'm thinking that this is a solution looking for a problem that is possibly overstated.Any comments, as this is just a first observation and not a criticism of the company or of anyone investing here.Games
Rusty Jock
14 May 2015
Re: Contract win link... With respect guys , this RNS about the PPG mega pallet order is 10 weeks old . The share price did firm when it was announced , but this has nothing to do with the current firmness in the share price .The recent firmness is more likely to do with sustained institutional buying from the likes of Woodford and a couple of other funds . Long mau it continue .
Prezza
13 May 2015
Re: Contract win link... Good Find rr that is a nice contract 250k units
robbie_rooms
13 May 2015
Contract win link... [link]
robbie_rooms
13 May 2015
Motley Fool mentions contract win with S&P 500 company and the Woodford top-up. JP Morgan and Verlinvest (investment vehicle of the AB-InBev control group) both have 5% holdings int eh company now.
robbie_rooms
14 Apr 2015
Woodford Patient Capital update Having originally said he would raise 200m, then, 500m, this has now gone to 800m...RM2 could benefit and his other favourite stocks may well also get a boost.
RM2bob
27 Feb 2015
Doing well. Hearing investment fund behind this
RM2bob
27 Feb 2015
Boston MA.
RM2bob
27 Feb 2015
Hearin
RM2bob
27 Feb 2015
Hearing
robbie_rooms
06 Feb 2015
Woodford Patient Capital Interesting to read about Woodford's new £200m early-stage companies fund in the FT. "the new vehicle would duplicate some of his current holdings" It launches in April.
deepsleeves
05 Feb 2015
Re: endorsement? IBLikewise I picked up on the hype for the IPO but could never get my head round what was unique about the product offer. Plastic pallets have been around for a long time. The board seemed to have some heavyweight members but did not seem to include anyone who would know one end of a pallet from the other.My scepticism has been rewarded by the share price movement and by the most recent operational update. This HIGHLIGHTED a contract that should cover 450,000 pallet movements per year... At one movement a week it would only need 9000 pallets or 3 days production!!!!!!!!!!!I remain intrigued however by the support [share purchases] from Directors and WoodfordFor the time been I will watch with interestDeep
IB Investor
04 Feb 2015
Re: endorsement? Deep, I originally noticed this share many months ago - since the 1970s I have intermittently noticed pallets popping up as in short supply and high demand, and surprisingly expensive for a pretty basic product. I long expected them to be overtaken by new technologies, but the demand seems to remain high - a company entering this arena with a lower priced high quality product, mass produced could be a winner. Its a a gamble for me. Since monitoring the share I saw a spate of directors buying but the price continued to decline. Then it leapt higher as Mr woodford bought in in a big way - thought I had missed the boat. However the price has fallen back and the directors are buying in again in quantity.
