46Gillingham
28 Dec 2016
Re: Finally light at the end of the tunn... DeepsleevesHope you keep a few and have enjoyed the rise
46Gillingham
28 Dec 2016
20% up today so far Anyone know why sp is up sp much today? What have I missed
46Gillingham
24 Dec 2016
RNS Wonderful to see 6p gain after the RNS update
46Gillingham
16 Nov 2016
Video about the RM2 product Click below[link]
46Gillingham
14 Nov 2016
SP movement Been some positive SP movement today...Just need some more news on additional contracts please
46Gillingham
05 Nov 2016
2 new agreements in last few weeks finally looks like a regular flow of new agreements are starting to come in
deepsleeves
30 Sep 2016
Re: Finally light at the end of the tunn... OrWe have $20m and need $32 in the next year and expect to raise some cash from existing assets.What about the year after?Deep
preemptiveright
29 Sep 2016
Re: Finally light at the end of the tunn... While there are currently material uncertainties as mentioned in the FY2015 financial statements which may cast significant doubt on the Group's ability to continue as a going concern, it is possible that the Group may be unable to realize its assets and discharge its liabilities in the normal course of business. Management has, however, identified four strategic cash-contribution-projects, any one of which will contribute significantly to ensuring the going concern of the Group. In addition to the significant sale of pallets to be delivered before year-end, management has undertaken a better monetization of the current pool of pallets and the real estate building in Switzerland. Further, management continues to work towards the placement of an additional USD 10.0m of convertible preferred shares as authorized by the General Assembly. Depending on which combination of these initiatives is realized and their related size, the Group may recognize by year-end adequate accounting impairment (non-cash items) on the values of these assets. However, these four items allow the Group to confirm its confidence in the going concern status of the Company through June 2017 and beyond. These assumptions are the Directors' best estimate of the future development of the business. The Directors are satisfied that the Group has adequate resources to continue in operational existence for the foreseeable future and accordingly, continue to adopt the going concern basis in preparing the consolidated financial statements
deepsleeves
28 Sep 2016
Re: Finally light at the end of the tunnel Light at the end..Has $20M in cashMade losses of $24M in the last 6 monthsHas added $1.8M in funding costs at 9% - not exactly seen as low risk thenGood luck with your additional £20k investment.Don't usually make recommendations but just this onceDeep
46Gillingham
28 Sep 2016
Finally light at the end of the tunnel Just bought another 60,000 finally like the direction RM2 seems to be going....we shall see in time!28 September 2016RM2 International S.A. Interim Results RM2 International S.A. ("RM2" or the "Company"
, the sustainable composite pallet innovator, announces its unaudited results for the six months to 30 June 2016. Financial Highlights• Revenues for the first six months of 2016 of US$3.7 million (H1 2015: US$1.8 million) • Loss after tax for the period of US$24 million (H1 2015: US$25.0 million) • Debt free with cash balances of US$4.3 million at 30 June 2016 (H1 2015: US$35.9 million) and US$20.4 million at 31 August 2016 • After the reporting period end, issuance of US$20 million of convertible preferred shares with a cumulative preferred 9% annual dividend on July 18th, 2016 Operational Highlights• Recurring revenues being generated from customers across a range of key industries • Long-term, scalable contracts signed with some of the largest and most recognisable companies in their sectors • Management team strengthened with the appointment of Kevin Mazula as COO • Commencement of pallet deployment with Canada's largest retailer, Loblaw's • Strategic, cost-saving manufacturing agreement with Zhenshi Group for pallet production in China • After the reporting period end, second contract manufacturing agreement for pallet production in Mexico with Jabil Circuits Inc. John Walsh, Chief Executive Officer of RM2, commented: "The first half of 2016 has been a period of significant strategic progress for RM2. In March, Canada's largest retailer, Loblaw's, began accepting RM2's pallets in its supply chain. This was quickly followed by an agreement with Zhenshi for the production of our pallets in China at a significantly reduced cost. After the period end, we struck a further agreement with Jabil for the mass production of our pallets in Mexico. When fully operational, this will mean that RM2 will have a well-balanced manufacturing capability in both North America and Asia, allowing us to flex production more efficiently between two highly qualified and professional manufacturers to better meet the demands of our customers. "Demand for our innovative and environmentally friendly BLOCKPal pallet remains strong and we are in advanced discussions with a number of new customers. We expect to make a number of further announcements in the coming months."
TalygarnTom
25 May 2016
Re: RNS Looks like a great partnership h... This article would appear to support your confidence in management expectations![link]
deepsleeves
07 Apr 2016
Re: RNS Looks like a great partnership howev... Looks like the discovery that Canada is not a natural home for manufacturing pallets in bulk was a bit of a surprise to this lot as was the idea of manufacturing near to a low cost of your major raw material.I would not put much faith in the "management analysis" that supports this latest decision to transfer "some" manufacturing assets to a factory in China owned by a 3rd partyDeep
46Gillingham
07 Apr 2016
RNS Looks like a great partnership however yet more delays!! RNS Number : 2828URM2 International SA06 April 20166 April 2016RM2 International S.A.RM2 enters into landmark alliance with Zhenshi for production of gamechangingpalletRM2 (LSE]AIM: RM2), the sustainable composite pallet innovator, is pleased to announce that it has entered into a strategiccost]saving manufacturing agreement with Zhenshi Holding Group Company Limited of China ("Zhenshi". Zhenshi is amajor shareholder of China Jushi Co. Ltd. ("Jushi", one of the largest manufacturers of fibreglass in the world, producingover 1.1 million tonnes of glass fibre annually. Fibreglass is one of the key raw materials used in the manufacture of RM2'sBLOCKpal pallet.The agreement will allow for the mass produc on of the RM2 BLOCKpal pallet in Tongxiang, at a facility owned by ZhenshiGroup Huamei New Materials Co., Ltd, adjacent to the principal Jushi glass fibre manufacturing plant. Ini al produc on isexpected to be deployed in Q1 2017 and will target circa 1.5 million pallets per annum, with projected growth to at least 5million pallets per annum in the medium term. Pallets produced at the facility will ini ally be deployed with RM2'scustomers in North America and Europe.RM2 and Zhenshi believe that there is a significant strategic opportunity for BLOCKpal deployment in the domes c Chineseand other Asian markets as Chinese logis cs develop and as China palle zes its vast supply chain. The two companies willalso develop addi onal areas where their resources and exper se are complementary, par cularly in the area of logis cs.This agreement allows RM2 to address the volume demands of its clients whilst significantly reducing Cost Per Unit (CPU).Some of RM2's manufacturing assets will be transferred to China and, as a consequence of reduced produc on in Canada,RM2 will fall well short of its 2016 produc on target. Management analysis has demonstrated that the CPU benefitssupport this decision. The Company con nues to seek to improve and op mise its manufacturing processes and remainscommi ed to volume produc on in North America and will update the market on these plans over the coming months.President Zhang, Chairman of Zhenshi and President of Jushi, commented: "We believe that large parts of the Chineselogis cs chain will become palle zed over the coming years. We are convinced, a er our own extensive research, that theBLOCKpal is the op mum product in the market. Partnering with RM2 allows us to seize first mover advantage as Chinamoves to palle ze its economy in a region of the world with limited forestry resources for the manufacture of woodenpallets. Introducing the BLOCKPal pallet toC hina will put us on a cleaner and more sustainable path. China needs toreduce its logis cs costs and we believe that the widespread use of sustainable, reusable pallets will be a key componentof that. We will use all our resources to ensure maximum penetra on of the BLOCKpal pallet in China and the broaderAsian markets and we look forward to further developing our collabora on with RM2."John Walsh, CEO of RM2, commented: "This is a strategic, long term agreement with Zhenshi which will allow us to offereven greater savings to our exis ng and future customers in North America and Europe due to the lower CPU, whilst alsogiving RM2 access to the vast Chinese market. This agreement will enable RM2 to produce pallets at a greater rate and atsignificantly lower cost, while at the same me, Zhenshi's extensive corporate holdings and rela onships makes ituniquely posi oned to open the Asian market for the BLOCKpal pallet. RM2 has taken steps to ensure we have the palletsavailable to service our customers during this transi on of our manufacturing assets."
deepsleeves
22 Mar 2016
Re: supermarket chain Loblaw Co Ltd has begu... 46GI would say that the lack of detail on volumes supplied and expected to be supplied into Loblaw or any other helpful metrics in the press release make the initial, positive share price reaction look like a triumph of hope over the reality of a very thin RNS.Deep
46Gillingham
22 Mar 2016
supermarket chain Loblaw Co Ltd has begun accepting RM2 pallets in its supply chain [link]
