kryptes
24 Dec 2019
on the way to 75p On the way to 75p LOL. So only another 88% to go!
Hugh_Betcha
12 Nov 2019
on the way to 75p relevance?
kryptes
30 Oct 2019
Woof, woof From 300p in Jan 2015 to 40p today. Classic dog stock. Woof woof!
Ripley94
23 Oct 2019
on the way to 75p Derek Pain: Hero-to-zero RSH may have done too much, too soon No Pain, No Gain Derek Pain Saturday 2 June 2012 00
0 The catalogue of woe that has enveloped Rivington Street Holdings has, not surprisingly, had a devastating impact on the Plus-traded shares of the financial and software mini-conglomerate. In a near hero-to-zero performance the price has slumped from more than 50p to a mere 4p with one unhappy investor so anxious to get out that he sold 19,310 shares at just 2p each. The no-pain, no-gain portfolio paid 27.5p a share for its holding. I congratulated myself as the shares nearly doubled but once again held on for too long as the stock declined, eventually unloading at 13p. At one time the group enjoyed a capitalisation of around £20m. Today its value is put at £1.8m. What has gone so badly wrong? It is impossible for an outsider to appreciate the deepest ins and outs of a company. But it would seem that RSH grew too quickly through acquisitions and expensive start-ups and had to change its accounting policies to accommodate its ambition to move from Plus. In addition the still-to-be completed sale of its successful and highly rated corporate finance division seemed to question its clarity of purpose. RSH is largely the creation of ex-City hack Tom Winnifrith. It started around the turn of the century with an internet share-tipping site and expanded into various other financial websites, as well as fund management, public relations, software activities and stockbroking. An interest was even acquired in a Newfoundland quarry. Mr Winnifrith, with around a 28 per cent stake, was, in effect, sidelined last year. He has now left the board although he has agreed a two-year contract that keeps him with the group. He complained bitterly about the demands of International Financial Reporting Standards, an accounting system RSH had to adopt for its intended move to AIM. He said at the time: “IFRS is cruel in that you must write down the carrying value of assets where you think a writedown may be prudent but cannot write up any values.†The net result was that a £2.7m impairment charge wiped out profits and left the group nursing a £260,000 loss last year. The company is also committed to deferred payments relating to acquisitions and felt obliged to raise £1m through a placing at 25p. It has since accepted a £750,000 loan from chairman Jim Mellon, an experienced businessman. Subsequent interim results to end-February revealed a £3.4m loss against a £954,000 profit. The group has already unloaded some of its operations and Mr Mellon says the changes put RSH “in better shape to return to a growth path in due courseâ€. The departed Winnifrith, writing on T1ps.com, the website that started the group and is still part of it, told shareholders he shared their pain. “I apologise to those who have lost money backing RSH for mistakes I made; I cannot apologise for mistakes others made which it would be wrong for me to discuss.†From a former constituent to three current players: Booker, Animalcare and Hargreaves Services. The cash-and-carry chain continues to power ahead, producing year’s pre-tax profits up 27 per cent at £90.8m with revenue 9.5 per cent higher at £3.9bn. The year’s dividend is up from 1.67p to 2.28p a share. The group remains the star of the portfolio. The two other constituents have let the side down. Hargreaves’ shares, hitherto riding high, crashed when problems at its Maltby Colliery in Yorkshire were revealed. They will hit current year’s profits by up to £16m although figures for the year just ended should escape. And Animalcare, the veterinary group, issued a profit warning as identification microchip sales took a caning. Space prevents a detailed examination of these setbacks. Indeed coming after the Rivington escapade the portfolio has taken quite a bashing this year. I will deal more fully with the portfolio’s latest casualties next week. My intention is not to be panicked into any rash decisions. I am also keen to bolster the strength of my little share exercise with additions. After all the stock market, as the euro crisis drags on, has fallen from what I regarded as an unrealistically high level. It is often the time to buy when shares look a little depressed.
Ripley94
26 Jul 2019
on the way to 75p TUNG… XXXXX Might touch 55p today … resistance there maybe of late. None in ( D ) all now in Isa… ( Bigger lump ( S ) )
Ripley94
04 Jul 2019
on the way to 75p TUNG… XXXX Saw i am in overall profit with these now , looks like i saw this 18 days back . But just refer to last two .
Ripley94
16 Jun 2019
on the way to 75p TUNG… XXXX Have not looked at this since April in hindsight i should of topped up after my last post went to 51.8p on the 12th June. At least last two tops now in the blue. Kryptes will not be back unless she drops back ( one of many on here trying to wrong foot good folk i fear )
Ripley94
14 Apr 2019
on the way to 75p TUNG… XXXXX Just read finance director bought shares day after my last post here . He might of bought into rising share price . Fallen back a little but direction might be upwards. Have to check if shorts are reducing .
Ripley94
26 Feb 2019
on the way to 75p TUNG… XXXXX Double figure rise today back to my last top up. Chat on other sites of take over .
Ripley94
18 Feb 2019
on the way to 75p kryptes… XXXXX I do not think it was Ripley who said "all the way to 75p " Was it Kryptes i wonder. From memory i sliced around 70p . Kryptes posted on another site he wished he could trade a few shares but for some odd reason could not lol
kryptes
18 Feb 2019
on the way to 75p I thought this was headed all the way to 75p. Now just 35p. Another dog stock recommendation from Ripley.
Ripley94
18 Feb 2019
on the way to 75p TUNG… XXXXX Up again today now a three month high of 35p in hindsight Dec 17th 22p was a good idea. Lots of avatars removed from many posts , some avatars can be seen including Kryptes, Hugh_Betcha , ShareCrazy… !!!
Ripley94
14 Feb 2019
on the way to 75p TUNG… XXXXX RNS 7am Director change market liked it up 25 % @ 26.80p
Ripley94
17 Jan 2019
on the way to 75p kryptes Problems with the race of some ?
kryptes
17 Jan 2019
on the way to 75p Ripley94: You have blogged about have you forgot. You couldn’t say that in English, could you?
