Rubicon

[JBmurc]

I might be a bit thick however i gotta ask,whats a 10 bagger.
Two years in the fifth form can do that.

1000% return on capital invested

[t.rexjr]

So different to a double bagger then...

[t.rexjr]

https://www.nzx.com/markets/NZSX/securities/RBC

Third Ave claiming they're not selling

"Details of the transactions or other events requiring disclosure: The
change in percentage held was not caused by transactions initiated by TAM but rather
the change in issued share capital of the Company on July 7, 2017."

“For this disclosure,--
(a) total number held in class: 44,091,741
For last disclosure,--
(a) total number held in class: 45,641,558”

Disregard the 1.5m sell down accounting for 20% of the supply for that period.

[gmatt]

Are they still selling?

[Xerof]

https://www.nzx.com/markets/NZSX/securities/RBC

Third Ave claiming they're not selling

"Details of the transactions or other events requiring disclosure: The
change in percentage held was not caused by transactions initiated by TAM but rather
the change in issued share capital of the Company on July 7, 2017."

“For this disclosure,--
(a) total number held in class: 44,091,741
For last disclosure,--
(a) total number held in class: 45,641,558”

Disregard the 1.5m sell down accounting for 20% of the supply for that period.

I know what you are saying, but if RBC hadn't issued those shares, they would not have had to disclose their selling, i.e less than 1% movement would not yet require disclose

[beetills]

NBR headline this morning
RUBICON BIG SHAREHOLDERS JUMP THE QUEUE
Anyone know what this is about.

[biker]

NBR headline this morning
RUBICON BIG SHAREHOLDERS JUMP THE QUEUE
Anyone know what this is about.

Just Tim Hunter belatedly musing on the current situation and placement. Nothing we didn't already know or, if you follow or are invested in the company hadn't already considered.

[Balance]

Just Tim Hunter belatedly musing on the current situation and placement. Nothing we didn't already know or, if you follow or are invested in the company hadn't already considered.

I actually think this is a fair deal for all.

RBC can hardly go to shareholders with a rights issue without inviting severe criticism, and what better way for the big shareholders to show confidence and support than by pumping in the US$12.5m.

As to the placement price of 21.78c, hardly a huge discount to what is readily available to the market at 22.5c to 23c.

Meanwhile, Third Avenue continues to supply plenty of stock at 23c (1c above previous selling levels by them) so still plenty of opportunity for those who believe this can be a 10 bagger.

BTW, great to have Tim Hunter of NBR keep the spotlight on the directors and management - their track record of disclosures leaves a lot to be desired.

[biker]

I actually think this is a fair deal for all.

RBC can hardly go to shareholders with a rights issue without inviting severe criticism, and what better way for the big shareholders to show confidence and support than by pumping in the US$12.5m.

As to the placement price of 21.78c, hardly a huge discount to what is readily available to the market at 22.5c to 23c.

Meanwhile, Third Avenue continues to supply plenty of stock at 23c (1c above previous selling levels by them) so still plenty of opportunity for those who believe this can be a 10 bagger.

BTW, great to have Tim Hunter of NBR keep the spotlight on the directors and management - their track record of disclosures leaves a lot to be desired.

I agree and a rights issue would have been a disaster.
Libra did after all pay around 40c for their earlier shareholding. I think board and management have been judicious in the way they have raised capital over the last few years and I think their communication, especially around Arborgen has been constrained by the previous shareholder structure.
i'm hoping the Rubicon end of year results will give an indication of just how good this latest deal has been.

[Balance]

I agree and a rights issue would have been a disaster.
Libra did after all pay around 40c for their earlier shareholding. I think board and management have been judicious in the way they have raised capital over the last few years and I think their communication, especially around Arborgen has been constrained by the previous shareholder structure.
i'm hoping the Arborgen end of year results will give an indication of just how good this latest deal has been.

Interesting to note that Aborgen generated revenues of $11.1m in 2010 and loss of $14.2m (as disclosed in the IPO docs at that time) but latest RBC review expect revenues to increase to more than $40m, and for EBITDA to be breakeven.

Here's hoping that operating leverage will kick in and Aborgen starts making profits from 2018 - it has been a long long road for Fletcher shareholders.