Rubicon

**minimoke** · 05-11-2018, 12:14 PM

Originally Posted by Invest in good stories

Iceman, I suspect the board and major shareholders are already well and truly tired of being listed on the NZX, and if I was in the major shareholders shoes I'd be very closely looking at how they can entirely remove the Rubicon layer and simply have a stake in the Arborgen (US domiciled) business.

.

We discussed this a while back - and there were problems. Mainly around size of RBC / Aborogen and no of shareholders
NASDAQ rules included (mix of match):
- Pre tax earnings of $11m over the past three years
- $27.5m in cash flow over each of past 3 years
- Market cap of $550m (which could be reduced)

Essentially RBC needs to get "bigger" before an alternative listing can be seriously considered.

**Xerof** · 05-11-2018, 06:46 PM

They are welcome to take it private. I'd be happy with $1

**BlackPeter** · 21-11-2018, 02:02 PM

Oops - was the the Cross of death we just saw passing? TA not looking that happy these days ...

**minimoke** · 21-11-2018, 02:06 PM

Originally Posted by BlackPeter

Oops - was the the Cross of death we just saw passing? TA not looking that happy these days ...

its on really small volume. Traders are total skinflints - like the one this morning spending $8k and quibbling over a quarter cent.

**Well Endowed** · 21-11-2018, 04:11 PM

Quite happy to pick up a few more at these levels. Personally can't the correlation in a risk off tech selldown and Rubicon's business model. This also seems reflective in the turnover today in my view, amounting to a whopping $15k...

**minimoke** · 21-11-2018, 04:29 PM

Originally Posted by Well Endowed

Quite happy to pick up a few more at these levels.

I'll join you. Picked up a few more at $0.23 which is essentially half NTA

**whatsup** · 22-11-2018, 08:56 AM

so where is the .50 + valuation now,

**minimoke** · 22-11-2018, 09:00 AM

Originally Posted by whatsup

so where is the .50 + valuation now,

Waiting patiently for the takeover bid to release that value.

**Well Endowed** · 22-11-2018, 09:06 AM

agreed, has all the makings of one that will be looked back on when the takeover dust has settled and been a 'that was obvious wish I'd put more in' in my opinion.

Happy to sit and accumulate in preparation awaiting that day, whether it be 6mths, 12mths or even a bit longer, I believe it will come.

In the meantime, the announcements are starting to increase in frequency

http://nzx-prod-s7fsd7f98s.s3-websit...200/291008.pdf

http://nzx-prod-s7fsd7f98s.s3-websit...200/291009.pdf

**Leftfield** · 29-11-2018, 05:44 PM

6 mnth report out at end of day...see here

Always a concern when such reports sneak out at the end of the day, and not enough in this one for me to sneak a late win the stock picking competition

Very much steady as she goes IMO, while nice to see more debt retired. Once again net assets almost double the SP so all is good????