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Royal Bank of Scotland – more losses and downsizing

Royal Bank of Scotland (RBS) announced yet another set of disappointing results yesterday (27/2/2014). The share price closed down 8% on the day and is now way below what the Government paid for its majority stake in the business. New chief executive Ross McEwan announced the results after the previous one, Stephen Hester, had departed to sort out another basket case - RSA (formerly Royal and  Sun Alliance). It was certainly an opportune moment to move on. Last year RBS managed to ...

ShareSoc Company Seminar Announcement

Our next seminar at which public companies will be presenting is scheduled for the 26th March in the City of London, with registration starting at 4.00pm. Three or four companies will be presenting in March and answering your questions, which are: - Pressure Technologies (PRES): Engineering solutions for high pressure markets. - Cambria Automobiles (CAMB): Retail motor dealerships. - MoPowered (MPOW): Mobile commerce applications for on-line retailers. - We also hope to have a fourth company presenting - keep an eye on the link below for details. Refreshments and a finger buffet will be provided of ...

RM Plc and a Questionable Share Consolidation

RM, a provider of educational products and services to schools, has been through some troubled times of late. Revenue has been falling and is forecast to fall further after they made the courageous, if long overdue, decision to stop producing PCs. In addition there have been a number of changes among the directors in the last couple of years. But the company has been generating cash, and now has a healthy cash balance (£63m in the last accounts) so it has decided ...

Pets at Home -one for pet lovers?

Pets at Home Group is one of the few upcoming IPOs that will be open to retail investors. A "pre-announcement" that gives some details of the float has already been issued. Financial information so far supplied is not detailed but revenue was £598 last year from 369 retail stores and 246 small animal veterinary surgeries. The retail stores often include in-store grooming salons (for pets of course, not their owners). The business is currently owned by KKR and they seemed to have ...

ShareSoc Companies Seminar Report 2014-02-20

  This a very brief note on the ShareSoc Companies Seminar last night. The companies presenting were NewRiver Retail, Ilika, DotDigital and IS Solutions. They were all interesting companies in different ways, and there is nothing better than hearing from the horse's mouth what the management have to say about their own businesses. Note that ShareSoc is now running these seminars regularly so as to enable private investors to learn more about individual companies. The format enables you to hear directly from the senior ...