Founded in 2007, RM2 is a vertically-integrated innovator in pallet development, manufacture, supply and management. Recognising that there are significant costs and drawbacks associated with traditional pallets, RM2 has established a disruptive presence in global pallet supply and aims to improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets.

RM2 has designed and manufactured the BLOCKPal™ pallet, a multi-trip, heavy duty composite pallet that is suitable for use in both automated and manual areas of the supply chain where there are high levels of movements. The composite material and the associated manufacturing process is designed to bring qualities of strength, durability, flexibility and scale of production as well as other benefits. The BLOCKPal™ pallet has been independently tested by leading institutions and has been shown regularly to outperform comparable products and industry standards.

RM2 aims to change the way its customers look at pallets from a consumable to an asset that can generate significant accretive profit margin. To do this, we align ourselves with potential customers – typically large manufacturing, distribution and retail businesses – to provide an integrated solution to their pallet and pallet movement needs, whilst interacting with other logistics partners, as necessary. RM2’s products have been developed in consultation with these customers and are designed to provide receivers of goods with greater visibility over costs and the ability to reduce the direct and indirect costs associated with inbound goods movements.

RM2 can supply its pallets and the associated services on a rental basis to closed loops or by outright sale and its production method is versatile enough to easily supply standard or bespoke pallets.


http://www.rm2.com/main.php

RM2 International S.A.
AIM Admission Document

http://www.rm2.com/downloads/RM2-AdmissionsDocument.pdf

Opened at about 1o4p at 8am

the product is certainly very interesting
nevertheless, the correct level for sp is much harder to determine

May be sensible just to wait for some news on how much new business is being captured.

not exactly high tech.... you can't beat good wood!

them ain't wood dad, and that's the whole point

80% glass

I could not see turnover in their figures. I could see a growing loss.

cynic you misunderstood existing pallets are made of wood, surely you can remember GKN selling off CHEP?

For those that are not in the know, the company purchased the tracking company last year. The pallets can have a tracking system inserted to keep track of them.

====================================================

Shares - We like the company’s strong cash position, big customer names and well-connected board.

As we highlight in the article, longer-term this could be an attractive dividend stock because of the significant cash flow potential from pallet rental agreements. You’ll need to be a subscriber to read the full story. Those not already signed up can get an introductory offer via this link.

The business raised cash at 88p. Today’s share price rise means RM2 is now valued at £334 million. The Daily Mail has picked RM2 as one of its top share tips for 2014.

misunderstood you hali
i do indeed remember CHEP, and if i am not much mistaken it fell apart and became matchsticks :-)

tracking
i'm very surprised that RM2's clients are happy to have a tracking device embedded (and thus stealable too i'ld guess) as it potentially impinges on the confidentiality of their business

Read 167 pages of the company admission document yesterday and decided to sit tight and watch. Cynic the company states you would have to smash the pallet to remove the tracking device.

confidentiality is the main issue; it's one of the reasons we have never (even thought of) fitted them to our iso-tanks and even the bog standard ones are worth more than few 00 pallets

That's a point. I must confess I would not know what info they hold. Perhaps more than location?

location is pretty much everything with pallets - e.g. no product temp records and similar required
now guess who holds the master system for the tracking?
now you know why the risk to confidentiality

Interesting.

cynic CHEP is very much in business and manufacture and supply all types of pallets including plastic for aviation use, try looking at their web site if you are still interested in RM2.

which was the company that lost a fortune with them then?

probably the one which lost all their pallets like Sea Containers.

ah, is that the one .... they're sort of competitors of ours in iso-tanks but they seem to keep a pretty low profile nowadays

Didn't buy in ,like you DC i'll watch this one for a while

I'm thinking we have been sensible on this one jimmy b. There are plenty more fish in the sea, its just catching them. :-))

the concept of these composite pallets is very interesting and innovative .... i'll see if any of my contacts move stuff by pallet and therefore have a view

If you read the IPO thread cynic you'll see roughly how this works . Tracking is nothing new most groupage pallets can and are tracked.

i know exactly how tracking works and how long it has been around, but certainly our clients would have strong objections, and quite rightly so
i certainly like the concept, but i'ld like to get some feedback from real end-users - i.e. clients of ours (if any) who move stuff internationally on pallets

From the company site, looks like it is proving successful for RM2


RFID enabled pallets can provide tracking and location history on a real time basis to monitor and manage the pallets within your pool accurately and simply.

The system is managed by experienced staff who are able to advise on creation and management of closed-loops within supply chains. This, coupled with an innovative and flexible approach, drives efficiency and margins across the board through: reduction in complexity, better asset retention, real-time product tracking and reduced product damage. A testament to this is that the service is successfully used by many large and multi-national companies, handling millions of pallet movements annually.

don't forget, RM2 is on a selling mission, but if you can be bothered to read my silly posts, i certainly like the concept of composite over wood ..... but nor should you forget that (from memory) the company will not start getting interesting for another 12/18/24 months, so plenty of time to cogitate

Did anyone purchase today ?

cynic ,i have a wealth of experience in international road transport ,companies sending one pallet or a full load by a transport contractor usually have their goods tracked ,, my question is why would clients have any objections to tracking ???

jimmy b, when a company rents pallets are they paying for the pallets only for the time in use or does the rent cover unlimited use. Just read on a German site about tracking in plastic pallets, that it can save large costs for when the pallets are not in use. Perhaps there are different forms of lease/rent ?

when the lessee has control of the equipment, he pays 365/365 ...... it is very rare for there to be any variance to that
if you think about it, if X has control, then it cannot be utilised by anyone else
what may happen, is that X will sub-let it to Y, though X will still be responsible to the lessor for all ongoing rental and other costs

===============

jimmy - you are right that the goods are almost certainly tracked - it's a one-way movement - but the pallet is a separate entity from those goods
if the pallets are permanently being tracked from job to job to job, then there is a potential leak of confidential information as to clients and traffic etc, especially if being used internationally

Thanks cynic.

DC in the old days you would have a contract with Chep (the blue pallets) ,say Heinz for instance ,their factory would use only those for their goods ,the company who receives their goods signs for the goods and for say 24 pallets or returns the same amount .So just as an example a company may be renting 5000 pallets.


cynic ,you have a point , i dont suppose RM2 are tracking for themselves as to where their pallets are ,i do remember Chep blue's were used in yards all over the place and were not being paid for ,large numbers as well ..

jimmy - but it is RM2 who actually have control (administer) of the tracking system, though their client will have restricted access to his own bits

A lot of Trust involved, by the sounds of it ?

you're right that in many ways that it's a perceived rather than an actual confidentiality/security risk, but businesses often grow by picking up a bit of info here, a bit there and a bit somewhere else, from which a complete jigsaw can sometimes be built

With major industry (and that's who will be using these) such as large food producers is it any secret as to where their goods are going ??

Cynic, I have still not got hold of this security issue. eg henry smith has 100 pallets of goods ( Take it its only the pallet tracked and not the items) delivered. So RM2 will have recorded for the sender and of course the renter of the pallets that Henry smith has a 100 of RM2's pallets rented by the sender. Am I missing something, where is a security risk ?

You will always have the man on the gate as a security issue, perhaps more than the tracking.

it's confidentiality risk about which companies are very concerned ..... competitors have a great interest in knowing who your clients are, who the consignees are, where the goods are loaded etc etc

i'm talking about international trade, not a pallet or two of bricks or whatever being delivered to the local builders yard

if X actually owns his pallets or whatever, then he will also be in sole control of the tracking system
not so if he is renting

i'm not guessing .... i'm telling you the way it is

I'm not saying you are guessing, as you can understand just trying to get hold of the concept. Good to talk to you and jimmy who understand the business.

So at the end of the day the choice lays with the company if they want to hire tracked or untracked pallets from RM2.

no idea
if these tracking devices are somehow and normally built into the corner blocks - but how would the signal then be picked up? - it would be difficult to build without the device and/or to identify which pallets did or did not have the device - different colour corner blocks perhaps?

Cynic those pallets will not be rented for a couple of pallets of bricks i can assure you ,they have tracking on them so that folk like that can't start using them as i said Chep pallets ended up all over the place.. Plus companies have tracking on the goods not pallets ,those pallets are not returned .

whatever you say
and as i have said before, i very much like the concept of these composite pallets, and merely raise some almost peripheral questions

i can only tell the score from the perspective of our own international industry that moves liquid chemicals and gases in much more expensive kit - about £15,000 per standard to about £70,000 for some of our more specialised kit

Still to early for me to invest. Like you said in an earlier post cynic, may take a year or two to develop. Very interesting.

Same for me DC ...

Thanks for both of your inputs. :-))

I still think the most important point was raised by skinny on the IPO thread:

skinny - 30 Dec 2013 16:44 - 312 of 354

But can you burn them?

Don't be so tight and go and buy some logs. :-))

Going to need a regular supply of news to keep the interest, could well fall otherwise.

I think you'v got that right DC ..

Pleased we did not go in at 111p early on jimmy b. Nice to get the call right between us.

love and kisses all round!

You can join in halifax we'll have a group hug :))

Down over 5%

Lot of hype with this float which has yet to be justified. I am over 10p down on the shares I bought on 6th jan.

RM2 seems to be on the way back up with a couple of pence added

I hope you do well scroogebaby, just wonder how far off some sp movement news is?

Director/PDMR Shareholding

RNS


RNS Number : 5277X

RM2 International SA

13 January 2014






RM2 International S.A.



Director / PDMR Shareholding



RM2 International S.A. ("RM2" or the "Company") announces that it was notified on 10 January 2014 that The Swiftsure Trust, a discretionary trust of which the principal beneficiaries are the children of Ian Molson, Chairman of RM2, acquired 500,000 ordinary shares in the company ("Ordinary Shares") at a price of 93.58 pence per ordinary share on that date.



Following this transaction, Mr Molson is interested in a total of 4,451,340 Ordinary Shares, representing approximately 1.4 per cent. of the existing issued share capital of the Company.

at least he is happy to marry money with mouth
longer term, i think this is a very interesting concept and company so hope i remember to tuck some away in due course

Perhaps he thinks buying will halt the sp fall.

sp 89p steadily slipping away.

Steady sell off.

Be interesting to see if this drops below placing price of 88p

was just quoted 88.01 to buy, with a bid offer 80/81. There could still be a major shareholder selling at 88p leftover from the float.

What near term news will make the sp rise ?

none

:-((

judging by the quote and the spread, most of the 'sells' are really buys. Look out for a humungous sell and then maybe it has a chance of rising.

I don't see any rush to jump in yet, as the news flows it will hopefully be a different story.

It's a great story, I was going to invest on the opening day, but according to the admission doc no revenue for the last 3 years and no inventories, so I held back. Still interested, but its a wait and see. The big plus for the story is that Neil Woodford is a major investor.

Same here, but changed my mind the evening before on reading the admission document.

sp 77p continues downwards.

just as interesting is that there is no interest - look at the pathetic trading volumes

Exactly ,and no news either .

Shares -

Pile RM2 stock high

Market has misunderstood pallet maker as IPO gains fade


Pallet maker RM2 International (RM2:AIM) is trading below the 88p issue price for this month’s IPO (6 Jan) creating an opportunity. Investors have worried about high-profile sector flops and a lack of detail on contracts in the admission document. But we see strong upside based on long-term rental contracts generating significant cashflow.

The earnings forecast blackout period ends next week (Feb 6), at which point forecasts are likely to underline the £244 million cap’s strong growth potential. The firm is also poised to update the market on its plans, although Shares can reveal that several pilot projects have already turned to full contracts.

‘A huge amount of logistics info has been exchanged between clients and us by the time it gets to the pilot stage,’ says chief executive officer (CEO) John Walsh, underlining the strong relationships which the company develops with potential customers. ‘We’re not simply handing them a pallet to test. We believe the conversion rate from pilots to contracts will be almost 100%.’

Revenue, profit and cash generation is essentially a story for 2015 and beyond. This year is about building scale and turning pilots to contracts. Walsh reckons revenue will hit $250 million next year and then double in 2016. He attributes the falling share price since the first day’s spike to long-standing investors exiting.

thought i'ld have another look at these, but apart from the fact th it's one of these x-auction, MM-only stocks, the margin requirements are ridiculous - IG quote 25% for up to 5,000 shares and then 41% thereafter to 30,000

question - is it worth buying just 5,000 shares = <£4,000?

==============

having dwelt on it, i decided it wasn't a bad longer term punt as i certainly like the idea and concept - and even understand it!

cynic looking at the trades you appear to be on your own atm.

quite possibly, but as i pointed out before, it's a somewhat strange stock in which to deal

large sell of 1,573,318, followed by a tick up.

cynic some buying at last.

sp recovering heading upwards presumably news coming

no idea, but pleased to have got in at well below IPO price ..... as i said before, i like the concept, though meaningful results will still be a good year or nmore away

Nearly two months since IPO with not a lot of news. Still watching.

Down 4.79%,on Monday, RM2 International SA (RM2:LSE) closed at 74.50, 0.68% above its post-IPO low of 74.00, set on Feb 06, 2014.

On Tuesday, RM2 International SA (RM2:LSE) closed at 70.50, 0.71% above its post-IPO low of 70.00, set on Mar 17, 2014.

Director/PDMR Shareholding

RNS


RNS Number : 7256C

RM2 International SA

19 March 2014






RM2 International S.A.



Director / PDMR Shareholding



RM2 International S.A. ("RM2" or the "Company") announces that it was notified on 19 March 2014 that The Swiftsure Trust, a discretionary trust of which the principal beneficiaries are the children of Ian Molson, Chairman of RM2, acquired a total of 500,000 ordinary shares in the Company ("Ordinary Shares") on 18 March 2014 at a price of approximately 70.4 pence per Ordinary Share.



Following this transaction, Mr Molson is interested in a total of 6,775,000 Ordinary Shares, representing approximately 2.13 per cent. of the existing issued share capital of the Company.

Dan Coatsworth
‏@SharesMagDan #RM2 floated at 88p & has been on the stockmarket for 88 days - yet still no trading update. Staff getting bonuses though: new shares issued



5:46 am - 4 Apr 2014

Director / PDMR Shareholding

RNS


RNS Number : 8009E

RM2 International SA

14 April 2014






RM2 International S.A.



Director / PDMR Shareholding



RM2 International S.A. ("RM2" or the "Company") announces that it was today notified that Jan Dekker, a Non-Executive Director of RM2, purchased a total of 176,000 ordinary shares in the Company ("Ordinary Shares") on 11 and 14 April 2014 at a price of 70 pence per Ordinary Share.



Following this transaction, Mr Dekker is interested in a total of 2,300,000 Ordinary Shares, representing approximately 0.72 per cent. of the existing issued share capital of the Company.

Stockopedia -

RM2 International S.A.: Silence Since the IPO

Friday, Apr 25 2014 by Heisenberg


RM2 International SA (LON:RM2) was admitted to AIM on 6 January 2014 amid much fanfare due to the high profile board that had been assembled including Sir Stuart Rose, Paul Walsh (ex Diageo CEO).


RM2 specialises in pallet development, manufacture, supply and management and was founded in Luxembourg in 2007 to establish a disruptive presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets.

RM2 has designed and manufactured the BLOCKPal, a multi-trip pallet made of a glass fibre and resin composite that is suitable for use in both automated and manual areas of the supply chain of sectors such as fast moving consumer goods, food ingredients, pharmaceuticals and packaging.



In the period of 109 days since the IPO there have been no updates of any note (a number of RNS’ related to Director’s buying shares and that is basically all). I haven’t checked but I figure they must be complying with the AIM rules in terms of minimal required disclosure. However, it does strike me that with the high profile names behind it, raising £137.2m in the IPO, ambitions of trying to establish a leading market position with new customers and a new technology ('plastic pallet') across multiple markets, one would have reasonably expected some meaningful news which warrants informing the shareholders about (of which I am not one by the way) - this is over the best part of nearly one-third of a year.

The IPO price was 88p and today the share price is currently at 65.5p, a fall of only 26% for anyone fortunate enough to get in at the placing price. For anyone unfortunate enough to purchase immediately after the IPO the share price was over 100p briefly so they could be facing current paper losses of over 35% - even with the recent sell-off in certain stocks across the market that is a significant number.

There is also another aspect that caught my attention in relation to RM2 which portrays itself as a manufacturer and logistics operation – it seems to have been devised and is currently run by a number of ex-bankers. Here are the ones I could find in the Admission Document:
•Board Non-Executive Chairman (been doing most of the share buying by the way): ex investment banker
•CEO: ex investment banker (Admission Document description “…recognised as the third most influential European in US Financial Markets by Financial News (November 2005) and the seventh most important British Businessman in the US by the Sunday Times (December 2005)”)
•Chairman North America: ex investment banker
•Head of North American Sales and Marketing: ex investment banker, on the sales side (must admit I cannot see much relevance in his background to the role he is apparently fulfilling at RM2)
•Head of Manufacturing: ex finance industry
•Strategic Development and Investor Relations: ex investment banker



Special Offer: Invest like Buffett, Slater and Greenblatt. Click here for details »

You should make up your own mind as to whether this is an appropriate mix of skills for the RM2 business but seems heavy on ex-bankers to me in key operational roles.

In any event one would have thought they would have been savvier in their capital markets communication strategy than they have been to date (the company did raise £137.2m after all). Perhaps they genuinely have no updates on the business that warrant an RNS communication (no update for Q1 although they will need to put out interims at some stage).… it does beg the question then of what have they been doing and what sort of signal is this sending?

In my view when you are planning your IPO and discussing with your broker / nomad and PR team you formulate a PR strategy in terms of likely news events over the next 12 – 18 months that will assist in informing and updating your shareholders and also to generate new shareholder interest in the company. Not releasing any bit of trivia as an update for the market as some companies do but what are the deliverables and milestones for RM2 vs the strategy / business plan and likely timing of these – such events are then going to demonstrate progress is being made. It’s not rocket science and its all part of the planning for going public.

In contrast it is interesting to note that CityFibre Infrastructure Holdings (LON:CFHL) which was admitted to AIM on 17 January 2014 (11 days after RM2) has since released 4 separate business updates, including another today.

RM2 has the slogan of “Creating Value in Volume” – its early days for RM2 as to whether this concept is going to work and I offer no view on this as I have not researched the RM2 business in any depth or the market they are targeting. It's pre revenue as far as I can see in the Admission Document so this would count it out for me at this stage anyway. Did RM2 come to the public markets too early and was it better off remaining private until more demonstrable progress was achieved?

Guess we will have to wait and see what the first ‘real RNS’ says and perhaps it will spring into life after this – without any tangible evidence of progress who knows at this stage. As for the Director's buying of shares - let them get on with it in my view as they have been poor judges so far with purchases at prices as high as 93.58p. Ultimately, current and potential investors need to be able to form their own view based on tangible facts.

Operational Update

RNS


RNS Number : 0071G

RM2 International SA

01 May 2014






RM2 International S.A.



OPERATIONAL UPDATE



Production and new manufacturing site lease



RM2 International S.A. ("RM2" or the "Company"), the vertically-integrated innovator in pallet development, manufacture, supply and management, today announces that it has entered into a lease for a 265,000 square foot production facility (the "New Facility") in Ontario, Canada. The New Facility will allow the Company to concentrate its pultrusion activity and related expertise in a single location and has capacity for machinery capable of pultruding the parts for up to approximately 8 million BLOCKPal™ pallets per year (an increase of over 100% from the anticipated capacity of the existing 135,000 square foot facility at the IPO). Pallets will also be assembled at the New Facility, and in due course at additional locations, for delivery to RM2's customers. Operations are expected to begin at that location in June 2014.



A detailed review of the specialist pultrusion machinery being used in the manufacturing of the BLOCKPal™ pallets has identified that machines from certain suppliers are significantly more efficient when operating at high capacity. Concentration of production utilising these machines is expected to result in a material reduction in capital expenditure and pallet production costs. The Company expects to have a total of 25 pultrusion machines installed and operating in the New Facility and 6 automated assembly lines by the end of the third quarter.



The changes in supplier mix and the transfer to the New Facility will result in considerably lower pallet production than anticipated in the first half of the year. It is expected that production in the second half of the year, which was anticipated to be the more significant period, will be in line with management's original expectations and will be managed according to demand.



Since IPO, the Company has continued to test and make improvements to the design and construction of the BLOCKPal™ pallet and the results indicate that the typical life cycle of the pallet has now increased since the earlier test data, whilst the weight of the standard pallet has also been materially reduced.



Pallet Deployment



RM2 has now leased and sold pallets to blue chip customers in Europe and North America across a number of key market sectors. Currently, due to the changes being made to the Company's production facilities and customers' own adoption processes, these are in small numbers. However, the Company expects to secure more substantial orders from both existing and new customers in the short to medium- term.



Chief Executive Officer, John Walsh, commented:



"I'm encouraged by the implementation of RM2's business plan since the IPO just a few months ago. The data from the machinery working at high capacity has been invaluable and this, together with the new, enlarged facility, will enable us to expand production significantly in the coming months in a single location and to benefit from other operational efficiencies.



As our objective is to be a disruptive presence in the global pallet market, we continue to respond to the feedback from, and the needs of, our customers.



I look forward to reporting further progress when the FY13 results are published in June."



The Company will provide a further operational update with the publication of its results for the 12 month period to 31 December 2013, which are planned to be released on 16 June 2014.

what a bloody awful rns

:-)) Were they truly ready to come to the market, I don't think so.

my opinion too .... they gave the impression of far more already in the bag

Small write up in this weeks Shares - They remain bullish on potential .The next catalyst will be results on 16 June, this will show losses as RM2 had no revenue in 2013. The important part will be any comment on current trading and more detailed references to customer take -up.

Off its lows today with a 5.5% rise.

Director/PDMR Shareholding

RNS


RNS Number : 7934J

RM2 International SA

17 June 2014






RM2 International S.A.



Director / PDMR Shareholding and

Issue of Equity



RM2 International S.A. ("RM2" or the "Company"), the vertically-integrated innovator in pallet development, manufacture, supply and management, confirms that it was notified on 16 June 2014 of dealings in the ordinary shares of $0.01 each in the Company (the "Ordinary Shares") on that date by certain of its non-executive directors.



Paul Walsh, a Non-Executive Director of RM2, acquired 100,000 Ordinary Shares at a price of 54 pence per Ordinary Share. Following this transaction, Mr Walsh is interested in a total of 1,539,091 Ordinary Shares, representing approximately 0.48 per cent. of the existing issued share capital of the Company following the issue of shares referred to below.



The Swiftsure Trust, a discretionary trust of which the principal beneficiaries are the children of Ian Molson, Chairman of RM2, acquired 500,000 Ordinary Shares at a price of 50.81 pence per Ordinary Share. Following this transaction, Mr Molson is interested in a total of 7,500,000 Ordinary Shares, representing approximately 2.33 per cent. of the existing issued share capital of the Company following the issue of shares referred to below.



In addition, the Company confirms that it has issued a total of 2,317,000 Ordinary Shares (the "New Ordinary Shares") to certain employees as part of equity incentive arrangements.



Application has been made to the London Stock Exchange for the New Ordinary Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM, and admission is expected to become effective on 23 June 2014.



Following admission of the New Ordinary Shares, the Company will have 321,777,156 Ordinary Shares outstanding. The figure of 321,777,156 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules.



1,000,000 of the New Ordinary Shares are subject to the lock-in arrangements detailed in paragraph 6.2 of Part VII of the Admission Document dated 17 December 2013 and the remaining 1,317,000 New Ordinary Shares may not be disposed of in any manner prior to the third anniversary of their issuance date.

On Tuesday, RM2 International SA (RM2:LSE) closed at 52.00, 4.00% above its post-IPO low of 50.00, set on Jun 16, 2014.

19/06/2014 BUY Jan Dekker NED 100,000
17/06/2014 BUY R Ian Molson CH 500,000
17/06/2014 BUY Paul Walsh NED 100,000

Notification of Major Interest in Shares

http://www.moneyam.com/action/news/showArticle?id=4833619

Seem to have risen well since the Director buys.

What did Woodford buy? Fans of investing star crash his website in stampede to find out all 61 shares in new fund

By Tanya Jefferies

Published: 12:40, 14 July 2014 | Updated: 14:39, 14 July 2014




http://www.dailymail.co.uk/money/investing/article-2691457/Neil-Woodford-fans-crash-site-stampede-discover-fund-holdings.html

Director/PDMR Shareholding

RNS


RNS Number : 7201M

RM2 International SA

18 July 2014






RM2 International S.A.



Director / PDMR Shareholding



RM2 International S.A. ("RM2" or the "Company") announces that it was notified on 17 July 2014 that John Walsh, Chief Executive Officer of RM2, purchased a total of 1,000,000 ordinary shares in the Company ("Ordinary Shares") on that date at a price of 61.625 pence per Ordinary Share.



Following this transaction, Mr Walsh is interested in a total of 21,052,680 Ordinary Shares, representing approximately 6.6 per cent of the existing issued share capital of the Company.

RM2 International boss buys £0.6m of shares

Fri, 18 July 2014
Chg: 0.00



Pallet manufacturer RM2 International, which floated on the stock market at the start of the year, has announced that its boss John Walsh has bought one million shares in the company.

Former banker Walsh, who has been RM2's Chief Executive since its inception, purchased the shares at a price of 61.625p, just a month after the shares hit a new low of 50p.

Ahead of Walsh's transaction on Thursday, the stock had fallen by over a third since its debut in January, The price had reached a high of 112p shortly after listing.

Walsh's £0.62m spend lifted his stake in RM2 to over 21.05m shares, equal to a 6.6% holding.

Last month, the firm reported an annual loss before tax of $77.2m for 2013, compared with $21.3m the year before, mainly as a result of higher admin expenses and finance costs.

Anyone in here apart from cynic ?

Only the directors.

On the move, just under 17.5% rise today.

Up another 8% today. Not sure what's driving this, as there is no news.

Sharecast -


Despite its troubles since floating in January pallet manufacturer RM2 International has managed to attract some of the market's most renowned investors of late. It came to the market at 101p but by the time of its annual results on 16 June, the shares were trading at just 54p. Despite this, Britain's best-known value investor, Neil Woodford, purchased 24m shares in the firm though his new fund Woodford Investment Management. That equates to 7.5% of the company's shareholders' equity. As well, the company has brought on board two high-profile directors, former Diageo chief Paul Walsh and ex-Marks & Spencer boss Sir Stuart Rose, The Daily Telegraph's Questor team said.

However, last year the company saw its losses before taxes balloon, in large part due to a $40m payment to settle warrants issued to private investors. Despite the confidence in the shares, Questor believes that it cannot recommend them "with such expensive debts until a set of clean results appears". So 'sell', the tipster tells readers.

Interim Results

RNS


RNS Number : 0815S

RM2 International SA

19 September 2014






RM2 International S.A.



Interim Results



RM2 International S.A. ("RM2" or the "Company"), the vertically-integrated innovator in pallet development, manufacture, supply and management, is pleased to announce its unaudited results for the six months to 30 June 2014.



Financial Highlights

· Successful AIM IPO in January 2014 raising gross proceeds of US$225 million (£137.2 million)

· Revenues for the first six months of 2014 of US$0.78 million (H1 2013: nil)

· Loss after tax for the period of US$22.2 million (H1 2013: US$9.0 million)

· Debt free with cash balances of US$115.5 million at 30 June 2014



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

· Increase of manufacturing capacity proceeding on schedule

· Management team strengthened further



Ian Molson, Chairman of RM2, commented:



"The decisions made in early 2014 have begun to bear fruit as our production builds alongside demand for our products and solutions. We believe we have put in place the foundations for a business that can grow significantly."



John Walsh, Chief Executive Officer of RM2, commented:



"Recent contract wins for RM2 coincide with an increase in production at our new facility. I am confident in the scalability of these contracts and of both further contract wins and increasing customer demand."

a little acorn i hope ...... their concept is certainly very good indeed

One worth keeping an eye on.

i have some in my pension

Seems to be in an upward trend. Very little news announced from this company.

RM2 International the vertically-integrated innovator in pallet development, manufacture, supply and management, is pleased to provide the following operational update and to announce continued progress in the deployment of its BLOCKPal™ pallet:

http://www.moneyam.com/action/news/showArticle?id=4942234

Shares - A key risk is the potential required for additional financial resources. RM2's $87 million cash position is forecast to turn into a net debt position of $85 million by the end -2015 and $266 million by end-2016, which reflects the capital intensive nature of the business. Net debt to EBITDA will be over 10 times in 2015 and 4.5 times in 2016, falling to 3.3 times in 2017.Analysts RBC puts a 100p price target based on a 2018 estimated enterprise value to EBITDA multiple of 5.33 times. This implies a 57% upside to the current price of 63.5p .

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

http://www.moneyam.com/action/news/showArticle?id=4956492

Market Buzz

RM2 chairman raises stake

Fri, 23 January 2015


Article viewed 17 times






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RM2 chairman raises stake

The children of RM2 International's chairman acquired some shares in the pallet manufacturer company as part of the Swiftsure Trust.
Ian Molson's children bought 1m shares through the trust at an individual price of 51p, spending a total of £510,000 in the transaction.

Molson holds now 8.5m shares, which represents 2.63% of the existing issued share capital.

The firm said last month in a trading update that its production levels continued to build up and are expected to increase significantly with demand through 2015.

RM2 said it remains focused on "converting its significant pipeline of opportunities into sizeable long-term orders and on extending its services with existing clients".

i have a few of these in my sipp ..... i understand the concept and i think it is very good .... whether or not the industry embraces it remains to be seen

I get the feeling the senior management by now have a good guide of contacts and future orders of the business. Also the share purchases for various members of the boards family should bode well in the future.

Director/PDMR Shareholding
RNS
RNS Number : 8418D
RM2 International SA
03 February 2015



RM2 International S.A.



Director / PDMR Shareholding



RM2 International S.A. ("RM2" or the "Company") confirms that it was notified on 2 February 2015 that Paul Walsh, a Non-Executive Director of RM2, acquired 100,000 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") on that date at a price of 50 pence per Ordinary Share. Following this transaction, Mr Walsh is interested in a total of 1,639,091 Ordinary Shares, representing approximately 0.51 per cent. of the existing issued share capital of the Company following the issue of shares referred to below.

Market Buzz

Tue, 03 February 2015

RM2 chief executive raises stake

The chief executive of RM2 International bought shares in the pallet manufacturer in a show of confidence in the company.
Paul Walsh bought 100,000 shares for an individual price of 50p, spending a total of £50,000. Walsh now holds a total of 1.64m shares in RM2.

That is equal to 0.51% of the AIM-listed firm´s issued share capital.

In its December trading statement the group said that its levels of production were continuing to increase, in-line with demand.

Output was then running at a rate of approximately 3,000 BLOCKPal pallets per day. That was expected to increase significantly with demand through 2015.

The company was also continuing to ramp-up its production capacity at its Ontario facility, as planned.

Management also said that it remained focused on "converting its significant pipeline of opportunities into sizeable long-term orders and on extending its services with existing clients".

Do not think the market is convinced yet , even with the major share purchasing.


Director/PDMR Shareholding
RNS
RNS Number : 4072E
RM2 International SA
09 February 2015

RM2 International S.A.



Director / PDMR Shareholding



RM2 International S.A. ("RM2" or the "Company") confirms that it was notified on 6 February 2015 that Jan Dekker, a Non-Executive Director of RM2, acquired 100,000 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") on that date at a price of 48 pence per Ordinary Share. Following this transaction, Mr Dekker is interested in a total of 2,500,000 Ordinary Shares, representing approximately 0.77 per cent. of the existing issued share capital of the Company following the issue of shares referred to below.

i have a fairly small number in my sipp as i think the concept is very good - and for once i understand it!

Perhaps going to be a couple of years.

in my sipp, it doesn't matter

Agree, I think they will come right and so do the directors by the amount they are purchasing. :-))

Re: Agreement
RNS
RNS Number : 2011G
RM2 International SA
02 March 2015





RM2 International S.A.



RM2 Announces pallet deployment with PPG Industries, Inc



RM2 International ("RM2" or the "Company"), the vertically-integrated innovator in pallet development, manufacture, supply and management, is pleased to announce that it has received a commitment from PPG Industries, Inc. ((NYSE:PPG) and "PPG") an S&P 500/Fortune 200 company for the deployment of RM2 pallets. RM2 expects this deployment, which begins immediately, to exceed 250,000 of BLOCKPalTM pallets and to take place in stages across various business units and geographical areas.



Chief Executive Officer of RM2, John Walsh, commented:

"This substantial relationship is further evidence of the benefits the RM2 BLOCKPalTM brings to major corporations across all industry sectors. RM2 is proud to be working in partnership with PPG, helping them to improve efficiencies, achieve sustainability goals and deliver significant savings across large parts of their supply chain."



Viktoras R. Sekmakas, Executive Vice President of PPG commented:

"Deployment of the RM2 BLOCKPalTM will improve PPG's efficiencies and help us to achieve our sustainability mandate. The exceptional strength, durability and handling characteristics of the BLOCKPalTM make RM2 a valuable partner for PPG."

Director/PDMR Shareholding
RNS
RNS Number : 4230G
RM2 International SA
03 March 2015

RM2 International S.A.



Director / PDMR Shareholding



RM2 International S.A. ("RM2" or the "Company") confirms that it was notified on 2 March 2015 that The Swiftsure Trust, a discretionary trust of which the principal beneficiaries are the children of Ian Molson, Chairman of RM2, acquired 400,000 ordinary shares of $0.01 each in the Company (the "Ordinary Shares") on that date at a price of 60 pence per Ordinary Share. Following this transaction, Mr Molson is interested in a total of 8,900,000 Ordinary Shares, representing approximately 2.76 per cent. of the existing issued share capital of the Company following the issue of shares referred to below.

Still buying i see DC .

this is a real slow burner .... with a bit of luck it will eventually catch fire rather than be snuffed out, but could be a good 12/18/24 months yet

I think it is warming up. I think you are on a winner. Look at the huge director buying.
Just needs a steady flow of orders.

Just seen your post jimmy, A bit like the company we were talking about last night. I tend to think its better to take perhaps a small position early on.

i have this in my sipp so plenty of time .... i'm not scheduled to die for a good while yet :-)

Don't die yet otherwise there will not be many posters left. :-))

Director/PDMR Shareholding
RNS
RNS Number : 4601G
RM2 International SA
04 March 2015

RM2 International S.A.



Director / PDMR Shareholding



RM2 International S.A. ("RM2" or the "Company") confirms that it was notified on 3 March 2015 that The Swiftsure Trust, a discretionary trust of which the principal beneficiaries are the children of Ian Molson, Chairman of RM2, acquired 500,000 ordinary shares of $0.01 each in the Company (the "Ordinary Shares") on that date at a price of 60 pence per Ordinary Share. Following this transaction, Mr Molson is interested in a total of 9,400,000 Ordinary Shares, representing approximately 2.9 per cent. of the existing issued share capital of the Company.

Director/PDMR Shareholding
RNS
RNS Number : 9712G
RM2 International SA
10 March 2015

10 March 2015



RM2 International S.A.



Director/PDMR Shareholding



RM2 International S.A. ("RM2" or "the Company") confirms that it was notified on 9 March 2015 that Amaury de Seze, a Non-Executive Director of RM2, acquired 200,000 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") on that date at a price of 64 pence per Ordinary Share. Following this transaction, Amaury de Seze is interested in a total of 1,350,000 Ordinary Shares, representing approximately 0.42 per cent. of the existing issued share capital of the Company.

Shares - At 64p we see plenty of room for growth.

Holding(s) in Company
RNS
RNS Number : 7586H
RM2 International SA
18 March 2015

18 March 2015



RM2 International S.A.



Holding(s) in Company



RM2 International S.A. (the "Company") was notified on 17 March 2015 that Invesco Limited now has an interest in a total of 97,261,027 ordinary shares in the Company, representing 30.11% of the total issued share capital.

Director/PDMR Shareholding
RNS
RNS Number : 2554J
RM2 International SA
02 April 2015



RM2 International S.A.



Director / PDMR Shareholding



RM2 International S.A. ("RM2" or "the Company") confirms that it was notified on 1 April 2015 that John Walsh, the Chief Executive Officer and an Executive Director of RM2, acquired 1,200,000 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") on that date at a price of 54 pence per Ordinary Share. Following this transaction, John Walsh is interested in a total of 22,252,680 Ordinary Shares, representing approximately 6.89 per cent. of the existing issued share capital of the Company.

Holding(s) in Company
RNS
RNS Number : 0147L
RM2 International SA
22 April 2015

22 April 2015



RM2 International S.A.



Holding(s) in Company



RM2 International S.A. ("RM2" or "the Company") was notified on 22 April 2015 that Woodford Investment Management LLP now has an interest in a total of 60,660,511 ordinary shares in the Company, respectively, representing 18.8% of the total issued share capital.

Holding(s) in Company
RNS
RNS Number : 0216L
RM2 International SA
22 April 2015

22 April 2015



RM2 International S.A.



Holding(s) in Company



RM2 International S.A. ("RM2" or "the Company") was notified on 22 April 2015 that Invesco Limited now has an interest in a total of 72,164,500 ordinary shares in the Company, representing 22.33% of the total issued share capital.

heading for a breakout?

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Holding(s) in Company
RNS
RNS Number : 7128M
RM2 International SA
11 May 2015

11 May 2015



RM2 International S.A.



Holding(s) in Company



RM2 International S.A. ("RM2" or "the Company") was notified on 7 May 2015 that Verlinvest SA and J.P. Morgan Securities Plc now have interests in total of 17,500,000 and 16,997,695 ordinary shares in the Company, respectively, representing 5.42% and 5.26% of the total issued share capital.



In addition, RM2 was also notified on 7 May 2015 that Invesco Limited now no longer holds any ordinary shares in the Company.

Director/PDMR Shareholding
RNS
RNS Number : 2368Q
RM2 International SA
16 June 2015

16 June 2015



RM2 International S.A.



Director / PDMR Shareholding



RM2 International S.A. ("RM2" or "the Company") confirms that it was notified on 15 June 2015 that Paul Walsh, a Non-Executive Director of RM2, acquired 100,000 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") on that date at an average price of 68.5 pence per Ordinary Share. Following this transaction, Paul Walsh is interested in a total of 1,739,091 Ordinary Shares, representing approximately 0.54 per cent. of the existing issued share capital of the Company.

Market Buzz

RM2 International director buys shares after strong maiden results

Tue, 16 June 2015



RM2 International director buys shares after strong maiden results



A non-executive director at RM2 International increased his stake in the company one day after it reported a trim in pre-tax profits and a boost in revenues in 2014.
Paul Walsh purchased 100,000 shares for an individual price of 68.5p, spending £68,500.

Following the transaction, Walsh holds 1.7m shares in the group, which represent 0.54% of its issued share capital.

The shipping pallet seller and provider on Monday posted a pre-tax loss of $47.3m in the 12 months to 31 December, an improvement from $77.2m in 2013.

The deployment of pallets is expected to expand significantly over the remainder of 2015 and into 2016, thanks to a substantial agreed sale to a major industrial customer.

Annual Results 2014

Director/PDMR Shareholding
RNS
RNS Number : 4770Q
RM2 International SA
17 June 2015

17 June 2015



RM2 International S.A.



Director / PDMR Shareholding & Transaction in Own Shares



RM2 International S.A. ("RM2" or "the Company") confirms that it was notified on 17 June 2015 that Amaury de Seze, a Non-Executive Director of RM2, acquired 100,000 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") on that date at 72.5 pence per Ordinary Share. Following this transaction, Amaury de Seze is interested in a total of 1,450,000 Ordinary Shares, representing approximately 0.45 per cent. of the existing issued share capital of the Company.



In addition, RM2 has acquired 342,334 ordinary shares of US$0.01 each in the capital of the Company, in connection with forfeitures due to departures under its ESOP program. These shares will be held as non-voting treasury stock. The Company's issued share capital consists of 323,030,156 ordinary shares and the total number of voting rights in the Company is 322,687,822.

"As a result primarily of the decision to change to gel coating, the Company will not achieve the substantial upswing in production that had been expected to begin in Q3 this year and accelerate through Q4. This means that revenue and production numbers for the full year will be significantly below previous guidance.

StockMarketWire.com
RM2 International has posted an H1 pretax loss of $25.2m, from a loss of $22.2m. Revenue was $1.8m, from $0.8m. Separately, the company intends to raise about £30m via a placing of about 75m shares at 40p each.

"We are delivering a quality, mass-produced product to our customers in ever-increasing volumes which will generate powerful performance for our shareholders," said CEO John Walsh of the interim results.

The company is debt free with cash and cash equivalents of $35.9m.

Production is expected to be not less than 2.5 million pallets in 2016, with a production run rate at the end of Q4 of 2016 of c.300,000 pallets per month.

IC - The update hardly inspires confidence and we are reducing our rating on the shares to hold at 43p.

i bought a smallish number for my sipp because i understand and like the concept and technology
nothing has changed, but that doesn't mean to say that even in 3/5 years time this will prove to have been a good investment

Agree Cynic, you can only wait and see that they achieve what they have stated. The product as we have said in the past sounds superior to the existing wooden pallets.

should-you-ditch-diageo-plc-marks-and-spencer-group-plc-and-buy-rm2-international-sa

i already hold some RM2 in my sipp
as set out a long way back, this concept is very good indeed and with moderate luck will pay off albeit that it may take another 3/4 years ..... can't see it much sooner, though i could be wrong, given that markets look forward

aha ..... an rns today as below ....sorry to be lazy as have not edited it down

RM2 Pallets Accepted into Supply Chain of Canada's Largest Retailer
RM2 (LSE-AIM: RM2), the sustainable composite pallet innovator, is pleased to
announce that Loblaw Companies Ltd (TSX: L) ("Loblaw"), Canada's largest
retailer employing approximately 192,000 full- and part-time employees, has
begun accepting RM2 pallets in its supply chain network. RM2 will continue to
work with Loblaw to further implement a programme of pallet deployment in the
coming years.

Loblaw Executive Vice President of Supply Chain, Rob Wiebe, commented: "We are
very pleased to begin accepting RM2 pallets in our distribution centres, and
we look forward to working with selected vendors to support this important
sustainability and efficiency initiative."

John Walsh, Chief Executive Officer of RM2, said: "Loblaw is greatly respected
as an innovative retailer with a deserved reputation as a champion of
environmental responsibility. We are delighted to be chosen to partner with
them and their supplier community to bring cost efficiencies, greater
sustainability and innovation into the supply chain."

Not looked in on this for sometime. Saw the good rise today, wow it does need to rise.

it's a real sleeper ...... just hope it remembers to keep breathing!

Sounds like the board of directors are sleeping as well. :-))

Some large director buys today.

08/07/2016 LOF R Ian Molson CH 2,675,000
08/07/2016 LOF Jan Dekker NED 200,000
08/07/2016 LOF Sir Stuart Rose NED 200,000
08/07/2016 LOF Sir Stuart Rose NED 200,000
08/07/2016 LOF Amaury de Seze NED 200,000

Significant new agreement
RNS
RNS Number : 4048M
RM2 International SA
13 October 2016
 
13 October 2016
 
RM2 International S.A.
 
Significant new agreement
 
RM2 (LSE-AIM: RM2), the sustainable composite pallet innovator, is pleased to announce that it has received a commitment from a global leader in temperature-controlled warehousing and logistics to the food industry, for the deployment of RM2 pallets and management of the company's pallet pool.  The deployment of pallets will start immediately and based upon the success of the initial locations, the business is projected to encompass the company's North American network. It is anticipated that the agreement will require over 200,000 pallets.      
John Walsh, CEO of RM2, commented: "When we announced the manufacturing agreement with Jabil in September this year, we noted that there were a number of deals under negotiation.  Today's agreement is the first of these announcements and is a significant agreement with a major corporation further demonstrating the effectiveness of RM2's innovative pallets across different industry sectors. We have worked with our client for several months and have been able to demonstrate the value that RM2's pallets can bring in an important sector for us."

Agreement with Pactiv LLC
RNS
RNS Number : 0547O
RM2 International SA
02 November 2016
 
2 November 2016
 
RM2 International S.A.
('RM2' or the 'Company')
 
Agreement with Pactiv LLC
 
RM2 (LSE-AIM: RM2), the sustainable pallet innovator, is pleased to announce that it has received an exclusive commitment from Pactiv LLC, a wholly-owned subsidiary of Reynolds Group Holdings Limited, to purchase and deploy the Company's BLOCKPal pallets for all non-wood pallet uses throughout its organisation.
Pactiv is a leading US manufacturer and distributor of food packaging and foodservice products and the Company is very pleased to be adding it to its growing list of clients. The terms of the contract anticipate Pactiv purchasing and deploying hundreds of thousands of BLOCKPal pallets in stages across various business units and geographical areas.
John Walsh, CEO of RM2, said, "RM2 is pleased to be entering into a commercial agreement for the sale of pallets with an industry leadership like Pactiv. This agreement is consistent with previous announcements in which we stated that a number of customer announcements were in the pipeline, consisting of both outright sales and lease agreements, such as the agreement with a global leader in temperature-controlled warehousing and logistics to the food industry announced earlier this month."

Very nice rise

this is a better class of REM :-) but nevertheless one that will require locking away

Why the rise ?

don't know .... i've held for a while probably at much higher price
i happen to like the technology and logic and it's something i actually understand for once

Reading Shares 10 Nov -Imminent news from pallet maker RM2 International (RM2:AIM) could help it regain the market’s interest. Buy at 27.5p. The £110m business looks to have fixed its problems and should soon announce its lower-cost production line in Mexico is up and running. It has also bagged contracts with big names including Unilever (ULVR) and Nestle (NESN:VTX).

Manufacturing operations update
RNS
RNS Number : 5794S
RM2 International SA
22 December 2016
 
22 December 2016
RM2 International S.A.
 
Manufacturing operations update
 
RM2, the sustainable composite pallet innovator, is pleased to update shareholders on progress at its new manufacturing operations in Mexico and China. 
Both initiatives are on track.  Pultrusion began in Mexico this month and the finished BLOCKPal product will be available in January.   The Company has agreed with its manufacturing partner, Jabil Circuit Inc (Jabil), the specific monthly ramp-up of production during the first half of 2017 with full production in Mexico expected in Q3 2017.  The process in China is approximately 10-12 weeks behind Mexico.
Kevin Mazula, COO and Head of Manufacturing at RM2, commented:  "We are extremely grateful for the commitment and co-operation we have received from our partners Zhenshi in China and Jabil in Mexico.   As a result of the swift progress we have made we are very confident that we will meet the deployment timetables that we outlined to our customers in North America."
John Walsh, RM2's CEO commented: "It is very gratifying to report that both these operations are well on track. Our strategic partnerships with Zhenshi and Jabil have transformed RM2's long term manufacturing cost base and capabilities. We now have excellent visibility for cost efficient production and volumes during 2017 and beyond.  I look forward to giving a further production update in Q1 2017."

my modest sipp stake is significantly down, but i have always liked and understood the concept of this product, so just perhaps this is the end if the beginning rather than the reverse

Perhaps 2017 will be the company year ?

UP 21% TODAY, Last update received well.

RM2 Product Approved by Major US Retailer

RNS


RNS Number : 7917V

RM2 International SA

02 February 2017




2 February 2017





RM2 International S.A.

("RM2" or the "Company")



RM2 Product Approved by Major US Retailer



RM2 (LSE-AIM: RM2), the sustainable composite pallet innovator, is pleased to announce that its BlockPalTM pallets have been approved by one of the largest US retailers for use by its suppliers, effective from 1 February 2017.

The Board is highly encouraged by this development, which represents a significant milestone for the validation of the BlockPalTM product and significantly enhances its profile and potential customer base.

Proactive investor - Shares in RM2 International (LON:RM2) collapsed on Monday afternoon after the pallet manufacturer dropped plans to raise £60mln.
RM2 announced its intention to raise the cash back in last month’s annual results, but said today that the raise would not be in the “best interests of the company and its shareholders”.

The money was originally earmarked to cover the costs of the business through to the end of the year after which a larger additional placing would be arranged, but RM2 will now look at other options.
In today’s statement, the AIM-quoted group said: "The board continues to pursue various other financing alternatives, which may include the issuance of equity and/or debt instruments.”
Shares tumbled by 36.6% to 8.4p.

Looks like this turned out to be a dog .

i'm afraid so
i really liked the concept and had high hopes of it, but i fear this will end in tears and dust

StockMarketWire.com
Pallet provider RM2 International said it has not yet been able to secure sufficient funding to provide a production forecast for its Chinese manufacturing partner Zhenshi.

The company had stated in September that it intended to provide a 12-month production forecast by the end of November.

"The board remains confident of the company's ability to obtain funding upon receipt of purchase orders for ELIoT-enabled smart pallets," it said.

"This follows positive feedback received from trials undertaken by a number of potential customers in North America over the last few months and discussions with several Fortune 500 customers who have expressed an interest in the pallets."

RM2 said it expected to have sufficient cash to continue operating through January 2018.

"The company continues to advance its discussions with potential funding partners and will provide further updates as and when appropriate," it said.

"The company remains committed to further reducing its overheads and continues its efforts to monetise, to the extent possible, certain historical assets."

Is this going to become a casualty?

i'm afraid it looks that way
the concept was really good but clearly the execution was not

Above 70p in 2015.

great concept, but clearly bad management execution ..... very sad

A real shame. Mind you we are 4 yrs older since the opening of this thread, seems like yesterday. :-))

Financial Position and Product Update
RNS
RNS Number : 2300H
RM2 International SA
09 March 2018

9 March 2018
RM2 International S.A.

Financial Position and Product Update
RM2 International S.A. ("RM2" or the "Company"), the sustainable smart pallet innovator, provides the following update regarding its financial position and customer relationships.
The Company continues to proactively transition the business to focus on IoT technology in pallet applications, servicing its existing customers and developing new relationships with certain Fortune 500 companies.
As a part of that transition, the Company will continue to reduce resources and investments in non-core, non value-add activities so that it can increase its investment in service.
The Company is now pleased to report that, following the sale of a non-core office building in Switzerland and repayment of the related mortgage, it received net proceeds of approximately $2 million and is therefore able to extend its cash resources to continue operating through mid-April based on information available to it today. The timeframe is dependent on the outcome of ongoing discussions with third parties, including manufacturing partners and sources of financing.
The Company is in advanced stages of financing discussions with the support of its existing shareholders and will announce developments to the market at the earliest possible opportunity.
Product Update
Trials of RM2 ELIoT smart pallets are producing remarkable results for customers' supply chains in North America. The RM2 ELIoT proprietary tracking technology communicates the precise location of specific pallets, allowing misdirected or mishandled goods to be identified immediately, permitting customers to reduce loss, mishandling, spoilage and theft, thereby creating significant cost savings and supply chain efficiencies.
Significant opportunities with Fortune 500 companies are in final trial phases. The conversion of a subset of these opportunities, deployed and financed on schedule, is expected to result in the Company generating positive EBITDA in 2019.

The Company is also proud to report that the RM2 ELIoT Pallet won Material Handling Product News' 2017 Product of the Year award in the category of Packaging and Pallets. This prestigious industry award honors those products and companies whose innovations have improved materials handling systems and equipment within manufacturing, distribution centres and warehouses.

+320%

a meaningless gain for a stock with almost zero value

StockMarketWire.com
Pallet supplier RM2 International said its goal of turning earnings positive in the first half would be 'challenging' due to delays signing up customers.

The company said it would provide further updates in due course, but had continued to cut costs in the meantime.

On a brighter note, RM2 said it had successfully completed a 100-unit trial with 'one of the world's leaders in the logistics industry'.

Other trials with large multi-national corporations were progressing well, the company said.

'In particular, one large trial with a North American beverage customer has concluded with strong results and discussions on deployment terms are expected to continue over the coming months,' RM2 said.

In April, the company announced a Phase 1 contract with a Fortune 500 customer, which was expected to involve a significant deployment of pallets.

The initial implementation of pallets under that contract was deferred but the deployment was now underway with 'promising results'.

Wow.

Result of EGM
RNS
RNS Number : 1612K
RM2 International SA
11 December 2018

11 December 2018
RM2 International S.A.
("RM2" or the "Company")

Result of EGM

RM2 (LSE-AIM: RM2), the sustainable smart pallet innovator, confirms that all of the resolutions put to Shareholders at the Company's Extraordinary General Meeting of Shareholders held today were duly passed.

As a result, the Company will proceed the Restructuring, which will result in the share capital of the Company being reduced from 5,001,781,964 Old Ordinary Shares to 25,008,909 Ordinary Shares.

Application has been made to the London Stock Exchange for the admission of the 25,008,909 Ordinary Shares issued pursuant to the Restructuring to trading on AIM ("Admission") and Admission and dealings are expected to commence from 8.00 a.m. tomorrow. The Restructuring Record Date is 5.00 p.m. today.

The Placing will proceed as soon as the transfers for the subscription funds from the participants are complete, which is expected to take place tomorrow, 12 December 2018, at which time a further announcement will be made to confirm completion of the Placing and to provide a total voting rights update.

From 8.00 a.m. on 12 December 2018, the Ordinary Shares will trade under the ISIN Code - LU1914372336.

The definitions used in this announcement can be found in the Company's circular dated 26 November 2018, which is available to view on the Company's website www.rm2.com.