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make money in the ftse smallcap quaterly review>>>>>>>>>>>>>>>>> (RAY)
bigbobjoylove
- 07 Mar 2005 13:34
just got this off sharecrazy board>
http://www.stockchallenge.co.uk/typo/stockchallenge/ftse.php
seems its definately set to move into the smallcap sector and indeed the trackers will be buying.Its up today as a few have already calculated this.
http://www.stockchallenge.co.uk/typo/stockchallenge/ftse.php
seems its definately set to move into the smallcap sector and indeed the trackers will be buying.Its up today as a few have already calculated this.
accord - 18 Mar 2005 11:32 - 2 of 131
anybody any views on this one. Its gone up significantly since offer and was tipped in shares mag the other week.
g64946 - 16 Feb 2006 14:51 - 3 of 131
I bought in at the end of last year & this has done well...its really motoring today, but I can't see any specific news anywhere - any ideas please?
accord - 16 Feb 2006 21:47 - 4 of 131
Juzzle
- 20 Apr 2006 23:12
- 5 of 131
Up 49% since start of 2006. Website is www.raymarine.com
back4packer - 26 Jan 2007 11:13 - 6 of 131
anyone still holding onto these?
back4packer - 29 Jan 2007 11:56 - 7 of 131
Does anyone have any recent 'buy' notes on this one?
vanessapardew - 01 Feb 2007 10:12 - 8 of 131
Results out on 26th of this month. Buys will come in stronger when the price hits 440 and the retrace is clearly over. Does look a great buying opportunity.
scottinvestor - 20 Aug 2007 16:50 - 9 of 131
bloddy hell..........bit of a drop.
HARRYCAT
- 20 Aug 2007 16:57
- 10 of 131
Maybe this is the bit the market didn't like:
"but added that it (RAY) does not expect the outlook for the US to improve in the second half of the year."
"but added that it (RAY) does not expect the outlook for the US to improve in the second half of the year."
hlyeo98 - 20 Aug 2007 18:19 - 11 of 131
Looks like a very good opportunity for a top-up in RAY now. Fall has been overdone.
Raymarine gains strength - MoneyAM
Raymarine this morning reported a 13.8% rise in its first-half adjusted pretax profit.
Numbers were helped by a strong performance in Europe, the Middle East and Asia Pacific.
The company also said that it has purchased its sole German distributor H E Eissing KG for up to 2.4m.
Raymarine, which supplies electronic products to the leisure marine market, posted an adjusted pretax profit of 22m for the six months ended June 30th, compared with 19.3m last year, on sales of 83.7m, marginally up from 83.4m.
The company said due to improving margins, it expects its overall full-year performance to be in line with its expectations, but added that it does not expect the outlook for the US to improve in the second half of the year.
It said it believes that the strong trading performance in Europe, the Middle East and Asia Pacific will continue in the second half as it introduces more new products.
Raymarine added that it expects sales to remain flat in the US in 2008, with the rest of the world continuing its recent growth trend.
Gross margins are expected to remain in line with expectations, the company said, adding that it continues to approach the future with confidence.
Raymarine said the purchase price of Eissing will be paid in cash from its existing facilities, and the acquisition is expected to be earnings enhancing before restructuring costs in the first full year of ownership.
For the year ended December 31st, 2006, Eissing reported a turnover of 10.9m (7.4m), Raymarine added.
Raymarine gains strength - MoneyAM
Raymarine this morning reported a 13.8% rise in its first-half adjusted pretax profit.
Numbers were helped by a strong performance in Europe, the Middle East and Asia Pacific.
The company also said that it has purchased its sole German distributor H E Eissing KG for up to 2.4m.
Raymarine, which supplies electronic products to the leisure marine market, posted an adjusted pretax profit of 22m for the six months ended June 30th, compared with 19.3m last year, on sales of 83.7m, marginally up from 83.4m.
The company said due to improving margins, it expects its overall full-year performance to be in line with its expectations, but added that it does not expect the outlook for the US to improve in the second half of the year.
It said it believes that the strong trading performance in Europe, the Middle East and Asia Pacific will continue in the second half as it introduces more new products.
Raymarine added that it expects sales to remain flat in the US in 2008, with the rest of the world continuing its recent growth trend.
Gross margins are expected to remain in line with expectations, the company said, adding that it continues to approach the future with confidence.
Raymarine said the purchase price of Eissing will be paid in cash from its existing facilities, and the acquisition is expected to be earnings enhancing before restructuring costs in the first full year of ownership.
For the year ended December 31st, 2006, Eissing reported a turnover of 10.9m (7.4m), Raymarine added.
hlyeo98 - 21 Aug 2007 07:41 - 12 of 131
Fall has been overdone. They are buying their own shares now.
Raymarine PLC
20 August 2007
Raymarine plc - Transactions in Own Shares
Raymarine plc announces that on 20 August 2007 it purchased from JPMorgan
Cazenove Limited 500,000 ordinary shares at an average price of 266.3812 pence
per share. The purchased shares will be held as treasury shares. Following the
above purchase, Raymarine plc holds 500,000 ordinary shares in treasury, and has
82,311,839 ordinary shares in issue (excluding treasury shares).
Raymarine PLC
20 August 2007
Raymarine plc - Transactions in Own Shares
Raymarine plc announces that on 20 August 2007 it purchased from JPMorgan
Cazenove Limited 500,000 ordinary shares at an average price of 266.3812 pence
per share. The purchased shares will be held as treasury shares. Following the
above purchase, Raymarine plc holds 500,000 ordinary shares in treasury, and has
82,311,839 ordinary shares in issue (excluding treasury shares).
scottinvestor - 21 Aug 2007 09:25 - 13 of 131
harrycat
everything else is fine and expectations overall are to be met.........the market is getting more corrupt by the week.
everything else is fine and expectations overall are to be met.........the market is getting more corrupt by the week.
StarFrog
- 21 Aug 2007 11:37
- 14 of 131
I agree that yesterday's drop was a bit overdone but maybe its more to do with the announced acquisition. They will be paying up to 2.4m using their own cash reserves. Considering that they still have a sizable debt, perhaps the market didn't like this upfront payment.
I don't profess to know the answer - just speculating.
I don't profess to know the answer - just speculating.
HARRYCAT
- 21 Aug 2007 15:40
- 15 of 131
Goes ex-divi on the 29th Aug (interim divi).
Big Al
- 21 Aug 2007 15:54
- 16 of 131
Have done nicely out of these this week. ;-)))
scotinvestor - 04 Apr 2008 15:46 - 17 of 131
is anyone in this recently as potential for takeover
scotinvestor - 24 Apr 2008 13:23 - 18 of 131
is this takeover about to happen.....be quick everyone before its too late.
sudden increase in price right now with decent volume
sudden increase in price right now with decent volume
scotinvestor - 24 Apr 2008 14:51 - 19 of 131
going higher and higher
hurry up guys and buy
hurry up guys and buy
hlyeo98 - 23 May 2008 12:00 - 20 of 131
RAY has gone down sharply after talks of offer terminated - now 214p.
ateeq180 - 23 May 2008 12:04 - 21 of 131
so is this a buying oppertunity than.
hlyeo98 - 23 May 2008 12:45 - 22 of 131
Not yet...it just fall to 200p now. I think 140p will be a fair price
hlyeo98 - 23 May 2008 16:21 - 23 of 131
With the credit crunch biting and economy crumbling, RAY which niche lies in the leisure marine market is not a place to be. SELL - currently 197p.
hlyeo98 - 25 Jun 2008 18:37 - 24 of 131
hlyeo98 - 19 Aug 2008 16:03 - 25 of 131
Raymarine (LSE: RAY.L - news) makes the kind of kit every well-equipped sailor needs, from navigation devices and autopilots to radar gear and instrument panels. The rating on the shares of 5.5 times current year earnings plus the prospective yield of 8.2% - certainly looks attractive on a long-term basis. However, the short term is likely to prove difficult. Avoid says the Telegraph.
Raymarine sits at six times earnings and yields nearly 8%, but carries 82m of net debt. The chance of a fresh bid approach remains, but that is insufficient reason to buy. Sell says the Times.
Raymarine sits at six times earnings and yields nearly 8%, but carries 82m of net debt. The chance of a fresh bid approach remains, but that is insufficient reason to buy. Sell says the Times.
hlyeo98 - 23 Oct 2008 08:19 - 26 of 131
Another profit warning...now 30p.
23 October 2008
Raymarine PLC ('Raymarine' or the 'Company')
Trading Update
On 7 October 2008 Raymarine reported that its like for like sales for the nine months to 30 September 2008 were 8.5 per cent below the comparable period last year. Since then Raymarine has seen a rapid deterioration in the markets it serves. Order intake and sales during the month to date have both been substantially below the Board's expectations. As a result the Board now believes that Raymarine's results will be significantly below the lower end of the market's expectations for the year ending 31 December 2008.
In the last two weeks there have been a large number of announcements and indications by boat builders around the world that they will be building significantly fewer boats both this year and in 2009. Raymarine's sales through other channels have also experienced a sudden slow down.
Peter Ward, Executive Chairman, initiated a thorough review of Raymarine's costs following the departure of the Company's previous Chief Executive. The Company will be seeking to eliminate a significant element of costs whilst ensuring that it retains its long-term ability to design and market innovative and exciting new products.
Raymarine's 5 year committed borrowing facility runs to November 2009. The Company commenced discussions with its banking syndicate some time ago with a view to extending or refinancing the facility. It is intended that these discussions be concluded before the Company's results for the year ending 31 December 2008 are announced early in 2009.
23 October 2008
Raymarine PLC ('Raymarine' or the 'Company')
Trading Update
On 7 October 2008 Raymarine reported that its like for like sales for the nine months to 30 September 2008 were 8.5 per cent below the comparable period last year. Since then Raymarine has seen a rapid deterioration in the markets it serves. Order intake and sales during the month to date have both been substantially below the Board's expectations. As a result the Board now believes that Raymarine's results will be significantly below the lower end of the market's expectations for the year ending 31 December 2008.
In the last two weeks there have been a large number of announcements and indications by boat builders around the world that they will be building significantly fewer boats both this year and in 2009. Raymarine's sales through other channels have also experienced a sudden slow down.
Peter Ward, Executive Chairman, initiated a thorough review of Raymarine's costs following the departure of the Company's previous Chief Executive. The Company will be seeking to eliminate a significant element of costs whilst ensuring that it retains its long-term ability to design and market innovative and exciting new products.
Raymarine's 5 year committed borrowing facility runs to November 2009. The Company commenced discussions with its banking syndicate some time ago with a view to extending or refinancing the facility. It is intended that these discussions be concluded before the Company's results for the year ending 31 December 2008 are announced early in 2009.
geordieguy - 23 Oct 2008 09:03 - 27 of 131
is this worth buying for bounce up?
what u think its worth hyleo?
what u think its worth hyleo?
tabasco - 23 Oct 2008 09:13 - 28 of 131
63% hit so far today.a risky punt.interesting? Any opinions?
Dil
- 23 Oct 2008 09:20
- 29 of 131
Yeah ... your already holding enough crap give this one a miss.
xxx
xxx
tabasco - 23 Oct 2008 09:24 - 30 of 131
Dil Im bored!..just sniffing about
Dil
- 23 Oct 2008 09:26
- 31 of 131
:-)
geordieguy - 23 Oct 2008 09:39 - 32 of 131
does anyone have what this company should be roughly as its been hammered today on 8% less in figs.
gibby - 23 Oct 2008 11:07 - 33 of 131
i just bought about 20k for a laff earlier at around 62% down on the day - bored also - so want to see it bounce - like now!!!
geordieguy - 23 Oct 2008 11:12 - 34 of 131
i tried buying when it was 23p.....but was offered 27p initially and then 29p.
p?ssed off
p?ssed off
dealerdear - 23 Oct 2008 11:20 - 35 of 131
Where do you get the 8% less from?
gibby - 23 Oct 2008 11:29 - 36 of 131
dont blame yer - hope that bounce happens later!
geordieguy - 23 Oct 2008 11:31 - 37 of 131
Raymarine reported that its like for like sales for the nine months to 30 September 2008 were 8.5 per cent below the comparable period last year
geordieguy - 23 Oct 2008 11:31 - 38 of 131
65% drop though......seems severe
dealerdear - 23 Oct 2008 11:36 - 39 of 131
No, you've read it wrong.
Today they said that on the 7 Oct they reported that for the period to 30 Sept, their like for like sales were down 8% but since then there has been a rapid deteriation in their markets
Today they said that on the 7 Oct they reported that for the period to 30 Sept, their like for like sales were down 8% but since then there has been a rapid deteriation in their markets
gibby - 23 Oct 2008 11:42 - 40 of 131
yes - i've taken a little risk to relieve the boredom - lets hope the cost cutting ray marine mention re-nego of banking agreements go well - looks like iminent redundancies at ray marine
geordieguy - 23 Oct 2008 15:07 - 41 of 131
jes, its down more gibby.....glad i held off today.....should i buy now though for a bounce
tabasco - 23 Oct 2008 15:15 - 42 of 131
72% down.these markets are crazycomplete discipline needed.
gibby - 23 Oct 2008 15:45 - 43 of 131
geordie - i am just so happy!! yep down to about 17p though i am contemplating buying more - i am sure these will bounce even if not today - the markets have lost control of their minds temporarily!! i think i'll need a day or 2 of patience with this one - but if you like risk buy now if not already done so - glad you held off a bit more profit for you hopefully
hlyeo98 - 23 Oct 2008 18:41 - 44 of 131
This slide of RAY was as clear as crystal.
geordieguy - 23 Oct 2008 18:56 - 45 of 131
any chartists here?
will this do a short term recovery.....and to what price
will this do a short term recovery.....and to what price
Dil
- 24 Oct 2008 09:19
- 46 of 131
Better off waiting for a bounce and when it turns down again short it ... just my opinion.
hlyeo98 - 24 Oct 2008 19:28 - 47 of 131
With the credit crunch biting and economy crumbling, RAY which niche lies in the leisure marine market is not a place to be. SELL - currently 13p.
gibby - 26 Oct 2008 20:23 - 48 of 131
tend to agree with you hyleo - because i am daft i am going to hold on though - also very slim chance of a fresh bid in ray's very weakened state now - i will probably regret this one though - but hey ho!!
polska - 03 Nov 2008 13:52 - 49 of 131
u getting your money back gibby
mitzy - 03 Nov 2008 15:02 - 50 of 131
A one bagger.. nice.
hlyeo98 - 03 Nov 2008 15:59 - 51 of 131
Congrats, but I'm still not sure what causing the rise today
mitzy - 03 Nov 2008 16:28 - 52 of 131
Guess it was just oversold down 95% from highs and due a bounce.
tabasco - 04 Nov 2008 08:22 - 53 of 131
Great call Gibby.I thought about it as you know... then bottle went!!! Good luck to you.Another 20% today.I should have known when Dil advised against buying.
mitzy - 04 Nov 2008 08:52 - 54 of 131
What do analysts know saying buy at 400p and now sell at 12p last week are they insane.
gibby - 04 Nov 2008 09:15 - 55 of 131
thanks tabasco, hyleo, polska, mitzy - yep i also added to get my ave. real low - reaping the rewards now thanks - the shares i am keeping in ray are now 'free' out of profits plus banked a tidy sum - good week scored on hawk, ora, sbr, sxx & a few others - my thorn in the side is rbs but thats more long term so not bothered - hope all going well with you guys too
mitzy - 04 Nov 2008 09:40 - 56 of 131
gibby well done could go to 40p if it carries on like it has
polska - 04 Nov 2008 10:33 - 57 of 131
more than 10k profit gibby in a week......well done and esp for ignoring hyleo
mitzy - 04 Nov 2008 13:00 - 58 of 131
same pattern as yesterday up in the morning and down mid-day .
ateeq180 - 04 Nov 2008 14:59 - 59 of 131
looks like this has a long way to go yet.may be up tp 60p levels.
mitzy - 04 Nov 2008 15:11 - 60 of 131
I am thinking about 60p should there be a bid even thats cheap.
ateeq180 - 04 Nov 2008 15:49 - 61 of 131
drifting lower in the afternoon,may be buying oppertunity.
Fred1new
- 04 Nov 2008 15:51
- 62 of 131
Subject: General news
Date: Fri 24th Oct 2008 5:30:04
Country: UK
Industry: Personal goods
Company: Theo Fennell PLC
PRESS DIGEST - British business - Oct 24
RAYMARINE PLUNGES 70 PER CENT
Raymarine's shares tumbled by more than 70 per cent on Thursday, following its warning that annual results will be significantly below the lower end of market expectations. The maker of marine navigation equipment revealed that it had seen a sharp decline in its markets in recent weeks. The company said both order intake and sales in the past month were substantially below expectations. Its shares fell 45.5 pence to reach 17.75 pence.
The chart is awful, sp below 50 and 200 day EMA. Overall trend down,
Expected turnover down 20% for 2009
Exp. Profit down 65% for 2009
I am with Dyl on this one. If it is short term money I would wait until it is above 50p
ateeq180 - 04 Nov 2008 15:56 - 63 of 131
so what is the reason for the recent rise.
hlyeo98 - 04 Nov 2008 16:09 - 64 of 131
I really don't see any substance in RAY. Profit is expected to be substantially poor in comparison to last year and the company just keep silent on the recent rise. No news at all. For all those who are in profits, congrats from me, but I don't see it rising much more.
Fred1new
- 04 Nov 2008 17:51
- 65 of 131
Sucker's bounce probably!
hlyeo98 - 04 Nov 2008 18:06 - 66 of 131
ateeq180 - 07 Nov 2008 11:42 - 67 of 131
Still have faith i think its too cheap,and will bounce like most stocks from their lows have.
mitzy - 10 Nov 2008 08:57 - 68 of 131
Bounce is on.. again.
mitzy - 01 Dec 2008 09:27 - 69 of 131
Buys outnumber sells by 10 to 1.
mitzy - 06 Dec 2008 20:56 - 70 of 131
Plenty of buys Friday if there is a bid I would reckon 30/40p should do...still a high risk play but patience is the key..good luck.
mitzy - 11 Dec 2008 15:15 - 71 of 131
Bid rumours in the Times
mitzy - 07 Jan 2009 18:55 - 72 of 131
justyi - 02 Mar 2009 12:19 - 73 of 131
Raymarine passes dividend as markets sink - MoneyAM
Marine electronic products supplier Raymarine passed its final dividend as four consecutive years of record results came to an end.
Adjusted profit before tax was down 37% of 2007 at 17.3 million, with revenue falling to 134.9m from 140.7m.
The group said, 'Raymarine entered 2008 having reported four consecutive years of record results since its flotation, but all of its main markets were badly affected during the year by the global economic problems.'
It does not expect its markets to recover in 2009 but 'is keen to resume payment of a dividend as soon as it is considered prudent and will review this again in 2010'.
Chairman Peter Ward said, 'Whilst the outlook for 2009 remains very tough, our strategy for Raymarine is to strengthen our position in the leisure marine market. We will direct our sales resource to work with our worldwide distribution to gain market share.
'The highly successful launches of G Series and A Series demonstrate how growth in market share can be achieved by leveraging our brand with new product ranges for both the small boat and large boat segments.'
Marine electronic products supplier Raymarine passed its final dividend as four consecutive years of record results came to an end.
Adjusted profit before tax was down 37% of 2007 at 17.3 million, with revenue falling to 134.9m from 140.7m.
The group said, 'Raymarine entered 2008 having reported four consecutive years of record results since its flotation, but all of its main markets were badly affected during the year by the global economic problems.'
It does not expect its markets to recover in 2009 but 'is keen to resume payment of a dividend as soon as it is considered prudent and will review this again in 2010'.
Chairman Peter Ward said, 'Whilst the outlook for 2009 remains very tough, our strategy for Raymarine is to strengthen our position in the leisure marine market. We will direct our sales resource to work with our worldwide distribution to gain market share.
'The highly successful launches of G Series and A Series demonstrate how growth in market share can be achieved by leveraging our brand with new product ranges for both the small boat and large boat segments.'
mitzy - 03 Mar 2009 21:32 - 74 of 131
Good results and the market punishes them.
mitzy - 03 Mar 2009 21:32 - 75 of 131
Good results and the market punishes them.
mitzy - 23 Mar 2009 14:03 - 76 of 131
Could be a great oppertunity to buy some cheap
mitzy - 24 Mar 2009 09:19 - 77 of 131
Could be in play.
Would not surprise me if there is a bid of 40/50p in 12 months.
Would not surprise me if there is a bid of 40/50p in 12 months.
mitzy - 25 Mar 2009 08:15 - 78 of 131
More bid rumours circulating today.
marni - 25 Mar 2009 21:46 - 79 of 131
tell me more mitzy.....where are rumours coming from
who is after them
who is after them
mitzy - 26 Mar 2009 07:24 - 80 of 131
Hard to say could be Garmin their main competitor or could be the same people who bid 300p for them 18 months back.
mitzy - 06 Apr 2009 07:55 - 81 of 131
Can we expect a Ray of sunshine this week..?
mitzy - 04 May 2009 19:58 - 82 of 131
Finally its getting noticed.
mitzy - 07 May 2009 08:16 - 83 of 131
Moving ahead strongly now.
Proselenes - 07 May 2009 08:36 - 84 of 131
Have head rumours of a bid for them.
Anyone have any more details ?
Anyone have any more details ?
mitzy - 07 May 2009 08:59 - 85 of 131
The last bid rumour was about 6 weeks ago ans since then the share price has doubled so maybe there is some substance .
Proselenes - 07 May 2009 10:45 - 86 of 131
Plenty of AT trades going through, so a buyer is there for sure.
mitzy - 07 May 2009 11:03 - 87 of 131
It is going to 30p if this continues.
mitzy - 07 May 2009 11:57 - 88 of 131
Its 25p now I wonder if it can get to 30p today.
Proselenes - 07 May 2009 12:05 - 89 of 131
When you look back at the director buying, you have to wonder that any bid must be at a good double to triple of todays price.
Hopefully if we can get some more solid gains it might get a statement out of the company, and perhaps then the fireworks start.
Hopefully if we can get some more solid gains it might get a statement out of the company, and perhaps then the fireworks start.
mitzy - 07 May 2009 12:25 - 90 of 131
A bid would be around 60p I guess.
Proselenes - 07 May 2009 12:38 - 91 of 131
Proselenes - 07 May 2009 13:03 - 92 of 131
Through 30p now.
mitzy - 07 May 2009 13:05 - 93 of 131
Blyme that was quick..!
Proselenes - 07 May 2009 13:09 - 94 of 131
Yep.
Buyer is strong.
Buy side of the order book is loaded, someone wants stock.
Buyer is strong.
Buy side of the order book is loaded, someone wants stock.
mitzy - 07 May 2009 13:14 - 95 of 131
He is certainly is.
Proselenes - 07 May 2009 13:41 - 96 of 131
On a 2 year view its now about 10% of what it was not too long ago in terms of market cap.
Its markets are going to recover and its a market leader. So anyone wanting in has to buy in now or soon, before the outlook changes.
Ideal time to buy a chunk, or to buy enough to launch a take over bid.
Its markets are going to recover and its a market leader. So anyone wanting in has to buy in now or soon, before the outlook changes.
Ideal time to buy a chunk, or to buy enough to launch a take over bid.
mitzy - 07 May 2009 14:07 - 97 of 131
Ray 's prospects are getting brighter by the day.
Dil
- 08 May 2009 00:16
- 98 of 131
lol , hows things mitzy ?
Don'i forget to flog em before the crowd.
Good luck.
Don'i forget to flog em before the crowd.
Good luck.
mitzy - 08 May 2009 09:17 - 99 of 131
Fine Dil..
Ive always wanted a boat..!
Ive always wanted a boat..!
jkd - 11 Jun 2009 20:42 - 100 of 131
good move up today. i think we have seen the bottom. buy buy.
i'm holding for the long term. i am a long term investor.LOL. Truth is i am a stuck/locked in trader who took his eye off the ball and has become a long term invester.i'm just looking for a get out of jail card and i'm outa here. no ramping or suggesting you shouldnt sell because of this that an tother, i just want out.
Dil knows what i am talking about
regards
jkd
i'm holding for the long term. i am a long term investor.LOL. Truth is i am a stuck/locked in trader who took his eye off the ball and has become a long term invester.i'm just looking for a get out of jail card and i'm outa here. no ramping or suggesting you shouldnt sell because of this that an tother, i just want out.
Dil knows what i am talking about
regards
jkd
jkd - 11 Jun 2009 21:07 - 101 of 131
btw
i reserve the right to change my mind
regards
jkd
i reserve the right to change my mind
regards
jkd
marni - 11 Jun 2009 21:53 - 102 of 131
is this the losers thread?
jkd - 11 Jun 2009 21:59 - 103 of 131
m
it might seem so. wish i wasn't here, how about you? hope you dont belong here but if you do then join the club, if not then well done.
regards to you
jkd
it might seem so. wish i wasn't here, how about you? hope you dont belong here but if you do then join the club, if not then well done.
regards to you
jkd
hlyeo98 - 12 Jun 2009 19:11 - 104 of 131
Raymarine will go into administration soon.
Raymarine Seeks Equity Funding or Sale
Business Financial Newswire
Raymarine's share price dropped 15.19% to 16.75p by the close after the Company revealed that sales for the rest of 2009 are likely to remain depressed and that it is operating close to the limit of its current banking facilities.
The Board is exploring the possibility of a sale of the busines or an equity fund raising. In the absence of either of these it will seek to secure additional medium term debt facilities from existing lenders.
Management add that operating costs have been reduced significantly and that the UK operations have been consolidated into one site.
Raymarine Seeks Equity Funding or Sale
Business Financial Newswire
Raymarine's share price dropped 15.19% to 16.75p by the close after the Company revealed that sales for the rest of 2009 are likely to remain depressed and that it is operating close to the limit of its current banking facilities.
The Board is exploring the possibility of a sale of the busines or an equity fund raising. In the absence of either of these it will seek to secure additional medium term debt facilities from existing lenders.
Management add that operating costs have been reduced significantly and that the UK operations have been consolidated into one site.
hlyeo98 - 15 Jun 2009 08:10 - 105 of 131
Excellent...shorted it last week at 18p
marni - 15 Jun 2009 19:18 - 106 of 131
didnt realise u had any money left!! u must be losing millions on rbs, smdr, yell to name but a few
jkd - 19 Jun 2009 16:52 - 107 of 131
another not a very good day. i had already tucked these into bottom drawer job.the first one for many a year, but thats another story. should know better. anyway few days off work next week. will look for a picture frame. i think thats where this is going.
note to self, should know better but at least i didnt and haven't nor intend to AVERAGE DOWN . thats ok then. when in a hole stop digging. i feel better now.
regards
jkd
edit and ps. all just my opinion. i hope i am wrong, lol.
note to self, should know better but at least i didnt and haven't nor intend to AVERAGE DOWN . thats ok then. when in a hole stop digging. i feel better now.
regards
jkd
edit and ps. all just my opinion. i hope i am wrong, lol.
jkd - 08 Jul 2009 16:36 - 108 of 131
dumped these today. part of my tidying up of my portfolio plus courtesy of the yen.
good luck to all holders.
regards
jkd
good luck to all holders.
regards
jkd
nordcaperen
- 24 Jul 2009 11:56
- 109 of 131
possible offer on the table ???? may have been a bit premature jkd
jkd - 03 Aug 2009 19:21 - 110 of 131
n
better safe than sorry. i have withdrawn it whilst still intact. no damage done. at least i wont get it chopped off whilst on that table. truly hope this recovers.it will do so without me.good luck to all holders.
regards
jkd
better safe than sorry. i have withdrawn it whilst still intact. no damage done. at least i wont get it chopped off whilst on that table. truly hope this recovers.it will do so without me.good luck to all holders.
regards
jkd
jkd - 03 Aug 2009 19:21 - 111 of 131
edit
duplicate to above
regards
jkd
duplicate to above
regards
jkd
nordcaperen
- 17 Aug 2009 12:21
- 112 of 131
somethings afoot ???
marni - 17 Aug 2009 14:38 - 113 of 131
takeover talks.....several parties!
mitzy - 22 Aug 2009 14:04 - 114 of 131
Hi Marni how you doing..?
marni - 23 Aug 2009 00:38 - 115 of 131
galleon holdings increasing stake.....and at 18.5p.....should give confidence for much higher sp
mitzy - 24 Aug 2009 16:22 - 116 of 131
Another dog of 2009 marni they could go for as little as 25p.
marni - 24 Aug 2009 21:05 - 117 of 131
mitzy - 07 May 2009 12:25 - 90 of 116
A bid would be around 60p I guess.
marni - 24 Aug 2009 21:06 - 118 of 131
lol
hlyeo98 - 15 Jun 2009 08:10 - 105 of 117
Excellent...shorted it last week at 18p
hlyeo98 - 15 Jun 2009 08:10 - 105 of 117
Excellent...shorted it last week at 18p
mitzy - 24 Aug 2009 21:34 - 119 of 131
I'm hoping for 60p but realistically 25p would be the best offer.
marni - 25 Aug 2009 00:32 - 120 of 131
galleon increased stake further......and thats their line of business.......i think they know a bit more than you mitzy! 25 min maybe but i would expect 30p plus realistically
mitzy - 25 Aug 2009 07:53 - 121 of 131
As long as I get 25p I'm happy.
HARRYCAT
- 19 Nov 2009 17:23
- 122 of 131
Business Financial Newswire
"Raymarine warns that little if any value will be realised for ordinary shareholders as long-term refinancing options continue to be investigated, along with discussions over a potential sale or equity fundraising.
In its interim management statement for the period from 1 July, the electronic products supplier to the leisure marine market says there has been some slowing of its sales decline.
Sales for the four months totalled 25.4m, down 26.4% like for like. For the 10 months to 30 October, sales totalled 88.9m, down 32.3% like for like.
The group said the outlook for its markets was expected to remain uncertain throughout the rest of the current year and during 2010.
Raymarine's existing banking facilities mature on 31 March. It is currently unable to comply with covenants. Current waivers expire on 4 December.
An additional facility has been agreed for 15m which also matures on 31 March."
"Raymarine warns that little if any value will be realised for ordinary shareholders as long-term refinancing options continue to be investigated, along with discussions over a potential sale or equity fundraising.
In its interim management statement for the period from 1 July, the electronic products supplier to the leisure marine market says there has been some slowing of its sales decline.
Sales for the four months totalled 25.4m, down 26.4% like for like. For the 10 months to 30 October, sales totalled 88.9m, down 32.3% like for like.
The group said the outlook for its markets was expected to remain uncertain throughout the rest of the current year and during 2010.
Raymarine's existing banking facilities mature on 31 March. It is currently unable to comply with covenants. Current waivers expire on 4 December.
An additional facility has been agreed for 15m which also matures on 31 March."
hangon - 19 Nov 2009 19:54 - 123 of 131
Thanks for that Harrycat, looks like "light-touch" in AIM-land has wrecked yet more investors' trust in Company-speak.
Were you an early investor...?
Any warning-signs, early-on...etc...?
...Good hunting....
Were you an early investor...?
Any warning-signs, early-on...etc...?
...Good hunting....
HARRYCAT
- 19 Nov 2009 21:14
- 124 of 131
No. I seriously considered it, but as I worked in that trade I know how fickle it can be.
Other stocks took my attention, so I have been spared! Luck more than judgement.
Other stocks took my attention, so I have been spared! Luck more than judgement.
mitzy - 20 Nov 2009 15:27 - 125 of 131
This is going down and no one can help .
mitzy - 23 Nov 2009 11:33 - 126 of 131
Anyone still in should sell its going sub 5p imo.
mitzy - 24 Nov 2009 12:46 - 127 of 131
Not looking good today I reckon it could be worth buying around 2p imo.
hlyeo98 - 25 Nov 2009 19:57 - 128 of 131
Seymour Pierce commented on marine electronic products firm Raymarine (RAY) after an interim statement that provided "relatively little fresh news". The banks have provided the company with further funding into next year and by then more information will be available to ascertain whether FY 2010 will see an improvement in sales. The broker said that it viewed the company as one "that was over leveraged financially with too optimistic an expectation of the long term revenues and stability of those revenues". However, it regards the underlying business as one with "a good range of products, excellent market position and a basically cash generative business model". It retained a 'sell' stance on the firm as there is "unlikely to be much left in the way of value for shareholders, even if the company does not get taken over". Raymarine shares fell by 0.23p to 6.68p.
mitzy - 25 Nov 2009 21:38 - 129 of 131
Thanks hlyeo it just gets worse by the day the advice is sell but its obvious RAY is doomed.
mitzy - 27 Nov 2009 14:32 - 130 of 131
Cant see this one surviving after xmas.
toki - 04 Jan 2010 14:46 - 131 of 131
Taken from an article on UK-Analyst :
...Raymarine (RAY) seems to be on its last legs. Provided the short closers keep the bid above 4p, take advantage of it somehow....
...Raymarine (RAY) seems to be on its last legs. Provided the short closers keep the bid above 4p, take advantage of it somehow....
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