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.

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

As long as I get 25p I'm happy.

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."

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....

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.

This is going down and no one can help .

Anyone still in should sell its going sub 5p imo.

Not looking good today I reckon it could be worth buying around 2p imo.

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.

Thanks hlyeo it just gets worse by the day the advice is sell but its obvious RAY is doomed.

Cant see this one surviving after xmas.

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....