The RNSM announced that it had sold its old factory site for ?8.575 million, which is way above the value shown in the company accounts. It looks as if this will increase the companys Balance Sheet value by approx. 35/40%. The companys Market value (based on the current share price of 42p) is under ?10 million, whilst the Balance Sheet value will be approx. 15/16 million.
This would seem to indicate a seriously undervalued (and cash rich)company.

We need news!!!

results should be out the start of next month... Tonker

I have a load of free ones issued to me from 77p :-(

What do you mean a load of free ones?

I worked for them for 14 years :-))

I own a wholefood shop and stock some of there products... deal with optina health

I was based at Hitchin for 13 years and took redundance,and taken on straight away to transfer there production to witham,the package they gave me set me up trading full time from last december :-)

spread on these is deadly... hope it narrows, and price rises... should go up in the run up to results, health industry is going well at the mo, thats if my shop is anything to go by...

It was a very good move for Tim Dye to take them over long term i think,but what concerned me and i cannot say to much for reasons,is that they issued a lot of new stock to fund most of the the expansion but that dilutes the existing s/p,the biggest problem they had was the witham production took a lot longer to ramp up production to anything like normal !!!The 3 biggest share holders own about 25% of the company and since they took the shares the value has not risen a great amount-yet,long term it will come good,i still say they should have got more for the hitchin site value wise!!!Just under 5 acres right in the town centre it should have been more that 8.6million !!!

Anyway,because mine were given to me over the years and held them long enough,i can sell them any time,but will leave it for a bit longer.

Sorry i cannot add much more,but i think you will undestand why !!!

Mega...

Thanks for your time mate.... changing the subject, as a bee keeper can you tell me why some honey crystalizes, i know honey from Kent does it a lot? Cheers Tonker

Tonker,hope this helps !!!!

CRYSTALISED AND RUNNY HONEY

Laboratory analysis of honey shows:- Water 17.0% Levulux 39.0% Dextrose 34.0% Sucrose 1.0% Dextrine 0.5% Proteins 2.0% Wax 1.0% Plant Acids 0.5% Salts 1.0% Undetermined Residue 4.0%

The bees collect a very watery nectar from the flowers which they carry in their honey sacs, during this time enzymes are added. In the hive the nectar is deposited in empty combs and he high temperature of the hive, plus the fanning action of the bees wings reduced the water content to 17% when the cell containing the honey is sealed in the cell with a cap of wax.

In the high temperature of the hive ( approximately 85%C) the honey will usually stay liquid. Taken out of the hive, the honey will slowly crystalize and become solid in the jar. The length of time it takes to solidify will depend on the type of nectar. Ivy Honey and Oil seed rape will crystallize in days, other honeys will take years. Solid honey can be converted back to liquid by gently warming on a radiator, but it must not be heated over 100C or it begins to breakdown into a chemical which has harmful properties. Try 2 mins in a microwave.

Crystalised honey will often in time produce a frosting on the inside of the jar. This is quite normal and does not mean that the honey has deteriorated.

Honey will ferment if the water content exceeds 20%. This is how mead is made. Fermenting honey has a very sweet smell, and becomes more liquid and will overflow the pot. It has a slightly different but pleasant taste. It is possible for honey to ferment as it crystalizes. The sugars are absorbed into the crystals, and the water content of the remaining solution increases until it starts to ferment.

The Oilseed rape coming out at the moment is great for qauntity of honey,usually about 20lbs of honey a week from a super,but it tastes very bitty and you only have about week maximum to get it off the hive other wise it sets like concrete and you have to throw a lot of frames away,once it in the plastic storage buckets you can keep it for as long time,but then you warm it and mix it with say clover honey to make it taste better.

Hope this helps your question !!!
Mega...

thanks for the above info, i think it is normally the clearer honeys that crystalize, with the solid being different altogether... or is it that the "solid" honey is actually crystalized but the crystals are too fine to feel? I know you can also get creamed honey, which is (I think!) crystalized honey that has been whipped up, thus smashing the crystals into tiny pieces...

Tonker - shame I didn't know you last year when bees moved into my garden shed. I ended up paying the council to remove them, it was like a scene from ET at the end. I thought they'd just come and capture the queen rather then what looked like a mass extermination.

I would have been glad to help, never nice to have a hive in your garden... unless your a bee keeper! Have you seen the "get together" thread... you should come along, London is not too far from the South Coast (that all depends on where on coast you live...), think I will be going

Hi Tonker, no offense but I'd rather not attend a "get together", I've had some experience of these events and there not really for me.

Why is that?

I have found those at meetings that are normal people, those that pry, those that boast, those that try and convince you to buy shares they hold, whos got the most money, best job, best standing in life. I suppose its OK if your like minded..

I see, maybe it will not be for me, I like genuine people, can not stand glory hunters... Or rampers... I like facts and figures

Me too tonker, if you have never been before then of course you should attend. It may also be a good idea to see what investments others have made. At least you'll have an idea of what topics might be discussed. Nothing worse than having and oil and mining potfolio to find everyone else holds services or manufacturing. Other than that it's always worth checking portfolio sizes to ensure your not wasting your time with big players who make their money on small margin gains.

Other than that you'll have to grin and bear the glory hunters and those who just want to show off their new toys. Havng said this there alot of decent people at events who if you've spoken to previously on the BBs are nice to meet and put a face to the alis.

Wm Ransom FY pretax trebles as it raises dividend, sees sunny year ahead
AFX


LONDON (AFX) - William Ransom & Son PLC said pretax profits trebeled in the year to March 31, with higher sales in all areas of the business and an omtimistic outlook for the current year giving it the confidence to boost its dividend by 7 pct.

Full-year pretax profit before exceptional items rose to 3.4 mln stg from 1.1 mln the year earlier.

Sales climbed to 32.5 mln stg from 19.8. Of these, sales at its fully integrated Optima unit contributed 11.2 mln stg.

The total dividend was raised to 1.6 pence from 1.5.

'Sales were up across all areas of the business, the new manufacturing units began to perform well in the second half and the integration of Optima is producing some real sales and cost benefits,' Chairman and Chief Executive Tim Dye said.

'I expect the high level of momentum which we achieved at the end of last

year to be sustained throughout the current financial year, and early

indications are that this will be the case,' he added.