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.

I do. Grandpa & I take Glucosamine- I believe they manufacture it.

Grandma

Yes I hold RNSM... Thought we might have had a Trading update by now, but lloks like we are going to have to wait till June.

Did you know that Glucosamine won Boots's vitamin of the year award, broker forecast... 2m pre-tax profit for the current year. RNSM loking very cheap. regards goal.

goal,just put RNSM in Stockwatch,looks good for the long term !!!!

Mega...

The final results will be next week I believe.

(Updates with details on earnings)

LONDON (AFX) - William Ransom PLC, a supplier of healthcare products, has bought Optima Healthcare Limited and Optima Health Limited for 23 mln stg.

The purchase is to be financed through 12.6 mln stg in cash and 10 mln stg through a vendor placing at 40 pence per share, with 2.6 mln stg from a new bank facility.

Optima manufactures health food supplements and cosmetics based on natural ingredients.

Ransom chairman, Tim Dye, said: 'We are delighted to be announcing the acquisition of Optima. The Acquisition represents a good strategic fit and is expected to be earnings enhancing.'

The full year turnover was 18.9 mln stg against 14.4 mln with the pretax loss to March 31 211,000 stg against 2.6 mln.

The dividend was unchanged at 1.5 pence while the full year basic loss per share was 0.46 pence against an earning per share of 10.97 mln a year earlier.

newsdesk@afxnews.com
I thought we would get a bigger reaction than we have had today or will it be delayed? The acquisition of Optima is brilliant news, your opinions please. regards goal.

THE DEAL IS GOOD BUT WHY DO THESE COMPANIES INSIST ON TWISTING THE SMALL SHAREHOLDERS. THIS DEAL WOULD BE ILLEGAL IN USA AND TO MY MIND IS TOTALLY IMMORAL. TO SUM IT UP THE INSTITUTIONS AND THE CITY CAN BUY SHARES AT 40P WE CANNOT. THE DIRECTORS WILL TELL YOU THEY ARE IN THE SAME BOAT BUT THEY ARE NOT. THEY CAN GIVE THEMSELVES CHEAP OPTIONS TO BUY THE SHARES IN THE FUTURE. IN MY MIND ONCE A COMPANY TAKES THIS ROUTE IT WILL BEND THE RULES ALL THE TIME. VOTE AGAINST EVERY FORTHCOMING RESOLUTION AND WRITE TO THE FSA.

Having a good run, up 2% at the mo.

In Money Week today, "The five tastiest stocks on Aim" pages 22/23 & of course RNSM is one of them. regards goal.

Nice +5% move this morning.

This company has had so many recommendations of late & what happens?? the price slips down.

This is because all the institutions are making a quick buck out of all the cheap shares they got from the placing.

Hi Everyone, just found this thread and yes I do hold RNSM shares also. The market PE of 62 for the year hasn't helped the share price hence slow trading volumes. The good news is though broker Numis Securities forecasts 11.79 for next year which should attract attention and place RNSM on the radar for many. With a 3% dividend yield 84.3m shares in issue RNSM is in my book still good value at its current price. Also worth noting is that RNSM has only 2.9m of debtors so is expected this year to turn a decent profit.... I am holding on this share and may well take a bigger holding whilst the price is cheap.

For Immediate Release 31 August 2005


William Ransom & Son plc ('Ransom')

Board Change


Ransom, one of the UK's leading natural healthcare companies, announces that
Jacqueline Paterson has resigned as a Non-Executive Director with effect from
today, 31 August 2005.

Jacqueline's resignation follows her decision to take a sabbatical for a year,
part of which time will be spent travelling overseas with her family

Commenting on Jacqueline's departure, Timothy Dye, Ransom's Chairman said,

"Jack has contributed strongly to the development of Ransom which, during her
time on the Board, has grown substantially and made three acquisitions, most
recently of Optima Healthcare for 23m.

The Board is most grateful for her contribution and wishes her well for the
future."

- ENDS -

Ex-dividend date: 7 sept, payment date: 3 oct. regards goal.

This was tipped in the Business Weekly as a Strong Buy over the weekend, so am a little supprised that it did not tick up in price so far this week.

AGM is on September 16th.

Notifier Holding
Fred Whitcomb 11,806,929
Steve Quinn 11,806,929
David Wilkie 3,413,793
Tim G Dye 974,472
C J Clark 750,000
William J N Nabarro 80,000
Robert Howard 79,623

explosive,if Tim Dye dont come up with the goods in this company after taking over Optima etc the top 3 names on this list could have him out because they own over 25% of the company and as the sp aint moved for them,they want to protect there interest.Me thinks the witham move aint working to plan either and think there contract manufacturing is way off beam and could show up in the next update on rnsm !!!
EverythingClothes

Please not THESE ARE ONLY MY VIEWS,dyor nag etc

Mega...

Mega Bucks, what makes you think that Tim Dye might not come up with the goods and that the plant move isn't working out then?

The shares are only down 2% on the year, considering all the change thats been made this result isn't too bad. Next year I think will be the teller when the new plant is fully opperational and in full swing..

Explo

Interims due on the 15th. Both Numis Securities and Fyshe Horton Finney Ltd have strong buy recommendations. Good news maybe on the way!