Don't panic - it's just a share-split.....bringing the sp to about 2.50


EDIT 31 Oct07:-
- Ooh deary me - ROK warns of lower profits . . . . currently 184

July08 was the time to buy - I missed 60p too!
Now just a bit over 1, with some talk of increased costs due to closing a division...probably sense L-T, but in these times I still wonder if we shan't see further downs in property sector..

2517GEORGE, I guess you missed this "low" ... it only lasted a few days...

Still kicking myself, hangon.
2517

Oo-er this is nasty; not a reflection on "this" stock - just in General....remember this was 184 late Oct07
- and now 35p -


However, maybe one should say that Execs always think "good-times" are here to stay . . . . . so there is no preparation for difficult times.

Off, Fallen and Cliff spring to mind - and a collection of Directors each buying 450-odd shares(at 23p)... is no more than a slap to retail shareholders, who have lost so much.
EDIT: (18Aug09)-Profits down even after a recession-busting cost-reduction (did they surgically remove some Directors?). yet still sp is 49/51p (=16%down) on 2mSells, 200kBuys.
EDIT(23Jn10)- 2517George - - - - are you still buying "low"? Looks like this rise is Budget-related, but just maybe . . . . PS I may buy on a new Low, since Gov cuts may affect their plans, etc.

Oh deary, 28p . . . . . makes this a strong supporter of the 90% Club - being about 2.40 in 2007-8 . . . this, when money was so-easy.
It's a bit like Taylor Wimpey - another "building-industry" that's fallen hard.

Sun and Hay springs to mind, did their Directors think the good times would last forever...?

Rok on.

buy,buy,buy....

lol..

Worth a day trade a bit like CNT.

hangon-------sorry for the tardy reply, I bought back in a couple of months ago @ 40p, will top up at some point, the ROK work I have seen is first class and I expect them to recover, another bucketful of patience needed.
2517

Just as you replied, the ground opened and ROK fell, er like a stone. What's yr view under these new circumstances.
I'm tempted to buy just a few for a LT profit, currently 17/17.5 - that's more than 90% fall since the May2007 share-split...deary me.
+ I see their vans arround and about...that made me notice.
EDIT(13/8/10)-Thanks George, maybe I'll await the Ann next week.
EDIT (17/8/10)-rose abt 15% over three days from the severe dip - hardly surprising, but ROK cut the Divi - and halving of profits (which were regularly low). - Above mention of layoffs, and potential customers may flee. . . . Maybe wait a tad longer to see if awoken Board really can fix this leaker: Bank Loan until 2011 may become an issue....19.75/20p
EDIT(18/8/10)-miss Ann. Director Buys just 5k-worth, doesn't look good eh?
EDIT-21/9/10)-re Redundancy Etc. The failure of Conaught didn't help, I agree Geo, it depends on h'building-mkt. and refurb contracts.

It appears to be a lax attitude to monitoring the financials at the PHE side, so imv they will recover from that, divi may go, and further recovery is down to the economy. Good luck
2517

hmmmmmm.... interesting - according to sunday paper rok making 150 redundant - city should like that - i am sorry for anyone affected - & tomorrow q1 results out - pretax profit i believe expected down to about 5.7M - better idea imo take a look at ggg today - uplift in gold deposits of 450% according to rns this morning - sp up about 54% as i write this today - i expect / hope for another 50% today!! we will see

Added to my holding today, at this price the co. is valued at 29m.
2517

Your either very brave or....... with a downgrade to sell.... gl.

bb......very stupid? More than likely.
2517

Downgraded to Sell and all directors can do is buy a bobsworth. Mindyou the demise of connaught must be blowing a chill-wind arround building sites.
I thought everyone that wanted to, had already sold?
-just goes to show that fiddling with the share density really is a worthless manipulation.

From the "UPS" thread
keep AN eye

ROK 18.25p

BOUCING after company statement and update " The Board continues to have confidence that the Company will meet market expectations this year" . Strong order book 407K v 287K


MONEYAM CHART NOT WORKING

Uncertainty surrounding the PHE division now removed, nothing untoward regards the FD who has now resigned and been replaced. Good sp rise, mmm a timely top up last week (so far), unusual for me, but I do know from what I see their work is 1st class.
2517

from the ft.com ........

Rok executive quits after being cleared in probe
By Ed Hammond -- September 30 2010 12:38

Rok, the embattled repair and maintenance specialist, has updated the market over the reasons behind its two recent profit warnings and reinstated its finance chief.

The company last month said a line had been drawn under serious failings in the financial controls in its plumbing, heating and electrical business and that it had identified the full extent of the problems.

However, it announced on Thursday that the reasons for the shortfall in activity were, in fact, related to operational and commercial weakness.

The move comes as Rok nears refinancing discussions with its lenders, which include Royal Bank of Scotland and HSBC, and pushed shares in the company 10 per cent higher in morning trading.

In a brief statement, the board of Rok said the scaling back of its work fitting out new homes with piping and heating was the cause for the previously guided lower profit expectations, but reiterated its confidence in meeting market expectations of pre-tax profits for the year to December 31.

The company, which styles itself The Nations Local Builder, also said it would reinstate Ashley Martin, finance director, without reservations. However, Mr Martin tendered his resignation and said the events of the past eight weeks had made his position untenable.

As part of his resignation, Mr Martin has been paid a full years salary of 300,000 and been granted his full entitlement of share options, thought to be close to 750,000 shares.

Rok maintained that it had never insinuated any wrongdoing on the part of Mr Martin and said it regretted any reputational damage he had suffered.

Mr Martin said he accepted the boards apology and added: Reputation is the most important thing, and I have been exonerated from any wrongdoing. This has been the most painful period of my life. I need a short break and then I will be ready to get back to having a career.

Rok confirmed that it had appointed Sean Cummins, a former finance director of Scott Wilson, to succeed Mr Martin.

You cant point the finger at and suspend the finance director and expect him to just shrug and say it is all OK, one analyst said on hearing the news.

When Rok initially warned over the financial control failings in early August, the shares fell 45 per cent to 13p, giving the group a value of just 52m compared with a peak market capitalisation of 436m in 2007.

The downturn in housebuilding activity during the recession has severely affected many companies working in the sector, with building rates coming under pressure and suppliers forced to take on work at barely sustainable profit margins.

Rok also said earlier this year that the poor weather during January and February had hit trading, as its large directly employed workforce had been unable to access building sites.