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Mid/End-July	Mathon Capital	Commerical property lender	UK
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31/07/07	Connemara Mining Company (CON)	Zinc/Gold Mining	Ireland
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31/07/07	Pan African Resources (Barberton Mines) (PAF)	Mining	South Africa
26/07/07	Tawa (TAW)	Insurance investments	UK
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20/07/07	i-design group (IDG)	ATM adverts	UK	1
20/07/07	Mineral Securities (MXX)	Resource investments	British Virgin Islands
18/07/07	Mobile Doctors Group (Petsome) (MDG)	Medico-legal reports	UK
16/07/07	Freshwater UK (FWUK)	Marketing/PR	UK
16/07/07	Shieldtech (Base Group) (STEC)	Ballistic protection equipment	UK
13/07/07	Maple Energy (MPLE)	Oil/gas/ethanol	Peru
12/07/07	Dhir India Investments (DHIR)	Distressed investments	India
12/07/07	Superglass Holdings (SPGH)	Insulation manufacturer	UK
11/07/07	China Real Estate Opportunities (CREO)	Property investment/development	China	1
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10/07/07	Minerva Resources (Palladex) (MVA)	Mining	Kyrgyzstan, Ethiopia, Sierra Leone
09/07/07	Plant Offshore Group (POGL)	Oil/gas support	Malaysia
09/07/07	Queenco Leisure International (QLI)	Casino operator	Greece
06/07/07	Jetion Holdings (JHL)	Solar cell manufacturer	China	1
06/07/07	Mount Engineering (MOU)	Engineering	UK
05/07/07	Cobra Holdings (CBRA)	Wholesale insurance	UK
05/07/07	MobilityOne (MBO)	E-commerce payments	Malaysia

2007-08-01 13:20 (v1.0.3)

Post 273 as well.


Shares -
RM2 is ready to please




RM2 is ready to please

Pallet manufacturer and rental provider’s float could get 2014 off with a bang


A business with half its market cap in cash, products that could disrupt its target market, huge potential to pay a generous dividend and very high-profile board members is set to join the stock market on 6 January. Support services group RM2 International has devised a more durable glass fibre and resin pallet which lasts longer than traditional wood products. With big name customers already signed up, we suspect this will be a much sought-after stock.

It will be quoted on Aim and valued at £278 million. RM2 has already raised £137 million cash to expand its production capacity and fund the manufacture of pallets to rent and sell.

We are very encouraged by the fact that none of the existing shareholders are selling down their holdings at flotation. Invesco Perpetual is the biggest investor and management also has a significant position.

CEO John Walsh-15

Chief executive officer John Walsh tells Shares that while RM2 should make a small profit in 2014, he classifies the upcoming year as a ‘growth’ period. He reckons the business will make $75 million revenue, rising to $250 million in 2015 and $500 million in 2016. ‘It will be 2015 when we really hit the ground running and start to generate significant cash by the end of that year,’ adds Walsh.

Most of the pallets are expected to be rented by customers under long lease agreements, resulting in a high level of recurring revenue. Assets will be funded through a mixture of secured debt and cash generated from operations. The new product has many benefits. The pallets do not gather the mould that forms on their wooden equivalent, which is a boon for pharmaceutical companies, while they are also more durable and have greater load-bearing capacity. RM2 says ‘dozens’ of blue chip companies are already using the new pallets, notably Heinz (HNZ:NYSE), IBM (IBM:NYSE), Flextronics (FLEX:NDQ) and Unilever (ULVR).

RM2 claims its pallet costs $55 to make and last for more than 100 trips. Walsh says normal wooden pallets cost $40 each and only survive 30 stints on average. ‘You can get low-quality wood single-use versions for as little as $6 but these are an environmental disaster as they go into landfill.’

Its Canadian plant can produce one million pallets a year. RM2 will increase capacity to three million units in 2014, helped by the launch of a new factory in the US. The following year should see a UK plant open and annual production capacity reach 6.5 million pallets. North America and Western Europe are the target markets.

Board members have significant contacts in the food, drink, retail and private equity sectors. Chairman Ian Molson is former deputy chairman of Canadian brewer Molson. Non-executive directors include former Marks & Spencer (MKS) chairman Stuart Rose; and Paul Walsh who is ex-CEO of Diageo (DGE) and incoming chairman of catering giant Compass (CPG).



Invesco already holds 28.52pc of the company, which is registered in Luxembourg, and expects to increase its stake to 40.19pc following its admission to the Aim market on January 6. The free float is expected to be 43pc.

Like the look of RM2 as well DC ...

The blue GKN Chep pallets used to be the market leader. I wonder if rental pallets are still sought after, except for the big warehouses. Where I used to work we preferred to buy them as most ended up on trucks for delivery and were never returned.

RM2 is tipped in the Mail today.

HARRY when signing for the goods you signed for the pallets as well (as with the blue Chep's) it was a round robbin system ,i would think this will be the same ,there are huge industries transporting millions of pallets ,i like the fact these are more durable so can make many more trips before disposal .

A lot of interest being shown in this IPO, available from the 6 Jan. Thanks for the input. I will grab a few and open a thread on the 6th.

They also are very good at getting a bonfire on the go. shhhhhh. Lol

Can anyone advise the best way to find out about new and upcoming IPO's?

Try Digital Look ..

You beat me to it.

http://www.digitallook.com/dl/news/category/new_issues

http://www.growthbusiness.co.uk/news-and-market-deals/aim-deals/

jimmy b - heres your next asos

From the mail -

fashion retailer plans £500m flotation

Hailed as the next Asos, online fashion retailer Boohoo has increased its workforce by 75 per cent in the past two years and plans a £500 million float in 2014.


The Manchester-based, family-backed firm is an entirely online retailer targeting the under-25s with its own-brand clothing, shoes, accessories and jewellery. The site offers a new trend every week, helping to boost repeat visitors.


Sales surged by 132 per cent to £67.2million in its last financial year to February. Profits increased from £249,000 to £3.2million.


Co-founders and joint chief executives Mahmud Kamani and Carol Kane both had experience of supplying the fashion market as wholesalers before setting up Boohoo in 2006. Kane said: ‘It’s about newness all of the time.’


UK sales increased 68 per cent to £43.8million, while international sales rose from £2.9million to £23.5million.


Boohoo, which files accounts under parent company name Wasabi Frog, saw international sales account for 35 per cent of turnover.


Earlier this month, Boohoo, which advertised heavily in 2013, celebrated its first year in the US with a star-studded viewing party at singer Beyonce’s Los Angeles concert.


Kamani and Kane, who also export to New Zealand and Canada, are now targeting France and Germany for growth.

Jimmy B / Dreamcatcher -many thanks for the info re IPO's.

The London stock exchange is a good site as well.

http://www.londonstockexchange.com/exchange/companies-and-advisors/aim/new-recent-issues/new-recent-issues-home.html

Trouble is DC people are ready for this one it's already a success ,(does'nt mean it's not a good buy) ,i like your earlier write up on ex asos directors setting up Koovos.

I will find you your next asos. lol

Or give me the lotto numbers ,same thing..

I was in asos DC ,i'll dig out my old contract note for the exact figures ,it's somthing like bought for 60p sold 100p thought i was so clever :( . Lucky i'm mentally stable..

Lol . Going to grab a few RM2 shares jimmy, they look good for a long term hold.

I'm interested.

Like the figures :-))

Chief executive officer John Walsh tells Shares that while RM2 should make a small profit in 2014, he classifies the upcoming year as a ‘growth’ period. He reckons the business will make $75 million revenue, rising to $250 million in 2015 and $500 million in 2016. ‘It will be 2015 when we really hit the ground running and start to generate significant cash by the end of that year,’ adds Walsh.

anyone remember Aerobox?