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

jim what %age of pallets go "missing" work it out for yourself.

Thanks jimmy. John Walsh's words ''Dozens'' of companies are using them.

Figures - Wooden pallet costs to make $40, will service 30 trips

Plastic $55 costs to make , will survive more than 100 trips.

So the wooden pallets are over $120 for 100 trips to the plastic of $55

The pallets will be on long lease, with high reoccurring level of revenue.

If you lease pallets (as in GKN Chep) you sign for them and exchange them.

Halifax these will have tracking systems in them as I said to cynic. The wooden ones carried a high levy for non returns.

If this was a new company setting out,I would not touch it with a barge poll. As I have said the operation has been running 6/7 years.

I can't tell you if this is going to be a great buy ,i only know how the pallet system works.
DC as in GKN Chep blue pallets ,someone was usually responsible for missing pallets that had to be paid for.

Thanks jimmy b, good to have the questions. There will be a lot of interest in this one .Non of the original investors are selling and one of the holding comps is increasing its holding.

skinny - 30 Dec 2013 16:44 - 312 of 321

But can you burn them? :-)


Only in the dark, as they will smoke, a bit like burning a tyre. lol

Well nothing in life's a dead cert is it DC .

Is now halifax don't like them along with Blur, Wandisco. Them two have lost me a fortune. :-)). Being serious you can only go on what the top exec of the company puts out. I have good vibes for this one. I will also check the tea leaves tonight, :-))
I will buy on the day they start trading, as said they will be for the long term.

dc we wish you good luck as no doubt initially it will do well as their board and senior management is packed with bankers and accountants but who is going to deliver the operational success of this company? Have you seen their accounts for the past 6/7 years? Investco will be pleased to get this one away.

halifax you are guessing. :-)) The company is not full of bankers and accountants. Its a fully operational company with a senior management team built in. You just look up the past history of the list of managers below.


Senior Managers and Operational Team


Philip Seligmann
Chairman RM2 North America

Matthew Gilfillan
Head of North American Sales and Marketing

Christopher Gibbs
Head of EMEA Sales and Marketing

Ewa Groszek
Managing Director of Equipment Tracking

Tom Lane
Head of Manufacturing

Rick Needham
Head of Strategic Manufacturing Development

Ruari McGirr
Strategic Development and Investor Relations

Richard San Martin
North America Sales

Robert Blaikie
EMEA Sales

dc you forgot to mention the Board Members...oh and by the way please comment on their accounts for the past 6/7 years,

You will have as I have said in the past to ring the company.

We are starting to go down the track of the past . Please do not run me round, you can look it up. Lets stay on good terms.

dc no problem as you know the Board of Directors comprises mainly bankers and accountants(which may or may not be a bad thing), we are finding it difficult to access their financial statements possibly because they appear to be incorporated in Luxembourg?

John Walsh (CEO) Mr Walsh was recognized as the third most influential European in US Financial Markets by Financial News (November 2005) and the seventh most important British Businessman in the US by the Sunday Times (December 2005).


Chief executive John Walsh said: “Admission will give us the ability to turn a meticulously developed and tested pallet and logistics approach - for which we believe there is a clear demand - into an operation of real scale.”

DC says it will float at 88p..

Wonder what it will open at at 8am.


Pulled this off sky news - Although it operates in a relatively unglamorous sector, RM2 and its existing investors believe there is substantial scope to grow the company rapidly because of the industry's massive fragmentation.

The biggest operator in the US had a market share of just 3.1% last year, according to material circulated among prospective investors, while the global market is forecast to grow at an annual rate of 4.5% to $4.5 billion (£2.8bn) by 2017.


The business is run by John Walsh, formerly a senior banker at Royal Bank of Scotland, and is understood to have attracted the attention of prominent investors because of its proprietary technology and ability to control wastage in the supply chain through the use of sophisticated tracking software.

RM2's eye-catching board line-up also includes Ian Molson, a member of the North American brewing dynasty, who has been appointed as the company's chairman; and Amaury de Seze, a director of Carrefour, the French retailer, who will join Sir Stuart and Mr Walsh as a non-executive director.

The only thing that worries me slightly is that this float appears to be basically a binary play on whether the pallets are successful or not. (i.e a single product). There is nothing else to produce enough revenue to keep the company solvent.
Interesting that they are floating after the recession. Tight company budgets would probably have made this a flop a few years ago.
Not sure.........especially as the very well established Chep pallet system is still running in competition.
Another thing that occurs to me is, what about international traffic. Many seafreight container contents are now palletised to reduce product handling and for H & S issues. Presumably pallets shipped abroad are 'lost'? Likewise road transport across international borders etc

Good point Harry.

Purely my point of view - The contacts of this company must be huge. I'm thinking this board would not been interested in being appointed on chance. There are some big names here. They have just raised something like 100 million before this IPO.


Carrefour SA (Public, EPA:CA) is a French international hypermarket chain. Headquartered in Levallois-Perret, France, Carrefour is the largest hypermarket chain in the world in terms of size, and the second largest retail group in the world in terms of revenue and third largest in profit after Wal-Mart and Tesco.