----- Original Message -----
Sent: Friday, October 03, 2003 1:50
PM
Subject: Re: [sharechat] RMG - up 24%
at 1:30
DEar Cristine,
I take my hat off to you completely for your
depth of research and your completely open sharing.
I enjoy constantly you and Morgy and Woody
and David et al. Except for basic details (
the
only ones I know about!!!) I use my trusty
chart. After going to Dan Gramza at the weekend I
find I have another fine tuning tool in my
armoury. It was totally excellent and a most
compelling
and logical tool.
After all that - of course, I am going to ask
you something. I used to have some shares
in TASSAL Salmon
Fishery. They went into receivership and the receivers
bought another
Salmon Farm to make a much better
Company. That is what they said anyway - not a
lot of info. The conjoined
Company is now being bought by David Williams and Mariner
Financial - due Diligence is very shortly to
come to fruition.
Am v partial to a nice salmon steak and
looked at the company - made a small loss - kept
my eye on it. Do you
or anyone else know anything vital. Mariner Finance have
placed shares
with other Investment houses but apart from I
am not very good at finding the bottom story.
Sounds kind of interesting.
Any info - received with much gratitude.
Cheers Phyllis.
Sent: Friday, October 03, 2003
12:44 PM
Subject: Re: [sharechat] RMG - up
24% at 1:30
You might want to check the momentum of
ASX - IMC.
----- Original Message -----
Sent: Friday, October 03, 2003
11:42 AM
Subject: [sharechat] RMG - up
24% at 1:30
It may actually be that RMG is finanlly on the move.
Have hovered around 3c
- 4c for the last year after their huge
tumble from 25c. After looking at
their latest financials it
appears they have managed to obtain a very
realistic team eg
make it no secret that the last year has been extremely
bad,
also note that revenues have been spiralling downwards and hit hard
in
the last year. Cashflow still very poor and only managed to
stay positive
due to issue of more shares/convertibles/options.
Liquidity is very poor
0.4, however since dec 00 has averaged
0.8. Revenues are down by 32%
compared to last year. However,
what amazes me is that with all this doom
and gloom they have
still managed to win significant contracts eg National
Aus Banks
92m of debt, debt recovery contract with telstra (3year).
Still a
highly risky stock however could show promise if you want to buy
into managements realism.
Also to note, at 1:30 today
they had 500,000 buy orders with no sell
order.
regards
shayne
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