RGU 0.00% 19.5¢ regalpoint resources limited

Very interesting top 20, page-2

  1. 37,911 Posts.
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    for some reason, i was going thru my portfolio just now (since the list seemed much longer than usual)

    this was the only share code i did not know existed & did not even know what company it was (note: i don't have many shares)

    i can't even remember how, why & when i bought them

    20 million shares traded or moved on 11 July (what happened there? obviously not trading????)

    yes, that is Ian Middlemass (Arredo Pty Ltd) holding 1 million shares in last year's annual report

    its a $2.7M market cap shell, with $2M in cash less $658,586 in debt & payables at 31/12/15 less another $64,000 borrowed in the 1st quarter less $50,000 2nd quarter spend, of which $607,700 were repaid as follows from $2M raising:

    * pay fees in the amount of $405,000 to Transcontinental Investments Pty

    * pay director’s fees in the amount of $57,500

    * pay director’s fees in the amount of $145,200

    also $500,000 lent to Impact Investment Partners Pty Ltd (Impact)

    has potential for big upside given RGU has an EV (enterprise value) of only $1.5M

    clean shell...looks good per @forrestfield top 20 commentary & huge movement of stock on 11 July

    ........
    Last edited by ddzx: 14/07/16
 
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Currently unlisted public company.

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