Results: RM2

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NEWSFLOW

#RM2 International – 2017 even adj. operating loss of $23.2m on lower revenue of $6.6m

2018-05-20 23:51:56

NEWSFLOW

#RM2 International – liquidating Canadian manufacturing business, “re-negotiating its footprint in China”

2018-04-30 23:42:58

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RM2 International: Woodford all-in holding seven-deuce; wonder how it will turn out?

I ended my most recent piece on RM2 International (RM2) with a suspicion that Woodford was getting tempted to support these guys one last time and today a $36 million placing at 1p was announced, pretty much wiping out the existing shareholders and leaving him holding 67% of this uber-dog!

By Cynical Bear
2018-03-29 03:40:00

NEWSFLOW

#RM2 International – bailout $36m placing at 1p per share, 2 NEDs ‘step down’

2018-03-28 23:56:24

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RM2 International: More good news – one more month’s stay of execution!

It’s amazing what can be done when one’s back is against the wall. For the third month running, the guys at RM2 International (RM2) have found some cash from behind the sofa and can put some money in the meter. Its RNS this morning is its most upbeat in a while although I'm not sure it will alter the long-term outcome.

By Cynical Bear
2018-03-09 03:44:47

NEWSFLOW

#RM2 International – cash resources to mid-April, “in advanced stages of financing discussions”

2018-03-09 00:56:29

NEWSFLOW

#RM2 says it will now go bust by March 10 rather than February 21 - another triumph for #NeilWoodford

2018-02-12 00:48:49

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RM2 International: Good news – Neil Woodford’s dog has been given three weeks more to live!

Look, I’m trying to be nice. We were last told that it could be tits up for RM2 International (RM2) by the end of January and today we heard that it has found enough cash down the back of the sofa to last until the third week of February. Good news! The reality is that this is a cash guzzling uber-dog and highlights the predicament that Britain's most conceited fund manager Neil Woodford has got himself into.

By Cynical Bear
2018-01-19 03:36:17

NEWSFLOW

#RM2 International – exploring options as currently considers cash through only to third week of February

2018-01-19 00:59:59

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RM2 International: Yep – it was another bad week ahead for Woodford

A week ago, I noted that news was due from the disruptive pallet manufacturer, RM2 International (RM2) and doubted that it was going to be positive. Well, it finally came out yesterday and I wasn’t disappointed although assume Neil Woodford and the long suffering shareholders of this and his Patient Capital Trust (WPCT) probably were.