RIFC share prices and trades

[BrahimHemdani 1]

The Hughes trade just came through as a delayed notification, it was a single trade so the other 2 x 1m and the various 250k trades were someone else bailing out too.

 

This confirms that there is a mechanism for delaying notifications as I suggested.

 

Note it is at 20.5p!

[Zappa 0]

The Hughes trade just came through as a delayed notification, it was a single trade so the other 2 x 1m and the various 250k trades were someone else bailing out too.

 

That's a pretty significant development and makes sense too because the 2 x 1m and multiple 250k trades yesterday clearly didn't add up to 2.2m in any way.

 

The concerning aspect of this is that Hughes is a very shrewd guy indeed, so you have to wonder why he would have kept his shares till now and then dumped them at such a low price.

[forlanssister 3,050]

This confirms that there is a mechanism for delaying notifications as I suggested.

 

Note it is at 20.5p!

 

Quite a few of the larger trades since the IPO have been delayed notification.

 

The fact that he cut and ran at 20.5p tells its' own story.

[TheTinMan99 0]

Wow, 20.5p. If it gets much lower, Green will become interested again. God help us.

[BrahimHemdani 1]

Interestingly enough the shares are being held by Schweco Nominees Limited (on behalf of Damille Investments II Limited) who are owned by

Paul E Schweder Miller & Co who were fined last year for attempts to manipulate the share prices.

 

It goes from bad to worse.

 

http://www.dailyrecord.co.uk/sport/football/football-news/guernsey-based-hedge-fund-damille-investments-3027112

 

 

Guernsey-based hedge fund Damille Investments Ltd buy three per cent stake in Rangers

16 Jan 2014 07:22

 

IT'S understood the firm bought the holding from Richard Hughes of Zeus Capital who was a key player behind Charles Green’s takeover in May 2012.

Getty Images

 

A GUERNSEY-BASED hedge fund group have snapped up more than three per cent of Rangers.

 

 

The company – described as a turnaround specialist – is headed up by two executives, Brett Miller and Rhys Davies, and promises to “optimise balance sheets and align management and shareholder interests”.

 

This from 2009.

 

http://www.independent.co.uk/news/business/analysis-and-features/lonrhos-bitter-battle-to-retain-the-heart-of-its-african-empire-1742392.html

 

Lonrho's bitter battle to retain the heart of its African empire

 

The situation has been muddied by Damille's decision last month to sell most of its stake. The Damille board nominees, Brett Miller and Rhys Davies, have withdrawn, although they are still formally on the ticket.

 

The decision to sell up has angered AMB. Sprague says lawyers are reviewing an alleged agreement between the two that Damille would not sell up until after the EGM. Miller counters: "There was no agreement between Damille and AMB about not selling any shares prior to an EGM or at any time. Damille is purely a financial investor, and the share value had increased by over 100 per cent on what the shares had cost Damille."

Rhys Cathan Davies (Executive Director)

Rhys is a General Partner of Damille Partners, which he established in October 2008 with Brett Miller (with each holding a 50 per cent. partnership interest).

 

Rhys is also an Executive Director of Damille Partners Limited. Rhys also presently serves as the Non-Executive Chairman of Rapid Realisations Limited, an AIM quoted Guernsey registered investment company, and EIH plc, an AIM quoted Isle of Man registered investment company. Rhys also presently serves as the Executive Chairman of China Growth Opportunities Limited, an AIM quoted Guernsey registered investment company.

 

Rhys holds degrees from the University of Wales, Cardiff, and Imperial College, London, as well as the CFA designation.

 

Brett Lance Miller (Executive Director)

Brett is a General Partner of Damille Partners, which he established in October 2008 with Rhys Davies (with each holding a 50 per cent. partnership interest).

 

Brett is also an Executive Director of Damille Partners Limited. Brett also presently serves as a Non-Executive Director of Rapid Realisations Limited, an AIM quoted Guernsey registered investment company, and EIH plc, an AIM quoted Isle of Man registered investment company.

 

Brett also presently serves as Executive Director of China Growth Opportunities Limited, an AIM quoted Guernsey registered investment company in which Damille Partners holds a 10.2 per cent. interest. In addition, Brett is a Non-Executive Director of Pactolus Hungarian Property PLC, an AIM quoted property fund, as well as serving as the Non-Executive Chairman of Globo PLC, an AIM quoted IT services provider.

EGM requisition at Rapid Realisations

 

Date: Friday 11 Jun 2010

 

LONDON (ShareCast) - Damille Investments, which acquired 10m shares in Rapid Realisations Fund Ltd at the end of May, has requisitioned an EGM at the AIM-quoted investment company.

 

Damille wants Rhys Davies and Brett Miller appointed to the board and for the investing strategy of the company to be changed so that assets are realised. Davies and Miller, who are directors of Damille, were appointed to the EIH board last month to carry out the same strategy at the AIM-quoted, India-focused investment company. They are already carrying out a realisation strategy at AIM-quoted China Growth Opportunities Ltd.

 

The new policy would “maximise the return of invested capital to shareholders during the period ending on 30 September 2013” and Rapid will not make any new investments.

 

God help us now.

[BrahimHemdani 1]

The Hughes trade just came through as a delayed notification, it was a single trade so the other 2 x 1m and the various 250k trades were someone else bailing out too.

 

I have absolutely no evidence for this but it's not a great stretch of the imagination to assume that Hughes knows Miller and Davies and/or has dealt with them in the past and did a deal behind the scenes to sell his shares at the lowest price he would take (and realise c. £500,000) and the highest price Miller and Davies would pay (let's guess at 22p-24p); and the "market maker" gets the few pence turn for his trouble which could easliy amount to £50,000+. Either that or the market maker knew that they were the kind of people who would be interested in a quick turnaround and profit.

[andy steel 0]

At least we got to enjoy Christmas.

 

[andy steel 0]

With all the comings and goings, I can't remember who owns how much. Does 3% put these parasites in any sort of position to enforce such nightmares as sale/leaseback of assets?

[forlanssister 3,050]

I have absolutely no evidence for this but it's not a great stretch of the imagination to assume that Hughes knows Miller and Davies and/or has dealt with them in the past and did a deal behind the scenes to sell his shares at the lowest price he would take (and realise c. £500,000) and the highest price Miller and Davies would pay (let's guess at 22p-24p); and the "market maker" gets the few pence turn for his trouble which could easliy amount to £50,000+. Either that or the market maker knew that they were the kind of people who would be interested in a quick turnaround and profit.

 

Hughes sold 2.2m and Damille hold 2m so there was at least one other party to the Hughes deal.

 

Also there were 4 x 250k trades over a 24 (more or less) hour period in addition to the 2 x 1m and the 2.2m, interesting to see who's holding what when (or perhaps if) the dust settles.

[BrahimHemdani 1]

Hughes sold 2.2m and Damille hold 2m so there was at least one other party to the Hughes deal.

 

Also there were 4 x 250k trades over a 24 (more or less) hour period in addition to the 2 x 1m and the 2.2m, interesting to see who's holding what when (or perhaps if) the dust settles.

 

Quite so, hopefully not more like Damille but it wouldn't be a big surprise.