Raymarine shares!!

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Having been buying RAY shares during the last few months on the chance of a take over by Garmin...my average is shed loads at 12p, this past week has seen a constant fall in the price and now can be picked up for less that 5p..!!! I reckon that RAY gear is the best on the market so surely they are not going to go bust??? Fingers crossed for a quick recover....lokks like my ideas of a HR31 and now becoming more of a Mirror Dinghy!!! :-(
 
Graememcmurhcie said:
Does that mean the shares will be worthless?
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I bailed out a fortnight ago, just couldn't see anything happening in the short term after the Garmin interest seemed to fizzle out. The Raymarine board have said shares may be worthless in one of their press releases. However I think the brand will remain, just be owned by someone else.

Pete
 
My brokers advice seems to be divided between a strong buy and a strong sell.......... I heared that Barclays bought in a few weeks ago in quite a big way so who knows......... but why not as a punt if they can hold out for another 6-12 months and weather the storm
 
With 2 strong warnings from the board of 'little or no value to shareholders' it's time to bail.
You have to forget about any emotional attachment to Raymarine however good the product is. The 4th December is the next date to watch for.
Personally I'm expecting a massive dilution of shares making the current 5p a share far too high but please note I know nothing that isn't already discussed elsewhere.
 
I'm afraid you forgot the golden rule High Return=High Risk. :(:( You could make 50% on those shares in a few days if it all works out for you but, if you're going to get that sort of return, you can guarantee that it's high risk (or inside knowledge which is, of course, illegal).
 
This is the classic difference between investment and speculation. Invest money you want to keep, speculate with what you can afford to lose.

Thats the theory, just why can't I get it right
 
WoodyP said:
This is the classic difference between investment and speculation. Invest money you want to keep, speculate with what you can afford to lose.

Thats the theory, just why can't I get it right
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No, its not the theory.

I will explain the theory in a moment.....

First of all, leave them alone, just don't go near them. You would lose your stake. Simple.

The "theory" is a fanciful spin put upon this topic by economists who are not practical persons but instead muddled theorists who are confused by their own ideas, bless them...
:eek::cool:

The reality is that investment is medium to long term, and speculation, with the additional excitement of uncertainty and possible danger is short term to very short term....:p...and in some cases...very short term indeed....:eek::D
 
Going slightly off the shares theam of this thread, would you send your radar scanner to Raymarine for repair at the moment as you may not get it back if the receivers are called in?
 
Networks said:
Going slightly off the shares theam of this thread, would you send your radar scanner to Raymarine for repair at the moment as you may not get it back if the receivers are called in?
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Yes, infact a good time to have it repaired, work should be quite slow in the run up the Christmas. Leave it until the Spring and you will be competing with everyone else who suddenly needs something repairing. Neither Ray or the receivers would own it you do, you bought it and it's your property.

Pete
 
Hmmm .... I learned something a few years ago when I bought Marconi shares when they were dead cheap thinking they were bound to bounce back. A few months later after more decline they were bust and I had lost everything I invested - well not quite as I got a cheque for a few quid from the receiver months later!

Incidentally Raymarine are not sponsoring the Warsash Spring Series next year but it's still going ahead in similar format to previous years according to the stuff that landed on my doormat last week.
 
Twister_Ken said:
Pete7 - sounds like you've never had to deal with an administrator!
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Oh I have and yes I agree it wasn't pretty or quick, but did get my property back.

I still think the brand will remain, what no one wants is the £100m debt, so let the banks and shareholders take the hit and then pick up the pieces.

Pete
 
I have just asked a friend to clarify the position if a radar was with Raymarine for repair and the administrators were called in. She does this for a living, here is her response:

If it is yours, it remains yours unless you sell it to them (which you won’t). There are a few things that you need to remember before you go ahead…there are no cast iron guarantees

Is it clearly identifiable as yours/or whoever owns it/ If not, get it labeled in some way (if Receiver was appointed you want to be sure everyone will know whose it is, even if staff have left)

Make sure you can prove they received it and when.
If they did ‘lose’ it, you would struggle to prove whether it went astray before or after the Receivership. Either way, you wouldn’t stand much chance of compensation

If rent is unpaid, a landlord could distrain on all assets in the building, even third party assets. I have seen this happen (some years ago) and the owner had to take legal action to recover it. I haven’t had any recent cases….don’t want to alarm you but just letting you know.

When we get cases, we do try to identify what belongs to third parties and get them to collect. Having said that, there is a lot happening at the outset so even with our best efforts, we can’t guarantee that we can identify everything. We really do depend on company staff and on having clear identification on the product.

I Hope this helps
 
This is the history of their share price :-

1 week - 6.38p (-21.63%)
1 month - 11.00p (-55.55%)
3 months - 11.00p (-55.55%)
6 months - 17.75p (-71.83%)
1 year - 17.00p (-70.59%)

So in a year they have gone from 17p to just over 6p. Interesting to see that some folks are taking some positions on the shares but the trend on the figures speak for themselves and the trend at the moment seems to be one way :(
 
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