Some entity has been selling RAS shares big time. It must be a large shareholder who has decided to dump all its shares, and that is why we are seeing sell orders every time that there is any buy orders, thus pushing the share price down to new 52 week lows on a daily basis. Unfortunately they are not yet done with these sales, and that is why in spite of efforts by buyers today, I suspect we will end up with another 52 week low today or tomorrow. I just wish that I could know why they are selling.
I will either sink or swim with RAS. I could not resist, and bought some more shares this morning. I hope we are getting close to bottom, but who knows.
I will leave this one for you guys to analyze.
This is looking really bad for RAS now to be at the 52 Week low price right before Ex-Div date. This means that the share price will be going below $6 after the Ex-Div date of July 8th.
You are actually right on this one. The Greeks owe over 250 Billion Euros!!!! Where did all this money go? Well a bunch of lazy people who used easy money while the getting was good, and now they are crying why the river of free money has dried up!!!! Amazing, Just Amazing. No wonder Germans are so #$%$ off about these lazy Greeks.
When he is around, everyone here bashes him, and when he is not, most everyone misses him :-) This has been the case for the last seven or 8 years that I have been visiting the RAS board.
Got to admit, it is boring here without his insight, & analysis, even though I do not agree with many of them.
Muck, I am glad that you are investigating the available public information about RAS. I was also surprised to see the miserable report of the 1st quarter. It reinforces some people's belief that the Tabernas were used by RAS to fluff & conceal some numbers. I hope that is not the case, and that 2nd quarter numbers will be a better & clearer indication of where RAS will go. Meantime there are strong forces pushing the share price down. I personally am long, but I will not be surprised if the share price will go below $6 before it will bounce back. I should have listened to Zhivago who shorted the RAS shares and told everyone when the price was at over $7. He has been correct in his trades, and he is always very honest about it. I wonder whether he has covered his Puts or still holding?
Almost half a million shares were traded today in the first hour of trading, and the stock hit a 52 week low of 6.19
Unfortunately there are some forces who are selling at any opportunity, and these are large shareholders.
We have to see if the upcoming dividend announcement will have any positive effect on the shares. RAS has been on a downward trend for the last 12 months.
I personally think that the chances are slim or none based on the numbers released in Q1.
I am even thinking that the 72 cents annual dividend may not be as secure as some think it is. Any ideas?
Dear RAS Message Board participants, Here are the final entries for this competition based on the time-stamp of the messages and in chronological order :
Good Luck to all. I personally hope that we will hit the $8 mark sooner rather later, but who knows what the Market will do.
Dear RAS Board friends,
Here is the tabulated entries so far in chronological order:
You still have time until last day of May to participate in this friendly contest. The winner will be the one with the closest guess when RAS will hit $8.
Please keep your guesses coming. 9 more days to go before I will tabulate and send all the entries.
Let's do a competition in which everyone will guesstimates when RAS will hit $8 a share again.
Entries for the competition will start now and will end on May 31, 2015. I will pay $50 to the winner who guesses closest to the date when RAS will hit $8.
My Guess Entry: January 7, 2016
Do you guys think that anything new will come out of the shareholders meeting?
The hope is that management will announce some positive news that may spur a spike in the lagging share price.
The Seeking Alpha article that some of you on this board ridiculed is proving to be absolutely correct. All you have to do is look at the 12 months graph of RAS share price to see where the next stop is.
RAS has been paying dividends; however the share price has gone from about $9 to $6.50 and if we calculate the dicvidend payment in this period, it will be around 70 cents, while we have lost $2.50 so far in share price. Judge for yourselves, this management does not care about shareholders as this company has never cared before this management. All you have to do is to look at the rate of return in the last 8 years.
Just My Humble Opinion.