Monday 22 January 2018 ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

Red Leopard Holdings – if you can’t beat ‘em, join ‘em

By Cynical Bear | Saturday 4 March 2017

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

My second punt for the weekend is even more rash than my first, but having seen Chris Akers pull off a bit of magic at EVR Holdings (EVRH), I’m struggling to resist a little dabble at Red Leopard Holdings (RLH) which he rescued this week with a £250,000 investment.

Red Leopard Holdings was on its way off the casino having lost its Nomad on 23 January; however, last Tuesday, it was announced that:

“… has today completed a subscription to raise £250,000 at 0.1p, made certain Board changes and appointed Beaumont Cornish Limited as its Nominated Adviser and Peterhouse Corporate Finance Limited as its sole Broker with immediate effect.”

The dream team!

Chris Akers subscribed for the full amount and there were also 375 million warrants issued at the same price of 0.1p. The advisors also received 75 million warrants on the same terms.

The share price jumped significantly, unsurprisingly, as everyone was assuming the worst and it had settled by the end of the week at 0.26p. Now clearly on any normal valuation, that is crazy as it values the current equity at over £2 million, ignoring the 450 million warrants for the moment. The investment is being used to pay off £50,000 of accrued fees and fund diligence costs on potential investments.

However, I can understand why people are buying.

I have previously looked at “How to make money out of a Chris Akers stock” when looking at EVR Holdings, and it all about timing and getting in as early as possible. I first mentioned that stock at under 3p and it currently trades over 10p.

Some value has obviously gone at Red Leopard already and obviously I would have preferred to get in at Chris’s price of 0.1p; however, with a track record that includes Concha (CHA), Audioboom (BOOM) and EVR Holdings, all of which reached close to a £100 million market cap or more at some point, it is worth a small punt hoping he can do more of the same here. I would also hope that he has some idea of a potential investment already.

Please nobody worry, normal order (and my cynical nature) will be restored tomorrow with my weekly snarl at Mark Gustafson but, before I go, one last tip.

My favourite bet for Cheltenham is Might Bite, the current favourite in the RSA Chase on the Wednesday; the second favourite, Coney Island, pulled out yesterday reducing Might Bite’s price, but you should still be able to get about 3-1 in the antepost market.

Good luck! 

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