Slow and steadySlow and steady works fine for folks on board since 2011. As 'Last of the Mohicans' some of you have scalped a price rise from $1 to nearly $5, propelled in no small way by the Perlus transactions, and the annual yield on your original purchases will likely hit 10% by year's end. Hard not to like and any advance just added gravy.
The market under-valued RDM for years but an inciteful buyer spurred recognition. Based on recent past results and available information the shares now appear fairly and fully priced until performance and prospects dictate a revision. The onset of institutional investment remains a big concern particularly as most current shareholders remain passive.
Hard evidence and well defined market conditions are a requirement; neither the activity from Santander nor the punts between penny-snatchers, activists and shills will be a sustainable driver. There is no doubt that RDM competes in an interesting and potentially rich sector but the scope of that market is not clearly defined and there is no obvious peer group against which to measure advances in market share. Susceptibility to customer attrition or vulnerability to technology advances is unknown. These are but some of the factors that may deter or even preclude instituional investment in RDM. By extension they may also be a hurdle to acquisition, merger or takeover opportunities. Almost certainly it will take more than a David Copperfield illusion to convince major investors that the rise of the last five years will repeat itself over the next five.