Riverfort Global Opportu... Share Discussion Threads

[jonno1] 17/1/2013 17:54

Article posted on Stockhouse

[22zacman] 04/1/2013 11:42

Arb to take place during 2013 I think...

[count chris] 24/12/2012 16:53

Good work Steve I didn't look hard enough. TikTap relies on the business owners being very proactive and imaginative which hasn't really happened in the area I'm in yet but I hear they are going to give everyone a free training day to inspire them. I might even be able to blag my way on it come to think of it. From what I've seen the technology is good and makes sense for small retailers - it's really up to the business owners to pull their fingers out

[steve695] 24/12/2012 10:16

Count Chris, I also just tried the app.

If you select one of the stations on the map you are taken to a page where you can search for local businesses via either rootle, tripadvisor or TikTap. Selecting Tiktap then opens the TikTap app and does a search.

I tried Leicester Square and it only comes up with one offer which is 2.3 miles away in Camden. Not very impressed by that, surely they have managed to recruit more than a single merchant in central London but it sure doesn't look like it...

Have a good Christmas all.

[roily] 11/12/2012 01:49

Wow-almost 3 months since the last post here. Does anyone know anything about what is going on? Not even a rumor to mull about:( OK, back to the WZR, GKP, TPL boards.

[steve695] 03/12/2012 10:19

paulypilot - just a quick guesstimate before I left the office and I now realise that I had used the original £2.2m for the placing. Let me try to put some figures on the cash burn.

I see £2.85m raised from the issue and about £0.7m net current liabilities. So along with their stated burn of £2.5m EBITDA p.a. this covers approx 10.5 months from the balance sheet date. So all things being equal this takes them through to sometime in July.

Best of luck to you and all.

[count chris] 02/12/2012 15:37

Hmm maybe not - just downloaded the app. TikTap integration was added on the 20th of October but it's invisible to the user as far as I can see. Presumably should I visit the relevant areas TikTak offers pop up? Still a very popular app has chosen to partner with TikTap which is a vote of confidence

[count chris] 02/12/2012 15:08

Well the results answered my question about the London Underground. That's got to raise awareness and be a massive boost for the brand wouldn't you guys say?

[paulypilot] 01/12/2012 03:41

Absolutely! When a company is in restructure mode, then all intangible assets should be written off to nil. They are meaningless anyway. All that matters here is whether the PoS mobile product will take off or not. Everything else is background noise. I'll be doing some research on that, but for the moment am happy to have a small punt on it at 16-17p with money I can afford to lose.

PP.

[ltinvestor] 30/11/2012 17:00

Good luck Paulypilot.Interesting that they have written everything they can possibly write off in these accounts and now carry forward a £10m tax loss.Let's hope that they can use these tax losses one day!

[paulypilot] 30/11/2012 15:38

steve695,

The way I read the results, it looks to me like they have over a year's worth of cash - the Placing, plus the small year-end balance, and they indicate £2.5m p.a. EBITDA cash burn.

Also say they expect to move back into profit in 2013, which is why I bought a few today - purely as a punt, I'm aware of the disastrous company history. But the 2 products they're running with now do sound promising & real. Time will tell. Have only punted with money I can afford to lose.

Regards, Paul.

[steve695] 30/11/2012 09:35

Results pretty much as expected.

I'm wondering how long the cash raised via the share issue can last at the rapid rate that they seem to burn it, 6 months or so maybe..?

While the new technology seems like a good idea I still find it hard to believe that it can turnaround the cashflow within this sort of timescale.

Anyone else see it differently?

[count chris] 27/11/2012 21:48

I was ready to short this but someone told me today that they are trying to get Tik Tap onto the London underground. Has anyone heard this?

[the prophet] 27/11/2012 10:06

-note its a 'RNSNON', deal with O2 could be impressive, but this one is confined to a small area of Dublin, still, got to start somewhere and it is a pilot.
-might have been more informative if the news release said 'succesful pilot will lead to roll out blah blah blah'
-as a plc, I think RGO have had it, least with pi's, after that 10p shares for the boys stunt.

[ltinvestor] 27/11/2012 09:22

Very interesting release today and hopefully onwards and upwards!

[the prophet] 23/11/2012 11:26

-full year results must be coming up soon, wonder how tic-tac or whatever its called has done! Not too well would be my guess, but no doubt they can dress it up somehow. Zilcho interest here after that 10p placing shares to the directors stunt.They are probably better off taking it private again, perhaps thats their next ruse?.....

[sirshagalot] 19/10/2012 11:08

"The Board is more confident than ever that the preparation work, aligned to the innovations in product enhancement and proposition development, will deliver unprecedented success in the coming years." -Dec 2010


Mobile couponing is poised to be huge as seen by the Google bid for Groupon at a valuation of $6bn for the 18 month old company. RGO have patents in this arena and are already working with major companies such as Proctor and Gamble. - Itinvestor

now look at past charts!! lol.

let the trend be your friend

[the prophet] 09/10/2012 09:04

-bigger drip today towards the 10p mark
-serves the directors right, daylight robbery personified with the recent placing!
-one assumes tic-tac or whatever stupid name its called is not exactly rolling out big-time.

[the prophet] 03/10/2012 12:31

-couldn't find anyone else to stump up?
-worth keeping an eye on, as clearly the directors believe there is upside here, but should also be borne in mind that they must hold private investors in contempt to do a placing at that sort of discount. I dont think they should be a public company anymore after pulling a stunt like that.
-I also think their new product offerings will struggle to make much head-way, unless they get someone major to take it on, ie someone in the retail software/systems market.

market is so thin in these, just 3 MM's offering 1000 shares both ways, with one on a 10p-20p spread!
-act of faith to buy these, as really locked in even on a trifling quantity.

[ltinvestor] 03/10/2012 09:15

£700k from 3 directors.Wonder why?

[the prophet] 28/9/2012 10:59

-Looks like slow drip down to the 10p placing price here?
-disgraceful placing, just glad I ain't got any anymore!

-market is so thin in these now, only 3 MM's, offering 1,000 shares both ways, with one on a spread of 10p-20p
-act of faith to buy any of these!

[22zacman] 24/9/2012 20:07

I am going to have a punt here. Arbitration sounds like fun and Crest do not mess about...

[roger-lawson] 15/9/2012 11:26

My analysis of 2ergo (as a former shareholder)and of this placing is here: - and yes it is a stinker of the first order.

[2lb] 14/9/2012 13:38

My primary concern would that be it's a lot of effort to go to to raise what is essentiallly less than 8 weeks cash cover....surprised they didn't try to raise A LOT more money to really invest in the new strategy. The fear is this is therefore that this is an excercise to keep the wolves from the door.

[hj118] 14/9/2012 13:03

The discount should only be an issue if you are not taking part- looks straightforward to me; we can join in at 10p by going to Numis for additional shares under the option.