Riverfort Global Opportu... Share Discussion Threads

[the prophet] 17/3/2005 14:26

-pacman, here what you are saying.......
-but with the MultiServe platform, this is something that 2 ergo have developed over the last five years or so, it is customer-driven, in that it is not some large edifice looking for customers!
-the Platform is being used now, revenues are significant and growing rapidly, as the doubling of t/o each year for about the last four years shows.
-I have been invested in this company for over 4 years now, investing twice in seed stage rounds, so I do know what they are capable of.
-These guys have got their heads screwed on, are very commercially focussed and will be very succesful, imo.

[pacman88] 17/3/2005 14:00

The Prophet - I own the stock and like the sector and model. However, I also know that the phrase "if they build it, they will come" is a dangerous one. Seen to many companies first hand build a scaleable platform (eg I was involved in a couple who did this for music downloads, e-books etc) but the model was flawed. NOt saying this is the case here but I am always cautious.

[the prophet] 17/3/2005 13:33

-article in Shares mag about how mobile phone commerce is expected to take off in the UK and Europe ....
-says research has suggested mobile phone commerce will top $20bn in 2005 and $40bn in 2006 if payment by mobile takes off.
-article has a few quotes from 2 ergo joint md, Barry Sharples.
-article points out that 2 ergo have spent £5m building its Multiserve Platform and that they can handle £100m of transactions per month.
-2 ergo would receive commissions of around 10-15% for handing mobile commerce.

-that all sounds good to me, looks like a massive growth area, and 2 ergo are ideally positioned to capture a good chunk of it.

[pomp circumstance] 16/3/2005 06:17

As I said.........


Pomp Circumstance - 15 Mar'05 - 07:11 - 239 of 249 edit

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2Ergo provide the software platform the mobile providers use to deliver the content to the end user. For that they take a micropayment.

Yesterdays announcement is fantastic news for 2ergo and the market hasnt got to grips with it.

In the future your wallet will be in your mobile.

Walk up to a pay parking machine and pay using your phone, walk into ladbrokes and pay for your bets with your mobile.

Anything is possible and 2ergo are a step ahead of the competition!!

[zho] 15/3/2005 22:58

An excerpt from the Guardian's market report + an article:



On Aim, mobile phone technology group 2ergo climbed 17p to 172.5p amid talk that the Financial Services Authority will allow mobile commerce in areas such as ticketing, gambling and road tolls.

Mobile phones can be used to pay only for services delivered to the handsets such as ringtones, games and logos. According to Numis Securities, 2ergo's broker, the company is well placed to benefit from any relaxation in the law.



Mobiles free to be wallets

Richard Wray
Tuesday March 15, 2005
The Guardian

Using a pre-pay mobile phone to buy anything from concert and theatre tickets to chocolate bars and fizzy drinks from vending machines will soon be a reality with the ending of a long-running legal wrangle.

The market opened up by a new ruling by the European commission is potentially huge. There are more than 50 million mobile phone users in the UK and roughly two-thirds of them pay for their calls and texts using pre-pay vouchers.

The easing of restrictions on the regulation of electronic cash or e-money, which has been adopted by the Financial Services Authority, even opens the way to smart cards such as London Transport's Oyster card being used as e-wallets. Mobile phone company Vodafone has contacted its major content partners saying the rule change will enable payments using a mobile phone for services such as online music downloads, ticketing services and films delivered to an email address.

Lancashire-based mobile technology firm 2ergo yesterday predicted that the relaxing of e-money regulations will create a boom in "m-commerce".

Using a mobile phone to buy physical goods rather than just ringtones and screen wallpapers has been promised for years, but has been held back by technological problems and legal issues.

Many of the technical hitches that prevented m-commerce working across the UK's five mobile networks have now been resolved, but until now EU rules held back what could be bought.

Three years ago, the government implemented the EU's electronic money directive. While not as onerous as the regulatory burden on banks, the directive did place quite high restrictions on using and supplying e-money.

Using the directive, the FSA issued guidance that prevented telecommunications companies allowing their pre-pay customers to buy goods and services that were not directly linked to the phone. After more than a year's debate, the commission finally ruled in January that this restriction could be lifted.

Yesterday a spokesman for the FSA confirmed that the regulator would open the doors to using pre-paid phones to buy goods other than ringtones and wallpapers.

"We have been waiting, like the rest of the EU, for this," he said. "We will publish further guidance for the UK market but it will be very much within the terms of the EU ruling. It will not be more restrictive or vary from it."

There are already services - such as MobileATM, created by MChex Holdings, which is part of British-listed mobile technology company Stream - that can turn a mobile phone into a payment device without falling foul of the e-money rules.

[pomp circumstance] 15/3/2005 19:44

Thanks IT!!

[ltinvestor] 15/3/2005 19:26

AH
perhaps because he invests in companies that make REAL PROFITS and are growing at a great rate as opposed to PDX which is loss making (now what is their revenue) and has a mkt cap of £81m!!!

[andy hals] 15/3/2005 18:29

Pimp, I can't believe you have the imagination to be in this and you're a bear of PDX.

[zinco] 15/3/2005 13:05

Cheers thanks..this is another of my "gooner" shares now on my watch monitor....;-))

[pomp circumstance] 15/3/2005 12:58

zinco
i hear nothing from him accept what he post on the BB!!

Well Numis put a new note out after the trading update saying 180!!

We hit that immediately and since then we've had the FSA ruling regulations RNS.

I spose its hard to say, but the move into the US is very smart given they dont do much mobile phone business, its all calls and sms!

As for a pull back its possible, but the AGM is not too far away, I heard the co are happy to buy back an IPO investors 3%, so cash shouldnt be a problem.
The way I see it the engine sits there and rakes the cash in.

The management are very shrewd and will get the best out of 2ergo

All I can say is the weather is looking better and but Id rather be in than out ;)

[pomp circumstance] 15/3/2005 12:18

I think the news flow will really get going now, Im looking forward to hearing more mews about their US business. I think this is gonna be a huge market for them.
Perhaps the AGM will be the forum for this!

[cat] 15/3/2005 11:54

yesterday's FSA ruling could be company-changing news for RGO.
Its got a bit of DA. mixed with NLR.
Am already long and added this am.

[pacman88] 15/3/2005 10:08

RGO: Looks like its on its next leg up. Going long.

[pomp circumstance] 15/3/2005 07:11

tele

Its not the new dat, from what i understand about DAT is they have software for PDAs.

Its also not the new ITOUCH they produce content for mobile devices.

2Ergo provide the software platform the mobile providers use to deliver the content to the end user. For that they take a micropayment.

Yesterdays announcement is fantastic news for 2ergo and the market hasnt got to grips with it.

In the future your wallet will be in your mobile.

Walk up to a pay parking machine and pay using your phone, walk into ladbrokes and pay for your bets with your mobile.

Anything is possible and 2ergo are a step ahead of the competition!!

[shirishg] 14/3/2005 22:48

Post removed by ADVFN

[telecomstrader] 14/3/2005 22:46

this is the new dat

[olivepeel] 14/3/2005 11:41

Placing coming?

[pomp circumstance] 14/3/2005 10:51

NO in a word.

Volatity is good for a stock. It gives weak holders the chance to get out and ultimiately strengthens the stock holder base.

I have only posted information about 2ergo on threads that are associated with the business. Ie mobile software (DAT) and gaming companies!

2ergo suffers from a PR problem in the investor arena. No their fault, it due to the position they occupy in the mobile food chain.

If you are a long term investor in RGO, you shouldnt get clenchy from a bit of volatility, and if you are a trader, its what you want.

There you go!!

[ltinvestor] 14/3/2005 10:50

WJCCGHCC
I totally agree.This company is the best kept secret on AIM.Let's keep it that way.

[wjccghcc] 14/3/2005 10:46

Pomp, could you stop spamming every thread with this? It's been nice and quiet here for the last few months and the company is delivering on all fronts, so why encourage the huge volatility of the short-term traders to come here?

[pomp circumstance] 14/3/2005 09:41

GAMBLING!!!!

[the prophet] 14/3/2005 09:24

-seeing double!!!
-these are set up for a great run now.....