Riverfort Global Opportu... Share Discussion Threads

[pomp circumstance] 04/4/2005 14:53

Just to remind how illiquid this stock is!

Majors hold 26.9%
Directors hold 56.1%

Leave 17% of 29mil floating = 4.93mil shares or 6.7mil quids worth!!!

Ive seen predictions for 2006 of 275p and 2007 of 400 to 500p

Thats a mrkt cap of 80 mil and around 130mil


Interims around mid may will give us the directon!!

[pomp circumstance] 04/4/2005 12:59

what product and what should it be?

[2lb] 04/4/2005 12:56

As predicted - oh, sorry, should that be as guessed ?

Mobile gaming is a good point- that will be a huge industry and if you can get in there early and make a good job of it then you can really catch a wave.

I'm not convinced as yet by the approach they company is making into the US, it's a great market to go for, but at present they are going in with the wrong product to my mind.

I'm sure we'll see lots of activity post AGM - both up and down.

[pomp circumstance] 04/4/2005 12:27

OUCH!!

Oh Well, this level will look silly in 18 months!!

The market 2ergo are in is about to explode and particularly in the US, they are in early.

Once mobile gaming comes on line (thanks FSA) revenues will boom.

This is no software co delivering services to people wh dont have the hardware to use it. Most people now have the technology in their pocket and they are dieing to use it.

[pomp circumstance] 04/4/2005 11:45

will probably be a quiet week upto Thursday then!!! They should report back from the US as well!!

[tole] 03/4/2005 14:13

Just a reminder -

Thursday 7 April
AGM: 2 Ergo Group

[ltinvestor] 30/3/2005 17:04

thanks Pomp. I look forward to more answers!

[pomp circumstance] 30/3/2005 13:59

Ad a few more at 140!!

[pomp circumstance] 30/3/2005 12:30

I ask the right questions!!

nothing underhand of course!!

[ltinvestor] 30/3/2005 12:29

>2LB
You refer to a US update and" cleverly worded headlines". What headlines are you refering too?
> Pomp
I note that your previous comments on the BB have been extremely accurate.Do you have a contact close to the company?

[2lb] 30/3/2005 11:02

It's pretty much as predicted - the price needed to return to a sensible and more justifiable level as previously outlined before making the longer term steady rise that needs to be backed up by the financials.

I think the US update may disappoint a few people, especailly when you look behind the initial cleverly worded headlines.

What the market would like to see is some quality acquistions, at present the use of proceeds of funds has been limited. I am aware that 4 or 5 compaines have been targetted and or approached but as yet nothing has come out of the discussions - there is a need for a certain level of diversification in terms of product and market reliance.

All in all though, the company is in good shape and I would echo the sentiment that the next few weeks may be a good time to pick up a increased holding.

[pomp circumstance] 30/3/2005 09:57

Profit taking , end of year cleaning up and general markety malais, tiem to pick some more up soon!!!

Nothing wrong with the business and next weeks US update wil be very good!

[topgunns] 30/3/2005 09:47

Wow, almost back to where it started. Still watching.

[pomp circumstance] 25/3/2005 08:13

given the name is probably a pun on ARMCHAIR, that probably says iy all!!!

[andy hals] 25/3/2005 08:06

I asked my mate at Grant Thornton about the blokes at ARMshare, apparently its a couple of accountants, one of whom was a compliance officer (a breed well known for their entrepreneurial skills) and the other an investigations accountant.

What better people could you pick to sift through the AIM sector for future innovators?

Not.

His view, not mine.

[rafieh] 24/3/2005 08:24

Profit taking seems to be stopped. Bounce underway.

[ltinvestor] 23/3/2005 17:23

I have known the directors for several years and they are completely focused on producing a VERY profitable business without fluff and hype.The AGM is on April 7th and I would expect further confirmation then as to how well the business is progressing.

[pomp circumstance] 23/3/2005 15:14

Well at least we agree on that. I believe this stock will hit 5 quid sometime in the next 2 years.

When they get back from the the states I expect to be hearing some good news and also to hear the money counter at head office has ticked up considerably!!

[2lb] 23/3/2005 15:11

Not at all - just well positioned.

I still think it is a sound long term investment.

[pomp circumstance] 23/3/2005 14:31

and why would that be then? Are you insider trading?

[2lb] 23/3/2005 14:28

If you are incapable of holding an educated conversation then things are best left there - if you wish to converse without the use of the Caps Lock and some rather crude assertions then that is another matter.

This is not the basis of my research - this is , as I said, merely a very goos assessment.

The armshare URL is



With the four separate sections at the top of the page.

Yes of course the Internet is here to stay - so are cars, but that doesn't mean you have to drive them into a wall on occassion.

My research is more in-date than you could ever hope to have access to.

[pomp circumstance] 23/3/2005 14:12

TWO POUNDS for thats all you are obviously is someone with a greivance.
Best ignored!

Im affard we've been thru this once before and the internet is here to stay.

there are massive opportunities for 2ergo in the states, the maret is there, they have the product.

[pomp circumstance] 23/3/2005 14:06

Yes, because the figures are out of date!!

so your GUESS is based on one piece of out of date reseach buy ... who?

please provide the URL?

[2lb] 23/3/2005 13:56

Very eloquent.

I can only suggest that we see what happens and refer back - fair enough?

Personally I like to adhere to T&C's.

To look at a more generalistic discussion point - I would worry about anything that has a future growth reliance on an "internet currency" - the zobmob app in the states is an unwelcome distraction and I will not give a return on investmnet.

I think a good assessment is the latest update from Armshare:


2 ergo Group PLC
Report updated: 15th March 2005
How many companies in the United Kingdom on AIM alone are dedicated to the provision of business-to-business systems to facilitate modern-day communications? Quite a few. How many make money? Not a lot. How many investors mulling over the prospectus of state-of-the-art technology companies – and then investing – have rued the day? Multitudes, is the answer to that one. How many clever chaps have, within four years of starting a business in this area have not only raised £3 million for its development, but coolly walked off with £4 million for themselves as well? The answer to the last question cannot be subject to all-encompassing response perhaps – but certainly their number would include Barry Sharples and Neale Graham; and that coup was carried out in March 2004 when 2 ergo Group joined the alternative market.

The golden key to this transaction was the company's Multiserve Platform. In layman's language, this technology, when installed, enables the thick bundle of modern communication devices and protocols – voice, mobile internet, web and messaging services – requesting information or content from a given organisation, to be recognised and responded to in such a way as to optimise the efficiency of the operations whilst enabling clients access to hitherto undreamt-of information in terms of intricacy and volume.

By August 2003, annual sales of £4.5 million, a three-fold expansion on those of the previous year, had taken the company heftily into the black, allowing maiden earnings per share of 2.3p.

The company's modus operandi is firmly aimed at quality of income as well as quantum, for in addition to the usual installation monies (with training revenue up front and service income afterwards) 2 ergo can and does deal itself in for ongoing transaction fees. This cuts client a capital costs, denotes 2 ergo's confidence and binds supplier and customer closer together.

Clients won include such names as Vodaphone and Orange.

The board was confident that the six-month period ending in February 2004 would deliver more than £200,000 before tax. All right, nothing is perfect and given that 2003 recorded £600,000 at the net level, the forecast lacks a bit of sparkle, especially as sales are still reported to be thrusting ahead. But the figure does absorb a build-up in the infrastructure, notably planting a flag in the United States – and takes into account too, increased depreciation and amortisation charges.

Any real blemishes? Making a success of a product of this nature in the United States is going to be a lot harder than floating successfully on AIM ever was, and although the cleverness and the customisation ability which lies at the heart of 2 ergo's proprietary technology provides a barrier against the onslaught of competitive development, the latter, those seeking to consign the Multiserve Platform into history, will pose a serious and permanent threat.

The maiden figures to August showed sales more than double those of the previous year - £11.2 million - but pre-tax profit pretty much where it was, if you strip out an exceptional gain. However a positive March trading statement saw the shares skipping smartly upwards; and received another boost when a statement the same month foreshadowed the relaxation of rules prohibiting the use of mobile 'phones for paying for a wider range of goods and services than at present.

Research Standing

With a frightening P/E multiple and the latest figures, can the company go the distance?