Riverfort Global Opportu... Share Discussion Threads

[pomp circumstance] 24/5/2005 19:33

chrt half way thru formation on inverse head and shoulders!!

[haystack] 24/5/2005 18:42

Chart still lookig weak!

[pomp circumstance] 24/5/2005 13:21

unsubstantiated claims are made by people who crave attention!

[haystack] 24/5/2005 13:00

zho - not filtered

Filtering is used by people with weak minds who only want to see the world through rose tinted specs.

[zho] 24/5/2005 12:58

Haystack - 24 May'05 - 12:57 - 421 of 421 (Filtered)

Yawn

[haystack] 24/5/2005 12:57

I see no good reason for the price to rise and it looks slightly too high now.

[powwow] 24/5/2005 12:33

pomp, great company I believe will move much higher over the next 6 months.

[pomp circumstance] 24/5/2005 12:31

The Current half PBT is fact, the forecast for the second half is very very conservative for a co growing at the speed they are when no extra cost in required to increase sales.
The forecasts for next year are also very very conservative as is a P/E of 20 going forward!

[aleman] 24/5/2005 12:29

I think there are hopes of upgrades. From MOB thread:

triktrak - 24 May'05 - 11:12 - 1596 of 1599


On the research section of the tdwaterhouse website, I notice Brokerlink last week upped its 2005 eps forecast for MOB to 15.8p.

That's a 50% increase on the 10.2p eps figure that was forecast in its report of September last year.

With all brokers increasing their forecasts recently, it makes you wonder - come December - what the final eps figure will be.

[haystack] 24/5/2005 12:20

Numis are RGO's owne house broker. What do you think they will say. House brokers are nearly always bullish and that is why people generally ignore a lot of what they say. When did a house broker issue a sell note even on a company about to go under? (Not that RGO is).

Even with the figures quoted by Numis the share price does not deserve to rise. Even those figures, if they are correct, would not justify a rise in the share price.

[pomp circumstance] 24/5/2005 11:37

last 6 months PBT .7mil

Numis Ratget price is 188p based on

forecast full year to Aug 2005 at 1.5mil = PE 30.8
forecast full year to Aug 2006 at 2.3mil = PE 21.2


This is a very conservative forecast given the money is rolling in in the UK without any increased costs in the UK for the time being.

Costs will be incurred in the USA, but its a massive market only just openeing up!

[aleman] 24/5/2005 11:36

Haystack - I don't think you realise how quickly and how profitably this sector is growing. This is from Itouch's RNS just before they were taken over.

The remote gaming market has been growing at a rate of 35% over the past 4 years
and was estimated to be worth over $7 billion in 2004, the vast majority of
which was internet-based. The mobile section of the gaming market only accounted
for $5 million in 2004. However, industry analysts such as CCA, Juniper Research
and Screen Digest estimate this will grow to $100 million in 2005 and to $1
billion by 2006.

Unlike most net stocks of the past, most mobile content players are already cash generative and profitable. RGO are fastest growing of the listed players at the moment and so have the highest rating. The growth in their target markets is increasing rapidly, driven by the freeing up of mobile epayments restrictions a couple of months ago which is allowing non-phone related content, especially gambling and porn, to be purchased with the credit on your phone, whether pay-as-you-go or on account. The businesses operating in this sector have had years to prepare for the lifting of these restrictions so the growth will be phenomenal. The availability of 2.5G and 3G phones and devices will be the limiting factor, but this is now greatly improved. There may be competitive issues since these markets are further developed in the Far East, so leading players there will acquire market share here as Forside did with Itouch. The U.S. is a couple of years behind Europe so the market is chasing shares with exposure there, but the growth is considerable everywhere. The best is yet to come. This share should not be valued on asset backing. I do not hold RGO. I do hold SEA, WNN and MOB. RGO is on my monitor.

[haystack] 24/5/2005 11:24

The market does value the future, but I am allowing for that and even a doubling of their operating profit. On that basis I think they are over-valued now and even in a year's time.

[pomp circumstance] 24/5/2005 11:19

Haystack you have to learn the market value the future, not the present or the past.

This is a company growing very very quickly, and with its US operation its in a market thats about to explode.

[haystack] 24/5/2005 11:13

There is nothing wrong with the company at all. It has good products, has a healthy turnover.

However, it has only net assets of £4.3m but has a market cap of £37.5m. certainly the operating profit does not warrant such a high valuation. It is a growth stock, but recently due to a very silly much higher share price it had a market cap of around £60m. That is just absurd for this company.

There may be some slight argument for the share price being around this level or slightly lower, but any rise would be ridiculous and short lived.

[haystack] 24/5/2005 10:58

I see that this has a temporary rise. How long can thus be for? It still looks like an over-ramped and over hyped stock that was getting back down to a better valuation.

[fernandesb] 20/5/2005 19:15

again tipped by growth company investor this week

[pomp circumstance] 18/5/2005 18:19

Haystack doesnt even know what the company does and where it has a fantastic role in the money making part of mobile telephony.

Try reading Numis reaction to the companies results here

and rem this is reaction to results, not taking into account what theyve done since that hasnt been reported yet.

People arent going to be using their phones less in the future, and the yanks have only just discovered texting ands premium downloads!!

[pomp circumstance] 18/5/2005 18:15

5 years of triple digit growth, expanding into a massive untapped market with first mover advantage!!

Your having a laugh! This is very undervalued!