Regtech Open Project Share Discussion Threads

[nobbygnome] 10/4/2024 19:27

Looking grim here; AZ’s empire is crumbling…..

[noirua] 10/4/2024 16:13

Only a UT trade at 2.4p for 100,000 shares at UT broke the deadlock this afternoon. The opportunity was there quite some time to get in under 2.5p and there were few takers. The market is tricky so anything could happen.

[kemche] 10/4/2024 10:07

I continue to average down.

GLA LTHers!

My B/E is now only 15.65p

[noirua] 10/4/2024 09:53

A useful punt this stock for the wary and one who understands the trading pattern. RTOP is not an AIM market share.

[noirua] 09/4/2024 23:41

An AT trading recovery today but at least trading in general is building up and it may still make sense for Alessandro Zamboni to buy back shares sold at over £1.00 each. [ Sell one's house for £600,000 or more and buy it back for £24,000 or less - just a thought ].

[kemche] 09/4/2024 11:44

All the sells are buys. Cheap as chips. PE<3!

I continue to average down.

[noirua] 09/4/2024 11:41

Starting to move up a little this morning and the recovery should continue.

[noirua] 08/4/2024 22:22

The share price hit a new low bid price of 2p. A strong bounce is due.
A difficult share to trade though it offers opportunities.

Will Alessandro Zamboni consider a buyback of the company at some point? He sold his last lot of shares at 101.5p so the opportunity knocks.

[nobbygnome] 29/3/2024 14:12

Comedy gold kemche!

[kemche] 29/3/2024 12:10

Boilerplate stuff of very little concern to strong shareholders:

"Despite the receipt of £0.7 million of funding from the shareholder loan in 2024, the Directors acknowledge the continued delays experienced in the receipt of expected funds from the shareholder loan and therefore have prudently identified uncertainty in the cashflow model. This uncertainty arises with respect to both the future timing and quantum of funding from the Shareholder Loan Agreement. In this regard, if these future funds are not secured the Directors envisage it is possible that the Company would have a shortfall in cash and require alternative funding during the forecast period. On this basis, the Directors believe there are material uncertainties which may cast significant doubt upon the entity's ability to continue as a going concern."

[jaknife] 29/3/2024 01:57

Noirua,

The numbers are terrible.

* At £370k the revenue is less than my local corner shop
* Cost of sales exceeds revenues and so the "product" is being sold at a loss
* other costs are incredibly high meaning that the bottom line total loss for the period is £8.4m!!!
* The balance sheet is hopeless, tangible net assets are negative by £8.5m!
* Cash burn is off the scale

The company obviously needs a massive fund raise but who on earth would put fresh equity into a company with such poor metrics?

JakNife

[noirua] 28/3/2024 23:16

RegTech Open Project PLC Interim Report
28/03/2024 5:42 pm
RNS Regulatory News


For new business, we are steadily building an increasing opportunity pipeline, with a good mix of recurring revenues, new customers, and sectors outside of our traditional finance market, indicating the buoyancy of the market, and the applicability of our solutions.

The 2024 sales pipeline for new bookings of software and related services from existing and new customers is currently £1.3 million, with £0.85 million in our traditional Banking, Financial Services and Insurance sectors, and £0.45 million in our newer Manufacturing and Technology sectors.

This pipeline includes several tenders with leading blue-chip organisations. The bookings outlook would indicate the ability to perform against the management plan this year.

[noirua] 27/3/2024 15:21

RTOP trading is still a battle between 'O' trades and 'AT' trades with the latter ruling the roost. Needs very careful assured investment timing.

[noirua] 26/3/2024 23:15

Some signs of recovery late today. A 50% fall isn't that bad the way RTOP trades.

[lawson27] 21/3/2024 14:41

Shocking entry trade by me on Monday, down 50% already after following the highest volume since October! :-(

[noirua] 21/3/2024 09:33

AT traders have moved in suddenly this morning commanding the share price. It could go anywhere short term.

[deltalo] 19/3/2024 15:25

4p to buy, bargain. Just topped up. This was £3 quid a share 6 month's ago,

[nobbygnome] 19/3/2024 08:50

LOLOLOLOL kemche you are a scream.

If you add two piles of sh*t together, you get one big pile of sh*t!

[noirua] 18/3/2024 23:11

A coded message from kemche is rare only one way to go.

[kemche] 18/3/2024 12:05

NT to buy. All gone.