Riverfort Global Opportu... Share Discussion Threads

[ltinvestor] 23/3/2010 11:04

Interesting that nobody commented much on the Transport for London contract.2Ergo were shortlisted with BT and Oracle for this contract which alone shows that they are now competing and winning contracts against major companies.This is a very significant win and covers the period of the Olympics where usage will be in great demand.I am at a loss to explain why the company didn't divulge more information regarding this contract because it is very significant.They obviously have their own reasons and agenda.

[outsider] 15/3/2010 13:43

first tick up for a long time?

[outsider] 15/3/2010 13:43

first tick up for a long time?

[essentialinvestor] 13/3/2010 10:14

I looked at RGO in detail a few months back and decided not to invest.

It just seemed to be such a difficult Market to make a decent return from,
and I was concerned with Margin compression.

Its the Mobile operators that appear to hold all the cards here,
IMV.

[outsider] 13/3/2010 09:42

historic lows yet so much progress

[outsider] 12/3/2010 09:01

changed now you can sell a few, so had to buy my first tranche.

[outsider] 11/3/2010 10:03

pretty much no offers for bid online, couldn't sell even 10 shares on selftrade yet can buy 25000 at 104.2 0.2p above bid!


Looks pretty much odds on to fal below 100p.

[wjccghcc] 09/3/2010 19:31

Hi GHF. Still got a couple of k to keep an eye on them. Not much to add - mgmt are pretty straight talking so it it looks like a weak H1 with stronger H2 making up the difference. Delays in recruitment aren't surprising given that management are obviously trying to put together a particular type of team.

I used to hold equal amounts of VEL and RGO but sold my VEL at 180p - didn't like their cash generation and their funding methods were a bit obscure. Great decision :(

BTW nice KBT results. Added a few.

[glasshalfull] 06/3/2010 16:06

WJ - I'd be interested in your views relating to the trading statement if you're still around these parts.

Regards,
GHF

[thehotstepper] 04/3/2010 20:37

are they trying to shake some sellers out?

[stegrego] 04/3/2010 20:27

Id imagine they have gone through on PLUS

[philtiggis] 04/3/2010 18:59

Why has the share priced dropped so much? its not trades!

[thehotstepper] 27/2/2010 20:07

still well placed overall but a critical 18 months IMO
disappointing update, we need some exciting news and fast, look how velti has rocketed off driving the news and being a leader

[glasshalfull] 26/2/2010 12:20

Thanks HotStepper.

Also "lukewarm" Trading Statement out earlier today.



* Opportunities doubled...no surprise, as most of us have speculated on the thread.
* 4 year contract with transport of London....nice.
* 1st half performance held back in certain areas...didn't expect this negative. Realised it would take time to ramp up capacity through recruitment/training but we also have protracted lead times thrown into the mix.
* Full year expectations will be met....okay, I realised significant build up but I now only happpen to think they will be met ie £600k loss given the likliehood of "weak" 1st half.

Long term it still looks like RGO is a well placed bet on the continued growth of mobile marketing.
Short term I really don't expect much until Novembers preliminary results and confirmation that they are on track for the significant profits in 2011.

I took a few off the table (approx 20%) as better opportunities IMHO in the interim.

EDIT - On reflection I sold 50% of my holding. Remainder in the bottom drawer.


Regards,
GHF

[thehotstepper] 24/2/2010 20:59

seen any news recently?

[glasshalfull] 18/2/2010 17:49

Should mention that RGO's AGM is next Friday - 26th Feb.
They provided a trading update during last years.

Regards,
GHF

[glasshalfull] 18/2/2010 17:36

HotStepper - They've never been one to release much via RNS.
The odd trading statement and result announcements. Of course add acquisition announcements to that.
I've no issue with this and presume that the contract size & diversified client base simply don't justify release other than through trade press and their web site.

You're probably aware that they did not win the GSMA - Advertising / Marketing award on the 16th.

They are however up for a further award, Marketing services Company of the Year





" The nominations for this year's Drum Marketing Awards have been revealed with five agencies nominated for Marketing Services Company of the Year.

Nominated for Marketing Services Company of the Year are 2ergo, IAS b2b Marketing, Omobono, Refinery and Tangerine."

The fact that they are shortlisted for a variety of industry awards suggests they are performing strongly, indicates positive client testimony to me.


I'm adding as and when I can.

Regards,
GHF

[thehotstepper] 16/2/2010 21:20

what do you think will get the price moving north?

[ltinvestor] 16/2/2010 08:31

Thanks ghf.I think the coming months will provide us with interesting dialogue.

[glasshalfull] 15/2/2010 18:41

Further confirmation that 2ergo are much in demand.
Now involved in iPad projects. Good article.



"2ergo is already working on firm iPad app projects for four clients. But there don't seem to be a significant technical upgrades from the iPhone version."





Regards,
GHF



EDIT - Link / tweet not working. Post altered to reflect link to Guardian Newspaper article

[glasshalfull] 12/2/2010 16:54

2ergo Selected as Finalist for Two Major Industry Awards

10 February 2010



Can only cement their reputation as a pre-eminent company in the industry.

Regards,
GHF

[glasshalfull] 12/2/2010 16:51

Thanks Itinvestor.
I tend to agree and have added. I thought it may have dropped back but shares are tightly held. Indeed bought some more today prior to the close and will continue to drip feed funds periodically into this.

I've made some decent gains on BGO & VEL which I flagged earlier in this thread. I've subsequently top sliced considerably in both of them.
RGO is the best run of the three in terms of organic growth, improving margins & cash generation. I also happen to believe they are implementing the correct strategy for the long term. Can't see them remining independent for too long.

I wouldn't be surprised if RGO's AGM statement in a fortnight is rather bullish.

Given that VEL has doubled in the last few months I now believe that risk/reward for RGO is to the upside in the short term rather than my initial thoughts on release of results, hence drip feeding a bit earlier than I anticipated.
Numis had forecast a small loss (£600k) for the coming year given massive £7m investment programme but I think that they will beat these forecasts and remain profitable. 2011 forecasts will see them in single digit PER territory at current shareprice.

I continue to review their newsfeed regularly and the good news keeps on coming.

Best wishes,
GHF

[ltinvestor] 04/2/2010 10:17

Sorry,investment plan working.