Riverfort Global Opportu... Share Discussion Threads

[matt123d] 08/6/2010 12:14

A couple of sellers on plus knocking it now.

Maybe 50p looks a possibility.

[matt123d] 08/6/2010 11:29

Very hard to say, absolutely no sign of demand for these at present and there is obviously a very large seller trying to offload with no interest even at these levels.

[masurenguy] 08/6/2010 10:24

The share price has halved from where it was AFTER the crash in October 2008 and is more than 75% down from its peak in February 2007. It has been in decline for 3 years now. The question is - where is the bottom !

[matt123d] 08/6/2010 10:14

Dragging it lower in search of demand, stock being offered at mid in considerable size now but still no takers.

[ltinvestor] 03/6/2010 08:05

Agreed.Rgo is a quality company and as far as investment goes it is all about timing.I am biding my time ,although I do have a significant holding, before adding as I believe the share price could fall to the 50p level over the next few months before recovering significantly.

[glasshalfull] 01/6/2010 18:20

Today's share sale highlighted the problem facing (potential) investors in RGO.
Anyone wishing to invest is locked in due to the illiquidity. Therefore only those investors that are seriously contemplating a long term investment would consider RGO.

Secondly, I see that Numis have downgraded forecasts for this year and next.

Now £1.5 million LOSS forecast for current year (down from £600k loss) with £3.4million PROFIT forecast for 2011 (down from £5.5 million PTP).

So loss per share of 3.5p this year and EPS 7.9p for 2011.

Next years forecasts provide RGO with PER 10.8 on next years forecasts, even after today's drop.
Seems rich for me for a company that is 12-18 months away from confirming meaningful profitability & that the execution of its strategy has been successful.

I still maintain that RGO is a quality company but finding it increasingly difficult to reconcile an investment case for the company in the short term. Especially given that the next meaningful announcement may be 5/6 months away and final results at end of November.

Regards,
GHF

[matt123d] 01/6/2010 10:36

A 10k share sale going through at nearly 10% below the bid, doesn't appear to be any demand about for these at the moment.

[manchesterbill] 31/5/2010 16:20

Velti's share price goes from strength to strength whilst 2ergo's is stuck in a downhill rut. Both companies seem to operate in a similar marketplace. Any thoughts on the reasons behind the huge disparity in share ratings. Velti's plans for a Nasdaq listing is clearly helping raise its investor profile. Would appreciate some guidance on whether 2ergo is an overlooked high-tech jewel or another Monstermob (RIP 2006)

[glasshalfull] 28/5/2010 01:29

Hi mas,

Not currently invested.
I think a few of my final sales precipitated the fall in late February /early March....there were a few others offloading. Basically the 2nd half bias implications of the AGM statement increased the risk / reward. From memory a £600k loss had been penciled in for the full year and I felt that a weak 1st half meant that there was further risk of downside & therefore from investment basis dead money at best (if we discount a bid) and a risk of weakness in the share price.

It's currently 25% below my sale price for the last few tranches and I have to say that despite a number of positives in the interims I'm not inclined to jump back on board - at this time. The outlook statement in particular is filled with blurb rather than tangible information....I want to know further info on trading for the 3 months following the interims rather than stats on the world market.

RGO is a quality company and I believe they will be successful in their strategy. My difficulty is that there are far better short and medium term opportunities in the market that I don't want my capital tied up in this illiquid stock at the moment. I do though think there will be an opportunity to come back in at a reasonable price (excluding a bid - which is a real possibility).

Regards,
GHF

[matt123d] 27/5/2010 09:45

Needs some buyers in here as this is still well offered and impossible to sell at present.

[ltinvestor] 27/5/2010 08:06

Significant statement "Outlook has never been stronger"Bear in mind that they are very very conservative in their statements so such a quote shouldn't be taken lightly.Compare the mkt cap with Velti and over the next 6-12 months rgo's mkt cap should imho move northwards.

[masurenguy] 27/5/2010 08:05

Quiet thread - H1 results out today



GHF - are you still invested here ?

[smelleroo] 13/4/2010 13:03

what about this

[hugehole] 13/4/2010 12:37

£70m budget from Transport department
mobile must be worth a few million of this at least but why no big annoucement from 2ergo. this is starting to smell funny

[thehotstepper] 13/4/2010 11:59

i say this because it should be due to the good state of the business today internationally with top clients

[essentialinvestor] 13/4/2010 10:46

It needs to be a big premium?, based on what exactly.
Perhaps you would like to post the exact rules that you think
state this needs to be the case.

[thehotstepper] 13/4/2010 10:27

think the founders still own about 40% between them still so i am sure they will not hurt the shareholder base.

itinvestor seems to have a point about the lack of contract news

[smelleroo] 12/4/2010 22:23

really but mgmt own a fair chunk of 2erg too

smell

[stegrego] 12/4/2010 22:22

Well, a little warning on the delisting then.

Nigel Wray owns 10% here and he did a total stuffing job on LIN shareholders recently.

No premium whatsoever on the takeover and it was trading at about 4x earnings!

[smelleroo] 12/4/2010 22:18

that thought has crossed my minds several times... did note that article was dated 1 april - hope it was no april fools!

smell

[hugehole] 12/4/2010 22:12

good story smell. i was just reading some RGO recent news also and saw this story about a potential delisting, any thoughts on what this will mean?
spectrum was at a decent premium so we could see the share price move up soon.



In the departure lounge

In the wake of the Promethean and EMIS flotations it would be easy to miss a contrary trend at the other end of the technology market.

Spectrum Interactive, the internet kiosk company that floated on Aim in 2005, has decided to go private with the backing of Lord Young's private equity vehicle.

It is the second delisting in as many months after Satcom's exit in March. The smart money says that 2ergo, the telecoms software company, may be the next in the departure lounge. It has not held an analysts meeting for two years and many wonder what it gains from continuing as a public company.

[thehotstepper] 01/4/2010 21:03

i was also worried about the board losses but having spoke to people in the mobile industry over recent weeks it seems that the MD was having no impact (in fact negative impact) and the founders needed to make changes. Not sure he walked away, think he was pushed DYOR. See his new business here, no risk to RGO holders if thats the best he can do! www.starfish-consultants.com

new MDs bring stability IMO

[2lb] 01/4/2010 14:04

Interesting that the group MD left in January after 3 years and walked away from a big pile of options to set up on his own in the mobile space.....perhaps he knows something we don't.......

Their sales director left in the same month as well.

[outsider] 26/3/2010 09:27

a few weeks old but

Opportunity knocks for 2ergo



Mobile phone technology firm 2ergo Group, which is based at Salford Quays, today said it had won a four-year contract with Transport for London as its order book and pipeline continues to grow significantly.

In a statement to shareholders at the AIM-listed firm's annual meeting, 2ergo said it was confident of meeting market expectations for the full year.

It is investing millions in recruitment and training – the company said in November it plans to add around 90 staff to its global workforce by the summer – as it looks to capitalise on an anticipated growth in demand.

However, it added that its performance in the first half in some areas had been held back due to the pressures of its recruitment and training programme.

The group said an increasing number of blue-chip companies were now realising the importance of developing a mobile technology strategy and the group's pipeline of opportunities had more than doubled.

2ergo's technology enables companies to run text and voice message competitions, supply news alerts and games as well as marketing and advertising campaigns via mobile phones.

Clients include Gillette, Pampers and Rightmove.