Riverfort Global Opportu... Share Discussion Threads

[stegrego] 01/9/2010 08:22

Yes sorry.

[wjccghcc] 01/9/2010 08:13

That's next year's forecast. This year's is a loss of 3.5p.

Still it's nice to see things on track so had a few as well.

[stegrego] 01/9/2010 08:05

Nice TU.

Looks like they ought to do around 7-8p so this looks very cheap again.

Glad i bought a few at 55p, although in hindsight was a risk.

Added more this morning.

[ltinvestor] 20/8/2010 10:49

>Matt123d.Large volume changed hands around 225000 on Wednesday.Not shown on ADVFN

[matt123d] 19/8/2010 20:37

The 89k trade has cleared a small amount of short term supply but feel there are lots of people waiting to exit this stock who haven't been able to over the past 6 months due to such poor liquidity.

I will be waiting to see some more sizable trades before being convinced of any bottom.

This is going to take at least another 6 months to settle from here I imagine.

[eagle eye] 19/8/2010 20:15

I have picked up a few today at 55p. Only a fundamentalist would be buying here, as from a chartists point of view you wouldn't touch it with a barge pole. The share price might still not have hit bottom, but I don't think we are far off it.

[philtiggis] 19/8/2010 16:14

Good to see a bit of buying on here today.

[stegrego] 17/8/2010 20:20

I think single digits might be wishful thinking......!

[matt123d] 17/8/2010 20:06

Looking very weak here, just no demand for the shares.

Have seen these signs all before on illiquid stocks, selling below the bid on tiny volumes and a consistent drift, usually means big problems under the surface.

These could potentially drop to single digits before any demand returns.

[glasshalfull] 17/8/2010 19:27

Just spoken with you over on RGS thread ;-)

Adventis......prepared a write-up on Motley Fool earlier this year. Spoke with FD but still no note.(I've long since jetisoned the shares...thread explains why).

Regards,
GHF

[stegrego] 17/8/2010 19:23

Ewwww didnt realise that Wray was in here... i expect hes hatching a plan to rip off shareholders as we speak.

He in APH as well, but thats too good a company, so i ignore that there.

Out of interest, what was the other company that didnt give you research GHF?

And is it Wray or the fact they wouldnt give you stuff that puts you off now?

Im hoping this falls to about 40p, at which point it will be a decent bet.

[glasshalfull] 17/8/2010 19:07

I've 2ergo still on my watchlist and thought it worthwhile to reiterate June posting.


Glasshalfull - 1 Jun'10 - 18:20 - 1155 of 1172 edit

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.


Price at the time of above posting was 86p which equates to a fall of 35% since 1st June. I believe that the same forecasts are still in place and so if RGO deliver on this forecast - in Nov 2011 - at current price this would translate to a PER of 7.....more in line with a 15 month wait for them to deliver and demonstrating good value given prospective growth.

2ergo hold the distiction of being one of only 2 companies that have refused to release broker research to me despite my financial background (not that I'm bitter :-)





Best luck to anyone that takes the leap.


Kind regards,
GHF

EDIT - Post edited

[2lb] 17/8/2010 12:30

MCAP now equal to the amount the founders have taken out in cash so far, fairly familiar AIM story.

Potential still there though but RGO really as to show the market and the investors something to believe in.

I remain a potential buyer, can easily see the share price drifting further downwards in the meantime.

[ltinvestor] 17/8/2010 12:27

Constant drip selling of small number of shares has driven the share price down.I suspect the opposite will be the case in 12 months time.This company is in the right space with some great technology and the board took a calculated decision to increase staff significantly to around 220 from 140 and go for significant growth yr end 2011.Of course time will tell and until we see signs of this growth materialising I suspect the price will drift further.

[matt123d] 17/8/2010 11:43

5% below the bid for £3k worth. Looks closer to 40p before i'd get tempted.

[stegrego] 17/8/2010 08:36

I reckon there is a very good buying point coming.... just not sure if its 60, 50 or 40p......

[stegrego] 16/8/2010 08:22

Getting close to tempting, although decline seems to want to continue at the moment....

Although having said that p/e is still 8 for 2 years out.

And if the strategy doesnt work then its worth about 20p.

[masurenguy] 11/8/2010 14:41

Still stagnating !

[buh1] 30/6/2010 09:14

Looking here again since I sold at the start of the year, only managed to shift three quarters of my holding, ended up just slotting the mms in 1000 share lots, bitter disappointment at Northern Gits' performance. Numis disinterested. Nowt has changed. Sad, such promise.

[ltinvestor] 17/6/2010 06:08

Large volume thro' yesterday. Could this be the bottom?

[ltinvestor] 16/6/2010 11:29

Featured in todays FT.

[masurenguy] 08/6/2010 13:01

I agree Steg. Been tracking this for a while but I'm still sitting on the sidelines since I'm not sure we've seen the bottom yet !

[stegrego] 08/6/2010 12:43

Certainly looks like the decision to go all out for growth is a brave one.

If it pays off then great, but if it doesnt come then this is worth a lot less than the current share price

Having said that, its got to be worth a serious look at around the 50p / 60p level.

[deanroberthunt] 08/6/2010 12:35

a chart that Franz Klammer would have been proud of.