Riverfort Global Opportu... Share Discussion Threads

[ltinvestor] 23/12/2010 09:58

>outsider.Interesting to note that Groupon have stated that the future lies in mobile coupons but that they don't appear to have the technology to deliver and have just announced a relationship with JiWire who have wifi network capability.

[panagos] 23/12/2010 06:00

rgo own 50% of an SPV who owns cicra 50% of the psc, ie. around a net 25% of the psc

[outsider] 23/12/2010 02:15

2003 4.5m 453k 2.12p
2004 11.1m 645k 2.22p
2005 23.1m 1.6m 3.37p
2006 29.5m 2.9m 8.82p
2007 33.3m 4.2m 8.64p
2008 32.5m 3.4m 8.54p
2009 22.6m 3.8m 9.87p
2010 21.4m (0.5m) (1.55p)



When I check the graph & check what RGO have done, I think the figures disguise a very promising share here, the turnover fall is explained by the group focussing on high margin direct sales rather than wholesale....and RGO bitting the bullet when mobile marketing looked like tipping point and investing heavily, it seems to me we are at the very start of those rewards about to be reaped.....yes it hasn't done a velti in shareprice terms, but I honestly think it could......anyone with more sober views to dampen my excitement?

[roily] 23/12/2010 02:03

I looked at SNM about 6 months ago and it was something I considered getting into earlier but funds were in SEY, VST and WZR(I hope my Christmas has better results than this), I was concerned about the SNM shares OS so I watched from the sidelines and never freed up the funds to get in. Funds will be available soon so I am looking hard at increasing my position in RGO if it makes sense.

I will be heading away to see family and friends for the holidays and while I am away I will try to get my head around RGO. I continue to struggle with who owns what pct. as each time I dig into one of the other parties to the PSC I see new numbers. The following is from Dogan's web site and it appears to say they have an 80 pct working interest which doesn't match up with the other participants to the Khalakan PSC.

"Doğan Enerji Yatırımları Sanayi ve Ticaret A.Ş. (Doğan Enerji), a fully owned subsidiary of Doğan Şirketler Grubu Holding A.Ş. (Doğan Holding) concluded the partnership agreements to participate in oil and gas exploration and development activities in Iraqi Kurdistan to be carried out through joint international project companies in the Region. The activities will include a 40pct working interest in the DNO operated Erbil production sharing contract and an 80pct working interest in the newly formed Khalakan production sharing contract comprising previously known Blocks of K28 and K29."

Does anyone have any thoughts on the complex ownership structure of the Khalakan PSC?

[outsider] 23/12/2010 01:58

Interesting comparing with AIM index & Velti, who most regard as peer stock.

[outsider] 23/12/2010 00:27

Google won't give up on Coupon Sites.


Google appears to be on the hunt for another coupon site following its stunning spurning by Groupon.


There are other fish than Groupon in the online local coupon sea, Google has reportedly decided. It's just that they're a lot smaller.

The New York Post, citing an anonymous source, reports that the search giant, stung by Chicago-based Groupon's stunning rejection of its $5 billion to $6 billion offer, is fishing for another local advertising player to buy.

Just as in the Groupon offer, such a play makes sense for Google. The company is the king of all online advertising. But the local market could be as large as $100 billion, and if Google doesn't tap into it either on its own or through an acquisition, it would be letting a huge opportunity pass by.

Groupon, the largest player in the space, claims revenue approaching $1 billion and has been called the fastest-growing Internet company in history.

The sites Google could consider buying are a bit of a comedown from that.

But then again, Google may not have to pony up as much cash as it was offering Groupon. LivingSocial of Washington, D.C., the second-biggest player, just got a $175 million cash infusion from Amazon.com and is valued at $1 billion. BuyWithMe, a New York coupon site, only has about $20 million in revenue, but the Post reports it might be on Google's holiday wishlist.

[outsider] 23/12/2010 00:01

well demand there certainly is. I think if the company get the message out (now they have issued the options!) then we might be on a very nice run here. Encouraged too that not much interest in this ADVFN thread, you can see it's not that well known or been forgotten about by ex-investors.


The flag counter suggests interest is perking up though. (Click on it for info)

[ltinvestor] 22/12/2010 13:21

>Outsider.Looks likely that there was a stock overhang which might have been cleared and with news we should see the share price rise on demand.I still have difficulty comparing mkt cap with that of Velti and so as company prospects improve so the shares should receive a rerating.

[outsider] 22/12/2010 09:24

Maybe some buys will be reported late....as we just move up again...although not checked PLUS trades, if it's listed on PLUS.

[outsider] 22/12/2010 01:53

I think there's a bit more than just price earnings ratio involved here, personally I'm excited by the mobile couponing highlighted by itinvestor.

Thanks to Itinvestor for the info......If I may repeat his words via 3 posts earlier in the thread:

Mobile couponing is poised to be huge as seen by the Google bid for Groupon at a valuation of $6bn for the 18 month old company. RGO have patents in this arena and are already working with major companies such as Proctor and Gamble.The link with the EPOS system means that customers will be able to conduct a transaction and utilise their mobile coupon at the retailers till. No wonder the directors view the future with more confidence than ever before.

>Outsider.Worth researching the coupon arena in general and you will come to the same conclusion as me that mobile couponing is going to be huge.Walk past your local Macdonalds and a coupon flashes on your phone having located you through gps "50p off big mac/ fries.Your phone interacts with Macdonalds till epos system and you receive the discount!!Easy.Now what do their worldwide patents cover is a question I will be asking them today.


>Outsider.I hope you realise that I have to be careful regarding what I can and cannot say although the cannot say would be much more interesting.I specifically questioned the company on its mobile couponing technology and they do have patents on Electronic Voucher Redemption including security of such transactions.This is very important as the retailer must ensure that if they agree to a marketing campaign for example of 1m mobile coupons of £1 each that they are only giving away £1m and that the coupon cannot be reused.Makes sense but easier said than done and rgo using the patented Broca technology CAN guarantee this.
One half of the world's mobile subscribers will be making mobile payments by 2014 with 500million people in India alone(source Juniper research) and that the mobile coupon market will be worth $6.5 bn by 2014(source Burrell Associates) so you can see the potential here for significant growth.
Rgo,as stated in the results, has secured agreements with two of the biggest Indian mobile operators for its mobile couponing platform so that sounds like a pretty good start to me!!

[wjccghcc] 21/12/2010 10:53

Agreed. Looks like Numis's revised forecast EPS is 5.8p. Puts them on a PE of 12 which will look pretty cheap in 6 months time if the GP growth of 34% is sustained. Like GHF, I reckon the rerating will start coming through this year.

Doubled my money on these back in 07 selling most at around 240p. Expect to do at least the same again over the next 2-3 years.

[glasshalfull] 21/12/2010 10:20

I've also bought back in over the last few days.
Believe that Numis may have reduced expectations for the present year but despite a few concerns I reckon RGO will be significantly higher at the end of 2011.

Hopefully the progress in profitability will be self evident come the time of the AGM statement in Jan/Feb 2011.

Regards
GHF

[outsider] 21/12/2010 09:27

added a few more:


"The Board is more confident than ever that the preparation work, aligned to the innovations in product enhancement and proposition development, will deliver unprecedented success in the coming years."

[ltinvestor] 21/12/2010 07:41

Loose stock being mopped up is no surprise as 2011 is the year the company makes significant profits according to their broker Numis.We have a very long way to go for rgo's mkt cap to reach that of Velti.

[outsider] 21/12/2010 00:13

Interesting that Aviva and Nigel Wray both increased their holdings with announcements late yesterday.

[ltinvestor] 15/12/2010 08:54

wjccghcc. The company stated yesterday that they have major blue chip client wins in EVERY area of operation so one must presume The Americas as well and I would therefore expect a ramping up of turnover in this region.I am not suggesting that anybody rushes in and buys the stock but they are pretty confident of hitting the brokers forecast 3.5 months into their new financial year which would put them on a very low pe ratio compared to others in the sector.
These are the people who when still a private company sold T Mobile their url for 100,000 euros so they are quite astute and have spent the last ten years putting the building blocks in place not to have stakes in a company worth only £20m...............

[outsider] 15/12/2010 00:01

itinvester, yes understand the situation, thanks for taking time to respond and enlighten me a little more in that area that RGO are involved. It's sounds exciting with great potential.

[wjccghcc] 14/12/2010 22:32

Agree with your comments GHF. The results were better than I expected and the Q1 gross profit rise gives them a good chance of hitting the brokers forecast at this stage.

Looking at H1 to H2, EMEA EBITDA rose from 579k to 1752k which indicates the potential.

My main disappointment was with the Americas where revenue is down 15% yoy with a deterioration in EBITDA from H1 to H2. Hopefully they sorted out Europe first and are now focussing on the Americas but any information from Itinvestor would be helpful.

I've been adding over the past few weeks and some more today - there does seem to be some stock around which perhaps means our seller hasn't finished yet.

[ltinvestor] 14/12/2010 18:24

>ghf.They are confident of hitting £5.1m ebitda 2011.They have sufficient cash for the present plan and figures are well up on first quarter 2009 so generating more cash.They have kept a fairly low profile but assured me that from January 2011 they will raise that profile as they are now satisfied that their technology is in place to deliver as a result of 12 months of major investment.Vouchernet, the mobile couponing part of the business, is in my opinion the jewel in the crown.I am not saying you should invest at this moment but the situation should become much clearer as they sart to raise their profile.Time will tell.

[glasshalfull] 14/12/2010 17:28

Thanks itinvestor.
I'd be interested in any update from yourself as to broker forecasts in relation to 2011 and 2012 if possible? Also, I feel that they have sufficient cash and he the HB note something of a red herring in regards the mention of future cash raise. Were the company able to clarify the cash position further? Looks healthy to me given that they have concluded investment phase.

WJ - Also interested in your views if you are in a position. Considering an investment a these levels despite earlier misgivings.

Regards
GHF

[ltinvestor] 14/12/2010 16:02

>Outsider.I hope you realise that I have to be careful regarding what I can and cannot say although the cannot say would be much more interesting.I specifically questioned the company on its mobile couponing technology and they do have patents on Electronic Voucher Redemption including security of such transactions.This is very important as the retailer must ensure that if they agree to a marketing campaign for example of 1m mobile coupons of £1 each that they are only giving away £1m and that the coupon cannot be reused.Makes sense but easier said than done and rgo using the patented Broca technology CAN guarantee this.
One half of the world's mobile subscribers will be making mobile payments by 2014 with 500million people in India alone(source Juniper research) and that the mobile coupon market will be worth $6.5 bn by 2014(source Burrell Associates) so you can see the potential here for significant growth.
Rgo,as stated in the results, has secured agreements with two of the biggest Indian mobile operators for its mobile couponing platform so that sounds like a pretty good start to me!!