Riverfort Global Opportu... Share Discussion Threads

[aishah] 20/5/2011 11:54

Enjoy England and 2ergo go mobile

[zipstuck] 12/5/2011 06:53

Recent placing and 86% recurrig business should underwrite the share price. margins at 54% with Microsoft alliance should see revenues improve subsatntailly over the next year while improving recurring and feed ito eps.

At least a strong hold imo - could take off in a few moths as momentum gathers which is why placing was so easy and not discounted.

[21richyrich] 11/5/2011 08:16

Looking forward to revised broker forecasts based on these good results

[wjccghcc] 10/5/2011 19:25

I think what they've been doing for the last 2 years is reinventing themselves and these results are the first signs of delivering on that. If they can tap into the Velti space then they will multibag. They have the client list to do it but as ever time will tell.

Personally I'm more comfortable with RGO as a long term investment than GBO. For me GBO lives or dies by the success of CitronGO which, while a useful product, doesn't seem much different from Microsoft Exchange or Mobileme to my inexperienced eye.

Mobile marketing/couponing etc is where the future lies and that's the space RGO are in.

[woodcutter] 10/5/2011 18:59

I have held RGO a few times and always made profit from my sales and always have them on my watch list. Sadly i didn't buy at the 60p level and have regretted it but now i feel these results/figures offer more risk than reward. The future profits (should they materialise) look priced in to me and failure to deliver will result in fall in share price in my opinion.

I guess there are many who'll disagree but the real problem with Tech stocks is there's always something new coming along that will either mean it's done cheaper by someone else or makes the exisiting technology redundant so imv you can only hold at most for a few years and need to be careful what you pick and more importantly when.

I know there's apple msoft google, and a few others but in the main most small tech companies have their day and then decline or at best remain static. Just look at RGO is it the same company that it was when it floated? They need to reinvent them selves to stay ahead of the crowd.

A bit pricy now

Woody

[cambium] 10/5/2011 16:14

Stegrego, I agree, I'm better off with GBO

[nermil] 10/5/2011 11:39

Itinvestor

Which broker comment are you referring to?

[ltinvestor] 10/5/2011 10:02

Predicted to make £4m ebitda yr end Aug 2011.See todays brokers comment!

[stegrego] 10/5/2011 09:53

I thought the results were underwhelming and a bit jam tomorrow.

Sold half of the ones i bought at 55p but will hold the rest in case these ride on veltis coattails.

[ltinvestor] 10/5/2011 09:33

RGO are working very closely with US Cellular and will handle all their mobile marketing including couponing needs.If rgo were listed in the US they would have a mkt cap many times the present one.I believe that the board are aware of this and it wouldn't surprise me to see a US listing in the future.Only 1000 companies worldwide have ISO 27001 and its achievement will enable rgo to deal with companies like Proctor and Gamble on a worldwide basis!

[nermil] 10/5/2011 09:31

It is so frustrating however to see so many sales here on good news and prospects. I really can't figure out the markets sometimes. Its as though if you don't sell on goods news you get penalized. Is everyone so desperate in the current market to pocket even the smallest profit? Am I the only one with transaction costs? lol.

[nermil] 10/5/2011 09:24

I am very interested in this new contract with US Cellular. They are the 6th largest wireless network in the US and have just announced this week they will be rolling out their 4G network to around 25% of its customers by the end of the year. 4G gives companies like RGO a much better platform to roll out their mobile marketing, coupon services. Does anyone have any opinion on how else RGO fits in with this announcement. I can't think its coincidence.

[ltinvestor] 10/5/2011 08:52

Progress in all departments especially mobile couponing. Rapidly growing recurring revenues which will provide the market with the visibility it wants and contracts with leading worldwide companies should, imho, result in a rerating especially when one considers the mkt cap of Velti($950m!!).

[seagreen] 10/5/2011 07:48

Which are nice...lookslike a trade has become a long term holding 8-)

[21richyrich] 09/5/2011 20:43

Good recovery today, hopefully a good sign for tomorrows results

[rhubarbe] 05/5/2011 13:09

An' when they get there...

They'll get shorted to death by the TSX crowd.

[roily] 05/5/2011 12:44

Awful quite here. I heard from RGO that they are still waiting for final seismic report and the move to the TSX is still moving forward but it is taking much longer then they would like. Delay is not on their end but they have a lot of i's to dot and t's to cross.

[ltinvestor] 27/4/2011 10:12

Interim results on the 10th May, which by the way is earlier than previous years,should give an indication of progress being made.Any good news should see the start of a rerating bearing in mind the mkt cap of Velti!

[rhubarbe] 21/4/2011 21:18

Think there is going to be a whole lot of gas in Kurdi looking for a pipeline space.

[panagos] 21/4/2011 19:28

Could they beafter kurdi gas that they could then turn to LNG setting up a terminal in KRG like in Texas below?

[panagos] 21/4/2011 19:26

Neil Bush, has a $60,000-a-year employment contract with a top adviser to a Washington-based consulting firm set up to help companies secure contracts in Iraq, according to the Nov 11, 2004 Financial Times.

Neil disclosed this employment during a divorce deposition on March 3, 2003. He testified that he was co-chairman of the Houston-based, Crest Investment Corporation, which invests in energy and other ventures, and said he received $15,000 every three months for a average 3 or 4 hours of work a week doing "miscellaneous consulting services." "Such as?" his ex-wife's Attorney asked, "Such as answering phone calls when Jamal Daniel, the other co-chairman, called and asked for advice," Neil answered.

Crest's co-chairman, Daniel, sits on the advisory board of New Bridge Strategies, a firm set up in March 2003, just in time to cash in on the Iraq reconstruction contracts, by a group of businessmen with close ties to the Bush family, and both Bush administrations. The firm's chairman is Joe Allbaugh, who was W's campaign director in the 2000, and who was appointed Director of FEMA once Bush took office.

In addition to paying him for "consulting" work, Crest has provided funding for Neil's educational software company Ignite! In fact, Daniel sometimes introduces himself as a founding backer of the company, and has persuaded the families of prominent leaders in the Middle East to invest in Ignite, according to the Dec 11, 2003 Financial Times.

Overall, Crest goes to great lengths to show Neil how much it values his membership on the team. For instance, when Neil got remarried in 2004, Daniel held a wedding reception at his home, and Crest arranged a 5-year rent-free cottage for Neil and his new bride in Kennebunkport, Maine, so they could spend time near Mom & Pop Bush whenever they wanted to.

Another Jackpot - Thanks To Brother W

As usual, during his deposition, Neil forgot to mention a few facts about his earnings potential with Crest. First of all, he didn't mention that he attached his signature to letters soliciting business for New Bridge in obtaining contracts in Iraq, and two, that he attached his name as a reference for an extremely lucrative proposal submitted by Crest to obtain a lease on a parcel of property located on the island of Quintana, Texas, that will result in payments of at least $2 million a year to Crest.

When W took office in 2001, he vowed to make it easier for companies to build coastline facilities to store liquefied natural gas (LNG), a cooled and condensed form of natural gas, shipped in from countries around the world.

That promise sent US companies scrambling to secure coastline property on which to build the LNG processing facilities. One company looking to enter the market was Crest. Although the firm had no experience whatsoever in LNG processing, it had a very influential asset, a co-chairman by the name of Neil Bush.

One property of specific interest was Quintana Island, located in the Texas gulf, because it was accessible to cargo ships. The right to grant a lease to the land belonged to the Brazos River Harbor Navigation District.

If it could gain approval, the Crest LNG facility would be the first such facility in Texas, and only one of a few in the entire country.

The Harbor Commission was so enthralled with a proposal from Crest, that it offered the company an all-exclusive lease without soliciting for any other bids. The proposal was approved even though ExxonMobil owned the right to a first refusal on that part of the island, under a 1998 agreement, and even though the Commission knew that another company, Cheniere Energy, was interested in building a nearly identical facility on the exact same parcel of land.

When asked why the commission chose to grant the initial deal to Crest, Phyllis Saathoff, managing director of the Commission, said, "We worked it out and could accommodate [the Crest proposal], so we did," according to the LA Times on Oct 29, 2004.

To this day, Neil's connection to the firm is not widely known. However, Saathoff said that when Crest approached the commission with the project, it provided Neil's name as a reference.

How Did Crest Pull It Off?

The chronology of events that led to the Commission's approval of the Crest proposal is contained in court documents from a lawsuit filed against Crest, by Cheniere Energy, a firm with experience in LNG processing.

In 2000, Crest and Cheniere began discussing the possibility of a joint venture to build an LNG facility. After W's election, negotiations picked up speed and Cheniere provided a detailed, "confidential" briefing on its plans to Crest, according to court records.

In early 2001, Cheniere submitted an initial proposal for the project to the Commission. However, without telling Cheniere, Crest went forward and submitted a similar proposal to the Commission, according to court records.

The commission set a date of March 22, 2001, to meet with Cheniere officials about the firm's proposal, but the meeting was abruptly canceled. The very next day, on March 23, 2001, the Commission held an emergency session and met with Crest representatives, and granted the company, with no experience in LNG processing, an exclusive, 3-year lease option on the island property.

Cheniere then filed the lawsuit against Crest. But the two companies ended up settling out of court by becoming partners on the project. After other partners were added, the Freeport LNG consortium was created.

Crest To Handle Political Permits

An internal Freeport memo specified that Cheniere would be responsible for operational aspects of the project, and to no one's surprise I'm sure, Neil's company, Crest, was designated to "handle the political permitting side."

Crest has supported W in his campaigns and some of the firm's representatives have key Washington connections. According to harbor commission memos, Daniel is friends with Energy Secretary, Spencer Abraham, and Crest executive, Dee Osborne, was a guest of Commerce Secretary, Don Evans, on a 2002 US trade mission to Chile and Peru, the Times reported.

In addition to Neil's obvious inside track with W, Crest was able to garner other political support for the project's approval by the Federal Energy Regulatory Commission (FERC). House Majority Leader Tom DeLay (R-TX), was one of 4 members of Congress who signed a letter in support of approving the project, and Daniel's buddy, Spencer Abraham, also lent the backing of his office at the Department of Energy.

On Dec 12, 2002, the Commission approved the terms of a 30-year lease. However, Texas law required that it solicit for bids on any lease extending beyond 10 years. The Commission claimed it advertised for proposals in late December, 2002, but said no other bids were submitted.

The Crest-Quintana project was one of the first to benefit from the Bush administration's changes in regulations that streamlined federal permitting, relaxed financial reviews and made it easier to comply with safety standards.

Although the changes in the regulations were made after Freeport filed its initial application, the changes were applied retroactively to the project. In June, 2002, the FERC approved the project and gave the company a 5-year completion date. The final version of the lease was signed on March 28, 2003.

An important fact that Neil forgot to mention in his deposition is that once the plant goes into operation, Crest is guaranteed payments of at least $2 million a year from the partnership. However, unless Neil decides to dump his new wife, which might require his participation in another deposition, we will likely never know how much of the $2 million ends up in the Bush trough each year.

James Smith, director of Public Citizen-Texas, a watchdog group focused on energy issues, described the Crest profiteering scheme correctly when he told the LA Times on Oct 29, 2004, that the deal appeared to be "another classic example of Bush family cronyism paying off."

Evelyn Pringle is a columnist for Independent Media TV and an investigative journalist focused on exposing government corruption. Email: [e-mail]

[rhubarbe] 21/4/2011 18:50

Somebody posted that you can buy them online... it doesn't look like it'll go through but it does apparently. Well, it doesn't.

Telpehone it'll have to be then..

[seaclipper] 21/4/2011 18:45

Why not - whats the prob rhu.!

Its telephone only as i am sure you would be aware.

[rhubarbe] 21/4/2011 18:34

Well, I still can't get to buy any of these on TDW...