Riverfort Global Opportu... Share Discussion Threads

[ltinvestor] 15/6/2011 07:46

Nermil, I am not defending the management but new guidelines were proposed and have been implemented by the networks much sooner than expected.AS the CEO says the core part of the busines remains very strong.I would like a boardroom cull because I too am very very p+++ssed off and the CEO is aware of my feelings.I wouldn't be surprised if Nigel Wray has also made his feelings known and with stronger leadership rgo could still become a significant player in the world of mobile marketing.Hopefully Numis will put pressure on and changes will be made.After all the two main directors have more to lose/gain than anybody!!

[nermil] 14/6/2011 16:19

I really do hope that management at RGO are paying attention to market reaction today and will release another RNS that clarifies exactly which areas of the business could be effected or attempts to ally investor fears somewhat.

I think RGO gets the prize for the most poorly worded, convoluted RNS of 2011. It would have been better not to release anything at all until something, anything could be made clear to investors.

[nermil] 14/6/2011 13:42

Itinvestor, you've spoke to the CEO? I'm impressed.

Do you have any view on why this has come as a sudden shock to RGO? These guidelines were adopted in 2010 and being consulted on in 2009. From what I understand from the RNS this is a voluntary adoption by networks, ie not a piece of new legisation, but surely RGO must have had something of a heads up, if all their clients are adopting these new guidelines. As an investor its not a bit of bad luck that scares me off, its when management doesn't anticipate challenges that have a significant impact on their business. The RNS gives SEptember as the timeline for adopting these new guidelines, that's not a lot of time re-jig every contract, do an audit and present possibly a new set of services to existing clients!

I've a fairly new investor to RGO so I've never come across Outsider on these boards, but yes it of course puts it all into perspective. I've read the article and he seemed a very interesting individual.

[ltinvestor] 14/6/2011 13:23

Very sad to hear the news regarding Outsider.We had also exchanged views on this thread and I had wondered why he hadn't commented recently.Puts todays announcement into perspective.
> prophet.Have spoken with Neale and he described it as a "blip".Other main business remains very strong.

[the prophet] 14/6/2011 11:40

-Cambium, very sorry to hear that, we had exchanged views and thoughts in the past, especially when he was very active on the Ofex board. Condolences to all his family, very sad.

[pdm] 14/6/2011 10:35

Yip a hopeless RNS,iluv this space but these guys are not delivering anything like the potential which exists in mobile marketing. I haven't put a finger on why they are so poor, if its a half decent company, a bigger player (velti for instance) could pick them up for pocket money....as I said before the advent of the iPad is a game changer for mobile marketing

[cambium] 14/6/2011 09:53

RIP Outsider the writer of this thread



In case anyone is not aware, Outsider, who started many threads on small caps on ADVFN passed away recently in a tragic accident.



.

[nermil] 14/6/2011 09:39

The other companies listed under mobile communications in the financials section here do not seem to have had their share price effected. Is this RGO as a victim or circumstance or RGO being completely and utterly unprepared and leaving itself vulnerable to this? Because if you're going to put your faith in management to get them through this, its a very key point. At this stage, I am not sure.

[nermil] 14/6/2011 09:34

A really frustrating RNS, to sum we have absolutely no idea what impact they may have on our own business. A massive one or a small one. Take your pick. Oh and by the way it will be months before we do know. Brilliant.

No way to knowing what to do here, but a real sucker punch this morning. Kicking myself for not selling out a week ago.

[the prophet] 14/6/2011 09:11

>ltinvestor
-sounds like you need a vet! But good luck!
-do you see a good opportunity to pick up shares here?

[ltinvestor] 14/6/2011 09:09

>Prophet.My horse is presently lame but is expected to make a full recovery!

[the prophet] 14/6/2011 09:00

-yes, clearly some folks were aware of this a little while ago, not so puzzling now!
-will wait till the dust settles, but you would have thought RGO would have known about these changes for some time and hence had time to re-align. Smacks of an own goal to me.

[chanson] 14/6/2011 08:59

Not a good announcement - it raises concerns and leaves them hanging. As I see it this is now a decision as to whether or not you trust the management - could be a good time to pick up some cheap shares - but don't expect a quick rebound, the announcement says "the actual numbers will not be known for a number of months". Until they are - expect a declining share price.

[ltinvestor] 14/6/2011 08:53

"Core business continues to trade strongly".Well I'm here for the longterm.

[cambium] 14/6/2011 08:16

I knew something had to be up

[stegrego] 14/6/2011 07:33

Looks like plenty of people knew about this payment change and sold out, hence the recent drop.
Market doesn't like uncertainty, so it wouldn't surprise me to see this under 70 today.
I honestly don't know what to think, but it doesn't look like good news.

[21richyrich] 13/6/2011 09:15

lloks like the sell off is gaining pace - bad news around the corner?

[panagos] 09/6/2011 11:31

OMV is a very large company rhu, i am sure they've got the leverage, financially and politics-wise.

[rhubarbe] 09/6/2011 11:09

Interesting that OMV should have 100% WI in some of its blocks..

[jonno1] 09/6/2011 11:00

OMV Chart for 6 months plenty of room for some upside