Riverfort Global Opportu... Share Discussion Threads

[flyfisher] 22/12/2006 10:45

unusually i dont view this director sell as negative, as rich points out they still hold 50.1% and retain the majority stake, it seems that a willing buyer was easily found, close to the market price and i guess it has brought another institution on board , we have every possibility of some press interest in the run up to the float, i remain encouraged that their is institutional interest in the stock

[21richyrich] 21/12/2006 23:01

as they both still hold 25% each I cant see this as anything other than them raising some funds for personal reasons

I wouldn't read anything more into it than that and the drop in the share price will be shortlived

[nurdin] 21/12/2006 17:16

It is always worrying when two directors sell ahead of important news...it unnerved me enough to sell.Quite happy with the profit though.

They could have timed it better imo.

[spangle93] 21/12/2006 16:14

Happy Christmas Neil and Barry

Neale Graham and Barry Sharples, directors of 2ergo, notified the Company on
20 December 2006 that earlier that day they sold 500,000 ordinary shares each
at a price of 285 pence per share.

Following these transactions Mr Graham's beneficial interest is 7,083,333
ordinary shares representing 25.0% of 2ergo's issued share capital and
Mr Sharples' beneficial interest is 7,103,333 ordinary shares representing
25.1% of 2ergo's issued share capital

Since I reckon they've sold around 6.5% of their holding, it seems a bit unfair to drop the price by almost as much, but there you go, what do I know.

[nurdin] 18/12/2006 15:14

Moving again...looks like some good news has leaked out judging by the trades

[ltinvestor] 15/12/2006 11:40

Wiganer.Glad you made a return on your investment but I believe the share price has much further to go as does a major hedge fund who see the share price being several times the present over the next few years.As for 2safeguard, well, when an CEO desribes a product as the "holy grail" you have to run with it,after all, this could , and I stress could, be a once in a lifetime opportunity .... Time will tell.

[wiganer] 14/12/2006 10:37

Heck of a run, and I've taken my profits now. Good luck all; I do expect RGO to hit £3 at some point in 2007, but maybe won't get there in a straight line.

[leighbarton] 14/12/2006 10:34

I remain sceptical about 2Safeguard. I am not convinced it does bring something unique to the market that hasn't been tried (and failed) before. That said RGO has had a v good run on the back of the demerger news.

[the prophet] 14/12/2006 09:21

-not seen this one before, as the article says,the valuation placed on 2Safeguard will be v.interesting!



Strong annual results from text messaging to mobile video services group 2ergo helped shares in the company gain 9p to 229.5p but market watchers were more interested in the group's announcement that it is going to spin out what some believe could be its most valuable asset.



The company has been developing a technology platform called 2safeguard which it reckons will provide the entire mobile industry with a new protocol to deliver secure payments and communications - making mobile commerce more secure than the existing credit card chip and PIN system. As Neale Graham, joint managing director, says: "We think it is the Holy Grail in terms of mobile commerce."



Alongside potentially turning absolutely any mobile phone on absolutely any mobile network into the equivalent of a secure credit card, 2safeguard could be used by banks worried about online banking fraud.



Several high street banks are already testing something called two-factor digital authentication. Rather than relying on just a username and password to access an online account, some banks have been seeking to supply customers with devices that produce single use security codes. These codes must be entered alongside a customer's username and password - hence "two-factor authentication". Such devices - typically a keyring-sized LCD display that shows a series of regularly changing numbers - are widely used by companies that grant employees access to their secure office network while on the road.



It is understood that 2safeguard is in talks with a number of banks about using mobile phones instead of keyrings to supply these codes.



The exact details of the demerger - slated for early next year - will not be out for a couple of weeks but 2ergo and its existing shareholders will retain a majority stake in the business. There is also likely to be a secondary fund raising.



Perhaps most intriguing will be the valution that is placed on 2safeguard. The business has not been included in the City's estimates as its technology has been in the development stages. As Teather & Greenwood pointed out in a note: "This product has the potential to be transformational for 2ergo, yet because it was still in the development stages we had not yet been able to place a valuation on the product. A listing would inevitably force a valuation."

[the prophet] 13/12/2006 18:28

21richyrich
-OT, that would be nice, but I guess it reinforces the old saying to back winners, let the profits run etc etc
-TEO has looked a bit of a dog for some time, may come good, who knows? But RGO and TEO are like chalk and cheese.
-only have small investment (+ getting smaller all the time!) in TEO.

[21richyrich] 13/12/2006 18:24

TP wish we were seeing similar rise in TEO LOL

[nurdin] 13/12/2006 12:47

Indeed..£3 looks to be on the cards...:o)

[the prophet] 13/12/2006 10:13

-lovely quiet thread as RGO moves steadily ahead, very nice indeed!

[the prophet] 08/12/2006 09:37

-recent Numis report link now in header.....
-they reckon target £2.98 excluding 2 Safeguard.

-given the mere fact that RGO are spinning out 2 Safeguard and the comments on it they(ie RGO management) have made in the past, then it seems likely that 2safeguard will have a significant valuation in relation to RGO.
-who knows, it could be worth more!!!
-ok, speculation, but be very interesting to see what details emerge over the coming weeks and months concerning 2Safeguard.
-v.exciting times!!!!

[ltinvestor] 08/12/2006 08:26

In my opinion that would be a mistake!

[wiganer] 08/12/2006 08:24

I'll let them have mine for 300 a share.

[ltinvestor] 08/12/2006 08:20

MM'S have NO stock.

[spangle93] 08/12/2006 08:17

Where's it off to today?? :-)

[ltinvestor] 08/12/2006 08:07

News must be leaking out about the demerger, hence steady buying over the last few days.I suspect the 2Safeguard valuation is pretty significant.

[nurdin] 08/12/2006 08:06

Good morning :o)

[wiganer] 07/12/2006 10:03

Thanks.

Direct link is:

[ltinvestor] 07/12/2006 10:02

Wiganer.It has been put back on the company website (£2.98 ex 2safeguard).try www.2ergo.com.

[wiganer] 07/12/2006 09:57

Does anyone have a link for the brokers note that gave a fair value of 280p WITHOUT 2safeguard?

[the prophet] 07/12/2006 09:55

-hey ho and up we go.....
-you can make some basic assumptions about the float value of 2Safeguard, put in a base price for the core 2 ergo business.....and I think £3 is a minimum, with a decent chance of sig. more, depending on factors surrounding the 2safeguard float.

[wiganer] 07/12/2006 09:47

Through 270 for first time.