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From the "UPS" thread ...........
"Had a good rise from the lows and then a small retrace, today is rising again with volume, some of their investment are rising also for the last couple days. The chart is pointing to better things to come after the large fall for the last few months"
chart https://uk.advfn.com/p.php?pid=staticchart&s=L%5ERGO&width=515&height=325&p=3&t=1&dm=2&vol=0&cb=
fair enough,,,glad to be corrected
do we all know we own 16% of #Piri ...piri is due a big divi soon....and therefore so are we
It is not as straight forward as you have stated jh2704.
My understanding is RGO issued a CLN for up to 6% of ST247 for around £1.4m.
That seems to value ST247 up to £23.33m at 6% stake.
It values ST247 at £28m at a 5% stake.
RGO will have preferential terms written into the CLN which will likely be up to a 30% discount on conversion to equity. There is also likely to be a cap on ST247's valuation and hopefully a cap at maybe £25m valuation on any deal completed.
Lots of gaps to fill in.... but these are my thoughts?
Anyone with any more concrete details?
So we used to have an investment in smarttech and smarttech was a 5m company. If this rto goes thru with ccap then we will have the same investment in a 33m company called ccap. I think that’s right.
It’s a good deal. Watch and learn
So how does this work, RGO get shares in Conduity (formerly New Trend Lifestyle Group Plc)? Why not cash? This is a shell company whose shares have been suspended for months. Assets appear to consist of a website put up by a couple of wide boys and less than £1m in cash. What's the deal for us shareholders or is it jobs for the boys? Can anyone convince me this is a good deal for RGO shareholders. Seems dire to me
Market likes it……look at those 2 x 1 million share buys timed at 8.36 am.
Here is working link to the RNS (I hope).
https://www.lse.co.uk/rns/CCAP/proposed-reverse-takeover-of-smarttech247-r8xblci7rlszh8w.html
Conduity Capital PLC Proposed reverse takeover of Smarttech247
Smarttech247 valued at £33.5m
hTTps://uk.advfn.com/stock-market/london/conduity-capital-CCAP/share-news/Conduity-Capital-PLC-Proposed-reverse-takeover-of/85747670
Whilst I see the investment into Pluto as an opportunity, it is fair to say that it has yet to yield any significant gain but we have plenty of time for that to come.
I am invested here for many reasons but the jewel for me is Smarttech247 and a likely IPO in the coming 18 months. It could be worth 100% of the current RGO valuation on it's own?
Add in the 18% or thereabouts of Pires that in turn delivers exposure to SVV and the array of CLN's and Warrants currently open than you can see RGO looks undervalued.
Finally, add in the consultancy revenue stream plus loan interest and you have a profitable business.
Simply the wrong share price and a strong buy.
I took some this morning at 1.3 in the hope of averaging down, oddly showing as a sell order!
That’s a good point castle2012.
Indeed I am hopeful that some of the larger holders (including the recent placees) will take advantage of the current SP good value and reinvest their 0.04p per share dividend monies which are due to be paid out tomorrow. Let’s see if we get a related increase in the volume next week and consequent uptick in the SP….
Looks to me like this could have reached a floor in the 1.3s and so I have taken a tranche today.
The SP seems to have suffered mainly due to the crypto drop in the past few months. Now sits 20% lower than the recent “well timed” placing where shrewd Chris Akers came on board.
Whilst the likes of ARB, KR1 etc have seen their SPs start to recover with the commencement of the turnaround in crypto prices in the past week, this change in sentiment has not yet spread over to either Pires or Riverfort in relation to their Pluto investment.
I can envisage Pluto are watching this shift in crypto sentiment closely to see if it has legs for when to best arrange the timing of their delayed IPO…..The IPO could come pretty soon if BTC gets back above 50,000 $ in the coming weeks. When this news lands then can expect RGO to quickly re-rate.
Furthermore the Riverfort recent investment into cyber security seems to have been very well timed with almost daily press stories of hacking. I have been watching the Darktrace SP really motor up in the past few months so there is clearly increasing value for being in this market sector.
A further print appears from the 15th July at 14.26 of a sale of 3m shares.
So 7.7m we’re sold in a crazy few minutes on Thursday.
1% of the company.
Hmmm. Would you believe me if a brag about the 20% loss I made when I sold?
You got out last week, mmm hmm. Amazing how people manage these wondrous exits so close to a drop and why they never say at the time they sold?
PS. I got out last week, glad I missed this drop!
I have sold my stake here. Really disappointed with the company performance. Uninspiring investments and lacklustre Board. Best of luck al LTH
Decent sized seller around today - 4.7m sold from 2pm and on.
We have to wait to see if seller goes on tomorrow?
No chat here? why are we down 13% out of the blue with no RNS. Even that utterly useless Pires is only down 6%
viera, stick to VAL where you are doing okay.... ish
Business model is broken
Awful profit warning
1p target price as no interested in our death spiral financing deals
Found it on 10/5/21
RiverFort Global Opportunities plc is pleased to announce that it has agreed to invest €1.4 million in Smarttech247 (incorporated in the Republic of Ireland as Zefone Limited) a global artificial intelligence ("AI") based cyber security cloud business that protects enterprises as they migrate to cloud-based IT operations (the "Investment"). Smarttech247 is a growing business, with financial results for the current financial year expected by Smarttech247 management to be significantly ahead of 2020. Smarttech247 has over 100 technology partners (including Tanium and Crowdstrike) and 50 clients based in Europe and the USA. It is intended that the funding shall accelerate Smarttech247's extension and roll-out of its AI-based cyber security product portfolio.
The Investment will be via a convertible loan note and will form part of an overall fundraising by Smarttech247 of €2.5 million. The convertible loan note carries a coupon of 5% and is expected to convert on a sale or listing of the company.
For the period ended 31 July 2020, the company reported audited profits before taxation of €829,000 on revenue of €4.8 million. Smarttech247 has contracts with enterprises that include the Institute of Cancer Research UK, Aryzta Global and the Royal College of Surgeons Ireland. Smarttech247 expects to use the proceeds from its fundraise principally to invest in building its marketing presence and for recruitment in order to expand and roll-out its AI-based cyber security product portfolio. More information on Smarttech247 can be found on its website at www.smarttec247.com.
Smarttech247 has indicated its intention to seek a stock market listing in the short term and the Board therefore believes that an investment in Smarttech247 at this juncture, given the progress that it has made to date, represents a good opportunity for RGO and its shareholders.
What is our stake in Smarttech247?
not because of the PLUTO IPO? digital assert?