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Added a few yesterday 105K in the afternoon shows in trade above as a SELL !!
Pires down but even at 11p the holding sits at -
- 26.149m shares at 11p - £2.876m
- 10m warrants at 4p to 11p - £700,000
That equates to £3.576m or 30% of the net asset value.
Pires look a touch overvalued, but Rgo look a little cheap?
Apologies Tover. I have read again and you are correct.
Pires coming off as the disparity between NAV and market value is so high.
Q1 was particularly good for Pires but you may see Piri settle just below 10p.
Fingers crossed that is not the case.
19.6m was Pires market cap on 26 April 2021.
NAV at 31 Dec 20 was 2.9m
Please learn to read
But on the plus side, I'm keen to understand what RGOs exposure to Pluto is. Especially if it is going to go bananas at IPO....
Great update from Pires with Nav at £19.6m pre IPO’s from both Pluto Digital and Low6.
Excellent news.
Come on, l want to top up before the next news, May is going to be tasty, current SP 1.82 GBX, we need a few sellers, please :)
#RGO invested £300,000 for a 7.5% shareholding in a newly incorporated digital assets technology company, @Pluto_Digital (4th Feb) invested a further £700,000 (4th March) "Pluto" @RiverfortC now have a 4.2% shareholding in #Pluto 24th April 2021
https://twitter.com/ShareTalkNews/status/1385931049163702275?s=20
"Peter Wall, CEO of Argo and a director of Pluto, confirmed that Pluto is “rocketing to its IPO on the London Aquis Exchange, with a target of late May 2021 for its admission.”
A person close to these companies said Pluto differed from NFT Investments and Dispersion in that it has already been in business for a few months, meaning it may take longer to complete checks and balances ahead of a listing. It is not yet clear, they added, how much money Pluto will look to raise or at what valuation."
https://www.theblockcrypto.com/post/102168/crypto-investment-pluto-digital-assets-listing-aquis
At 30-9-2020, the latest figures, RGO held just short of £3M cash.
Yes, you've only got to look at DEV as an example - and there is an loose indirect association with that share at RGO.
IPO 8p then up to 18p, then slammed all the way down almost to 1p, "certain parties" get the opportunity to load up in low single figures, and then all the way back up to 30p+.
I don't think it will be as dramatic here but it was easy to read between the lines of the RNS, and the message was clear, as also is the long term attraction of RGO.
Lets see what happens.
Hi Skittish..
I believe a similar thing is happening at PIRI..
Walking it down to spook out small investors before the IPOs of low6 and Pluto..
Allowing the big boys to load up again
Oh, I expect RGO will be fine over the medium term.
But short term they seem quite happy to issue their own speeding ticket. Their intention was clearly to dampen the share price - albeit to what precise end is uncertain. And they have succeeded.
Year end 2020 will not be exciting - well we all know that now.
Q1 2021 results, which will be the exciting figures will probably not be until 30-6-2021, so 10 weeks to wait there for some really good figures.
Not all that long in the grand scheme of things, but for those looking for short term excitement the message is clear - go elsewhere.
I expect once the appropriate people are loaded up at the appropriate price, normal service will resume.
'Twas ever thus.
there is some appetite to buy around the 180 ish mark. shares sold down into the 1.60s and these have been bought back up again so some confidence, lower level dependent on the volumes overall
Yep whoever wrote it needs to learn the difference between honesty and stupidity
Whoever wrote that RNS needs a course in copyrighting....absolutely poor standard of writing eroding shareholders value by >30%.
after the rns i guess some are wary of what is to come and next steps?
the divi is guaranteed as much as it can be i guess based on last years update, money available, directors have already stated this and alongside being a higher end of year it should come to pass.
i guess the question is around future investments, does RGO do better during more bearish times? when markets arent doing so well? if so i think this is coming too. gla
I believe the final dividend will be 0.04p....
We shall see.
Good evening, all,
What piqued my interest in this company is its potential and the fact that it has just started paying a dividend, which still boggles my mind.
Whether the Divi continues remain to be seen but, the company potential is worth a punt. Especially with its low mcap and potential of the sector it's in.
Great post.. about sums it up imo
There was obviously wind of an update which started the increase this morning, I nearly sold a few at the 2.5 mark but didn’t in the end as the update released and we trundled back down. I’ve quite a reasonable stake so sold some at 98% average increase, it ****es me off days like today as I sometimes get spooked which I know is half the game and then feel comfortable realise some of the gain. I was overweight in the stock just when should I sell? Still gained, not as much but happy and quite a large stake still in here, gla
RGO reached a 52 week high today - 2.55p - and was No 7 on the 52 week mover list.
Prior to the RNS that is - nothing quite like dampening a rising share price.
And total assets y/e we are told are "expected to exceed £8.8M".
Well at Q3 2020 they were £8.7M - so not much to write home about there - another £100K in 3 months. Pity they didn't also give the provisional Q1 2021 figure, which must by now be available, but then only selective reporting of figures actually cuts the mustard in this instance.
And despite Bitcoin hitting a new high today PIRI has been definitely subdued as of late; as have the Pluto cheerleaders and all those Twitterati who you could scarcely avoid a little while ago. I sense that all seems a bit quieter there recently with the Zak Mir Crew being much less rumpy pumpy when it comes to all things in the Outer Solar System.
Maybe the anticipation surrounding Pluto just became a bit too much, and things needed to be toned down, lest some people may not be able to get in at a decent price. Got to keep those City Boys onside - shafting Deliveroo customers is one thing, but shafting your City Mates is a step too far, waaay too far.
But if net assets has only increased by circa £100K in Q4 it means that few if any of those juicy warrants had been converted. upto then. And as some have already pointed out PIRI's increase value alone would have increased net assets by around £2.2M in Q1 2021, not counting the warrants - was it 10M @ 4p at the last count? Worth well over another £Mill once converted.
Much still to play for here, on a 6 month to 1 year view.
Market Summary > Riverfort Global Opportunities PLC
2.30 GBX +0.100 (4.55%)
14 Apr, 16:37 BST ·Disclaimer
Results for the year to 2020 will be announced in May 2021. Trading has continued to be positive in the last quarter of 2020 such that the net profit for the year is expected to be in excess of £1.3 million, compared to the previous year’s figure of £623,690 and net assets are expected to exceed £8.8 million compared to the figure as at 31 December 2019 of £7,878,417. These figures are provisional and, as stated above, are subject to audit.
Today RNS does not factor in the increase in #PIRI share price (investment) nor does it factor in current investments in
Pluto Digital Assets. I bought today 1,500,000 RGO.L at 2.05p each,
we might even go level or positive by end of trading day!!
.
Couldn't agree more and was about to post the same thing.
Seems a very clever pricing tactic play with a few weeks to the full results.
Became an immediate top-up chance once sub 2p was seen again.