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Paying full offer for a good size BUY ..
08:38:04 1.15p 434,782 £5,000
A late push on the buying and paying 1.14p
My subscription has lapsed so I cannot (would not) post the full article but the free to read part goes like this:
RiverFort Global Opportunities – a Buy (again)?
By HotStockRockets
In January last year we banked a 16 months, 50% gain on RiverFort Global Opportunities (RGO) at 1.20p per share. The shares went on further, to exceed 2p so that sell was premature but you never go bust banking profits! However, despite a successful development of the strategy, the shares are back below our prior sell price. Therefore, there now looks attractive potential again here. Buy again at a 1.1p offer.
4 buying trades on the last 3 minutes
Latest gossip from the ccap telegram group is that the smarttech rto into ccap is on target for a relist to market in April.
Lates
Lot of positive activity happening with the RGO portfolio.
Smarttech247 could list as early as April, whilst both Low6 and Pluto Digital are also on the listing path.
Exciting time to be a holder and 1.134p offered looking good value.
In anticipation of smarttech rto I would imagine. It’s going to be a big noisy rto as it will be pretty much the only successful one out there. Cyber security a big thing in the news
Why the large buys..?
Go to Google and type in Tom winnifrith RGO
saigonsally
Any link about that, or the comments, reasons about buy
Tom Winifrith said Buy (again) and looks what happens!
Remember RGO pays dividends - in the real cash sense - which makes it a pearl
finally, the larger buyers are returning with a vengeance this morning
500k from the start was giving the signal, and already 1.9M volume so far on 30 minutes trading
Hi Florence141414 you are spot on but forget warrants which by legal status must be discount by 75% which not addressed in your calculations. This also in loan book which also can be converted from debt to equity depending on share price when debt was arranged.
In other words not straight forward but on calculations a discount of 45% to 60% on share price at 1.3p as current value is low value trading in last month.
I've just run a quick sum of the parts valuation to make sure I have'nt missed anything so thought i'd share in case others might get some clarity out of it.
Taking the listed equities (mostly pires) from the last HY report at 2.5m that number is probably down to about 1.7m. The pre-ipo investments were 2.5m with imminent ipos that will likely turn this from 2.5m unlisted equity to 4m of listed equity. So that's probably 5.7m of total listed equity holdings once the ipos complete.
Then you have the 6.4m loan book.
Plus 2m of cash minus 1.5m of payables. So let's say 0.5m net cash.
So we might have 12.6m of tangible equity if the ipos go ahead as expected. Whilst the current market cap is a big discount to this figure it is not altogether unusual for low market cap investment firms to trade at such discounts.
However, here is what I believe separates RGO from these types of companies. Most of these discounted investment companies cost shareholders money each year because they have little to no regular income and any they do have is far exceeded by admin expenses which chips away at the tangible equity. If you look past the changes in value of the equity holdings in the last HY report and focus only on the 900k of interest and advisory income minus the 600k of admin and advisory fees, RGO are operationally profitable to the tune of 300k in the HY or 600k annualised. Moreover this is not accrued non cash interest that may never materialise if the underlying loan fails in the future. These are actual cash payments received in the period.
I think it’s a great opportunity. Thoughts welcome.
Last 2 trades paying full offer
15:16:32 1.10 352,913 £3,882
15:15:24 1.10 176,463 £1,941
MM's are
- bidding for 1,250,000 at 1.061 and 1,750,000 at 1.0502
- offering 1,250,000 at 1.0875 and 1,750,000 at 1.099
Spread 1.05 v 1.10p
The last time I look MMs were bidding 1M at 1.06p
Only 250K @ 1.089p at offer
Large volume buying last Friday and after some profit-taking earlier buying is back with a good Level 2 . News yesterday of Smarttech IPO in April, they have a stake on CCAp (smarrtech reversing into )
32 trades today - 32 buys
Not a single share sold and 8,641,929 shares bought
Surprised the MM's allowed so many shares to be bought and only moving 0.05 on the offer.
theyll bounce back from less news, theyll show soon their doing ok and progress is being made. as money tightens businesses will look towards riverfort to help once again
Yes... I picked up some more. Smartech might benefit (from a horrible situation) ?
bought a few more and average now 1.25.
looks like someone else scooped quite a few more going by the trades.
aimo.
Shares across the board have fallen significantly as retail investors panic sell and couple that with high net worth clients not being able to cover margin calls is spiralling further selling.
Share prices have lost and correlation to company performance and RGO is no different.
Numbers due soon to Dec 2021.
Fingers crossed they have performed as well as their 1st half.
Jus needs news. Smarttech rto into ccap in April. Low6 ipo in q2
Should give us a leg up imho