Member Info for MrMagic

It's a longer term punt IMO. Next year looks likely to be a profitable year when you look at the trend over the past 2-5yrs. The loss has been coming steadily down so a profit next year means a real turnaround has been accomplished. Admin costs will need to come down I think to help achieve that unless there are some big orders or sell-offs etc. The SP seems pretty rock solid, It has stayed at 0.45-0.55 for some time now. Simple hold for 12 mths will see this mature nicely I think.

Understand all that, but, if there are so few shares, then IF this does hit 1p, how are you going to sell them? You'll be forced to do open fill/kills / best price deals and I would guess much of the profit would be leached from you at that point.

Today I can only sell 25,000 of these (at 0.32p), a mere £80's worth. That is frankly absurd for a penny share !!! And yet. . . They will happily let me buy 500,000 of these (also at 0.32p) !!!!! In short, easy as hell to buy, very difficult to then sell. If the SP did rise to 1p just think how many transactions you'd have to do a 25K shares a pop to get anything decent out. Seems wrong to me.

You could sell at 0.33 actually. But now you can't even sell 50,000 of these which is ridiculous.

Hi mate. I think you'll probably do ok here in the longer term but as you say, things are taking longer than perhaps people anticipated. There was no trading update in Feb/Mar to correspond with that of the previous year and so all hopes were pinned on a good end of year set of accounts. Now we can see why they waited. It's only a 90K loss for the year compared to 400K prev year so pretty close to getting a positive result. Going forward it seems logical that the next set of interims in 6 mths time will show a profit (since last years also did) and then surely we'll see a profitable end of year too. So short term, nothing to see here imo for 12 mths but after then, and with releatively few shares in issue, this could rise very nicely indeed so price now is good for geting in.

To be honest, 6 mths is nothing in investmet terms. If the fundamentals are sound, just sit back and wait for it to come good. When I first came here this was being ramped relentlessly (for specific reasons I think) and at the time it frustrated me no end that no-one would tolerate any serious discussion about the company. Nevertheless I made my peace with the rampers here I hope and left them to it. The bottom line for me with RIIG is that it's BOD are trying hard to turn around a company that hasn't returned a profitable set of end of year accounts for quite a few years. The last interim accounts were starting to look promising so we were looking forward to the end of year accounts and hoped they too would be positive. Sadly, they report another year of overall loss. This said, the levels of loss are coming steadily down each year so all is moving in the right direction. However the question will always be, how long can a non-profitable company be able to continue before the plug is pulled? Admin costs are still high compared to profits so that balance probably needs to change. Companies all over the country are laying off staff in the 100s and 1000s in the current financial climate and are battening down the hatches for the huge storm that is about to hit all of Europe and much of the wider world. Many things will change as a result of that storm. Many companies will go under. Even so, next year could still see the first profitable year for RIIG and if so, if you invest now, you're sure to have a great investment on your hands. If another loss is reported though, then your money is stuck and at risk. So you pays yer money and takes yer chance I think. No reward without risk. For me personally, had we finally seen a profit this year I would have put my money in for a punt, but under the circumstances, I'm putting that money elsewhere. I just can't see companies being able to weather the coming storms if their business models are not at least profitable in some way. I'll be keeping an eye on RIIG though and will look at the next interims to see if things have changed any. GL.

Thanks for the heads up. Just had a look. Disappointing result given the strong ramping here over the past 3-4 months. Seems many had hoped that JF would have finally got RIIG into profit (interim accounts seemed to indicate it would) but clearly things aren't straightforward. Another year, another loss. This said, what is clear is that the loss is coming down each year so JF is obviously making some impacts but it seems a very long haul. Revenue increased 1mill from prev year but equaly Admin costs went up nearly 1mill too (700-800K)!! The current markets and world financial crises are a difficult backdrop in which to be trying to survive yearly losses I think. MadChatter I think you may well be right about partial sell offs. Trouble is buyers will cherry pick the best bits. It will generate some revenue but what will be left behind when the best bits have gone?

Just popping my head in. SP seems stuck at 40-50p as ever. Have we had end of year accounts yet? I'm sure that will get this moving once and for all.

By crikey you're right ! Everywhere else has been decimated horribly. RIIG sits quietly by like the guy sat at the bar when everyone else is brawling :)

"I brought in on the rise, probably a bit because of the rampers " I think I can see 2 flaws in your investing technique here !!!

That's cool. I might be able to get some of these then after all.

Any ETA on the end of year accounts? I suspect we all hoped they would be out by now. Pretty sure that in legal terms they have up to 6 mths to issue them so plenty of time yet but it would be great to see them sooner rather than later. I'm hoping for a good set of results.

" this is why i hate the idiot rampers so much," I have to ask, what made you decide to invest? Did you largely invest on the back of people's posted views on these boards?

Good luck with that. Regards EOG: Definitely something happening in there but I sense it's being kept a little hush hush. A simple announcement by the UK Gov't that fraccing is now safe to continue (within strict guidelines) saw the SP rocket up 12.2%. It's like people are poised with their fingers on the trigger. The next day it rose a further 2% and then the day after fell back 8% with the odd MM signal thrown into the trades for good measure. Hence I think people are loading up or getting ready to. My guess is that we have good news regarding Berenx coming or that we really are in discussion with a large company for a JV. On the other hand it might still take ages to get to a position for drilling Shale in the UK but either way it's certain to happen and the rewards will be significant imo. SP totters around 8.5p-10p at the moment (which provides some room for playing about) but as a long term solid investment anywhere in that range is good to get in as we'll easily hit 50p + once drilling starts or JV is announced. GL

Grrrrrrrrrrrrrrrrrrrrrr. Agent now telling me it could take another 3 weeks to get pension xfer'd. I've already lost 6 weeks in having to faff around with IFAs. The wait is killing me ! Gimme the money already !

No no no don't leave without me !!! I'm bang smack in the middle of getting a pension transferred into a SIPP so I can invest it where I want to invest it. The funds should be there in the next 2-3 days so I can't afford for RIIG to take off without me !!! Good RNS and a focus on the young generation will put the company in a very good light because in truth, the young generation has been largely Daffy Ducked by the greed and avarice of the previous generation. The poor blighters will be working pretty much all of their lives I think :( So, having a gov't paid scheme to train up in this industry should be a great help to many. Keeping it real I'm still looking forward to the end of year published accounts here. Hopefully (says a quick prayer to the market Gods) those accounts won't be out for a couple of weeks and so I can get my stake in before we get lift off.

I looked on the RIIG website but no end of year accounts published yet. Looking forward to seeing these.

Seems you still think I am "someone" rather than no-one ! You're so wrong I'm afraid. Just an ordinary guy. Haven't been in hiding Jamie, just had a busy weekend. On the EOG RNS front I think it's a good thing to ditch any loose chaff and concentrate the business on the best prospects which are Berenx and Shale. Eitehr of these coming to fruition will multbag the SP. RRR should take a leaf out of EOG's book in this respect and ditch some of the projects to concentrate on the bigger stuff. In terms of RIIG I'm stuck until I can get a past pension transferred over into a SIPP so I can invest it wherever I see fit. I thought it would be a simple task to transfer but turns out to be more difficult as it's a final salary pension so they insist on you getting independent financial advice before they will let you transfer. It will now take 2-3 weeks I think by which time I may well have missed a lot of good opportunities to invest :( Oh well, what will be will be.

News hasn't been as frequent as last year where there was a trading update at end of Feb, however one must not forget that the end of this financial year is a huge event for RIIG. It will be the first end of year set of accounts to show a profit for many years and that will truly indicate RIIG has been turned around. Nothing is more important than this set of final accounts and so I'm guessing any smaller RNSs that might have been released are being saved for this to make it a hum dinger ! If it is, I suspect the SP will rise quickly. I'm hoping to get some funding available towards the start of April so I might just miss the boat here but if teh accounts aren't out immediately and I get chance I'll have a punt with RIIG :)

You're right, it's certainly possible some of these are buys