Member Info for Riffgo

Why would Goldman buy 250m shares in a UK waste company? I understand 3% for an investment, perhaps, but 10%... Anyway, from an income POV it's becoming more attractive daily at the moment.

Looks like they've got the finances under control.

that they keep winning business. Results will be in line with expectations. Also good news after the uncertainty of Catchpole's sudden departure. If the price were to double from here (not saying it will) it would still only have a market cap of 24m. It's risky, but then what isn't in AIM? Only 40 million-ish shares in issue and most of them are in the hands of long term investors/directors. Perhaps we've seen the dark before the dawn...

Why the sudden departure? Can't be a fraud, because it would have ben the CFO that went... which is reassuring.
Must be something more dramatic than a disagreement on direction of policy, because he has been unanimously booted off the board without the niceties. So unless Catchpole's done something wrong in another company and got himself struck off (he did put all his shares in different family member's names recently, so perhaps he had to) this must have been a power play on the board... with the new kid on the block being the winner. The main shareholders haven't sold out... yet. I did email the company asking for a reason, but they haven't supplied one yet. I won't hold my breath.

This maybe the reason for the poor reaction to the excellent RNS. They dumped Catchpole. Now, this should get interesting, we have the mover and shaker in charge...

others follow.

Richards Pike bought in big time yesterday. Goldman's stake is now over 10%.

So they're the ones who have been buying those chunks... looks like a classic buying operation to help someone build a stake. It also goes up when everything else is falling. Things are getting interesting and the chart looks like 2.75 is in sight.

they have reserves to cover the equivalent of one year of cash burn at the same pace as this year. Meanwhile, they've done almost all the hard work on setting up in the US and are looking east. The roll out of their cloud platform (Amazon style) is quick and has the potential of multipying revenues. The chart shows the 50 day and 20 day averages meeting. If it holds or breaks through 30p then I would expect positive sentiment for this year to move higher it to at least 35p. There aren't many free shares about. They've marked it down on the increased annual loss, but I would expect it to return to 30p (and therefore higher) on the basis that these results are retro-respective of an expensive year. The directors certainly went out of their way to explain the position and hidden in there is a hint for a surprise on earnings this year from the roll-out of contracts signed in the period. Of course, I could be wrong... but there are only about 40m shares knocking about and I own most of them (only joking). Can't see much selling just before the fun starts... but, like I say, I could be wrong.

in coffee cups.

including... PCI Pal, the secure payment solutions provider for contact centres, has announced that it has been accepted into the G-Cloud 10 agreement, which is part of the UK Government’s digital marketplace. PCI Pal’s Agent Assist payment card security solution and its Interactive Voice Response (IVR) Payments solution are both listed within the G-Cloud 10 ‘Cloud Software’ category.

Someone keeps buying chunks on the quiet. The market makers tried to knock the stops out twice last week. A director buys this week. The chart is looking to break out... hmmm. I'm wondering about the Chinese. Of course, it could just be the heat.

buying. The best bit of that RNS, yesterday, is the rise in recurring business. It means that new orders add straight to the bottom line. It has cash in the bank too. It's going to NT today, even for a small amount... mind you, there aren't many shares in issue. 33p seems to be a resistance point...

what is gold in the ground actually worth? I fear the answer to that is actually nothing, because you can't sell it in the ground. Value only comes from digging it up. Colin Bird can sell the asset, of course, but that would be at a loss to the shareholders. The company has made a series of catastrophic decisions and we've paid for it. Sauve qui peut.

is beginning to look interesting. By my reckoning it is about to move up and test 40p again. If it breaks through that then we're back to the low 50s. From there... Of course, it isn't an exact science.

to see William Catchpole rearranging his holding at 36p ish. I'm thinking that this is a CGT thing and that if he distributes shares to family members at a low price it will mitigate a lot of CGT if the shares were to rise. Of course, I could be wrong, but he didn't sell...

Steady as she goes with a nice 30% increase in interim dividend. Bodes well for the full year. Question is, what are they going to do with all that cash?

is definitely proving a tough nut to crack, but we're almost there and then I've got 2.45 pencilled in. It'll probably take positive news from the SFO to take us there...

with 3.10 as the next resistance... by my calculations.

with 14... I reckon it will take a sustained break above 14.20 now to aim us at 16ish. We're due some news.