Member Info for Riffgo

It was floated at 1.80, you are absolutely right, but then it immediately dropped to 1.68. I should have said: price at floatation. Anyway, recently it dropped below that low to 1.65 before bouncing back up. That lower low put me off, even though it has gone back to £2. I like this company, but it has too much debt for this market. I think they will be getting on top of that for the next two years, so no dividends. I see the current price as a top, not a bottom. In other words, the old highs aren't likely to return any time soon. But I've been wrong many times before! It's just that there are good companies out there with a lot less debt... and they're the ones I've been targetting recently.

they got that share issue away above the share price in the worst of all markets. Perhaps, they sold it on an impending deal?

cash-positive, but 9m in cash isn't going to last long. Dividend gone, as expected. Bad news, on bad news. The management's 20% cut is an insult to shareholders.

that caught me by surprise, but it's a good sign for the future.

Biffa's high debt is going to make this a tricky time combined with an almost total loss of commercial income because of the shut down. No wonder they were quick to cancel the dividend. Not sure where this will stop, so I'll wait and see if it gets nearer the float price.

That's not so much a message of 'jam tomorrow', but a message of 'jam in the pot' but on 'the toast tomorrow'. I was wondering why people would sell on that news then I saw the big buy come in...

Even now, I reckon there's still too much bad news to come. The big question is, why weren't the executive directors watching the figures? It's their jib to ask questions.

Excellent. Only a small dip in net cash thanks to revenues rising. Debt massively down... and that's the big problem with small companies. I've started looking over on PAY and dreaming that this might go that way. The similarities in the companies aren't obvious just yet because of the revenue streams involved, but they both boast a base of a small number of shares with some large long-term holders - something I like to see in a any AIM company.

Didn't see the post, but thanks and noted. I agree - it's hard to get past the fact that they are on target to make 2 bln profit. Seems the time is ripe for a share buy back.

When dealing with the government, it's perhaps not such a bad thing for BT to point at these quarterly results and say that shareholders are already suffering from over-regulation and over-zealous OFCOM restrictions. 'Share price down, free cash down, debt rising etc ... not such a rosy picture, Prime Minister.' Then all they need to do is throw in a 20% cut in the dividend to sweeten the pot and we're off the leash... only perhaps, of course.

They are due to update the market in two weeks. The next leg up could revolve around net cash balance. This market cap would look low with cash in the bank and the technology already out there.

Lig - Check out AEO with regards to Perring.

All this interest could be because California introduced data protection legislation on the 1st Jan 2020 (to little fanfare). Some of it doesn't go quite as far as the EU, but other parts are more stringent. The rest of the US is due to follow, but most probably in different ways because of state laws. I would imagine, there'll be some horse-trading before the final shape of US data protection law are completely finalised, but I'm betting that the new rules will mean companies like PCIP are the flavour of the year. My only fear is, that someone will move on this quickly and get it cheap. After all, 43 million shares at £1 would still be cheap for the technology they are rolling out this month. Interesting times.

The Rebels have struck a major blow and the Empire will have to take notice now.

My worry about the dividend being scrapped is that it'll be more bad news in 3 months time. Uncertainty makes it ripe for the shorters. Without the yield, investment companies won't bite. Would the break up value of the assets (ex people) equate to this share price? Debatable. For me, there are too many red flags even now, so I'll be limping off the field...

I was thinking they've tried to get all the bad news out in one hit, but I can't see anything reassuring about maintaining the dividend. Did I miss it somewhere? If not, I'm nervous there's still more to come. The directors are going to have to start working for their money now.

Quite a number of trades after time yesterday. Could just be a pick up in volume ahead of the results next month. A look at the chart is positive, though. Perhaps 2.60 will be on the conservative side. Still no news where that 5% Goldman stake ended up...

by those results. I was particularly interested in the debt situation because of the expansion into the US. Pleasantly surprised to see that they soaked up the extra costs and ended up with net cash. Also that loan facility takes the pressure off. So no need for raising extra money through share issue. Not many shares in issue and a good business that's winning awards... Small fish in a pool with bigger fish. I'm in for the ride.

Impressive pitch on Capital Market Day too. I liked the bit about debt peaking next year. Results in a month. Whatever happens we keep on producing rubbish, so debt will be serviced. I'm thinking that 2.60 mark can't be far off... but I suppose it depends on the market in general and that's weak.

If they've been dumping it, surely the share price would have been going down as they sold it off. Or tanked this morning. But it has been rising steadily and it's holding now above 250. Reckon there's a good chance they've been in talks to sell 5% to someone as a block, so others have been buying in stock. Could it be the first steps into play? Not sure. Either way, there should be an announcement very soon. 5% is a big wodge to go missing.