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Trading Update

14 Apr 2021 13:14

RNS Number : 4814V
RiverFort Global Opportunities PLC
14 April 2021
 

 

14 April 2021

RiverFort Global Opportunities plc

("RGO" or the "Company")

Trading update

On 21 December 2020, the Company announced its Q3 update for the period to 30 September 2020 which demonstrated positive trading by the Company for the first nine months of 2020. The Company is currently preparing its financial accounts and is proceeding with its audit process for 2020 and it is currently expected that its 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.

In recent months, the Company has seen continued investment activity, however, equity markets have been buoyant and have therefore provided greater funding competition to the structured funding and investment products usually provided by RGO. Whilst RGO is still actively making this type of investment, the Company believes that going forward into 2021, it may become more difficult to access structured investment opportunities with the requisite balance of risk and return.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

For more information please contact:

RiverFort Global Opportunities plc

+44 20 3368 8978

Philip Haydn-Slater, Non-executive Chairman

Nicholas Lee, Investment Director

Nominated Adviser

+44 20 7628 3396

Beaumont Cornish

Roland Cornish/Felicity Geidt

Joint Broker

+44 20 7186 9950

Shard Capital Partners LLP

Damon Heath/ Erik Woolgar

Joint Broker

+44 20 7562 3351

Peterhouse Capital Limited

Lucy Williams

 

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Date   Source Headline
1st Feb 20107:00 amRNSChange of Adviser
23rd Nov 20097:00 amRNSPlacing and Appointment of Directors
30th Sep 20097:00 amRNSHalf Yearly Report
24th Jul 20099:39 amRNSUpdate
30th Jun 200911:58 amRNSAGM Statement
5th Jun 20097:00 amRNSFinal Results
23rd Feb 20097:00 amRNSContract
15th Dec 20087:00 amRNSINEOS ENTERPRISES 10 YEAR AGREEMENT
10th Dec 20085:19 pmRNSNew Accounting Ref Date
28th Nov 20085:00 pmRNSInterim Results
19th Aug 200811:45 amRNSResult of AGM
1st Aug 20087:00 amRNSChange of Adviser
17th Jun 20087:00 amRNSFinal Results
17th Apr 200811:03 amRNSStrategic Partnership
30th Nov 20077:00 amRNSInterim Results
27th Nov 20074:52 pmRNSDirectorate Change
28th Sep 200711:23 amRNSRe Agreement
17th Aug 20075:11 pmRNSAIM Rule26 Information
9th Aug 200710:19 amRNSPlacing
3rd Aug 200712:26 pmRNSHolding(s) in Company
27th Jul 20071:12 pmRNSPlacing
27th Jul 20071:07 pmRNSAGM Statement
26th Jun 20077:01 amRNSDirectorate Change
22nd Jun 20074:06 pmRNSFinal Results
8th May 20077:01 amRNSSuccessful Trial Plantation
2nd Feb 20077:00 amRNSReview of Operations
19th Dec 20069:47 amRNSTotal Voting Rights
24th Nov 20067:30 amRNSInterim Results
2nd Oct 20067:30 amRNSDirectorate Change
28th Jul 20069:08 amRNSChange of Nomad and Broker
23rd Jun 20067:00 amRNSFinal Results
19th May 20069:28 amRNSNotice of Results
9th May 20067:30 amRNSTrading Update
8th Feb 20067:00 amRNSBoard Appointment
6th Feb 20067:00 amRNSSecond order secured
9th Jan 20067:00 amRNSInitial Order
28th Nov 20057:00 amRNSInterim Results
25th Nov 20058:00 amRNSCancellation
2nd Nov 20057:00 amRNSPR Adviser & notice of result
27th Oct 200512:30 pmRNSTransfer of Listing to Aim
27th Oct 200512:30 pmRNSSch 1 - Caldwell Investments
10th Oct 20051:10 pmRNSTransfer to AIM
18th Aug 20055:14 pmRNSNinaSun at Majestic Hotel
8th Aug 200512:29 pmRNSNinaSun - Dewsbury on Sea
1st Aug 20052:53 pmRNSHolding(s) in Company
29th Jul 20052:08 pmRNSHolding(s) in Company
21st Jul 20055:44 pmRNSRights Issue Result
29th Jun 200512:45 pmRNSRights Issue
20th Jun 200510:38 amRNSNinaSun launch diner/recliner
27th May 200511:39 amRNSFinal Results

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