Riverfort Global Opportunities (RGO)

Sector:

Financials

Index:

FTSE AIM All-Share

 0.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.73p
  • 52 Week Low: 0.23p
  • Currency: UK Pounds
  • Shares Issued: 775.40m
  • Volume: 0
  • Market Cap: £1.90m
  • RiskGrade: 580

RiverFort Global Opportunities puts EUR 0.7m into Gaussin financing

By Josh White

Date: Wednesday 16 Nov 2022

LONDON (ShareCast) - (Sharecast News) - RiverFort Global Opportunities (RGO) announced on Wednesday that it is investing €0.7m (£0.61m) in a €5m debt financing package for zero-emission vehicle developer Gaussin.
The AIM-traded company said the funding package was arranged by RiverFort Global Capital, and would complement the €4m equity raised by Gaussin in October, supporting its ability to fulfil the recently-announced order book of €89.5m.

RGO said it expected to generate an investment return from the investment through a combination of interest income and equity upside through the exercise of warrants.

Gaussin has been listed on Euronext Growth since 2010, and has a current market capitalisation of about €115m.

RGO described it as a technology company that designs, assembles and offers zero-emission, smart and connected vehicles for freight transportation and people mobility for both off-road and on-road applications.

It has sold more than 50,000 vehicles globally, and specialises in the key market segments of ports, airports, logistics, people mobility, underground works and road transportation.

Customers include international companies such as UPS, Siemens, Ikea and Carrefour.

Revenue had grown "rapidly" over the last three years, and for the year ended 31 December 2021, it generated revenue of €52.8m and made a loss of €7.3m.

As at 31 December 2021, it had net assets of €24.2m.

"We are pleased to be able to invest in such an exciting technology company," said non-executive chairman Phillip Haydn-Slater.

"This funding shows how we can deploy capital in significant high-quality businesses in order to help them implement their strategy.

"We are very pleased to be involved in the funding of Gaussin at this point in its growth cycle."

At 1002 GMT, shares in RiverFort Global Opportunities were up 6.08% at 0.69p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RGO Market Data

Currency UK Pounds
Share Price 0.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.73p
52 Week Low 0.23p
Volume 0
Shares Issued 775.40m
Market Cap £1.90m
RiskGrade 580

RGO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.53% above the market average63.53% above the market average63.53% above the market average63.53% above the market average63.53% above the market average
73.08% above the sector average73.08% above the sector average73.08% above the sector average73.08% above the sector average73.08% above the sector average
Price Trend
90.9% below the market average90.9% below the market average90.9% below the market average90.9% below the market average90.9% below the market average
94.87% below the sector average94.87% below the sector average94.87% below the sector average94.87% below the sector average94.87% below the sector average
Income
6.51% above the market average6.51% above the market average6.51% above the market average6.51% above the market average6.51% above the market average
1.59% below the sector average1.59% below the sector average1.59% below the sector average1.59% below the sector average1.59% below the sector average
Growth
75.25% below the market average75.25% below the market average75.25% below the market average75.25% below the market average75.25% below the market average
66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average

RGO Dividends

  Latest Previous
  Final Final
Ex-Div 11-Aug-22 15-Jul-21
Paid 26-Aug-22 30-Jul-21
Amount 0.038p 0.040p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

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