Riverfort Global Opportunities (RGO)

Sector:

Financials

Index:

FTSE AIM All-Share

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

RiverFort investment Smarttech247 to list on AIM

By Josh White

Date: Thursday 01 Dec 2022

LONDON (ShareCast) - (Sharecast News) - RiverFort investee Smarttech247 announced its intention to list its shares on AIM on Thursday, as its raised almost £3.7m.
The company said Smarttech247 had raised £3.67m of new funds to support its continued expansion into new products and geographies, as well as the development of its proprietary technology and for general working capital purposes.

Its directors said they believed a listing would give the firm "greater visibility and credibility" in overseas geographies, including the United States and Europe, and would support its growth plans in the short- and the long-term.

Smarttech247 recently launched two new proprietary security software-as-a-service products, 'VisionX' in June and 'ThreatHub' in August.

It described VisionX as an automated security operations centre platform, offering 24/7 proactive threat detection and response using cloud data analytics, machine learning and an incident response capability.

VisionX had won two multi-year contracts within months of launch, one of which was with a US-based Fortune 500 company.

Admission was expected to take place on or around 15 December, with RiverFort investment director Nicholas Lee joining the board of Smarttech247.

"We originally made our investment in Smarttech247 in May 2021 and we reported in our interim results in September that the company was actively progressing a listing," said non-executive chairman Philip Haydn-Slater.

"We are therefore very pleased that it has now formally announced its intention to list, particularly against the background of the current testing market conditions for new listings.

"This is clearly a function of the quality of Smarttech247 - we look forward to updating the market further once the Smarttech247 shares commence trading in the next couple of weeks."

At 1004 GMT, shares in RiverFort Global Opportunities were up 14.29% at 0.8p.

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 0.73
52 Week Low 0.23
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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