Riverfort Global Opportunities (RGO)

Sector:

Financials

Index:

FTSE AIM All-Share

 0.55p
   
  • Change Today:
      0.000p
  • 52 Week High: 9.00
  • 52 Week Low: 0.50
  • Currency: UK Pounds
  • Shares Issued: 678.93m
  • Volume: 377,470
  • Market Cap: £3.73m
  • RiskGrade: 580

Paternoster Resources bits off chunk of Palemos

By Josh White

Date: Thursday 11 Aug 2016

LONDON (ShareCast) - (ShareCast News) - Paternoster Resources announced on Thursday that it has acquired 375 million shares in Polemos at a price of 0.04p per share from existing shareholders, for an aggregate consideration of £0.15m.
The AIM-traded company said this represents a shareholding in the company of 24.6%.

It said the consideration of £0.15m will be satisfied by the issue of 93,750,000 new ordinary shares in Paternoster.

"This investment provides Paternoster with a significant interest in an AIM listed company with a cash balance at an attractive valuation," said Paternoster chairman Nicholas Lee.

Based on the balance sheet as at 31 December and the proceeds from two placings that took place during 2016, Polemos is estimated to have cash or cash equivalents of around £0.4m.

The current market capitalisation of the company is £0.61m, Paternoster reported.

Polemos is an investment company with an investment strategy which, in particular, includes a focus on the natural resources sector.

For the year ended 31 December 2015, the company reported a loss before taxation from continuing operations of £0.149m.

Email this article to a friend

or share it with one of these popular networks:


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 0.55p
Change Today 0.000p
% Change 0.00 %
52 Week High 9.00
52 Week Low 0.50
Volume 377,470
Shares Issued 678.93m
Market Cap £3.73m
RiskGrade 580

RGO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
98.66% below the market average98.66% below the market average98.66% below the market average98.66% below the market average98.66% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth Not Available

RGO Dividends

No dividends found

Trades for 31-Mar-2020

Time Volume / Share Price
11:20 343,801 @ 0.58p
11:19 16,215 @ 0.58p

Top of Page