Riverfort Global Opportunities (RGO)

Sector:

Financials

Index:

FTSE AIM All-Share

 0.075p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.097p
  • 52 Week Low: 0.065p
  • Currency: UK Pounds
  • Shares Issued: 6,789m
  • Volume: 595,795
  • Market Cap: £5.09m
  • RiskGrade: 580

Paternoster Resources discloses major new shareholder

By Ikaba Koyi

Date: Wednesday 20 Sep 2017

LONDON (ShareCast) - (ShareCast News) - Paternoster Resources, an oil and gas investment company, disclosed a new major shareholder on Tuesday even as it posted a larger loss after tax than a year ago.


The company announced GAEA Resources, a palm oil trading specialist which has experienced tremendous growth since 1990s, had joined its shareholder register.

That was despite turning a loss after tax of £793,959 for the six months ended June 30, compared to a profit of £443,582 over the same period of 2016.

At period-end, the company's net assets stood at £2.8m in contrast to £3.6m as of 31 December 2016, principally due to the fall in Plutus PowerGen's share price.

Nicholas Lee, the chairman of Paternoster commented: "A number of the companies in Paternoster's investment portfolio have been very active. Overall, the Company's net assets have decreased during the period, principally due to the fall in the Plutus PowerGen share price as a result of uncertainty surrounding the statement by OFGEM with respect to TRIAD payments to local embedded power generators."

"Plutus, however, is confident in its business model going forward and its share price has since recovered significantly, increasing by over 25% at the period end from its low point during the first quarter of 2017.

"Furthermore, since the period end, the Plutus share price has increased by a further 60%, adding over £400,000 to the Company's net assets.

"Ortac Resources has been restructured and refocused and, since the period end, Paternoster has now received shares in i3 Energy Limited via its investment in Glenwick plc, and these shares are now listed."

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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 0.075p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.097p
52 Week Low 0.065p
Volume 595,795
Shares Issued 6,789m
Market Cap £5.09m
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
52.89% below the market average52.89% below the market average52.89% below the market average52.89% below the market average52.89% below the market average
58.9% below the sector average58.9% below the sector average58.9% below the sector average58.9% below the sector average58.9% below the sector average
Income Not Available
Growth
72.58% above the market average72.58% above the market average72.58% above the market average72.58% above the market average72.58% above the market average
75.21% above the sector average75.21% above the sector average75.21% above the sector average75.21% above the sector average75.21% above the sector average

RGO Dividends

No dividends found

Trades for 28-Jan-2020

Time Volume / Share Price
14:24 500,000 @ 0.073p
11:20 95,795 @ 0.073p

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