Market's view on Riverfort
Published on April 2024
- One stock watcher mentioned the company as a lifestyle entity, implying it has no substantial business model beyond that descriptor.
- A discussion about Brian, presumably a management figure, highlighted his negative reputation due to prior business dealings, specifically mentioning a lowered reputation from his involvement with Pluto and subsequent dealings with Smartech.
- There are accusations thrown at Brian for dishonesty and for being detrimental to shareholder trust and the reputation of the AIM market.
- The company’s Net Asset Value (NAV) was reported to have been downgraded to 1p, indicating a possible decline in the financial stability of the company.
- Concerns were raised over the transparency of the company’s debt and equity-linked portfolio, with a call for more detailed disclosures.
- A significant sell-off was observed with a large volume of shares traded, leading to speculations of major stakeholders possibly offloading their shares.
- A parallel was drawn between Riverfort Global Opportunities PLC and Riverfort Global Capital Limited, suggesting a close relationship likened to “twin sisters,” albeit with clarifications on corporate roles and responsibilities.
- The future strategy discussed includes delisting possibilities, securing new funds, and supporting current investments which could potentially charge high fees.
- Mention of the company’s share being at a significant discount to NAV despite the high administrative and advisory costs.
- Discussions also included a shareholder, Shakoor Capital Ltd, holding a substantial number of shares.