Forum Archive Index - October 2003

["Martin Ryan" <martin.ryan@slingshot.co.nz>]

Where can you find out the number of buy and sell orders?

-----Original Message-----
From: sharechat-owner@sharechat.co.nz
[mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Shayne King
Sent: Friday, 3 October 2003 1:43 p.m.
To: sharechat@sharechat.co.nz
Subject: [sharechat] RMG - up 24% at 1:30


It may actually be that RMG is finanlly on the move. Have hovered around 3c
- 4c for the last year after their huge tumble from 25c. After looking at
their latest financials it appears they have managed to obtain a very
realistic team eg make it no secret that the last year has been extremely
bad, also note that revenues have been spiralling downwards and hit hard in
the last year. Cashflow still very poor and only managed to stay positive
due to issue of more shares/convertibles/options. Liquidity is very poor
0.4, however since dec 00 has averaged 0.8. Revenues are down by 32%
compared to last year. However, what amazes me is that with all this doom
and gloom they have still managed to win significant contracts eg National
Aus Banks 92m of debt, debt recovery contract with telstra (3year).
Still a highly risky stock however could show promise if you want to buy
into managements realism.

Also to note, at 1:30 today they had 500,000 buy orders with no sell order.

regards
shayne

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