----- Original Message -----
Sent: Friday, October 03, 2003 12:44
PM
Subject: Re: [sharechat] RMG - up 24% at
1:30
You might want to check the momentum of ASX -
IMC.
----- Original Message -----
Sent: Friday, October 03, 2003 11:42
AM
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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