http://www.rcg.tv

No, you got me wrong there, I said you should compare 07 H1 with 06 H2, as you say.

H1 07 will be good, but I am suspecting a drop off in H2 07 (this due to the FX effect in H2 06, which will rollover into H1 07).

I see H1 07 results being good, but the FY will dissapoint and thats where the correction comes in, which is why Investec and CS are both forecasting lower EPS in 07 than was achieved in 06.......however I think it will not be lower, but will be around the same level (taking into account tax, shares in issue and currency changes).

Each to his own PP. I think same EPS for 2007 as for 2006 will be very disappointing and unlikely imho.

I think the investec note was aimed to stir things up a bit. My predictions are H1 07 profits 16.1million and half 2 07 profits of 23.9million (with China coming into play) includes at 7% tax rate with H1 turnover increasing 20% from 2nd half 06 and half 2 07 turnover increasing 30% from my half 1 07. Total of 40million profit, doubling EPS rate to 20p if no furthers shares are issued. Probably way OTT.
Remember it takes rcg up to 90 days to get the cash for deals done. China only accouted for 3.4% of revenue in 06, I am hopeing this should be 10% by ints and 20% by this time next year shifting away for south east asia+better middle east contribution.

updates on RCG website at the moment include order for BIOmirage contract of US$2.5 million and acceleration of expansion into China!

LONDON (AFX) - RC Group (Holdings) Limited said chairman and CEO Dr Raymond Chu has today purchased 100,000 ordinary shares in the copany at 132.5 pence each and now holds 18,170,000 ordinary shares representing 7.8 pct.

Institutional Buying yesterday from

MERRILL LYNCH INTERNATIONAL INVESTMENT FUNDS - 3.1%

&

BLACKROCK Inc - 5%

Great to see institutional buying that was proabably investec plan to remove small shareholders due to their 48 page negative note! More aqus on the way I expect due to share placing

I hear SCSW has said its time to take profits on RCG and SOLA, could see some downward pressure on both on Tuesday.

SCSW????

http://www.scsw.co.uk

more new products to be launched for Rcg check out their website about the INTEL meeting in china next week!

RCG Mentioned in the FT today:

Small Talk: RC Group bucking the trend among AIM Chinese companies - Investor support for International Biometrics Group

lots of invester support for rcg veron who ever they are have increased stake in rcg to 27%...

Veron's principal Madame Wang (wealthiest woman in Honk Kong) died on April 4. Could put that stake in play or at least in question until the succession is decided.

Rcg having a bad time of late, the Veron thing has upset the share price I am out at the moment, but RCG is still a bargain when veron gets sorted out, anyone have any good news about RCG?

argos7, I have been bearish on RCG since results (the only one at the time) and its been proven to be correct. It has created lots of agression, and to that extent I have stopped posting on the AFN thread, as too many people were becoming unrational and bordering on becoming abusive.

I posted on the TMF CQ thread prior the AGM that I though there was a seller offloading, and this still appears to the the case.

The thing of worry is that yesterday saw them speed up their selling by lowering their price. Look at Leadcom late 2006, if you get a seller who wans out quickly, they can and sometime do "dump" at any price, and this can take the SP crashing down with it.

I hope for RCG holders sakes that a seller like Leadcom had last year, is not going to give them the same frustration now.

Papal Power my stop loss in RCg was hit yesterday with the big sell of in the afternoon. I have been concerned for months that the fx laptop (30% sells) would not sell because it only runs on win xp not vista yet, they say a vista laptop will launch 2nd half! Head and shoulders top forming.........

argos, the thing that struck me, and that every poster on ADVFN seemed to ignore, was the "Statement re Share Price Movement".

At no time did Chu say "no reason for the fall"..........all they said was about the Veron episode.

If you have rose tinted specs on you miss it. If your not wearing them you see that they are clearly saying what the reason is for the fall. Obviously, IMO, some or a fund manager was really upset at the lack of transparancy, and told Chu where to go IMO, and started dumping the stock.

However, the bulls were ignoring this and saying that at the AGM Chu would make a wonderful update and all would be good and ahead of forecast then..........they clearly made people miss the message, the message was the reason for the fall was the Veron goings on..........and that is why that point was clarified in the movement RNS.

Thats what it looks like to me, as to why the seller is dumping.

IMO, DYOR !!

agree with what you said papal power. Once they have stopped dumping the stock and if trading is the same as last year if not better there should be some bargain prices b4 the ints in september.. I have taken my profit glad I put my stop loss in, and have learn a lesson! Take a guess of how fare rcg will fall?

argos, no idea if it will stay where it is, fall more, or not. Its already fallen over 30% from results. It might fall 50%, it all depends on the seller.

Presently the buying power of the bulls is being eroded, this is the way all sellers work, they start to offload stock, and the bulls buy, the offload more and the bulls buys more, when they start to dry up they move the price down, and the bulls see it as cheap and buy more.........and so on the cycle goes. How low it goes depends on two things, what price buyers are willing to pay for volume, and how low the seller is willing to go to dump stock.

Fundamentals and charts mean nothing when a seller is dumping.

Its nasty when it happens, Leadcom went through this late in 2006.

I hope for RCG holders that it does not dip down too far and for too long, but cannot say myself where its going now, that depends in the highest degree upon the seller.