http://www.rcg.tv

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.

Papalpower - interested in your view. Do you imagine that when the seller stops, a floor will be set and then we'll start the climb back up to nearer the placing value (over how long?), or do you see this process as causing a longer lasting setback to the SP?

Once the seller clears the price should then come back, it will be weaker, but it will come back upwards.

I would watch 118p as a key level, the seller in recent past has turned on at 118p and off at 104p.......so the question will be when it rises, will they come back at around 118p again ?

I would not like to make any predictions, however with this much stock now out in the open, it should cause a general weakening of the price.

looks like RCG has hit its support level at 99p to 1. On a PE of 11 ish with new shares taken into account!

Papalpower - thanks. Your 118p sell trigger would fit with the formation of a RHS of an inverted
head and shoulders, coming back down to 104, before heading back up and hopefully past 118 to nearer 136 (118 + 118-100) - if we can clear the seller in one more cycle.

LONDON (Thomson Financial) - Servocell Group PLC said RCG Holdings Ltd, a biometric and radio-frequency identification (RFID) security systems firm, has joined its ProActive Partnership programme. Under the deal, RCG's fingerprint access/control device technologies will potentially be used in its forthcoming range of finished locks.

Financial details of the deal were not disclosed.

market seems to keep on testing the bottom for this niffy little biometrics play. As a proud holder from march 2005 I have topped up numerous times but am waiting for the second wave.....250p by end of year!!!!

seems to be buying levels at the moment, but my problem with rcg is will people buy an fx laptop with only windows xp on not vista, i have been asking myself this question for months, am out at the moment!

Posistive update:

RCG Holdings Limited
31 May 2007


Press Release 31 May 2007


RCG Holdings Limited

('RCG' or 'the Group')

Trading Update

Strategic partnerships signed with Digital China and EuroAsia

RCG Holdings Limited (AIM: RCG), a leading global provider of integrated
biometrics and RFID security solutions, is pleased to give the following
positive update for the Group's financial performance in the first half of the
2007 financial year.

The Group has experienced a strong start to this financial year. This is
attributable to the successful launch of several of the Group's products,
including the launch of FX Secure Key into the Chinese consumer market, and the
launch of BioMirage into the South East Asian and Chinese consumer markets. RCG
has also successfully entered into potentially lucrative joint venture and
partnership agreements in the Peoples Republic of China ('PRC') and South East
Asia to drive future growth.

On 30 March 2007 the Group stated that the net proceeds of the Placing would
facilitate RCG's growth and acquisition strategy which entailed:

strengthening the Group's market position through acquisition;
developing strategic partnerships and/or Joint Venture arrangements in
the Middle East and Greater China;
establishing a regional headquarters in Malaysia; and
funding R&D and working capital to enable the Company to customise its
existing products and solutions to meet market demand.

The Group is pleased to report that, so far, it has successfully completed three
of these strategic objectives since the placing was announced on 30 March 2007.
The Group is confident of making suitable acquisitions in the short to mid-term.

Joint Venture and Partnership

The Board is delighted to announce the formation of a new joint venture with
Digital China for the exclusive provision of security applications relating to
biometric, RFID and other technologies as well as payment gateway solutions to
banks in the PRC. Digital China offers credit card services and payment gateway
solutions, facilitating and processing data related to credit card transactions
for the banking and government sectors. This is coupled with personalised
security services to ensure that consumers' personal data is handled and
transmitted securely during any given transaction. RCG will benefit from this
agreement by leveraging Digital China's client base and in being the preferred
solutions provider. Under the joint venture agreement, RCG will provide US$5-6
million of capital which equates to 10 per cent. of capital injection with the
remaining 90 per cent. coming from Digital China and its senior management.

The Group is also pleased to announce that it has agreed a partnership
arrangement with EuroAsia, an equipment supplier and installation service
provider with networks covering 30 Chinese provinces including Hong Kong. Under
the partnership agreement, EuroAsia has agreed to adopt RCG's biometric products
throughout their existing offices across the PRC.

Both, the joint venture and partnership agreements represent exciting
opportunities and are expected to make a significant contribution to RCG's
revenues. We will update the market on detailed success in due course.

In addition, the Group's proactive marketing campaign has also enhanced RCG's
strategic development in the PRC market. RCG is the Platinum Sponsor for the
RFID China Promotion, a high-profile five-month nationwide seminar and marketing
tour which is hosted by the CIITA RFID China Alliance. The tour takes place
from May to September 2007 and spans 14 major cities across China. The event
serves as an interactive platform for intelligence sharing and networking with
governmental bodies and partners in the RFID industry.

Commenting on the joint venture agreement with Digital China and the partnership
with EuroAsia, Dr Raymond Chu, CEO and Chairman of RCG Holdings Limited, said:
'Our joint venture with Digital China will bring the Group recurring revenues
from the sale of hardware and payment and trading platform services provided to
the major banks. This is an excellent opportunity for RCG to gain access to the
major banks in the PRC in providing other forms of security solutions.
Additionally, our strategic partnership with EuroAsia will significantly extend
RCG's reach into the rapidly expanding Chinese marketplace for biometric and
RFID solutions.'

Sums up my feelings, why for the first time (ever ?) is there no reference to performance against forecasts ?????
I do not hold, just watch :)

http://investorschamp.blogspot.com/2007/06/rc-group-is-it-all-hot-air-or-is-their.html

Has anyone had a look at UVEL?

I hear the write up in SCSW was not very exciting.

Along the lines of RCG being 30% ahead of forecasts in H1 (possibly due to a few orders being moved forward into H1 that were due in H2 before). If this is true it would affirm an acute awareness over the lack of performance over 2006 figures, and the ongoing effort to try to ramp things up to get better H1 figures, and hope something fills the gap in H2 of what you've moved forward into H1.

Personally I would not be impressed if this is true.

Broker forecast now of 10p for the FY, based upon an 8% tax rate.

SCSW say they are glad they said sell half in to the 130's and retain a "hold the rest" rating.

Investec figures on the 20th July are as follows :

Historic 2006 EPS 10.8p

Forecast for current year

2007 PTP 24.09m
2007 EPS 9.99p
2007 DIV 0.59p

Forecast for 2008

2008 PTP 25.78m
2008 EPS 10.21p
2008 DIV 0.66p

I have taken a shorter term trading position here, on todays news of results later this month.

Edison note out today.

DCF valuation of 141p - they note the problem of Nina Wang and suggest this is the main cause of the present discount.

http://www.edisoninvestmentresearch.co.uk/

.

Come on RCG, lets start that pre-interims rally going.

14 trading days to interims, go to start to move soon, I hope :)

Well, looks like its started, +6.9% today, and a strong buyer putting 15K's on the bid side.

Of late the seller has not been filling them, so it looks like potentially the seller is either out, or waiting and allowing a rise into interims now.

Interims will be 30th August (and the guidance is "significantly ahead" ref the trading update).

Starting to move back up again now, ahead of interims (due Thursday 30th August) which are to be ""significantly ahead" we were told in the last teading update.

Can it break back up through 100p on the back of the results ?

Cash in the bank is large, to say the least, and if you remove cash from the market cap, they now have an EV PER of around times 6, might even be down to around times 5 now.

Break though 90p bid price........could be the buy signal for next weeks results.