http://www.rcg.tv

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.

607K WT trade and KBC moved off of the offer.

It might now be set for a good run into results, lets see how it moves with buys now, if the KBC are done selling (with the reporting of the 607K WT) we might see a decent move up through 100p into and after results on next Thursday.

This is a bit from the recent broker update after the H1 trading statement, all will be revealed come results on the 30th Aug :

RCG Buy 88p-Target Price 1.50

Event: RC Group has issued a positive H107 trading statement advising that results
will be ahead of market expectations. Both software and hardware sales have
contributed to the outperformance. Solution sales have been weak, but this
remains a much smaller portion of the business. Gross margins are also ahead
of expectations but some of this benefit has been absorbed by an increased
ramp-up in operational costs. This underpins the decision to move back office
operations to Malaysia.

Impact:
We expect H1 sales to be materially ahead (+30%) of our HK$423m forecast.
We have not published a full P&L interim forecast. However the company has
indicated that it is not altering its revenue expectation for H207 as this stage,
opting to take a more prudent stance. We have increased our FY07 HK$ sales
and PBT forecast by 15.8% and 13.5%, with HK$ EPS moving up 13.5%. The
weakening of the HK$ has however muted some of this upgrade with our
sterling 07 EPS forecast moving up 8.6%. We detail these changes overleaf.
Recommendation:
There is clearly considerable momentum behind the business and the 07 PE of
8.8x is far too low in our view. We see material upside and reiterate our Buy.

Headline Numbers Excellent sales traction
The H1 headline trading numbers look to be significantly ahead of our and
market estimates. We had not previously published a full H107 P&L forecast.
We expect the results to be in excess of 30% ahead of the HK$423m we had
forecast. Although gross margins are also set to be ahead of expectations, an
increase in operational costs is likely to absorb a lot of this.
The company has decided to maintain its sales expectation for H207 at current
levels. As such we were not prompted to follow through the significant H107
outperformance into H207E when constructing our new forecasts.
Nevertheless, as we highlight below, the strong H107 trading still leads to a
material FY07 upgrade. We also choose to move up our FY08 (and FY09)
forecasts, considering the increased traction the business is clearly enjoying.

thank you.

.

.

Vista logon for Fx Series announced today:

http://www.rcg.tv/press/business/280807.html

Dr. Raymond Chu, CEO and Chairman of RCG, commented: We are delighted with the launch of this product, which captures the latest market trends in mobile security running on the Microsoft Window Vista platform. In a recent announcement Microsoft stated that it has shipped 60 million copies of Microsoft Windows Vista to date and also implied that there is a growing demand for Vista compatible applications. We are confident of making substantial and sustainable developments within this market sector in the near future.

.

.

A strong Dow rally.