http://www.rcg.tv

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/

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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.

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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.

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A strong Dow rally.

http://www.investegate.co.uk/Article.aspx?id=200708300701129730C

RCG Holdings Limited
30 August 2007

RCG Holdings Limited
('RCG' or 'the Group')

Interim Results

Continued strong revenue growth supported by
strategic geographical expansion and innovative applications

RCG Holdings Limited (AIM:RCG), a leading global provider of integrated
biometrics and RFID security solutions, today announces its Interim Results for
the six months to 30 June 2007.

The Group has outperformed and has built a solid foundation for sustainable
rapid growth during the second half of 2007, continuing through to 2008.

Financial Highlights

- 71% revenue growth to 38.7 million (H1 2006: 22.6 million) driven by an
increase in hardware sales (up 61%) and software sales (up 130%)

- Profit before tax increased to 12.1 million on the back of stronger
overall gross margin of 49% (2006 interim PBT: 6.3 million; gross profit
margin: 40%)

- EPS increased by 43% as compared to the same period in 2006, despite
dilution from the placing


Operational Highlights

- Successful innovative product launches of BioMirage and FxSecure Key
- Strengthened presence in Southeast Asia, Middle East and Greater China,
with the commission of RCG's Malaysian regional head office and the opening
of the Thailand office
- New niche RFID applications delivered in the high value areas of
anti-counterfeiting and financial industries
- Secured important channels into the People's Republic of China mass market
through continued collaboration with Digital China, a distribution
relationship with EuroAsia as distributor and several technological
alliances of the Group's biometric products
- Strengthened management with the appointment of KC Chong as the Group Chief Financial Officer.

Commenting on the results, Dr. Raymond Chu, Chairman and Chief Executive
Officer, stated: 'These results represent a significant outperformance over the
same period last year and we are extremely pleased with RCG's continued strong
progress. We believe that our technological expertise and geographical market
presence makes us the leading provider of integrated solutions for biometrics
and RFID within the industry. The steady growth of RCG's client base rapidly
improves the Group's bottom line.

'The Group will maintain its aggressive growth strategy across all business
divisions for the second half of 2007 with a focus on driving organic growth and
delivering shareholder value. Based on RCG's continued development we look with
enthusiasm into the second half of 2007.'

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