Listed on Aim last week on the 11th March and broker Numis, yes Numis raised 7 million by the way of a placing. A placing I add that was over 2 times oversubscribed at only 120p per share, the present market price being 127p, and you can buy within the spread if you have a decent broker.
The firm was founded in 1999 during the dot com boom, and set up a Multiserve Platform that enables interaction between organisations and their users.

This is indeed effective for mobile, internet, picture, text, voice and web applications.

The company works by receiving information requests, identifying the type of device making the request and delivering content in a format that is compatible. This includes, sports results and ringtones, as wellas the distribution of marketing messages.

Now what is the cutting edge over rivals such as Itouch and stream?????????, well this company as the ability with its product offering to make micro payments and it can even give life information on income generated from customers. I hear you saying WOW, yes WOW indeed.

The company works with all the major networks, and secures revenues from services, development and transactional fees.

Financials

In the year to 31st of August 2003, sales trebled to 4.6 milion and profits of 453,000 were achieved so you can see there is one big mark up with this company.

The company at the moment is now enjoying revenues of over 700,000 a month due to new contract wins and an expanding market.

The company as opened an office in Atlanta in the US and the funds raised will allow roll out of it services adding marketing muscle and increasing capacity.

Theres not much news flow on this company at the moment but now I feel is the time to climb aboard before the herd are climbing all over this one.

Medium term speculative buy, and please DYOR you are responsible for the timing of your buying and selling actions.

cheers GF.

Thanks GF for this interesting info. Have you added this one to your portfolio yet? Regards, Amber

Have now amber, thanks for the reminder.

cheers GF.

Taken from our competitors site..........


the prospectus mentioned a number of customers, amongst them Marconi. I understand that this could be a significant contract for 2ergo, I'm sure once the dust settles from the listing we will get some up-dates and news-flow from 2ergo, wouldn't surprise me if Marconi featured in those.


cheers GF.

ticking up a little bit today
-these are on a roll, revenue wise....revenues and profits both set to increase sharply over next few years.
-interesting to see, from the prospectus, that 2ergo's client base includes the likes of Vodafone, Orange,MMO2, T-Mobile, Virgin Mobile and marconi.
-not a bad customer list!

cheers GF.

these are worth picking up before news-flow starts
been told these are better than I-touch, Sream and Eckoh Technology combined
Reason being they have developed all their own software solutions in house.

Heard more or less the same thing from a tech expert myself notlob. Good luck with your investment.

cheers GF.

Good rise in the sp today for this little gem, anyone have any idea why ?

No but thanks for notifying the board. Sold out of these about 6 month back due to lack of news flow. Will have to have another look. Thanks again.

cheers GF.

Flying ahead today, must be some positive news on the way.

I am wondering if this might be a better long term bet than SEA. Nice rise in SEA but tailing off while RGO is doing well--maybe some news??

Up today on good trading statement, upgraded by Numis, raised its target price and said 'BUY'. 100% year on year organic growth over last five years and today confirmed H1 likely to exceed market expectations.

FLYING TODAY

phil.b - do you have any idea what Numis' target price was raised to (and from, if possible), please??

thanks in advance
ab7

Nice to see this one motoring forward recently.

A brief note on the strangely named 2ergo (RGO), which reported full year results this morning (see http://tinyurl.com/yc3mzg ).

2ergos offering is Multiserve, a platform that enables convergence between fixed-line telecoms, SMS messaging, and the internet (see http://www.2ergo.com ).

The shares seem expensive but management is excellent, growth is high, and the Company always seems to beat expectations.

This morning they reported pre-amortisation eps of 8.82p (+85%), very close to Teather and Greenwoods estimate of 8.95p for the current financial year ending 8/07.

The results also disclose the intention to float 2safeguard, an encryption protocol which safeguards mobile transactions.

When 2ergo bought 2safeguard 14 months ago it said that "upon first discovering this protocol we believed we had found the most important missing piece from the mobile industry. It has taken over six months to complete negotiations and exhaustive due diligence with patent lawyers. We are delighted to have now purchased a new protocol that I believe to be one of the biggest breakthroughs in the mobile industry to date" (see RNS at http://tinyurl.com/ymqzcp for more information).

Teather and Greenwood were equally complimentary, describing 2safeguards potential as transformational. T&Gs forecasts do not include contributions from 2safeguard but they say that the potential market for a successful product of this kind is substantial. Initial indications are that this product is already attracting significant interest. Their 9/06 note is at http://tinyurl.com/ym97mb .

Ive got no idea what 2safeguard will be worth when its floated off early next year but Id guess its got to be a significant chunk of RGOs current market cap of 65m.

Worth keeping an eye on.

http://business.guardian.co.uk/marketforces/0,,1671492,00.html

Strong annual results from text messaging to mobile video services group 2ergo helped shares in the company gain 9p to 229.5p but market watchers were more interested in the group's announcement that it is going to spin out what some believe could be its most valuable asset.

The company has been developing a technology platform called 2safeguard which it reckons will provide the entire mobile industry with a new protocol to deliver secure payments and communications - making mobile commerce more secure than the existing credit card chip and PIN system. As Neale Graham, joint managing director, says: We think it is the Holy Grail in terms of mobile commerce.

Alongside potentially turning absolutely any mobile phone on absolutely any mobile network into the equivalent of a secure credit card, 2safeguard could be used by banks worried about online banking fraud.

Several high street banks are already testing something called two-factor digital authentication. Rather than relying on just a username and password to access an online account, some banks have been seeking to supply customers with devices that produce single use security codes. These codes must be entered alongside a customer's username and password - hence two-factor authentication. Such devices - typically a keyring-sized LCD display that shows a series of regularly changing numbers - are widely used by companies that grant employees access to their secure office network while on the road.

It is understood that 2safeguard is in talks with a number of banks about using mobile phones instead of keyrings to supply these codes.
The exact details of the demerger - slated for early next year - will not be out for a couple of weeks but 2ergo and its existing shareholders will retain a majority stake in the business. There is also likely to be a secondary fund raising.

Perhaps most intriguing will be the valution that is placed on 2safeguard. The business has not been included in the City's estimates as its technology has been in the development stages. As Teather & Greenwood pointed out in a note: This product has the potential to be transformational for 2ergo, yet because it was still in the development stages we had not yet been able to place a valuation on the product. A listing would inevitably force a valuation.