Business
Update for Quarter Three
Update for Quarter Three.
About this update from Tooru Plc
[{"type":"text","content":"\n \nRNS Number : 4035H RiverFort Global Opportunities PLC 15 November 2018 \n\n \n15 November 2018\n \n \nRiverFort Global Opportunities plc\n \n(\"RGO\" or the \"Company\")\n \n \nQuarterly update as at 30 September 2018\n \nRiverFort Global Opportunities plc is pleased to provide a quarterly update to 30 September 2018.\n \nHighlights\n· Over £1.8 million now invested in RiverFort-arranged opportunities by the period end, increasing to around £2.7 million to date \n· Profitable Q3 performance continuing on from Q2 results\n· Majority of investments now in debt and equity linked debt investments\n· Investment income comprises cash fees and interest plus realised/unrealised gains/losses on the equity portfolio\n· Substantial cash balance available for further investment \n· Post period end, the Company's name changed to RiverFort Global Opportunities plc and £500,000 in additional funds were raised\n \nChairman's review\nThe progress made at the interim stage for 2018 has continued apace into the third quarter of the year, with Q3 representing another profitable quarter for the Company.\n \nThe Company's net income comprises both unrealised and realised gains/losses from its equity portfolio, along with income from the RiverFort-arranged investments that principally comprises fees and interest. The analysis of income for the period is set out below: \n \n\n\n\n\n \n\n\n \n\n\nQ3 2018 \n\n\nQ2 2018 \n\n\n\n\n \n\n\n \n\n\n£\n\n\n£\n\n\n\n\nExisting equity portfolio\n\n\n \n\n\n(103,172)\n\n\n(62,105)\n\n\n\n\nRiverFort-arranged investments\n\n\n \n\n\n182,855\n\n\n181,241\n\n\n\n\n \n...