Red Squared Share Discussion Threads

[emergin] 03/4/2007 14:34

RDS the S.P. will move up and down just now, however the door is open to buy.in just now. New contract wins Increased capacity due to partnership with Easynet connecting Red Squared to the Easynet UK backbone, via resilient links opening up access to over 20 additional data centre locations throughout the UK, for hosting of customer equipment; I have invested in RDS at sharclubuk.co.uk RDS will make more deals and they have Cash at Bank pound;951,242 to work with.

[lgpixels] 22/3/2007 14:14

RED SQUARED TO BOOM AFTER QUEIT RUN..............

[lgpixels] 22/3/2007 14:08

lots more buying today, just time before we start ticking up again :)

[lgpixels] 21/3/2007 13:42

Mark cap still only £3 million, of which £1 million is cash.

Prospects and news flow for the coming years look very posative, still well undervalued.

[aleman] 21/3/2007 11:50

Incredible volume today. I would never have guessed there would be so much interest in this one when there was so little up until just a few weeks ago.

[aleman] 21/3/2007 10:35

I'll bet the MMs got caught short and went running to the directors. If that's the case there will be an RNS in couple of days about a sale to satisfy institutional demand.

[yump] 21/3/2007 09:30

Well this is all very interesting. I tried to get some last week at around 8p several times and certainly online £200 worth was all that was available. Now you can get loads, but can't sell them. Perhaps some stock was made available and the price is now trying to find more of a 'normal' level.

[yump] 20/3/2007 22:44

What, ramping muppets or deramping muppets ?

[aleman] 20/3/2007 17:33

That 300k T-trade looks to like a sell that was holding things back from 2:30 as per my earlier comment. There was a mark up as it was reported.

[lgpixels] 20/3/2007 16:59

Tip summary

"Revenues should grow to £3 million this year, climbing a further 10% in 2008 to £3.3 million. We expect the company to record profits of £100,000 in the current year rising to £400,000 next year. On a zero tax charge, that puts the stock on a PE of 21.4 for 2007, falling to 6.8 in 2008 assuming a tax charge of 15%. Strip out the cash and the stock is trading on an ex-cash PE of 4. Red Squared has no debts and therefore has an enterprise value of £1.4 million. A realistic valuation for an IT services company on AIM, we believe is 15 times earnings and on that basis, we should see the shares hit 16.5p over the course of the coming year. Buy."

[lgpixels] 20/3/2007 15:25

should easily be over 12p by the end of the week, anybody would be crazy to sell at these level. would expect 30p in the long term.

[aleman] 20/3/2007 15:01

Are they bluffing? They dropped the bid just before that 25k at 9p showed, but that is a buy from earlier. It will be two hours before we know if a sell at 9p has actually come through.

[aleman] 20/3/2007 14:56

I don't call 8.5/10.5 making a market.

[lord santafe] 20/3/2007 14:50

bid fell 1p from 9.5p to 8.5p. Glad I was not tempted at 9.5p.

[aleman] 20/3/2007 14:42

We hit 10p intraday before, but any more is a breakout.

What is driving the buying. Is UK analyst well followed?

It could be the suggested bid. Only £1.5m after cash, and an interesting introduction to new customers for another software company.

[aleman] 20/3/2007 14:14

This could get very interesting. There is a gap up to 18p. If the market decides that 10x£400k profit is a reasonable rating and ads in £1m cash, guess what the £5m market cap then equates to.

[philjeans] 20/3/2007 14:02

Yump - try CCH; fallen back hugely from recent spike; growing very, very fast and producing big profits.

[aleman] 20/3/2007 13:44

Ping! Can't buck the market. And still cheap on a £400k profit forecast.

[lgpixels] 16/3/2007 13:59

maybe the market makers are short of stock, so trying to keep the price down.

[aleman] 16/3/2007 11:53

A couple more today. I would have thought there was a sell in the background, but limiting buy sizes suggests otherwise, so when is it going to tick up then?

[lgpixels] 15/3/2007 17:58

all buys today, this one should tick up very soon.

[aleman] 15/3/2007 16:44

Yump - not as cheap as it was last year, but long term growth from a very good simple business model should see JCR make excellent progress over 2-5 years. Just read the thread. It is fairly informative and will give more confidence about where things are going. I've met the board and it is my biggest holding.

[randsys] 15/3/2007 16:18

Well 'normally' a demand in excess of supply results in a price increase! :-)