Red24 Share Discussion Threads

[cheshire man] 01/7/2015 11:18

Expansion news into north America on the way maybe????,,,,,,,DYOR

[janeann] 01/7/2015 10:44

well quite a bit tick; I vaguely recall seeing this mentioned over the wk end - perhaps the telegragh. Meant to read it but never got back to it.

[cheshire man] 01/7/2015 10:15

Ticking up this morning :-)

[cheshire man] 22/6/2015 10:13

Same here playful :-)

[playful] 22/6/2015 10:06

My confidence in this little company is being well rewarded...

[cheshire man] 22/6/2015 09:19

Nice turn on the chart :-)

[battlebus2] 11/6/2015 18:01

Doubled my money here in just over seven months, only bought 38k but hey it's a lot higher to go....glah.

[anumidium] 11/6/2015 17:50

If you look back you will find that the price of these has moved before in advance of results/news.

[interceptor2] 11/6/2015 11:16

Now we know the reason for the rise yesterday, a slightly leaky ship?

Still very good news here today.

[someuwin] 11/6/2015 11:08

Looks very good.

[battlebus2] 10/6/2015 15:18

Rocket fuel :))

[interceptor2] 08/6/2015 09:10

Very good results here this morning imo.

Bought an initial position.

Even more impressive when the 2014 contract loss is taken account of, it was estimated at the time the effect would be for financial year £500k revenue and £250k PBT, but more than made up for.

I should have bought in here earlier when they released the last trading update.

Good to see you here battlebus, we aren't sharing many investments at the moment.

[battlebus2] 08/6/2015 07:13

Here's why :))

Financial Highlights:

· Revenue from continuing operations increased by 1% to £5,947,246 (2014: £5,886,707)

· Profit before tax up 25% to £1,066,398 (2014: £854,905)

· Cash balances up 48% to £3,417,956 (2014: £2,302,577)

· Dividend payment for the year increased by 11% to 0.50p per share (2014: 0.45p). Final dividend of 0.27p per share recommended (2014: 0.23p).

· Basic EPS from continuing operations up 38% to 1.83p (2014: 1.33p)

Operational Highlights:

· Cost reductions and improved levels of new business led to record profit before tax.

· Improvements to Red24 Assist and the travel tracker product were well received ensuring new business wins

· Awarded "Risk Management Firm of the Year, 2015" (Finance Monthly)

· Post year end, exchanged contracts for the acquisition of RISQ Worldwide Pte. Ltd. ("RISQ Worldwide") to enhance business in Asia and broaden the product offering in London.


Simon Richards, Chairman, commented:

"During this last year, we have shown that our business is both robust and flexible, and it is a tribute to our staff that we have been able to deliver record profits before tax, in what was a testing period. We have added new business contracts world-wide, improved our key products and strengthened our position in the competitive global business of crisis assistance. I am looking forward to the next 6 to 12 months for red24, and, having recently announced the acquisition of RISQ Worldwide, I believe it will be an exciting period for our business and a rewarding one for our shareholders."

[anumidium] 06/6/2015 19:08

Some interesting action yesterday - all but two of the trades during the last 20 minutes taking us close to all time highs. Can't help but think this bodes well for the FY results...

[cheshire man] 01/6/2015 12:43

Thanks for that ic;-)

[mctmct] 01/6/2015 09:42

It looks an excellent acquisition, and the directorship and earn-out should lock in the key staff until the goodwill has been absorbed by REDT. I'm surprised that the price hasn't moved this morning yet. (I'd buy more myself, but I already have 100,000).

[cheshire man] 01/6/2015 08:13

All good for REDT IMO

[battlebus2] 01/6/2015 07:08

Acquisition of RISQ pte.

[anumidium] 17/5/2015 14:46

I think that is right dangersimpson. It seems likely that the ability to recover quickly from the loss of the HSBC contract will persuade the management that there is good growth potential.

[cheshire man] 14/5/2015 13:26

Yes you may be right bb !

[battlebus2] 14/5/2015 13:11

Maybe in shares as it was on of their naps for the year.

[cheshire man] 14/5/2015 12:29

Good to see this move :-)