Share Name Share Symbol Market Type Share ISIN Share Description
Redcentric LSE:RCN London Ordinary Share GB00B7TW1V39 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -0.53% 93.00p 93.00p 93.25p 94.00p 92.00p 93.50p 390,920.00 15:24:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 109.5 7.4 3.6 25.7 136.86

Redcentric Share Discussion Threads

Showing 826 to 846 of 850 messages
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DateSubjectAuthorDiscuss
13/1/2017
12:40
I don't think anyone's sweeping anything under the carpet , that's why Nabarro have been taken on. I can't see the point of wasting their time with stating the bleeding obvious.
cloudwars
13/1/2017
11:53
I have no intention of "knocking" RCN: I think the right actions have been taken so far and the future looks decent but, as a shareholder, I want to make sure that the company recoups as much as it can and that guilty parties don't get away with it. For our future protection it is vital that misdeeds or negligence aren't just swept under the carpet.
marben100
11/1/2017
21:36
The last thing we need is uncertainty. The fall guy has left the building and perhaps MXC should look at their disposals and purchases but we need to look forward, steady the ship and have a period of sustained confidence building in both the company and share price The truth will out but let's not knock RCN anymore at the moment.
cloudwars
11/1/2017
20:04
My letter to Chris Cole includes the following: "...The recently published interim results shed some light on the findings to date. However, they still leave a number of unanswered questions. These questions include: • Understanding better how timing differences could have led to such a significant misstatement of net debt. • Establishing where within the organisation the incorrect entries occurred. • Why standard audit procedures did not detect discrepancies between book entries for receipts and bank statements..."
marben100
11/1/2017
18:32
marben 100 - good luck with your actions. fwiw to me the most disturbing bit of the November bombshell was "The Board also believes that the underlying net debt position at 31 March 2016 was materially higher than as reported". Those a/cs were signed off by PricewaterhouseCoopers who were paid £126k to do so on behalf of the shareholders. Now you might be able to hide a fistful of invoices from the auditor to reduce the 'payables' but I would have thought that net debt was one of the most verifiable figures by checking bank statements. They have some explaining to do. It also adds to the argument that auditors should be changed every so often.
sharw
11/1/2017
13:13
I am leading a campaign at ShareSoc to investigate events at Redcentric and, if possible, seek action. Aggrieved shareholders can sign up here: hTTp://www.sharesoc.org/redcentric.html Yesterday, I sent a letter to chairman Chris Cole, requesting a meeting. I do not intend to just let this lie and let any guilty parties get away with rooking investors. I remain a shareholder in Redcentric myself and have not bought or sold since the November 7th announcement. I did add to my position in the weeks leading up to the announcement, as the shares appeared good value to me then. Mark B
marben100
11/1/2017
11:29
Stock broker FinnCap has restored forecasts on SME communications and IT services supplier Redcentric (RCN:AIM) after the company's accounting kerfuffle in November 2016. After crunching the numbers analyst Andrew Darley has slapped a 117p target price on the stock, roughly 26% up from the current 93p level
chimers
11/1/2017
11:28
Forecasts restored re Finn cap 'Having withdrawn original forecasts with the initial revelations, we reintroduce amended forecasts, assuming that the forensic accounting investigation has uncovered the issues, and having been corrected, that second half 2017 performance (to 31 March) continues to replicate performance in the first half (to 30 September 2016), as management guidance indicates,' the analyst continues. FinnCap's latest forecasts Redcentric reported interim results just before Christmas, on 23 December. These showed 5.9% recurring revenue growth - 1.9% organic - to £44.7m. That means 84% of otherwise broadly flat revenue of £53m, with 38 new clients and key wins in the half. That last point about new customers is important because there had been worries that new customers would be reluctant to commit to doing business with the company given its problems. Concerns that Redcentric's struggles could even spark a mass exodus of existing clients equally appear wide of the mark. The share price stubbornly refused to budge on the day, staying largely flat at 84p, although some progress has since been made.
chimers
23/12/2016
07:53
Board changes Tony Weaver stepped down from the Board as Non-Executive Director on 1 November 2016. Tim Coleman resigned from the Board as CFO on 7 November 2016. No thanks to the directors booted out The Group's restated net debt position as at these dates was not representative of the underlying position as creditors had been significantly stretched at these dates. The average month end net debt position over the eight month period to 30 November 2016 was £42.0 million and better reflects the Group's underlying net debt position over the period. Management are focused on improving the Group's billing and debtor collections processes and it is expected that as this materialises net debt will reduce. WTF
opodio
23/12/2016
07:26
Great RNS onwards and upwards
mister md
22/12/2016
18:02
well my bottles crashed, ive made another 6%,in 2 weeks, which is in addition to my 38% i made before. Today i thought 4% up, everybody buying, so i will sell. Lets see if ggbarabajagal is correct tommorrow. Im off to Seville for Xmas so not able to monitor so easily. Feliz Navidad-
arnietwo
22/12/2016
13:17
Bit late for de-ramping isn't it ? In full recovery mode now, good luck to all longs ;)
mister md
22/12/2016
11:37
I have a feeling the losses and revaluation of assets are going to be nastier than they have let on news before the end of year, probably tomorrow just when the market closing early cos they will want to hide it and next week it will open sharply down and you will be crying over your turkey The cumulative overstatement of net assets and profits after tax up to 30 September 2016 is approximately GBP20.8 million. The board need to walk
ggbarabajagal
22/12/2016
11:19
What an Opportunity. Think about it. Redcentric was listed on the AIM Market in April 2013. It finished it's first week of trading at 85.5p. Since then it has grown exponentially and shows every sign of continuing to do so. However due to an anomaly caused by some accounting indiscretions you can currently buy the shares cheaper than you could in April 2013 at 81.5p. Always look forwards. Never look back.
cg8riverside
22/12/2016
11:18
Charting perspective.. . .Hourly, 2 hourly and 4 hourly charts now all looking primed to begin the next leg higher. If you're not in here yet now would be the time to hop on board as the train is about to leave the platform.
cg8riverside
22/12/2016
10:22
REDCENTRIC WINS NEW CONTRACT WITH SILENTNIGHT 15 December 2016 Leading managed service provider Redcentric is today announcing a partnership with Silentnight to support the bed manufacturer’s drive towards becoming a more agile business.
rem108
20/12/2016
18:06
40p again on the next warning ?
dlku
20/12/2016
16:43
like cg8riverside i just cannot see why this should go less as he says there has been many institutions buying millions !! If i lose money on RCN im going to give up share dealing.
arnietwo
20/12/2016
14:43
And like magic L2 just started looking blummin lovely again. Big buys filling it up nicely.... Here we go. Put your seat belt on!
cg8riverside
20/12/2016
14:43
Looks like another good entry at these prices. Just snapped up another £2000 at 80.6p. I think if it was good enough for Coltrane at 90p+ only a week or so ago and various other II's continue to add in large swathes then can only see One Direction for RCN from here. From a charting perspective we've now pulled back to the 20dma on the hourly chart and look ready for the next kick higher as this week goes on. This will double at least in the next 12 months.
cg8riverside
20/12/2016
09:58
larva = the best contrarian indicator on advfn !
mister md
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