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
  +0.00p +0.00% 89.00p 88.50p 89.00p 89.75p 86.00p 86.00p 148,565.00 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 109.5 7.4 3.6 24.6 132.48

Redcentric Share Discussion Threads

Showing 851 to 872 of 875 messages
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older
DateSubjectAuthorDiscuss
20/3/2017
16:34
Be good to see some management purchases via RNS. That would show a vote of confidence that the misstated accounts are history/ old news. ( Not 'fake' news !)
wh1spa
20/3/2017
09:05
I thought that the FRC were brought in to investigate PwC over their auditing of RCN accounts? This announcement today was to be expected - as a shareholder I would like the FCA to have a look and see if there have been any shenanigans. (PwC could be hit with a big fine and have to compensate RCN...)
wh1spa
20/3/2017
08:44
H1 revenue £53m with EBITDA of £9.1m. Could fall prey to a predator.
aishah
20/3/2017
07:39
I bet you lot dont like Mondays!! You aint gonna like this one thats for sure. Ding ding...........thud.
chimers
07/3/2017
16:08
Until the parasites MXC Capital are completely out (7m of options to exercise at 80p)its just going to drift. See Richard Griffiths has a 10% stake and he's no mug. Good business trying claw its way out of a bad situation. As a long term investment/ take out proposition looks quite attractive.
smithless
04/3/2017
12:40
2012. Of course hedge funds can be by their nature activists. But apart from pure conjecture on that, where in any event is the incentive to sell or to buy the company to be found at the moment. Unless the view is taken early it's badly damaged goods ( market doesn't seem to think so currently ) and best absorbed by a willing buyer at a profit to those then calling the shots.
suneday
04/3/2017
12:22
Mandeep Manku, who previously worked at outspoken activist investor Daniel Loeb's hedge fund titan Third Point, has set up and launched his maiden hedge fund this month, HFMWeek has learned. According to a source familiar with the plans, the new firm, based in New York, is called Coltrane Asset Management
opodio
04/3/2017
11:50
Interesting to read floated ' suggestions' of takeover, on here and other site. Not gained any traction yet. What's all that based on? Why? Something to do with Coltrane? If so, Master fund for high net worth individuals, as per the usual hedge fund prospectus, with a declared interest in investing long and short ( I make no suggestion of any shorting by anybody here ) in European companies. Anything else?
suneday
03/3/2017
13:07
Today's RNS simply says that MXC has gone below 3% but their own tells a bigger story - they sold 5.3m shares. http://www.investegate.co.uk/mxc-capital-limited--mxcp-/rns/sale-of-redcentric-shares/201703031006564650Y/
sharw
01/3/2017
16:39
RCN is not the problem here. RCN is past the worst re this investigation. If anything RCN stands to get some money back if the Calyx deal is found to be not as it should have been re Tony Weavers close very close connection to both MXCP and RCN at the time this deal took place. If I were an RCN director I would be demanding that MXCP refund my company £8 million pounds as this is the amount in my opinion that RCN over-payed MXCP to obtain Calyx a company that had been stripped of £5.5m worth of its assets before the carcass was dumped.........oops I mean sold to RCN.And taking into account MXCP bought Calyx as a whole for £9m only a few weeks previously then they clearly valued Calyx at £9m. Lets be honest they couldnt even wait for the ink to dry. How on earth could RCN have done proper due diligence on Calyx within 3 weeks. We all know how long these transactions take and its usually 6 months to a year. How on earth did RCN manage to value Calyx at £12m within 3 weeks of MXCP buying it for £9m and selling part of it for £5.5 million, before then selling the rest to RCN for £12m ? "Hello Mr Weaver its MXCP here " 'Yes how can I help me oooops I mean you' "Well we were wondering if you would be interested in buying a company from us" 'Well we might be what is it and whats it worth?' "Well we want £12m for it" 'Ok that sounds fair what did you say it was called again and how did you and I come to the £12m valuation?' "Its called Calyx (remember we ran it past you when you were wearing your mxcp hat)" 'Did you ? I dont remember that' "It was a few days ago" 'Nope dont remember a thing' "Well do you want it or not?" 'Who are you again?' "MXCP your advisors" 'Well your our advisors so if you think Calyx is worth £12m then who are we to argue' 'How much did I buy it for when I was wearing my MXCP hat ?' "Why have you forgotten that as well" 'Apparently so' In a nutshell...................IT STINKS. CTP, TAX, COR,365 and MXCP ALL NEED TO BE INVESTIGATED AS A MATTER OF URGENCY .....in my humble opinion. But hey wtfdik.
chimers
01/3/2017
16:21
Interesting that the yanks are increasing ! RCN sitting duck (can ducks fly across the pond?)
wh1spa
01/3/2017
12:32
And all the others in the barn. I made especially sure of that. Its in everyones best interest.
chimers
01/3/2017
12:30
Oh they are focusing on the company ...........I made certain.
chimers
01/3/2017
11:49
MXCP reducing their holdings - there is the vote of confidence at this price!
kemche
01/3/2017
11:40
Slightly misleading there Chimers - "FRC investigates PwC's audit of Redcentric" is one of the headlines. It seems their focus is on the auditors not the company . But you carry on and put your usual spin on things.............
wh1spa
01/3/2017
09:43
@Chimers As per one of my previous posts, this company sniffs of the same tactics that was happening when I held shares in Redstone. There was so much restructuring going on in the shares that whatever you held was whittled down very quickly in a short space of time. As ive said before, if you've got them, dump them. I don't trust this company no matter whose running it or who it is now named as, redstone, redcentric, too coincidental for me, and that news piece just makes it even worse. The only reason I haven't sold my last 3 shares, yes 3, from a holding of over a 1000 a good few years ago is it will cost me more to sell than i'll get back. If they fold, so be it. Im just not getting stung with this heap of dung anymore than I already have.
capeview
27/2/2017
09:32
This presentation is worth a read from Jan Interims: hTtp://www.redcentricplc.com/media/2766/2016-17-interim-results-presentation.pdf
aishah
24/2/2017
15:43
A close at 89p or higher and it's back above the 50 and 20 day moving average.
clive205
24/2/2017
15:01
Seller looks to be finished for now - L2 looks strong now for a push back upwards.
tallprawn
24/2/2017
09:10
Bought in yesterday having been watching since Simon Thompson's article in the Investors Chronicle back in January when he recommended buying MXCP. http://www.investorschronicle.co.uk/2017/01/09/comment/simon-thompson/a-quartet-of-aim-traded-buys-GFVoN3UnwH2Zp1CgLpxC6M/article.html To me the chart looks good for an upturn. NAI DYOR etc.
clive205
23/2/2017
10:13
I've been adding here recently. This is what SCSW said in Jan when they included RCN in their 2017 Naps: • I am not convinced Redcentric (RCN; 91.5p) is a dead duck following some recent accounting misstatements. A forensic review has found over-accrual of revenues, under-accrual of costs, and inappropriate capitalisation of costs. Thorny stuff. But behind its problems is a first class business with high recurring revenue. Redcentric’s H1 revenue was £53m with EBITDA of £9.1m, which will be attractive to a predator. The largest chunk of sales is from connectivity, including LANs and WANs provisioned for blue chip customers, enabling them to connect all their various offices together. It also hosts their data on secure servers and provides 24x7x365 support. CEO bought at 92p, nice NHS contract win since. dyor
aishah
05/2/2017
18:15
It's clear there was an exaggeration in revenue driven by stretching the accounting rules covering accruals - been there, bought the t shirt.In my experience, such overstatements are relatively common in industries where contract durations extend beyond a year, and more so in the IT sector - overt optimism as opposed to good old prudence, usually at the board's behest.Whether the previous incumbent was made the scape goat or not is irrelevant IF the overstatements are the only accounting misstatements - then, when combined with the recent contract win, RCN look well positioned to grow, prudently.I'm holding on for the foreseeable but will be forensically reviewing their accounts, and sharing my results with this forum...
7ran5ac710n
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:30 V: D:20170328 02:22:23