Redcentric Share Discussion Threads

[battlebus2] 24/4/2015 16:27

These seem to like a Friday afternoon for some reason :))

[adorling] 18/4/2015 05:18

As an investor you cannot ignore the point that Weaver, Smith and Bolland have an outstanding track record creating significant shareholder value which is why I own CTP, MXCP and RCN. No doubt we shall see the bombed out Comms in One of this group of companies soon to be turned around for the 2nd time by Ian Smith and co.

[battlebus2] 17/4/2015 17:21

I totally see your point and was of a similar opinion at the start but i think it works for all parties, i'm in at 120 and it's not a big % of my portfolio so happy to let it run.

Some large trades through today which seems to have helped the share price.

[cockerhoop] 17/4/2015 17:08

MXC may well have bought Calyx for a steal but RCN shareholders would be over £5m better off if the transactions were carried out in house.

Tony Weaver and Ian Smith own 4% of RCN yet own 53% of MXC, it would be natural for them to have a greater affinity to MXC imo.

The majority of MXC transaction advice on deals has been for Redstone, Redcentric and Castleton where Smith and Weaver have or have had executive positions.

I'm uncomfortable with this situation personally but good luck.

[battlebus2] 17/4/2015 16:23

Yes but the performance hasn't as yet been effected by the related parties. I prefer this one of the three as it is a stand alone business that seems to benefit from the likes of the Calyx deal and should trade a lot higher.
The fact he is a major shareholder should mean he's working for the benefit of all. They bought Calyx at a steal and sold some parts that didn't fit into the RCN scenario, anyway i'm happy and will no doubt see £2 at some point.

[cockerhoop] 17/4/2015 15:22

Is no one concerned with the related party transactions going on here?

MXC (where RCN CEO Weaver owns 53%) buys Calyx and turns it on for a greater than £5m profit in 3 months. Then selling the rump to RCN and picking up a £300,000 advisory fee from RCN.

The same thing appears to be happening at Castleton with Tony Weavers partner at MXC Ian Smith.

I'd much rather have a CEO whose interests are wholly aligned with the underling company performance.

[battlebus2] 17/4/2015 14:40

Yep , should rise sharpish if we break the current range.

[pomp circumstance] 15/4/2015 11:07

Cant see Calyx is going to add to much in earnings. Asset stripped and short term gain more like! But I do think results will be very good!

[gucci] 15/4/2015 10:48

l2 looks good
lets hope it has a sharp break out

[battlebus2] 14/4/2015 16:33

Large 1.4 million trade gone through as a sell but i suspect it maybe a buy or matched trade. Yep two trades of 725k showing.

[battlebus2] 13/4/2015 14:55

Good to see the Calyx deal completed, more earnings enhancing deals to come imv.

[gucci] 09/4/2015 16:20

interesting biggish mid price trades todsay

[richjp] 09/4/2015 15:39

This is one of a few sales I made last week although I think there is nothing wrong with the company.

I feel that the wider market is due a big setback at some time so I have cashed in some profits just to be cautious.

I will keep following this one though.

[battlebus2] 03/4/2015 21:48

Following on from the article by the Private Punter, N&1 Singer have a target price of 153 while Finn Cap increased their target price from 175 to 180.

[battlebus2] 03/4/2015 17:14

Another good write up by the Private Punter..

[hastings] 03/4/2015 17:04

A few initial thoughts that may be of interest, hopefully add more in due course.

[battlebus2] 02/4/2015 08:24

Bit of the recent history of Calyx

[battlebus2] 02/4/2015 08:08

I see from the MXC board they made a real return on the sale of Calyx to us but it still looks incredible value to me.

[norbert colon] 02/4/2015 08:06

Agreed BB. RCN is really starting to show its potential and I am really pleased with the ongoing progress. I can see this as a very strong business over the next few years

[battlebus2] 02/4/2015 07:55

Excellent news this morning with the acquisition of Calyx for 12 million from MXCP
Profit (gross)of 5 million last year make this look great value.4.3 millio gross assets.
Also a new credit facility announced. Lots more to come at RCN...

[battlebus2] 26/3/2015 12:17

Added a few just over the bid while they were cheap :))

[gucci] 25/3/2015 15:50

promising chart here

[battlebus2] 20/3/2015 17:07

Lots of opportunities to be had when Insts decide to sell, seen it so many times before. Very happy with progress being made here but as ever dyor etc.

[r g fletcher] 20/3/2015 16:21

I guess they reached their target.