Redcentric Share Discussion Threads

[gargleblaster] 30/6/2015 21:34

Excellent contract win announced on Monday has rather slipped under the radar given all the Grexit hullabaloo!!

[santangello] 30/6/2015 08:42

I have been watching from the sidelines here and have today finished my purchases of the last few days (with a JS recommendation in the middle), and am happy to hold.

I expect handsome returns over the medium/longer term.

[gargleblaster] 23/6/2015 01:42

Bit out of date, but this is what Shares mag had to say on 18th of June.

The managed data and network services provider continues to blaze an impressive trail, this is a buy-and-build business doing it the right way. Full-year results to end March (15 Jun) from Redcentric (RCN:AIM) are clean of new acquisitions, giving a clear steer, and a few things stand out.

Headline organic growth (which assumes bought businesses were part of the company for the whole of the previous year) of 8% is very decent, considering stiff competition and a 41% decline from product sales. Expansion in recurring revenue like-for-likes was 13% meaning 81% of all revenues are on rolling contracts, great for future income security. A big jump in EBITDA (earnings before interest, tax, depreciation and amortisation) margins demonstrates management’s ability to integrate acquisitions fast and effectively, crank up cross-selling and strip costs. These went from 18% to 22.7%. Redcentric bought Calyx on 13 April and we expect more this year, Redcentric having access to around £50 million or so of firepower. FinnCap has upped its target price for the umpteenth time since our original Play of the Week on 31 July at 112p, this time to 205p, implying 25% upside.

At 205p the March 2017 price to earnings (PE) multiple is 16.9. Perhaps Redcentric itself may get swallowed in this consolidating space. We remain positive. (SFr)

[carpadium] 15/6/2015 16:29

Thanks guys for the interviews, encourages me to add more over the coming months.

[oshy92] 15/6/2015 14:43

Afternoon all. Short TV interview with COO following today's results:

www.fmp-tv.co.uk/company/redcentric-plc-investor-video/

[ftseproactive] 15/6/2015 10:11

Redcentric's CFO speaks to Proactive after the group's finals results

[battlebus2] 15/6/2015 07:41

And look good to me also...

[mattboxy] 15/6/2015 07:29

Results look good to me - should see a strong day

[nw99] 14/6/2015 20:20

Sharewatch says buy any pullback

[battlebus2] 13/6/2015 22:02

Roll on the 15th.

[battlebus2] 02/6/2015 23:39

Touching 160 with news of results on the 15th.

[gucci] 29/5/2015 12:07

Added
:-)
Jim Slater might update in telegraph on Sunday too

[hutch_pod] 29/5/2015 11:48

That Friday feeling!

Maybe assisted a little today by the Telecity deal confirmation?

[battlebus2] 29/5/2015 11:28

These shares just love a Friday :))

[gucci] 29/5/2015 11:27

Breaking out

[carpadium] 26/5/2015 16:14

Touch of the zebedee's today!

[battlebus2] 13/5/2015 18:30

Continuing the upwards trajectory :))

[battlebus2] 10/5/2015 00:11

Gets a mention with their MXCP

[cash rich asset poor] 08/5/2015 17:25

Another Friday afternoon rise and a new high. I can see this pushing 200p over the coming months.

[shauney2] 29/4/2015 13:35

Completely got that date wrong.The interims are Monday 15th June.

[shauney2] 27/4/2015 14:31

Interims this Wednesday.Should determine they way forward.

[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.