||EPS - Basic
||Market Cap (m)
|Software & Computer Services
|Redcentric Daily Update: Redcentric is listed in the Software & Computer Services sector of the London Stock Exchange with ticker RCN. The last closing price for Redcentric was 89p.|
Redcentric has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 148,859,173 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Redcentric is £132,484,663.97.
|chimers: 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'Having withdrawn original forecasts with the initial revelations, we reintroduce amended forecasts, assuming that the forensic accounting investigation has uncovered the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.|
|letmepass: What a tool is chimers.. Keep it up, share price is rising|
|andrewbaker: The share price reaction, down two thirds on a £10,000,000 mis-statement, is just too much. I'm holding and won't fold, not least because of the overreaction, but bought in at 150p and won't take what I feel is an unjustified loss. They should be back to 100p. soon, then I'll reconsider. But, looking at trading, this still looks a good business, and a top-up and average down, may be worthwhile here. I need to think about it, take a little time, and keep a very watchful eye.|
|nhb001: The share price has been very weak of late after what seemed reasonable updates. Anyone have a theory as to why? Have there been broker downgrades I have missed?
|twonky: I agree Hutch, the debt news caused the drop, but a well run company and as stated the debt will be quickly reversed by early next year and share price will reflect this imo.|
|battlebus2: 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.|
|fgump: Jeez fletch you're going to give yourself a coronary. I'm sure you are a very experienced investor and all that, especially if you were going to invest a whole £20k but exactly how do you think the company can control its share price, let alone the spread? I thought that's what market makers did? Surely if the company did it that would be manipulation?|
|battlebus2: Henderson selling a few more must be a drag on the share price atm.|
|chrisgail: Another contract win, this does seem to be a Company that just gets on and does it and the share price responds, long may it continue.|
|joseph moran: Are we sure that it is a buy as the share price has dropped on the last few trading days.|
Redcentric share price data is direct from the London Stock Exchange