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REDS Redstonecon

101.25
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Redstonecon REDS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 101.25 01:00:00
Open Price Low Price High Price Close Price Previous Close
101.25 101.25
more quote information »

Redstonecon REDS Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

Top Dividend Posts

Top Posts
Posted at 20/6/2018 14:52 by 338
What will MB do with millions of REDS shares he bought in the past?

Also, how about share save/incentive plan for most of employees who work in the subsidiary that got dispossed?

There could be too many shares to be sold in the market from now on?
Posted at 15/6/2018 13:48 by jane deer
Gleach23 - REDS did not present at Mello South yesterday. Last minute cancellation. I was at AGM today - surprisingly friendly show put on by all (inc Mark B and Frank B).
Posted at 15/6/2018 12:23 by timmy11
Result of General Meeting

&

Completion of Disposal

RedstoneConnect (AIM: REDS) is pleased to announce that, at the General Meeting held earlier today in relation to the proposed disposal of Comunica Holdings Limited and Commensus Limited (which together comprise the Company's Systems Integration and Managed Services divisions) to Excel I.T Services Limited (the "Disposal"), the resolution was duly passed. Â

Following the General Meeting, the first condition under the Share Purchase Agreement has been satisfied and, subject to the remaining terms and conditions of the Share Purchase Agreement being satisfied, completion of the Disposal will occur on Monday, 18 June 2018.

Frank Beechinor, Chairman of RedstoneConnect, commented:

"Completion of the Disposal will mark the culmination of RedstoneConnect's transformation into a software company. Going forward, our sole focus will be on the continued growth of our higher value SaaS products and to capitalise on the increasing global demand for smart workspace management solutions.

Through further investment in sales, marketing and the development of our suite of applications, as well as seeking complementary acquisition opportunities, we believe we can evolve into a leading international workspace management software company with high margin licence-based revenues, delivering long-term shareholder value."

Further details of the Disposal are set out in the circular to shareholders dated 29 May 2018.
Posted at 15/6/2018 09:10 by ade45
Don't think Braund is software guy. Recruitment prior to reds. Did the restructure and now need more tech focus
Posted at 15/6/2018 09:10 by haywards26
I was always impressed by MB and he was one of the reasons I bought into REDS. His specialty appeared to be turnaround/rescue situations. I thought with cash in the bank and the strategy being to grow the business and acquire earning enhancing bolt on's that MB would have seen the future as exciting.

It does sound like a clash of ideas at the top. Disappointing, but will see what progress is made over the coming months. The balance sheet more than covers the current market cap, so little downside unless the cash is spent terribly.

I need to look into the new CEO's background, as in the current situation the management/bod is key as being able to likely gauge the future performance of REDS
Posted at 12/6/2018 10:54 by davidosh
Just to remind you all that REDS will be presenting at our MelloSouth event in Hever,Kent this Thursday 14th June and all shareholders and potential investors are welcome to attend

REDS have never presented at our Mello events before and we are very pleased to welcome Mark Braund the CEO who will no doubt explain the reasoning behind the recent announcement. This is an ideal opportunity to meet the management and hear about their new strategy.

Do come and join us at this quality event and there will be at least 25 other companies to meet plus some fabulous keynote speakers and a large number of fund managers presenting and on panel sessions.
Posted at 31/5/2018 01:35 by davidosh
Just to mention that REDS will be presenting at our MelloSouth event in Hever,Kent on 14th June and all shareholders and potential investors are welcome to attend

REDS have never presented at our Mello events before and we are very pleased to welcome Mark Braund the CEO who will no doubt explain the reasoning behind the announcement yesterday. This is an ideal opportunity to meet the management and hear about their new strategy.

Do come and join us at this quality event and there will be at least 25 other companies to meet plus some fabulous keynote speakers and a large number of fund managers presenting and on panel sessions.
Posted at 01/5/2018 17:21 by eyeofhorus
for those who want more civilised and insightful discussion with a community that includes actual professionals, fund mangers and analyst head to Stockopedia.com

Some good analysis on REDS yesterday from Graham Neary

This BB is clearly poisonous and haunted by Chimpers and his ghouls, dragging the chains of his losses from a badly timed position in REDS. If he was any good he'd be able to see the objective asymmetric risk profile in this as a trade. Too wounded and emotional to be objective.
I'll come back and rattle your cage Chimpers when Braund has done his stuff: you'll still be here all twisted and bitter trying to shout it down convincing yourself you are right.
Posted at 27/4/2018 14:49 by gleach23
Vigo Comms are referenced on the REDS website as 'Financial public relations'. I wrote to them on Wednesday to enquire about the expectations that were set about a Feb TU. I had a reply yesterday advising that the Redstone Connect team at Vigo could be contacted on reds@vigocomms.com so I emailed yesterday, heard nothing, followed up today and still waiting.
Posted at 05/10/2017 08:16 by mylands
The article from the link provided by CURRIEQUAKER:

Buy RedstoneConnect (REDS) says VectorVest. The stock currently offers an enticing investment opportunity for the more adventurous investor

October 4, 2017 / Leave a comment

RedstoneConnect Plc (REDS.L), formerly Coms plc, is engaged in providing technology and services for smart buildings and commercial spaces through its core businesses Redstone and Connect IB. The Redstone division provides a range of services, including design, build and installation; managed services, and software solutions. Managed services encompasses the provision of outsourcing services spanning network infrastructure management, smart buildings support services, desktop and data center support services and move, add and change services. REDS has also developed OneSpace, a real estate management software platform. Connect IB develops and deploys applications, including those that address mapping and way finding of Smart Buildings and Smart Spaces, such as car parks or retail shopping centers. It serves customers of all sizes, including corporations, such as property developers, landlords and principal occupiers of commercial property.

On September 8th 2017, REDS published a trading update ahead of the interim results announcement October 10th. The company said it was pleased with the progress made across the business in the first half, and confirmed trading was in line with management expectations. Software Applications continues to gain market traction, and the company said it had commenced the global roll out of OneSpaceTM, its real estate management software platform. Managed Services also reported an encouraging start to the year. The acquisition of Anders + Kern U.L. Ltd is now fully integrated into the Company and has provided excellent complementary skill sets and a positive contribution to the Company. In addition the company secured a prestigious contract to install an IT cabling infrastructure throughout Tottenham Hotspur’s new 61,500 seat stadium. CEO Mark Braund said while the performance is anticipated to be largely second half weighted, “given our pipeline of work, new business momentum and strong order book, coupled with the additional services that we have added to our offering through the acquisition of A+K, we remain confident for the full year.”

A number of key metrics alerted VectorVest subscribers to the potential at REDS earlier in 2017. The VST Vector, the master indicator for ranking every stock in the VectorVest database, logs REDS with a rating of 1.25, very good on a scale of 0.00 to 2.00. Key to growth potential, the GRT (Earnings Growth Rate) flagged the potential at REDS earlier this summer, when the shares were trading around 123p. The stock has since recovered to 138p, but still retains a forecasted GRT of 35%, which VectorVest considers to be excellent. Traders should note that the RS (Relative Safety) metric records a fair rating of 0.87 on a scale of 0.00 to 2.00, but with a current VectorVest valuation of 174p per share, in the run up to next week’s results announcement REDS remains undervalued.

The chart of REDS is shown above using my normal layout. The blue line study in the window below the price shows the rise in earnings per share (EPS) over the last six months and this is the engine that’s driving the share price higher. The share is on a Buy signal on VectorVest and looks set to move towards the old highs of 190/200 in the near future.

Summary: The transformation in the company under the stewardship of CEO Mark Braund, coupled with a solid first half performance really puts REDS in the frame as an enticing investment opportunity for the more adventurous investor. With clear potential for growth in the second half of the year, VectorVest rates the stock as a buy.

Dr David Paul

October 4th 2017

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