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REDS Redstonecon

101.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Redstonecon LSE:REDS London Ordinary Share GB00BYWN0F98 ORD SHS 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 101.25 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
100.00 102.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 101.25 GBX

Redstonecon (REDS) Latest News

Redstonecon (REDS) Discussions and Chat

Redstonecon Forums and Chat

Date Time Title Posts
24/10/201810:13RedstoneConnect : a "smart" growth play466
01/5/201816:21Stockopedia-
20/11/201710:09RedstoneConnect1,154
01/4/200715:57Save the RED ARROWS here11

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Posted at 15/6/2018 11:23 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 08:02 by bignads
I think the share price reaction comes from shock about the timing and fear that the company doesn't know what its doing. However, in some ways, this is a good thing. We now have a company with a fresh new start, a new CEO with considerable expertise in SaaS and digital companies (check out his CV) and buckets of cash. Ideally, we'll get an up-beat AGM message later today and then some contract wins in the coming weeks to show that the strategy is working.
Posted at 31/5/2018 13:21 by bignads
Just thinking about target share price post agreement on sale. Assuming that the software assets of the business (ex-cash) were worth about £10m, this would equate to 160p a share all in once you factor in the cash assets. 160p. Not bad.
Posted at 29/5/2018 10:25 by timmy11
REVENUES RISE TO ALMOST £50M AT 'SMART BUILDINGS' GROUP
AIM-listed RedstoneConnect has also unveiled plans to dispose of two of its divisions for £23m

Bc PropertyBc DealsBC South-East
Mo Aldalou8:07am 29th May 2018
RedstoneConnect will focus on growing its software proposition
RedstoneConnect will focus on growing its software proposition
RedstoneConnect, the AIM-listed provider of technology for 'smart buildings' and commercial spaces, has today unveiled plans to sell two of its divisions and reported an increase in annual revenue and profit.

The London-based firm posted turnover of £47.6m for the financial year to 31 January 2018, according to newly filed results on the London Stock Exchange, an increase of 15 per cent from a year earlier.

Adjusted profit before tax for the 12-month period also grew, rising from £1.3m to £2.4m.

"I'm pleased to report another year of continued operational and strategic progress across all our business units,” said chief executive Mark Braund.

RedstoneConnect has today also announced plans to sell its Systems Integration and Managed Services divisions for a total sum of £23m.

The disposal will allow the group to focus on developing and growing its software proposition in the smart building and co-working space markets both in the UK and internationally.

"Employee mobility and agile working is driving demand as commercial real estate becomes more of a user experience business," Braund added.

"We firmly believe that the significant global demand for workspace management solutions coupled with the market leading suite of services already being deployed within our software division, creates an ideal base from which to accelerate our growth."

In a statement, chairman Frank Beechinor said the disposal, which is subject to shareholder approval at a meeting on 15 June, will substantially change the shape of the group and bring its restructuring to an end.

"After what has been a very traumatic number of years where we have taken the business from crisis to stabilisation we have now reached another important junction in the RedstoneConnect journey," he said.

"From here we see a very exciting future where we build a business which is focused on high margin annuity revenues with significant international growth potential.”

Share Article
Posted at 01/5/2018 11:19 by eyeofhorus
when Braund took over at ITQ he took the share price from a low of 31p shortly after he joined to a high of 130p in less than 3 years

Trolls are unburdened by data, never bother with evidence and spit unsubstantiated bile and bad mouthing because they are proven losers who carry old wounds that just fester and get more infected

Find something more positive to do with your life, you will feel better putting all your sorry losses behind you , it will set you free

As for multi-bagging, I have bought recently so very confident on that, unlike you I can read a balance sheet and understand a market and opportunity. The calibre of REDS' leadership now is light years from the old COMS business

Price will be the ultimate arbiter, the rest is noise
Posted at 29/11/2017 23:17 by haywards26
I am more interested in the board managing and growing the business than reacting to share price movements. The growth of the business will in turn take of the share price in time.

What makes this all the more perculiar is after the trading statement REDS announced their large £5.5m contract win, which should have assisted the second half weighting comment.
Posted at 03/11/2017 23:49 by holidayhome
Listen all, the company has gone through a crazy time with a stupid bogus takeover. The market doesn't like this and rightly the share price takes a knock. Thats what markets do, reflect sentiment. So let's move on. Agreed progress is slow but Rome wasn't built in a day, building up a company is a tough and slow business. So far I havent seen anything concerning and look forward to the next tranche of financial results. Constantly pumping the market with news to boost share price is not REDS MO. DB days are behind us. REDS rightly rely on financial results to be the litmus test for investor confidence.In the meantime some building block news....https://www.fibrefab.com/news/fibrefab-are-pleased-to-announce-redstone-as-their-first-uk-fibrefab-elite-installation-partner
Posted at 05/10/2017 07:16 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
Posted at 25/4/2017 09:33 by aishah
Excellent progress here. Cantor reiterate BUY and 3p target. Whitman Howard, BUY, 2.2p

RedstoneConnect Plc Recovery not reflected in the share price

Posted by: giles.arbor 25th April 2017

RedstoneConnect Plc (LON:REDS) a leading provider of technology and services for smart buildings and commercial spaces, announced its final results for the year ended 31 January 2017. While the prelims are in-line, more importantly they confirm the restructuring process is now complete, prove the commerciality of its cloud based platform and demonstrate a move towards higher margin services. PBT was £1.2m (against a loss last year), adjusted EBITDA grew 56% to £2m and cash from operations turned positive at £0.9m allowing a net cash position to be maintained. Whitman Howard have said that for this year, we expect PBT growth of 77% to £2.2m (previously £2.5m), implying a current PE rating of 15x. We reiterate our buy recommendation with a 2.2p price target as the turn around generated by Redstone has yet to be reflected in the share price.

In FY18 we expect Software services to contribute c20% to adjusted EBIT. Our growth forecast is supported by the higher margin Software division which we expect to contribute c20% (up from 2%) of adjusted EBIT for the year ending January 2018. This follows the development of its own software, a full year’s contribution from acquisitions and additional contract wins. The adjusted EBITDA margins in FY17 for its three divisions, Systems Integration, Managed Services and Software were 4%, 13% and 21% respectively so it can be seen that the focus for Redstone is on the higher margin service. This is not to say that Systems Integration and Managed have not enjoyed their own successes with adjusted EBITDA growth of 124% and 13% for the year to January 2017, with them both winning and renewing key contracts.

Revised PBT growth for FY18 is 77%. Our revised FY18 PBT forecast reflects increased non-cash expenses arising from the acquisition of Commensus in 2016 (i.e. amortisations) and the implementation of a new SAYE scheme. That said, we are still expecting 77% PBT growth in the current year.

Structural change in the demand for smart buildings. We believe, the market continues to underestimate Redstone’s recovery and transition into higher margin software services. It is becoming increasingly evident that the demand for smart building and commercial space technology is not a bubble, cyclical or discretionary, it is a structural change recognising the increased need to manage buildings better. Redstone’s product range is clearly resonating with this theme and with the market still developing and adapting to new products, Redstone is rapidly establishing itself as a market leader in a growing market.
Posted at 25/4/2017 08:16 by chrisgail
Earnings per share 0.11p lets assume 20% growth giving 0.132p next year.
PE of 15 gives a target share price of 1.98
PE of 20 gives a target share price of 2.64
PE of 25 gives a target share price of 3.3
I think the share price should be at 2p now rising to nearer 3p over the coming year. REDS remains a hold.
Redstonecon share price data is direct from the London Stock Exchange

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