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Share Name Share Symbol Market Type Share ISIN Share Description
Redcentric Plc LSE:RCN London Ordinary Share GB00B7TW1V39 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 125.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
124.00 127.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 87.49 -10.61 -7.14 195
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 125.50 GBX

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Date Time Title Posts
02/10/202009:26Redcentric - Managed Network Services915

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DateSubject
22/10/2020
09:20
Redcentric Daily Update: Redcentric Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker RCN. The last closing price for Redcentric was 125.50p.
Redcentric Plc has a 4 week average price of 124p and a 12 week average price of 124p.
The 1 year high share price is 158p while the 1 year low share price is currently 81p.
There are currently 155,573,151 shares in issue and the average daily traded volume is 35,217 shares. The market capitalisation of Redcentric Plc is £195,244,304.51.
13/9/2020
22:24
cousin jack: I have entitlement through two nominee accounts. Via AJ Bell I have a choice of four options: 1. 0.13 of an Ordinary share and 2.66 pence in cash per net share (Equivalent to approximately 17 pence in value) (Default) 2. 100 percent cash 3. 100 percent ordinary shares 4. 50 percent cash and 50 percent ordinary shares However via Sippdeal the only option is 0.13 share/2.66 cash. What options are holders with other nominee brokers being offered ?
04/9/2017
07:46
nw99: RCN with news earnings are in line the past is behind us
04/9/2017
07:45
mrbbd: For CoreTX or RCN??
07/8/2017
13:02
evil_doctor_facilier: The doc expects another holding RNS from Mr Griffiths showing an increases from his previous 13%. This looks to have all the hallmark of a classic recovery play identified by Griffiths just like cmbn where he is now up over 300% I would expect him to take over 20% here in due time. His method is to occasionally attack the buy side that spikes the share upwards and then sits back and soaks out the sellers in the new price range and then rinse and repeat. I expect him to take this up towards 85-90p in the near term accumulating stock and well over 100p in the mid term
04/8/2017
10:07
evil_doctor_facilier: RCN is somewhat of an interesting play at the moment. The doc is long..
29/6/2017
10:29
simon gordon: Tech Market View - 29/6/17: Redcentric seeks redemption in FY17 revenue UK IT service provider Redcentric released meticulously audited FY17 revenue following the accounting misstatements revealed last November, for which the company remains under investigation by the Financial Conduct Authority (FCA). Turnover for the year ending March 2017 was £104.6m, up slightly from restated FY16 figure of £102.4m (revised downwards from the £109.5m originally reported). An operating loss of £3m reflects £5.5m of one-off charges, much of which are related to that restatement and ongoing investigation. These include an accumulation of overdue and uncollected debts resulting in credit losses of £2.9m being recorded in FY17 alongside £1.3m of auditing fees to Deloitte and Nabarro. The FY17 numbers will be particularly painful for shareholders - adjusted basic earnings per share (EPS) was 4.45p, but a statutory EPS loss of 1.60p meant no dividends were paid. Only time will tell just how harmful the last 12 months has been for Redcentric from its investor and customer perspective, but the company is progressing well with the subsequent damage limitation campaign. Following a boardroom overhaul and the appointment of a new CFO, new financing facilities were secured to service current debts of £39.5m after original banking covenants were breached. The under-fire finance department has been bolstered by additional personnel and tighter controls designed to prevent the incorrect recording of cash receipts and supplier payments that got Redcentric into so much trouble in the first place. FY17 turnover suggests business may not have suffered too much so far. Network and cloud service contract renewals worth £12.5m were signed with four public sector organisations during the year. Redcentric also won 88 new deals worth £19.4m, including Pizza Express and NHS Digital (it was one of multiple network service providers to be included in the Peering Exchange contract for the new Health and Social Care Network earlier this year). Shareholder patience is being sorely tested but if Redcentric can keep winning new business and cross-selling additional services to existing customers, it shouldn't suffer too much in the long run.
31/5/2017
20:07
stur7672: Is anyone able to advise if MXC met the performance criteria to exercise the 7m shares option at 80p? Exercise conditions at any point after 15th November 2016 provided average mid market closing point in preceding 10 working days being greater than 112.4p. Would this include 10 working days before the 15th November 2016? - I'm new to financial statements - sorry! If it does by chance this happens to coincide with a director standing aside on 1st November and then the share price collapsing after the accountings? disclosure on the 7th November?
20/3/2017
09:05
wh1spa: I thought that the FRC were brought in to investigate PwC over their auditing of RCN accounts? This announcement today was to be expected - as a shareholder I would like the FCA to have a look and see if there have been any shenanigans. (PwC could be hit with a big fine and have to compensate RCN...)
11/1/2017
21:36
cloudwars: The last thing we need is uncertainty. The fall guy has left the building and perhaps MXC should look at their disposals and purchases but we need to look forward, steady the ship and have a period of sustained confidence building in both the company and share price The truth will out but let's not knock RCN anymore at the moment.
08/11/2016
11:30
andrewbaker: Whilst it often happens that bad news comes in threes when companies are concerned, the support for RCN today, alongside the positive analyst recommendations regarding the company, suggest to me that the drop in price yesterday was way overdone, and I am very pleased that I did top up my holdings yesterday, as I reported then. The price is still a steal, IMHO, and when Hillary wins in the US today/tomorrow, watch the share price sprint north even more.
Redcentric share price data is direct from the London Stock Exchange
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