Red Squared Share Discussion Threads

[yump] 18/1/2007 08:44

Going in the right direction.
More cash than expected ?
and profitable in second half...


RED SQUARED PLC
AUDITED FINAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2006
KEY POINTS

* Turnover up 10% to #2,698,741 (2005: #2,455,915);

* Turnover (excluding 3rd party product revenues) up 20% to #1,697,707
(2005: #1,414,430);

* Loss before Tax reduced to #203,252 (2005: #290,700);

* Profit for the financial year #141,489 after deferred tax asset
recognition;

* Earnings per share 0.5p (2005: loss 1.05p);

* Profit before Tax for H2 #24,616 (H1: loss #227,868);

* New contract wins during the year both direct and via our business
partners included Umbro International Ltd, Speedy Hire Plc, Promethean Ltd
and Silentnight Group Ltd. These contracts secured for between two and five
years contributed c#220,000 of Managed Services revenue during the year to
30 September 2006 and will contribute recurring Managed Services revenue of
c#500,000 in the current financial year to 30 September 2007;

* Increased capacity due to partnership with Easynet connecting Red
Squared to the Easynet UK backbone, via resilient links opening up access to
over 20 additional data centre locations throughout the UK, for hosting of
customer equipment;

* Cash at Bank #951,242 (2005: #902,593); and

* Results in line with market expectations.

[lgpixels] 17/1/2007 17:38

with close to £1 million in the bank and with critical mass now acheived I am happy with RDS. I await the results with interest, but don't think the recent contract wins will show through untill the 6 months ended 31 March.

[lgpixels] 17/1/2007 15:31

Squareroo, can you tell me the difference between NXS and RDS?

[lgpixels] 17/1/2007 15:13

Nexus Management sees 'aggressive acquisition strategy' following AGM approval

LONDON (AFX) - Boris Adlam, Chairman of specialist IT Managed Services
provider Nexus Management PLC, said all resolutions at the company's AGM have
been passed, and this "will enable the company to pursue an aggressive
acquisition strategy".
[e-mail]

The speculation looks crediable, but the managment of Red Squared may not wish to sell at this stage of growth. Not sure of the synergy of the two companies but will take a closer look

[aleman] 17/1/2007 14:08

Where are they getting the stock for these trades? 25k used to move the price yet now 50k and 75k haven't done anything. I hope the bigger buys mean the results are coming soon.

[aleman] 15/1/2007 16:30

Well I'm impressed that MMs are 75k shorter than they were and there has been no sign of extra stock to share with the fresh face. Supply and demand will shine through, and probably sooner rather than later

[lgpixels] 15/1/2007 16:19

I guess the two trades are both buys, I guess market makers are holding back the price. If they tick up the price it may encorage more buyers. Don't think they can hold it down for much longer so expecting a signficant movment in price soon. Looks very interesting now, seems like smoke signals from the market.

[lgpixels] 15/1/2007 14:25

25,000 trade gone through at 8.25.
results should be out anyday now, so guess this one will start to fly very soon.

[aleman] 10/1/2007 16:25

I don't know the reason but my experience is that small amounts are traded significantly inside the spread and large amounts are more or less negotiable and often outside. Not many trades actually go through at quoted bid and offer!

[fenseal3] 10/1/2007 15:26

I hold shares and have been buying between 5p and 6p over the last 12 months, could of sold on last peak but my heart says this could be 12 to 15p no problem...the spread the way it is...this would need to be 10p just to get your money back at these levels...why would the spread be so much...any thoughts!!

[lgpixels] 08/1/2007 21:50

the level 2 quote is quite strange at the moment, can only guess that the market makers are short of stock or have a large buy order to fill. Guess time will soon tell, look like a very interesting 2007....

[aleman] 08/1/2007 13:18

Cheers. Fingers crossed then. I'm sure volume would be picking up if we had a results date.

[aleman] 08/1/2007 13:02

I'm curious why we have gained a new MM. Any ideas why this should happen?