Red24 Share Discussion Threads

[davydoo] 16/1/2012 10:24

Just had a chance to look at the numbers

Before todays announcement Sidebell held 13,059,250 shares, which at 0.32p dividend per share = £41,789.60

Todays announcement of Fridays purchase of 330,000 @ 11p = £36,300

Last weeks announcement that J M Brigg held 8,431,500 followed the last confirmation I can find of 8,128,568 from the last annual report. So 302,932 shares added.

The purchase price wasn't confirmed, but if we assume an average 11p then = £33,322.52

With a dividend to come of 8,128,568 x 0.032p = £26,011

So close, but probably just my own silly thought, rather than actually meaning anything.

However, it does mean that 1% of the shares have been bought in the past week, and when you consider the buyers already owned nearly 50% of the shares, thats actually 2% of the free float bought up. Quite a chunk really.

edit. Some of J M Briggs purchases may have been made more than a week ago, as declaration isn't needed for each purchase just as it crosses percentage thresholds

[owenski] 16/1/2012 08:33

Good to see directors got a lot of skin in the game here. Still on a low rating, will be adding myself

[davydoo] 16/1/2012 07:44

now we have the chairman buying too, so the two largest shareholders have both added in the past week.

A rough guess at the figures suggests they've both added approximately the value of their dividends.

I was thinking of doing the same.

[davydoo] 11/1/2012 08:32

Good to see the news today that J M Brigg is still keen with an increased holding of 17.3%

The 3 directors and J M brigg own 50% of the company, when you consider the other declared major holders plus the staff cant be all that many available to trade out there.

[davydoo] 06/1/2012 16:03

maybe not so new after all, i found this after doing some more research



Perhaps like food recall, its something they've always done, and are now choosing just to highlight it more.

[davydoo] 06/1/2012 10:43

Not mentioned in a press release in December

About red24
red24 is a global security company providing guidance, assistance and response within crisis management, travel tracking, product recall, kidnap and ransom and travel security. red24 was founded in 2000 and is registered on the London AIM Stock Exchange (REDT).

Also found this, but not sure if its new

https://www.red24.com/affiliate/piracy/

Has anyone following Red24 seen this before?

[davydoo] 06/1/2012 10:28

Interesting to note no mention about environmental or sustainability consultancy in the company bio at the foot of that press release.

'red24 is a global security and risk management company providing support, assistance and response within crisis management, travel tracking, product recall, kidnap and ransom, maritime security and travel security. red24 was founded in 2000 and is registered on the London AIM Stock Exchange (REDT)'

Perhaps the end for Green24?

I think its actually the first time I've seen specific reference to maritime security.

[davydoo] 06/1/2012 10:17

Press release out today about a new recruit

[davydoo] 04/1/2012 10:53

I bought another 25,000 yesterday, very pleased to benefit from the slight weakness of the past month or so.

I paid 11p, thats the same price that 11 staff paid for 337,272 shares in April 2011. This followed 17 staff buying 450,000 shares at 7.8p in Mar 2010, and was before the great interim results and the prospects for the recall business were fully known.

I would imagine staff are currently deciding about this years purchases through the employee share loan scheme, so it will be interesting to see the take up.

This is very impressive stuff. I just don't see other companies that I invest in doing this, and the benefits are enormous.

Taking directors aside, 17 is very deep ownership in a small co. and thats only 17 who used the share loan scheme in 2010, others may have bought directly themselves, and the 11 from 2011 may have been different to the 17 in 2010.

This should help with employee engagement and loyalty, and potentially reduce salary and bonus expectations.

I also think it means less risk of the company being taking private (a constant risk as a small cap investor) as the market provides a valuation and trading mechanism for the current and past staff.

I presume it also allows the company to use its strong cash position to good effect, by offering attractive terms to staff, and in effect recycling wages into equity.

[davydoo] 27/12/2011 10:27

a recent comment

[davydoo] 19/12/2011 16:49

davydoo - 20 Sep'11 - 12:45 - 572 of 613 edit

If anyone is wanting to get in here, it's worth watching the trades and in particular sales, seems the MMs don't want to be holding stock here, I was just able to buy at 10.39 following an earlier sale.
----

Looks like two (perhaps one) quick thinking people were able to benefit from a largish sale this afternoon, as i suggested in my earlier post above.

Selling at 10.5p and then all bought back within 30 mins at 10.85 and 10.95.
Great timing whoever did that, because nothing fundamentally changed because one person wants to sell 1/1000th of the company.

[davydoo] 15/12/2011 08:30

Well we sailed through the ex div date without any movement which is pleasing.

For me, while the price stands still, but the business keeps improving, it just becomes a better and safer investment.

[davydoo] 28/11/2011 09:43

I wouldn't mind being sent by my employer on these 3 courses next year.

Asia-Pacific

-Security Management Stage 1 in Kuala Lumpur, Malaysia, 30 Jan - 10 Feb 2012
-Security Management Stage 2 in Sabah, Malaysia, 9-20 April 2012
-Security Management Stage 3 in Penang, Malaysia, 7-18 May 2012

What a great way to see 3 very different parts of Malaysia while you learn.

[davydoo] 24/11/2011 20:51

Also i'm pleased to see a calendar of global courses for the year ahead

[davydoo] 24/11/2011 20:49

Thanks Norbert, and good to see them continuing to recruit in South Africa

[norbert colon] 21/11/2011 17:48

US$/ZAR moved up strongly to 8.32 which could lead to possible move to 9 before catching breath. Continues to bode well for Red24.

[davydoo] 21/11/2011 12:39

You can sell plenty. I just got a quote for 11.21 to sell 100,000 shares.

[ashtree2] 21/11/2011 12:08

Can not buy £500 worth using ii online trading account.

[davydoo] 19/11/2011 10:15

A little insight into the new offices in South Africa, in case you haven't seen.

I got this by following @red24security on Twitter

[davydoo] 18/11/2011 17:02

150,000 bought at 11.75 this afternoon, thats a pretty decent sized purchase.

[davydoo] 17/11/2011 15:43

penpont have you tried to pick up the rest you wanted in the days since?

[penpont] 15/11/2011 00:40

Had a struggle adding today. Selftrade were only able to get me 10k of the 50k I wanted.....

[puku] 05/11/2011 15:30

very surprised at little reaction to excellent interim. Last year eps was .57 + .94 = 1.51. This year .73 + say 1.1 = 1.84 - increase of 20 % which ties in with S Pierce estimated PBF. That doesnt build in anything for new Food Division which will be up and running. Meanwhile div up from .24 to .32 giving yield over 3 % even if no Final Div. Have held twice before at a profit and bought in last month at 10 p.
Perhaps the pundits will find it next week.

[davydoo] 03/11/2011 22:11

Steg, are you quoting the broker forecasts? I spoke to Seymour Pierce today after seeing their price target, they're now forecasting earnings of 900K for the full year, compared to prior forecast of £780k. I don't know their new guidance for the following year, but it was £830k, so I'd expect that to be lifted to at least above the current year forecast. I think the existing broker forecasts were before the announcement of the food safety/recall business and the added potential that brings.

[sharespeculator] 03/11/2011 20:52

davydoo - I'm pretty much breakeven now. the market's a nightmare at the moment, they'd have had a much better response to those results in better market (well,...obviously). I don't really buy shares to hold to be honest, I just keep an eye on companies I like and buy when I think they're likely to see a lift. Still got my REDT as I write. A few nice chunky buys today on the back of those results, which was encouraging.