Red24 Share Discussion Threads

[davidosh] 25/2/2013 16:36

That was pretty decent volume traded today at over 1% of the company so clearly a number of investors do feel RED24 is undervalued still.

[cheshire man] 25/2/2013 16:05

I'm glad you were wrong too jamielein :-)

[jamielein] 25/2/2013 15:20

Well I'm happy to say I was completely wrong about this not going up much. Wish I'd bought more now, as I only have a tiny holding here.

[graham1ty] 25/2/2013 14:56

David, you running this ahead too far !!!

REDT is tiny, contracts are getting rolled over, almost year by year. Last year two clients accounted for 35% of revenue, so they have to get a longer relationship with the key players.

The food safety business was all in the US.....nice to feel they have a presence but stretching it to say they will immediately benefit from current UK horse problems.

.....was probably cheap at 7p, but 15p !

[cheshire man] 20/2/2013 16:20

Nice move up on that news this morning :-)

[glasshalfull] 20/2/2013 07:52

I'm not fussed what price it hits Jamie.

The big picture is the momentum they're building IMHO. Management team were strengthened in the last year and new product development into Food Safety came on tap...just at the right time with new disclosures on food/product almost on a daily basis and food chain in crisis.

Last few RNSs tell me that their products are in demand and this mornings deal for a period of 3-years underpins revenue recognition for the near and medium future.

The contract win from a fortnight ago also tells us that they are moving into other geographical markets.

They are still only on a mkt cap of £6.7m, net cash approaching £2m, cash generative with a progressive dividend policy.

Therefore, I conclude that the share price will take care of itself!

Regards,
GHF

[jamielein] 20/2/2013 07:44

They're close to a breakout on the chart.

Not convinced this is enough to propel them through though.

My prediction is 14p mid price by the end of the day.

[glasshalfull] 20/2/2013 07:21

Looks like REDTs service offering is in demand & certainly underpins revenue expectations over the next few years

@Glasshalfull1: Red24 (REDT) -further contract renewals in US for crisis mgmt & food risk #TMFPP - Great play re. current food crisis

Contract Renewals

red24, an international provider of assistance and risk management services, is pleased to announce that it has added further visibility over its revenue base in securing renewed three-year contracts with two leading north American underwriters to provide crisis management services on a retained basis, particularly, product recall services. The contracts are worth in aggregate $996,000 per annum.

These contract renewals, in addition to a recently announced contract win, continue to maintain and develop red24's business within the insurance industry. red24 products are included with Accident and Health, Business Travel, K&R, Product Recall and Cyber Crime insurance policies provided by a wide range of insurers.

Separately, one of the world's largest multiline property and casualty insurers have announced a continuation of their contract with red24assist, the Company's division providing food-related risk and crisis management services with food, for a further year.


Well done to Red24 team!


Regards,
GHF

[pjhutchy] 18/2/2013 21:00

Think this could be a real winner in the long term with all the issues in the middle east driving buisness forward and now the horse meat whohar. Thinking of adding. Got a feeling we may get an above expectations update.Small company though and could fall quick if we loose the HSBC contract or any other unexpected bad news. Lost quite a bit on tricorn after it lost a contract out of the blue. Was also a promising minnow and undervalued. The experience has made me warry so only have small money in here. Is tempting to build a sizeable position though and the brave could be well rewarded

[owenski] 18/2/2013 11:18

Provinces would be welcome David

[davidosh] 18/2/2013 10:47

Just for the record i met with Richard Killingbeck of WHI a couple of weeks ago and he is very keen to take our Mello events into the provinces and to encourage retail investors and private client brokers to attend.

[davydoo] 18/2/2013 10:23

WH Ireland's opinion on REDT may matter if they are able to hang on to the clients theyve acquired.

[cheshire man] 14/2/2013 09:21

Thanks for posting that davydoo :-)

[davydoo] 14/2/2013 09:03

I've been trying to work out what the current cash position might be, by looking in more detail at what they may have paid for their building (40% deposit, 60% lending)

If anyone is interested I found this further detail

[shanklin] 12/2/2013 10:03

Wish I'd noticed the food link here before Davidosh mentioned them to me earlier.

Have bought a few but had to pay the full 13.5p which was a bit gutting having seen the posts above.

[integer] 06/2/2013 19:01

Looks like appointments starting to pay off in the German market.

[glasshalfull] 06/2/2013 07:49

V promising announcement with RNSNON also indicating that talks ongoing to secure additional contracts.

Regards
GHF

[bigday3] 06/2/2013 07:29

CEO of red24 talks about the latest contract win with a major German Insurer
6th Feb

[rp19] 01/2/2013 19:36

I echo the above, thanks for bringing to my attention. Looks like a cracking little company with great long term prospects. Need to free up some funds now!

[cfro] 01/2/2013 18:19

Thanks for re-highlighting these shares GHF. Seems to me to be operating in the right sectors at the exact right time. Lets hope this is REDT's time to shine.

[glasshalfull] 01/2/2013 17:53

Sorry davidosh.

briangee highlighted Seymour Pierce news to me last night & it clicked why the REDT shareprice may have been under pressure recently, as clients switch out of the stock & this mornings weakness underlined that there may even be a few forced sellers.

davydoo - Just a small correction to your post as I obtained them sub-12p, which I consider a bargain. Just hope that they weren't obtained at someone else's misfortune.

I built a fairly considerable holding approaching 1% last time round but when looking ahead & observing flat EPS forecasts during the next few years I decided to take meaningful profits off the table. However, I now believe that the market will begin to factor in the extension to REDTs product offering, especially with the expansion & development of their Food Safety Product - Red24 Assist. I believe the recent horsemeat scandal (which sees no signs of abating) can only enhance the opportunities available to REDT.

From the interims,

"Our product safety business only existed as a website under construction at the half year stage last year and yet has produced £433k of revenue in this half year; this is more than double the revenue generated by our previous service offering. The product has met a need in the market place and is now being used by nine underwriters of product contamination insurance. We expect revenues to continue to grow, albeit more modestly, as support and response work follows on from the initial advisory work."


With training revenues now also augmenting the core Security Assistance arm in a significant way, and indications that they are developing an IT Crime Product, I see substantial upside in the years ahead in terms of accelerating growth & the double whammy of a shareprice re-rating on the back of this growth and also an increased PER afforded which better reflects the companies ambitions & execution.

Regards,
GHF


Twitter : @glasshalfull1

[davidosh] 01/2/2013 17:18

jamielein...quite right. In fact I should probably have kept stumm until filled so well done to GHF. I already hold 1% here so it was just a top up at what seemed a crazy dip during good outlook for the company.

[davydoo] 01/2/2013 17:17

I bought the 35,000 for 12.25 this morning. Well done GHF for getting 11.75 and thanks for your comments on twitter this morning.

Edit. Thanks for correcting me GHF.

[cfro] 01/2/2013 16:36

Well done those of you who managed to get the price of 11.8p. I tried but was told to F-off. Manged to catch a small amount tho before they took-off.

[jamielein] 01/2/2013 15:08

Doesn't look like you'll get your 11.8 davidosh...

ghf, you got a very good price.