Share Name Share Symbol Market Type Share ISIN Share Description
Red24 LSE:REDT London Ordinary Share GB00B297TG43 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 26.00p 0 06:30:09
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 6.6 0.6 1.0 26.0 12.87

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Date Time Title Posts
05/3/201709:14Red 24 With Charts & News1,098

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lanzarote666: A sharp fall today, and rightly so. It seems that the new Allianz contract is nowhere near big enough to replace the HSBC deal and the tie up with Risq Worldwide is taking time to deliver and there are costs - or ‘investment217; - that are likely to impact on current year profitability. I have been here before. Seen good value at 20p only to see the share price halve on the loss of the contract and then recover and provide me with a profitable exit over an 18 month timescale. So at 21p we have a £10.5m market cap and the share price has been hit. We often see this on small caps as a number of holders all sell on bad news. With £800k of profit suggested, I think fair value is probably around 20% lower than current price but we shall see. The cash balance and dividend increase provides some reassurance that the Directors have a positive outlook. Finncap have reiterated a target price of 27p today, but that puts a lot of reliance on continuing the growth and winning new deals. I am willing to buy in to that hope in a world where security has a part to play, but not until that price is within the range 15-18p and offers a better risk/reward ratio. Watching with interest. GLA.
battlebus2: I agree Stegrego results are not what i'd hoped for and the share price reflects this, a very disappointing day but worth holding for the longer term, no rush to sell if your in at 11p.....dyor etc.
lanzarote666: Some healthy profit-taking and then again the share price pushes on today. This bodes well given the small market cap. News coming?
battlebus2: Funny i also like them :)) and a share price at new recent highs :))
davydoo: I am speculating here, but if they halve the interim dividend to say .11p and retain the annual dividend at .23p then a dividend of .33p against a share price of 12p is a yield of 2.75%. This is in keeping with the div yield of the past few years. It also resets the dividend to a similar rate as 2 years ago. It would also enable the co to accelerate the transition from previously paying only an interim divided to paying annual and interim on an approx 2/3 1/3 basis, which is typical of other co's and I recall being stated as a plan previously. They have the cash to not make rash decisions over dividends, they have also said the cash gives them a security buffer to win long term insurance contracts which is perhaps a better way to grow business than making acquisitions. Presuming the loss is HSBC, then losing all/some of that deal actually removes what was previously one of the biggest risks to the company. 5 years ago it would have sunk the company, now they can cope. (I think this is more than clutching at straws or trying to find positive in a negative) A risk though is perhaps how much being a supplier to HSBC opened up doors and gave credibility in other deals. Further, the cash and the freehold building in South Africa, means the company has half its current mkt cap in assets. strip these out and the company is worth less than £3m but is forecast to make £500k pre tax profit. These are all very rough figures, I need to look closer but I am likely to be a buyer again. The numbers seem to stack up, and it would be a vote for management. They aren't able to control decisions of global banks, but i'm confident will adapt.
sladdjo: FYI - apparently from Shares mag. The market has misunderstood the figures connected to Red24's (REDT:AIM) sale of its 25% stake in training business Linx. The unit contributed £173,808 to operating profits last year, according to accounts published by the firm (17 Jun), so a sale price of £375,000 does not on the face of it appear to be a particularly good one, equivalent to a multiple of profits of just over two times. But the first figure includes a £114,000 fair-value adjustment and some legal costs, so underling profits were actually £54,000 meaning the unit was actually sold at a much-better multiple of 6.9 times. Frustratingly, none of this detail was included the published accounts on the day, hence why investors were right to be confused, precipitating a 15% share price sell-off. While clarity may help calm nerves, the loss of the unit has pushed earnings forecasts back a year with house broker Finncap's previous 1.8p March 2015 earnings per share (EPS) forecast now on the slate for 2016. The new March 2015 EPS forecast is 1.5p. Sentiment is understandably poor towards the stock, but we remain bullish longer term and believe investors should stick with Red24. It has invested for growth so the next stage is converting that into new business. We are encouraged by a good start to operations in Germany.
activeinvestor: red24 plc (ticker:REDT) Camco Clean Energy (CCE) own 49% of the REDT company. red24 plc and REDT are two different companies. partridc00: Always do your research fully before investing, if not you are just gambling. The rise in share price of red24 plc is not linked with CCE.
glasshalfull: 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
davydoo: Same here Norbert. Share price at the same levels it was 18 months ago, but look at the improvement in the business since then. Approx £700k cash added, a new food safety business launched, a 20% increase to div plus another 20% forecast for the next div. New senior management releasing the CEO to focus on growth. Purchasing office in South Africa.
norbert colon: Anyone checked out the share price 10 years ago.... ....yes you guessed it. 13p 22 APR 2002. Amazing.
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