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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Redcentric Plc | RCN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.69% | 144.00 | 14:37:40 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 144.00 | 144.00 | 144.00 | 145.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 13/1/2022 12:21 by bagpuss lives Looks like a bit of a transferral of shares going on at the moment. Another couple of days with big trades being posted around the 122 level. 600k yesterday and another 450k today. It would seem someone is offloading and it is being mopped up by the Company and some of the other institutional investors who have posted hefty purchases on RNS's without much movement in the share price.Once this transfer has been fully worked the shares can go back to the normal supply and demand rules. Bagpuss |
Posted at 24/12/2021 09:26 by masurenguy Virtually no change in the major institutional and other investor shareholdings over the past 9 months. The shareprice fell back circa 12.5% after last years results were published in July but it has subsequently stabilized around 120p since then. My post #992 on 12 AprilAt 31 March 2021 circa 87% of the shares were held by the 10 largest shareholders. Kestrel Investment Partners: 18.09% ND Capital Investments Ltd: 15.91% Lombard Odier Asset Mgt: 12.44% Slater Investments: 11.91% Harwood Capital: 11.65% Richard Griffiths: 5.5% Chelverton Asset Mgt: 5.2% Artemis Investment Mgt: 3.1% Stephens Group Inc: 2.05% Granite Associates: 1.31% At 20 December 2021 circa 87% of the shares were held by the 10 largest shareholders. Kestrel Investment Partners: 17.59% ND Capital Investments Ltd: 15.88% Lombard Odier Asset Mgt: 13.15% Slater Investments: 11.88% Harwood Capital: 10.92% Chelverton Asset Mgt: 5.75% Richard Griffiths: 5.185 Artemis Investment Mgt: 3.09% Stephens Group Inc: 2.04% Granite Associates: 1.3% |
Posted at 18/5/2021 11:53 by mrbbd Masurenguy - my mistake, it wasnt from an RNS as sharw mentioned. Whats the importance; for me IMHO; attention to detail from the board. SportsDirect will have massive IT infrastructure, so will they need to deal with RCN in the future? This is one example of there 600 clients, there are others. DYOR. Its widley publically pubslished; DWP, NHSD are leaving/left that already.RCN for a while used to publish lots about Pizza Express as big customer; that chain has significant challenges due to COVID19, so as an investor, ideally we would all like to know more about the challenges, regarding these revenues & values. Its not deramping, its pragmatic. Nothing we say on here will have any material effect on an share price The org is run by accountants now; CEO is ex CFO and current CFO is the ex Finance Director. Where is the boards strategy for the technical vision for the next 3-5 years. Standby my post, its for sale and GL to anyone who buys in at these current prices. GLA |
Posted at 17/5/2021 20:34 by masurenguy Thanks sharw - my post 1000 just quoted Master Investor and their inclusion of Evans Cycles could presumably relate to them as a current functioning client under Sports Direct ownership rather than ECI Partners their previous private equity owners. In either case it really is totally insignificant issue. Thanks for highlighting mrbbd as a deramper here - his future posts will consequently be disregarded. |
Posted at 26/4/2021 15:56 by masurenguy Main points from the above MV link as a quick reference for new prospective investors.Listed on AIM in 2013, RCN is an IT managed service provider, delivering highly available network, cloud and collaboration solutions that help public and private sector organisations to succeed. With over 450 employees, it operates through six different locations and has multiple data centres in the UK, providing a 24-hours a day, seven days a week maintenance and support network. The group has over 800 customers using its various services. Clients include Hays, Howdens, the NHS, the CBI, Virgin Care, Yo sushi, Devon Doctors, Black Pear Software, Teletext holidays, Thomas Pink, the Royal Air Force Benevolent Fund, The Salvation Army, VP, RIBA Architecture, West Berkshire Council, Best Food Logistics, University of Lincoln, University of Westminster, Evans Cycles, Coastal Housing Group, Bevan Brittan, West Berkshire Council, Proactis, Ascot, and the Cumberland Building Society. There are 156m shares in issue. Larger holders include Kestrel Investment Partners (18.09%), ND Capital Investments (15.91%), Lombard Odier Asset Management (12.55%), Slater Investments (11.91%), Harwood Capital (11.65%), Chelverton Asset Management (5.20%), Artemis Investment Management (3.10%), Stephens Group (2.05%) & Granite Associates (1.31%). There is one private holder Richard Griffiths (5.50%) worth noting. In the last year the group has undergone a process of cost-cutting measures aimed at reducing such outflow by £2.8m. The update informs us has actually been bettered to £4m of annualised savings. The house broker, finnCap, currently have earmarked the group’s shares for a rise to 170p. They are estimating that revenues for the year to end-March were around £92m (£87.5m), with adjusted pre-tax profits coming in at £13.3m (£8.7m), generating 6.9p of earnings (4.7p), covering a 3p (0.8p) dividend. However, I think that perhaps they are being too cautious in going for just £94m of sales this current year, profits of £14.8m, earnings of 7.6p and a 3.3p dividend per share. Redcentric annual recurring revenue rates (ARR) were showing a very healthy 87%. Couple that rate with ongoing operational economies and exponential gains can be created. The finals will be released on 24 June, at which time I would hope that we will get even more positive news from the group regarding current year prospects and its objectives going forward. |
Posted at 07/4/2021 22:20 by simon gordon "Good acquirers with the opportunity to deploy the majority of their free cash flow into acquisitions have enormous future optionality that isn't captured in the numbers you see today. In my experience, investors often under-estimate this source of future value creation."The Undercover Fund Manager |
Posted at 10/3/2021 15:29 by sphere25 Warning from the Mrs? I'm sure everybody sells on that :-)So what is worse: - Missing out on larger gains and a sharp rally higher because you took the cautious rules based approach on a director sell and de-risked some? or.. - Staying fully long without at least downsizing the position on the back of a director sell in ignoring the rules to then get some form of clobbering? Bear in mind that trading appears to be ok, shrewd investors like Slater and co aren't going to be dumping and that the director trimming a small amount isn't a full on sell signal. Nonetheless, in the interest of risk management, the questions still have to be asked. There are so many sharp moves higher out there for all too, that it is easy to get carried away in cloud nine and not ask the logical questions. It is a frenzy out there, which can afford most the luxury of taking a hit, even numerous hits, but that is still not the way. Considering the news, this could also be seen as a form of paranoia, but it's not just about this bit of news, it is also about any other bearish/iffy news that might appear and how we react to new pieces of information on any share. I have decided to play it cautious and de-risk, just in case. That is the way I approach markets, but it could be a case of coming back and looking like a lemon. Happy to be a lemon in the name of rules in public. I have more peace of mind in missing a sharp rally and larger gains because I played it too safe rather than getting a clobbering knowing that I ignored them. There is no drama with the price, it is doing nothing and continues in a sideways range awaiting further news. Highly doubt the rules will change at this end, cautious approach will continue. There are alot of smart posters on this board and others here who have been around for decades. That continues to be the aim. All imo DYOR |
Posted at 10/3/2021 11:22 by mrbbd The current CFO is also the ex-Finance Director, so has been present for the last few years fun and games regarding the accounting mis-statements, FCA and the ongoing saga.IMO he has taken the opportunity to take £35K before the end of the tax year, and make a few quid. Personally I dont believe he should have options over another 250k shares. In all the mess Redcentric have been in, making redundancies, slow decline of sales & sales book (so far) the only compnay people who appear to have benefitted are David Senior and Peter Brotherton (ex-CFO now CEO). Followed this company for a significant amount of time, and do not hold the RNS's in that much esteem. Would like to understand where RCN will get funding from, considering some large investors have sold and they have just paid £10m in restitution, to fund Johnson's statement that they may make acquistive purchases - leading investors to believe they may go and buy any organisation. Given the size of RCN and potential companies for sale/in trouble, can they afford it,or will it be a minor/minnow org that add's a "capabaility", but in reality low RMR. Believe this organisation would be better focussed on organic growth, internally from within the business, if the two bean counters can ever let go of the purse strings. |
Posted at 18/2/2021 16:09 by simon gordon Sphere,Clear out must be coming to an end soon after the massive volume on 21/12/20, yesterday and wee bit more today. Think it could move up toward 140p / 150p area once seller cleared. 85% recurring revenues, top line growing again and company energised and totally focused on growth now the FCA restitution scheme agreed. "The Perfect Beast" ~Edit - 89% recurring revenues. - Citywire - 28/1/21: In the January factsheet, Niznik reported the addition of Redcentric, which provides data connections and hosting services to UK businesses, to the £398m fund at the end of last year. He said services were ‘provided under long-term contracts that generate recurring earnings’. ‘The shares have been under something of a cloud for the last three years as the company was the subject of a Financial Conduct Authority investigation regarding the misstatement of accounts, under the previous management,’ said Niznik. ‘This investigation is now concluded and misled investors have been compensated. With that cloud now banished, the outlook for Redcentric [is] far clearer.’ Shares in Redcentric closed 3.5%, or 4p, higher yesterday at 120p. They have fallen 1.6% since the end of December. |
Posted at 21/12/2020 09:29 by mrbbd 4.5m shares dumped this morning that is what happened. Maybe Market Makers dumping a load of stock they have accummulated, or perhaps a big investor. If the latter, then you may expect an RNS. Clear out before Xmas (and Brexit) whilst everyone is busy with other things. |
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