Share Name Share Symbol Market Type Share ISIN Share Description
Redcentric LSE:RCN London Ordinary Share GB00B7TW1V39 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +1.43% 71.00p 71.00p 71.25p 72.25p 70.00p 70.00p 516,937 16:29:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 104.6 -4.2 -1.6 - 105.69

Redcentric Share Discussion Threads

Showing 851 to 871 of 875 messages
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older
DateSubjectAuthorDiscuss
06/7/2017
09:56
Tech Market View - 6/7/17: Thursday 06 July 2017 Redcentric wins £2.5m VDI contract with Virgin Care Redcentric’s £2.5m, five year contract to supply virtual desktop infrastructure (VDI) to NHS and social care services provider Virgin Care appeals to TechMarketView on two fronts. Firstly, it is another indication that Recentric’s recent troubles are not affecting its ability to win business, whilst the deal will substantially expand what we think has been a modest VDI revenue stream for the AIM-listed managed service provider to date. Secondl it highlights how the NHS continues to modernise and optimise its core IT service provision by migrating applications and systems into cloud hosted environments which can be quickly provisioned and configured to streamline staff access. Redcentric has worked hard to cement its reputation as a trusted supplier to the UK healthcare sector in the last 12 months. It was awarded Health and Social Care Network (HSCN) compliance in May, approved as a supplier to the government’s Digital Outcomes and Specialists framework in February and won a contract with NHS Digital in January. With those credentials now firmly established, we can’t help but feel that more healthcare contracts will be on their way to Redcentric in the current financial year.
simon gordon
29/6/2017
10:35
CALYX. Thams yar hint.
chimers
29/6/2017
10:29
Tech Market View - 29/6/17: Redcentric seeks redemption in FY17 revenue UK IT service provider Redcentric released meticulously audited FY17 revenue following the accounting misstatements revealed last November, for which the company remains under investigation by the Financial Conduct Authority (FCA). Turnover for the year ending March 2017 was £104.6m, up slightly from restated FY16 figure of £102.4m (revised downwards from the £109.5m originally reported). An operating loss of £3m reflects £5.5m of one-off charges, much of which are related to that restatement and ongoing investigation. These include an accumulation of overdue and uncollected debts resulting in credit losses of £2.9m being recorded in FY17 alongside £1.3m of auditing fees to Deloitte and Nabarro. The FY17 numbers will be particularly painful for shareholders - adjusted basic earnings per share (EPS) was 4.45p, but a statutory EPS loss of 1.60p meant no dividends were paid. Only time will tell just how harmful the last 12 months has been for Redcentric from its investor and customer perspective, but the company is progressing well with the subsequent damage limitation campaign. Following a boardroom overhaul and the appointment of a new CFO, new financing facilities were secured to service current debts of £39.5m after original banking covenants were breached. The under-fire finance department has been bolstered by additional personnel and tighter controls designed to prevent the incorrect recording of cash receipts and supplier payments that got Redcentric into so much trouble in the first place. FY17 turnover suggests business may not have suffered too much so far. Network and cloud service contract renewals worth £12.5m were signed with four public sector organisations during the year. Redcentric also won 88 new deals worth £19.4m, including Pizza Express and NHS Digital (it was one of multiple network service providers to be included in the Peering Exchange contract for the new Health and Social Care Network earlier this year). Shareholder patience is being sorely tested but if Redcentric can keep winning new business and cross-selling additional services to existing customers, it shouldn't suffer too much in the long run.
simon gordon
31/5/2017
20:07
Is anyone able to advise if MXC met the performance criteria to exercise the 7m shares option at 80p? Exercise conditions at any point after 15th November 2016 provided average mid market closing point in preceding 10 working days being greater than 112.4p. Would this include 10 working days before the 15th November 2016? - I'm new to financial statements - sorry! If it does by chance this happens to coincide with a director standing aside on 1st November and then the share price collapsing after the accountings? disclosure on the 7th November?
stur7672
16/5/2017
09:39
IT firms hope for cyber hack boost as businesses tighten up their defences after global hack Cyber security and IT firms are set for a lift this week as spooked businesses tighten up their defences following Friday’s global hack. They were told to update their security software after the attack on the NHS, Telefonica in Spain and FedEx in the US among others. Technology analyst Paraag Amin said the warning was likely to benefit cyber security consultants and IT services firms – such as Redcentric, Coretx, NCC and Sophos. Read more: http://www.thisismoney.co.uk/money/markets/article-4505278/IT-firms-hope-cyber-hack-boost.html#ixzz4hEGqS940
aishah
10/5/2017
09:29
Anyone been locked up yet? Rumours it could be on the cards and staff jumping ship to a newco connected with prev management
pomp circumstance
09/5/2017
22:31
Statement reads well, so is there hope here?
shepc
20/3/2017
16:34
Be good to see some management purchases via RNS. That would show a vote of confidence that the misstated accounts are history/ old news. ( Not 'fake' news !)
wh1spa
20/3/2017
09:05
I thought that the FRC were brought in to investigate PwC over their auditing of RCN accounts? This announcement today was to be expected - as a shareholder I would like the FCA to have a look and see if there have been any shenanigans. (PwC could be hit with a big fine and have to compensate RCN...)
wh1spa
20/3/2017
08:44
H1 revenue £53m with EBITDA of £9.1m. Could fall prey to a predator.
aishah
20/3/2017
07:39
I bet you lot dont like Mondays!! You aint gonna like this one thats for sure. Ding ding...........thud.
chimers
07/3/2017
16:08
Until the parasites MXC Capital are completely out (7m of options to exercise at 80p)its just going to drift. See Richard Griffiths has a 10% stake and he's no mug. Good business trying claw its way out of a bad situation. As a long term investment/ take out proposition looks quite attractive.
smithless
04/3/2017
12:40
2012. Of course hedge funds can be by their nature activists. But apart from pure conjecture on that, where in any event is the incentive to sell or to buy the company to be found at the moment. Unless the view is taken early it's badly damaged goods ( market doesn't seem to think so currently ) and best absorbed by a willing buyer at a profit to those then calling the shots.
suneday
04/3/2017
12:22
Mandeep Manku, who previously worked at outspoken activist investor Daniel Loeb's hedge fund titan Third Point, has set up and launched his maiden hedge fund this month, HFMWeek has learned. According to a source familiar with the plans, the new firm, based in New York, is called Coltrane Asset Management
opodio
04/3/2017
11:50
Interesting to read floated ' suggestions' of takeover, on here and other site. Not gained any traction yet. What's all that based on? Why? Something to do with Coltrane? If so, Master fund for high net worth individuals, as per the usual hedge fund prospectus, with a declared interest in investing long and short ( I make no suggestion of any shorting by anybody here ) in European companies. Anything else?
suneday
03/3/2017
13:07
Today's RNS simply says that MXC has gone below 3% but their own tells a bigger story - they sold 5.3m shares. http://www.investegate.co.uk/mxc-capital-limited--mxcp-/rns/sale-of-redcentric-shares/201703031006564650Y/
sharw
01/3/2017
16:39
RCN is not the problem here. RCN is past the worst re this investigation. If anything RCN stands to get some money back if the Calyx deal is found to be not as it should have been re Tony Weavers close very close connection to both MXCP and RCN at the time this deal took place. If I were an RCN director I would be demanding that MXCP refund my company £8 million pounds as this is the amount in my opinion that RCN over-payed MXCP to obtain Calyx a company that had been stripped of £5.5m worth of its assets before the carcass was dumped.........oops I mean sold to RCN.And taking into account MXCP bought Calyx as a whole for £9m only a few weeks previously then they clearly valued Calyx at £9m. Lets be honest they couldnt even wait for the ink to dry. How on earth could RCN have done proper due diligence on Calyx within 3 weeks. We all know how long these transactions take and its usually 6 months to a year. How on earth did RCN manage to value Calyx at £12m within 3 weeks of MXCP buying it for £9m and selling part of it for £5.5 million, before then selling the rest to RCN for £12m ? "Hello Mr Weaver its MXCP here " 'Yes how can I help me oooops I mean you' "Well we were wondering if you would be interested in buying a company from us" 'Well we might be what is it and whats it worth?' "Well we want £12m for it" 'Ok that sounds fair what did you say it was called again and how did you and I come to the £12m valuation?' "Its called Calyx (remember we ran it past you when you were wearing your mxcp hat)" 'Did you ? I dont remember that' "It was a few days ago" 'Nope dont remember a thing' "Well do you want it or not?" 'Who are you again?' "MXCP your advisors" 'Well your our advisors so if you think Calyx is worth £12m then who are we to argue' 'How much did I buy it for when I was wearing my MXCP hat ?' "Why have you forgotten that as well" 'Apparently so' In a nutshell...................IT STINKS. CTP, TAX, COR,365 and MXCP ALL NEED TO BE INVESTIGATED AS A MATTER OF URGENCY .....in my humble opinion. But hey wtfdik.
chimers
01/3/2017
16:21
Interesting that the yanks are increasing ! RCN sitting duck (can ducks fly across the pond?)
wh1spa
01/3/2017
12:32
And all the others in the barn. I made especially sure of that. Its in everyones best interest.
chimers
01/3/2017
12:30
Oh they are focusing on the company ...........I made certain.
chimers
01/3/2017
11:49
MXCP reducing their holdings - there is the vote of confidence at this price!
kemche
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older
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