Redcentric Share Discussion Threads

[cloudwars] 04/12/2013 08:28

Richjp - have you looked at NASA another kestrel holding. Prelims out soon.

[richjp] 19/11/2013 17:50

Pomp, I think you have summed it up very nicely.

I have done very nicely following Kestrel this year:

FFA - company since sold at a nice premium
KBC - 35% up since I bought in earlier this year
GHT up 100% this year and recovered remarkably since Kestrel became involved a few years ago.

Following Kestrel may not be a scientific method but it has worked very well for me so far.

[chrisgail] 19/11/2013 09:48

Onwards and upwards!

[marben100] 18/11/2013 17:11

If you could buy shares @ 80p, when they had been walked down from 92p 2 months before, & been doubtless fully briefed by management, why wouldn't you?

Not exactly a "level playing field".

We haven't even had meaningful results for the preceding year yet.

I'm an investor, investing based on numbers, not a gambler speculating on what others may know or guess. Hope it works for those that speculate on this. Not for me.

Mark

[richjp] 18/11/2013 16:27

I bought into this some time ago on the basis of Kestrel's involvement as I have had good results elsewhere when Kestrel has been involved.

I see that they are increasing their holding and I am tempted to add to mine.

[varies] 18/11/2013 16:03

The price paid for InTechnoogy looks enormous, nearly 20 x profits before tax, but the doubling in size of RCN will obviously make the group interesting to more institutions.
My feeling is that the price will rise in the next few weeks and I hope to sell out in the New Year at 110p being, like others here, rather discenchanted.
If Redstone and Redcentric had remained together, the RCN would have needed to raise c£9m less.

[bubbleandleek] 18/11/2013 09:58

bad move. transformational deal.

[marben100] 18/11/2013 08:57

Pretty disgusted by complete disinterest inn interests of private investors by management. Bare minimum of info. provided. Massive dilution after price walked down for weeks. PIs should have been given a chance to participate at the the same price as instos by an open offer.

Hence, I sold out this morning @ 89p.

Cheers

Mark
Twitter @marben100

[rhotoid] 28/10/2013 11:09

james8
Mainly contract renewal rather than wins.
It's prompted someone to go large and buy a full 3 shares!

[james8] 28/10/2013 08:32

contract wins RNS

[marben100] 30/9/2013 13:59

The "disclosure" includes figures for the 6 months immediately preceding the demerger. This data was not available & hence was not included in the prospectus. Don't think the company really wanted to release it, as it's not that representative, as the commentary explains, but they were forced to by AIM regs.

I agree that it's hard to form any view based on that data.

The first real numbers should cover the period from 8th April, when Redcentic was formally demerged, to 30th September, I believe. Hopefully we'll get a release on that before the end of the year.

Cheers,

Mark
Twitter @marben100

[glasshalfull] 30/9/2013 13:56

The only important snippet was update on current trading & while they indicate that it's "in-line" it looks to be that there is risk to the downside following the commentary..."ICT project activity lower than anticipated...in the medium term...revenues and EBITDA H2 weighted".

Current trading and outlook

The Redcentric businesses have, as outlined in the trading update on 28 June 2013, since the date to which the latest financial information was included in the Admission Document, continued to renew existing contracts and win new business.

The continuing trend is towards winning multi-year managed services contracts at attractive margins while ICT project activity has been lower than anticipated. This is a positive trend for the business in the medium term but will make the expected revenues and EBITDA for the current year second half weighted.

Since the Demerger the Company has announced a number of contract wins, worth approximately £9.4 million of total revenue over five years.

The Company has been pleased with the reception which the Demerger received in its core markets, with all major clients responding positively to the strength of the combined managed service offering, and the establishment of a clear and focused identity and corporate presence.


Tony Weaver, CEO of Redcentric plc, commented:
"The business continues to perform in line with our expectations and in keeping with our stated strategy we have focused on winning multi-year managed services business. I am delighted that our key customers are already seeing the advantages that the combined product offering brings, and have the confidence to award us new contracts and renewals with additional services."

---

Given the outlook is less bullish than I anticipated, I remain on the sidelines.

Regards
GHF

[mctmct] 30/9/2013 13:23

Today's supplementary is impenetrable to me. Has anyone seen a commentary?

[bill216] 11/9/2013 10:39

Are Results out on 16/9 as per morning star? Anybody else know?

[marben100] 09/9/2013 22:07

From the RNS:

Threshold crossed: 23%
Holding before: 14,262,352
Holding after: 14,397,352 (23.08%)

Therefore definitely a buy, 135,000 increase as Wh1spa says.

[wh1spa] 09/9/2013 19:49

135,000 purchase. I remember seeing it last week. 90p if memory serves.

[joseph moran] 09/9/2013 18:59

Are we sure that it is a buy as the share price has dropped on the last few trading days.

[wh1spa] 09/9/2013 17:59

Maybe they see value here!

[mctmct] 09/9/2013 16:52

Why is Henderson still buying? 23% seems surprisingly high.

[norbert colon] 25/7/2013 19:12

Redcentric Find out more about our revolutionary managed Wi-Fi service in a free webinar. Fri 26th July at 10am hxxp://lnkd.in/qknJgT

Found this on linked-in. May be of interest.

[joseph moran] 24/7/2013 12:53

Something strange going on as RCN Bid: 92p Offer: 92p Change: -1

same with red RED Bid: 0.799p Offer: 0.799p Change: -0.026


no spread quoted on TD Direct Investing

Has anybody any ideas as to what is happening with these shares