Redcentric Share Discussion Threads

[cousin jack] 13/9/2020 22:24

I have entitlement through two nominee accounts. Via AJ Bell I have a choice of four options:
1. 0.13 of an Ordinary share and 2.66 pence in cash per net share (Equivalent to approximately 17 pence in value) (Default)
2. 100 percent cash
3. 100 percent ordinary shares
4. 50 percent cash and 50 percent ordinary shares

However via Sippdeal the only option is 0.13 share/2.66 cash.

What options are holders with other nominee brokers being offered ?

[pomp circumstance] 02/9/2020 15:11

as predicted recently - up for sale

[sharw] 28/7/2020 14:25

My shares are in the nominee a/c for my ISA. I have now had notice from the provider (ii) that if I instruct them they will apply on my behalf. Hopefully this means that the proceeds will stay in the ISA.

[tday] 07/7/2020 13:05

sharw. Thanks for that - much appreciated.

[sharw] 29/6/2020 12:11

TDay - I think you have to download this form:



The accompanying FAQs say nothing about nominee a/cs so I will try this route first.

[mrbbd] 26/6/2020 19:41

But what you buying this company for? there are loads in the marketplace, they have just been through the FCA investigation and now have to pay out up £11m in restitution. Just buying debt.

[pomp circumstance] 26/6/2020 19:24

Bid rumours should come again now the investigation is done and positive trading statement

[tday] 26/6/2020 18:05

Re payment of the restitution, how does one claim, or will the brokers contact the relevant shareholders or nominees?

[spurslegend1] 26/6/2020 16:05

Redcentric surged 18 per cent to 127p after raising its expectations for quarterly recurring revenue orders and customer installations

[pomp circumstance] 12/3/2020 08:05

Bargin buy here, they are raking it in on the back of the virus!
Investigation soon to clear them
Major orporate action must be on its way after new broker appointed recently
Great opportunity to buy here

[mrbbd] 22/11/2018 16:36

"He removed the sales directors!!"
Ai and installed ones that dont work... :P

[fgump] 22/11/2018 16:05

He removed the sales directors!!

[mrbbd] 22/11/2018 14:40

Market over-reaction. You dont reduce debts from £39m to £22m without selling something. Shareholders need to realise they cant cost cut their way to greatness and also understand the market they have invested in. Defenestration of the CEO.. sounds like the Sales Director needs to go as well.

[chimers] 22/11/2018 13:29

Up for sale/grabs!!

[mw8156] 22/11/2018 10:39

looks as though the chief was sacked because the sales effort failed, was misdirected to the public sector where competition is fierce, failed to land a number of contracts and will lead to a sales shortfall this year; next year's sales may recover but margins might be further squeezed; a token dividend declared to try to placate shareholders has also failed to reassure, agree not compelling.

[mister md] 22/11/2018 10:19

operating profit approx 0 on declining sales
net debt 22 m
Marketcap 90M

not to mention last years 'accounting misstatements' ...

Doesn't look very compelling to me

[skara brae] 22/11/2018 10:08

Sheesh....this must be oversold now, no?

[sharesoc] 06/9/2018 12:05

There is a recent AGM report on Redcentric available here:

To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here:

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here:

[simon gordon] 27/4/2018 14:22

Yorkshire Post - 26/4/18:

IT firm Redcentric has been selected as preferred bidder for a four-year contract for the combined Health and Social Care Network (HSCN) and Public Services Network (PSN) for the Yorkshire and Humber region that could be worth £70m.

The Harrogate-based group said the framework agreement covers local authorities, emergency services, transport and health sectors.

Analyst Andrew Darley at FinnCap said: "Redcentric has announced its selection as preferred bidder for a four-year contract win worth around £70m.

"When signed, we believe this will be the largest contract win ever for Redcentric, and reiterates the quality of service the group provides, won in a full competitive process against industry titans.

"With such a statement of confidence from the customer base, and such a scale of win, the market should now continue to appreciate the rehabilitation of the group and the positive influence of the new management team in demonstrating the quality."

Redcentric said the arrangement will connect public sector organisations across Yorkshire and the Humber region, reducing costs and enabling more efficient and integrated delivery of services.

A total of 65 organisations will be able to connect up to 3,000 of their sites through Redcentric, rationalise their existing infrastructure and achieve significant savings by doing so.

The framework ​will be​ awarded for a period of four years and has the potential to add up to £15m to £20m of incremental revenue per year. Redcentric expects to deliver between £1m and £3m of revenue from the framework in the current financial year and expect this to increase over the life of the agreement as services are mobilised and rolled-out across the Yorkshire and Humber region.

Chris Jagusz, ​c​hief ​e​xecutive of Redcentric​, said​:​ "We are proud to have been awarded this framework, it is a great example of a flexible and collaborative partnership between public and private sectors. It also demonstrates Redcentric's credentials as a trusted and reliable technology partner."

[inthemix] 26/4/2018 17:26

Fantastic news today! Surprised we didn't hit at least £1... Definitely bullish in recent weeks an seems to be under the radar.

[walter walcarpets] 23/4/2018 17:49

Not wanting to sound spivy, but rumours of a big contract win here. NAI, DYOR etc.

[chimers] 04/9/2017 10:27

Ah well.............