Redstonecon Share Discussion Threads

[gleach23] 04/6/2018 08:46

Decent buying so far this morning - tipped somewhere over the weekend?

[timmy11] 04/6/2018 08:46

where is chimers?
anyone seen him lately

[gleach23] 04/6/2018 08:11

Good to see the online Bid already up to 1.21 for decent quantity this morning - hopefully bodes well for the week ahead

[bignads] 01/6/2018 15:29

There we go - bit weird when investors are telling MMs how they should run their trades...!

[bignads] 01/6/2018 15:29

There we go - bit weird when investors are telling MMs how they should run their trades...!

[bignads] 01/6/2018 14:23

Just did a dummy trade on my £15k and they are offering the full 117 for them. Spread should be 117 to sell, 119 to buy. They seem a little bit undynamic these MMs

[gleach23] 01/6/2018 14:12

Online Bid currently up to 117 for decent quantity. Is the share price about to tackle this resistance?

[bignads] 31/5/2018 14:21

Just thinking about target share price post agreement on sale. Assuming that the software assets of the business (ex-cash) were worth about £10m, this would equate to 160p a share all in once you factor in the cash assets. 160p. Not bad.

[bignads] 31/5/2018 14:05

not sure if this has been shared before. Doesn't add much to what we already know from the RNSs etc, but I think the narrative of the journey that redstone has been on from crisis to stabilisation to opportunity is one that is pretty exciting.

hxxp://www.4-traders.com/REDSTONECONNECT-PLC-4008710/news/INTERVIEW-RedstoneConnect-Plc-Positive-Results-21-6m-Disposal-26686922/

[bignads] 31/5/2018 13:06

Post sale, we will have a company with rapidly growing software sales in a market growing at around 25% a year and with £23m cash, no debt and an experienced CEO with a track record of growing shareholder value. Yet the market capitalisation of the company is £23m. Market is assuming no intrinsic value. Bizarre. As someone pointed out elsewhere, if this was a newly established company...

[bignads] 31/5/2018 12:47

Whoever is making the market for REDS is messing around. Could sell my shares at 113p and buy them at the same price just now. The spread is meaningless and they are not interested in responding to demand/supply at this point in time.

[gleach23] 31/5/2018 11:37

Noteworthy trade just reported of 33,402 shares @ 1.1975 dated yesterday

[davidosh] 31/5/2018 01:35

Just to mention that REDS will be presenting at our MelloSouth event in Hever,Kent on 14th June and all shareholders and potential investors are welcome to attend

REDS have never presented at our Mello events before and we are very pleased to welcome Mark Braund the CEO who will no doubt explain the reasoning behind the announcement yesterday. This is an ideal opportunity to meet the management and hear about their new strategy.

Do come and join us at this quality event and there will be at least 25 other companies to meet plus some fabulous keynote speakers and a large number of fund managers presenting and on panel sessions.

[gleach23] 30/5/2018 12:23

bignads - thanks for highlighting. I can buy 2k of stock although it took 2 attempts. I can sell in higher quantity.

Looking at the 2 year chart in the header it seems that we have met a previous support level so hopefully this is just a breather and the next month or so will see us back to the 140s area, wider market conditions allowing.

[bignads] 30/5/2018 12:10

Really interesting situation today - MMs not selling stock - unable to buy any except for a token £100 stake. They will take the shares off your hands but not the other way around. Trying to stifle demand in the share at the mo'.

This is presumably because they have been told to suppress rises as they don't want this looking like too good a deal for Redstone when the deal isn't yet completed. Similarly yesterday they seemed to set a ceiling for the rise of 115p.

Be interested to see if anyone else has the same experience as me.

[bignads] 29/5/2018 16:36

New to this share but the news today looks sensible. Cash sale creates great foundation from which to grow the higher margin software business. Already experienced in that field and initial revenue figures look attractive. Have bought in today expecting significant rerating over the coming days, weeks and months.

[timmy11] 29/5/2018 11:25

REVENUES RISE TO ALMOST £50M AT 'SMART BUILDINGS' GROUP
AIM-listed RedstoneConnect has also unveiled plans to dispose of two of its divisions for £23m

Bc PropertyBc DealsBC South-East
Mo Aldalou8:07am 29th May 2018
RedstoneConnect will focus on growing its software proposition
RedstoneConnect will focus on growing its software proposition
RedstoneConnect, the AIM-listed provider of technology for 'smart buildings' and commercial spaces, has today unveiled plans to sell two of its divisions and reported an increase in annual revenue and profit.

The London-based firm posted turnover of £47.6m for the financial year to 31 January 2018, according to newly filed results on the London Stock Exchange, an increase of 15 per cent from a year earlier.

Adjusted profit before tax for the 12-month period also grew, rising from £1.3m to £2.4m.

"I'm pleased to report another year of continued operational and strategic progress across all our business units,” said chief executive Mark Braund.

RedstoneConnect has today also announced plans to sell its Systems Integration and Managed Services divisions for a total sum of £23m.

The disposal will allow the group to focus on developing and growing its software proposition in the smart building and co-working space markets both in the UK and internationally.

"Employee mobility and agile working is driving demand as commercial real estate becomes more of a user experience business," Braund added.

"We firmly believe that the significant global demand for workspace management solutions coupled with the market leading suite of services already being deployed within our software division, creates an ideal base from which to accelerate our growth."

In a statement, chairman Frank Beechinor said the disposal, which is subject to shareholder approval at a meeting on 15 June, will substantially change the shape of the group and bring its restructuring to an end.

"After what has been a very traumatic number of years where we have taken the business from crisis to stabilisation we have now reached another important junction in the RedstoneConnect journey," he said.

"From here we see a very exciting future where we build a business which is focused on high margin annuity revenues with significant international growth potential.”

Share Article

[horndean eagle] 29/5/2018 10:29

Leaving aside all the back patting the shares are still down heavily from last years placing. Not many happy holders still.

[lr4850] 29/5/2018 10:20

There is a TU - results RNS aswell

[owenski] 29/5/2018 09:59

Essentially, this is now a well capitalised higher growth potential business with GM of 85%.

Although starting from a lower revenue base, strategically, looks like a sound move/makes sense.

Can understand why no promised TU now with this going on in the background.

So far, market is voting positive on this.

[ali47fish] 29/5/2018 09:22

i bemoan the derampers who were so negative about this company not so long ago - so a please dont speculate and unless you have real insight just shut up- i am glad i stuck it out

[gleach23] 29/5/2018 09:09

Yep great news today. Total consideration £23m including waiver of the loans.

[parsons4] 29/5/2018 08:50

I agree chasbas !!