Share Name Share Symbol Market Type Share ISIN Share Description
Redstonecon LSE:REDS London Ordinary Share GB00BYWN0F98 ORD SHS 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 124.50p 122.00p 127.00p - - - 0 06:31:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 41.5 1.2 0.1 957.7 25.88

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Date Time Title Posts
10/8/201712:28RedstoneConnect : a "smart" growth play8
01/4/200716:57Save the RED ARROWS here11

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Redstonecon (REDS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-08-22 10:55:47123.5682101.32O
2017-08-22 10:55:03125.90328412.95O
2017-08-22 09:33:24123.56415512.76O
2017-08-22 08:52:57123.56717885.89O
2017-08-22 08:10:03123.56589727.74O
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Redstonecon Daily Update: Redstonecon is listed in the Software & Computer Services sector of the London Stock Exchange with ticker REDS. The last closing price for Redstonecon was 124.50p.
Redstonecon has a 4 week average price of 120.50p and a 12 week average price of 120.50p.
The 1 year high share price is 195p while the 1 year low share price is currently 112.50p.
There are currently 20,784,795 shares in issue and the average daily traded volume is 36,328 shares. The market capitalisation of Redstonecon is £25,877,069.78.
aishah: Excellent progress here. Cantor reiterate BUY and 3p target. Whitman Howard, BUY, 2.2p RedstoneConnect Plc Recovery not reflected in the share price Posted by: giles.arbor 25th April 2017 RedstoneConnect Plc (LON:REDS) a leading provider of technology and services for smart buildings and commercial spaces, announced its final results for the year ended 31 January 2017. While the prelims are in-line, more importantly they confirm the restructuring process is now complete, prove the commerciality of its cloud based platform and demonstrate a move towards higher margin services. PBT was £1.2m (against a loss last year), adjusted EBITDA grew 56% to £2m and cash from operations turned positive at £0.9m allowing a net cash position to be maintained. Whitman Howard have said that for this year, we expect PBT growth of 77% to £2.2m (previously £2.5m), implying a current PE rating of 15x. We reiterate our buy recommendation with a 2.2p price target as the turn around generated by Redstone has yet to be reflected in the share price. In FY18 we expect Software services to contribute c20% to adjusted EBIT. Our growth forecast is supported by the higher margin Software division which we expect to contribute c20% (up from 2%) of adjusted EBIT for the year ending January 2018. This follows the development of its own software, a full year’s contribution from acquisitions and additional contract wins. The adjusted EBITDA margins in FY17 for its three divisions, Systems Integration, Managed Services and Software were 4%, 13% and 21% respectively so it can be seen that the focus for Redstone is on the higher margin service. This is not to say that Systems Integration and Managed have not enjoyed their own successes with adjusted EBITDA growth of 124% and 13% for the year to January 2017, with them both winning and renewing key contracts. Revised PBT growth for FY18 is 77%. Our revised FY18 PBT forecast reflects increased non-cash expenses arising from the acquisition of Commensus in 2016 (i.e. amortisations) and the implementation of a new SAYE scheme. That said, we are still expecting 77% PBT growth in the current year. Structural change in the demand for smart buildings. We believe, the market continues to underestimate Redstone’s recovery and transition into higher margin software services. It is becoming increasingly evident that the demand for smart building and commercial space technology is not a bubble, cyclical or discretionary, it is a structural change recognising the increased need to manage buildings better. Redstone’s product range is clearly resonating with this theme and with the market still developing and adapting to new products, Redstone is rapidly establishing itself as a market leader in a growing market.
parsons4: A much higher valuation is justified, say ebitda next year is £2.5m on a PE of 20 would give a valuation of £50m giving a share price of 3p+. The big question is should this be rated as just a building company (ie a low PE) or a technology type company on a much higher PE !!!!!!
curriedquaker: Disappointed we weren't told who the major tech company was or details of the contract. But overall things look to be going the right way. Look forward to 2 years time with projected profits of £3.5m and a share price of 4.5p. Until then, steady as she goes. DYOR.
aishah: Redstoneconnect (LON:REDS) Share price: 1.65p (up 15.8% today) No. shares: 1,633.2 (taken from RNS dated 29 Apr 2016) Market cap: £26.9m (at the time of writing, I hold a long position in this share) Contract to deliver in-building cellular - I don't normally comment on contract wins, as so many of this type of announcement is spurious. However, this looks quite interesting. Reading between the lines, it sounds as if the client might be Google's new London HQ, a campus being built near King's Cross station. You can't really get a better reference site than that. Therefore, this contract could be a catalyst to enable REDS to win much more business. More at Small Cap Value Report hxxp://
haywards26: Great contract announcement - the share price should be around 2p excluding this latest big name contract addition, based on the profitability growth that is being recorded/achieved.
haywards26: Strong trading update this morning. The quoted EBITDA figure was slightly below what I had penciled in (probably me being greedy) I was thinking it would be a 20% (ish) increase on the half year EBITDA figure of £0.9m. Giving a total for the year of £2m rather than higher end of £1.5-1.8m as per the update this morning. Not far away granted. I do like the CEO's words of "transform the future earnings of the company", and "looks forward to the future with great confidence". The share price should already be over 1.50, so look forward to further rises over the coming weeks, months and years as the company continues to progress, build and transform :)
wooluf: the share price should be 3p really incredible
value viper: Yes, something just gotta be going on here with huge volumes and no movement really in price.........Will there be more info before Xmas that is the question As I've suggested in previous weeks,Probably explains why directors haven't bought any shares despite the lowly level of the share price
value viper: I have personally little doubt that the management team here have healthy aspirations for their prospects and share price. I reckon at these levels they could be close to a 10 forward PE, with net cash and growth markets. Not many IT outfits on this type of valuation anywhere. One or two decent wins could bring much improved visibility / outlook which could mean and multiple of 15 would be very reasonable imv. That means the share price could go what 50% higher than this over the nearish term. They are talking good times in 2017. I am happy to bottom drawer these comforted (I believe) that someone like Mark Braund isn't gonna be content until things look much better than this. AIMHO. I agree the chart doesn't look too hot but how much tech analysis really is done with these AIM small caps; things can change on a sixpence.
lr4850: Cheers counting cards. I reduced my exposure here to try and recoup some loses on the other share. If the timing comes good there I am thinking about buying back here if the price remains at this artificially low level. I have seen other shares announce profits of close to a million and the share price has reacted positively. Does not seem to happen here. ATB and it will be interesting on the other one in the very near future - in a positive way I very much hope.
Redstonecon share price data is direct from the London Stock Exchange
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