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 Shares Traded Last Trade
  +0.00p +0.00% 101.25p 0 01:00:00
Bid Price Offer Price High Price Low Price Open Price
100.00p 102.50p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 47.57 1.46 7.69 13.2 21.0

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Date Time Title Posts
24/10/201811:13RedstoneConnect : a "smart" growth play466
31/5/201811:07Interview with Redstoneconnect -
01/4/200716:57Save the RED ARROWS here11

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bignads: I think the share price reaction comes from shock about the timing and fear that the company doesn't know what its doing. However, in some ways, this is a good thing. We now have a company with a fresh new start, a new CEO with considerable expertise in SaaS and digital companies (check out his CV) and buckets of cash. Ideally, we'll get an up-beat AGM message later today and then some contract wins in the coming weeks to show that the strategy is working.
bignads: 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.
its the oxman: Current chart and share price says everything, the co and it's financial performance has been a basket case in the past, hopefully improving now on what it seems could become an interesting growth story, but clearly the market has heard it all before and is unwilling to believe. Needs some hard numbers , free cash flow , and a strong outlook message demonstrating significant profitable contracts are being won.
weatherman: They reported strong contract momentum the end of last year, which should give them a good start to this year. Historically from charts, sudden drops in share price are followed by stronger rises.
haywards26: There was a lot of structural changes at REDS over the last 2 years in addition to management changes, this will have affected general sentiment and confidence in the company. I think REDS just need to prove to the market their growth capabilities and credentials before we start seeing meaningful share price increases. Small growing businesses that are under the PI radar take patience and time. Value will out as long as management keep delivering.
its the oxman: Many thx. Shame there is not greater coverage. Be interesting to see if momentum behind the share price can pick up now trading is obviously going ok. Seems to me smart buildings should be good area of growth but obviously market has doubts the last year or two.
haywards26: I am more interested in the board managing and growing the business than reacting to share price movements. The growth of the business will in turn take of the share price in time. What makes this all the more perculiar is after the trading statement REDS announced their large £5.5m contract win, which should have assisted the second half weighting comment.
holidayhome: Listen all, the company has gone through a crazy time with a stupid bogus takeover. The market doesn't like this and rightly the share price takes a knock. Thats what markets do, reflect sentiment. So let's move on. Agreed progress is slow but Rome wasn't built in a day, building up a company is a tough and slow business. So far I havent seen anything concerning and look forward to the next tranche of financial results. Constantly pumping the market with news to boost share price is not REDS MO. DB days are behind us. REDS rightly rely on financial results to be the litmus test for investor confidence.In the meantime some building block news....
mylands: The article from the link provided by CURRIEQUAKER: Buy RedstoneConnect (REDS) says VectorVest. The stock currently offers an enticing investment opportunity for the more adventurous investor October 4, 2017 / Leave a comment RedstoneConnect Plc (REDS.L), formerly Coms plc, is engaged in providing technology and services for smart buildings and commercial spaces through its core businesses Redstone and Connect IB. The Redstone division provides a range of services, including design, build and installation; managed services, and software solutions. Managed services encompasses the provision of outsourcing services spanning network infrastructure management, smart buildings support services, desktop and data center support services and move, add and change services. REDS has also developed OneSpace, a real estate management software platform. Connect IB develops and deploys applications, including those that address mapping and way finding of Smart Buildings and Smart Spaces, such as car parks or retail shopping centers. It serves customers of all sizes, including corporations, such as property developers, landlords and principal occupiers of commercial property. On September 8th 2017, REDS published a trading update ahead of the interim results announcement October 10th. The company said it was pleased with the progress made across the business in the first half, and confirmed trading was in line with management expectations. Software Applications continues to gain market traction, and the company said it had commenced the global roll out of OneSpaceTM, its real estate management software platform. Managed Services also reported an encouraging start to the year. The acquisition of Anders + Kern U.L. Ltd is now fully integrated into the Company and has provided excellent complementary skill sets and a positive contribution to the Company. In addition the company secured a prestigious contract to install an IT cabling infrastructure throughout Tottenham Hotspur’s new 61,500 seat stadium. CEO Mark Braund said while the performance is anticipated to be largely second half weighted, “given our pipeline of work, new business momentum and strong order book, coupled with the additional services that we have added to our offering through the acquisition of A+K, we remain confident for the full year.” A number of key metrics alerted VectorVest subscribers to the potential at REDS earlier in 2017. The VST Vector, the master indicator for ranking every stock in the VectorVest database, logs REDS with a rating of 1.25, very good on a scale of 0.00 to 2.00. Key to growth potential, the GRT (Earnings Growth Rate) flagged the potential at REDS earlier this summer, when the shares were trading around 123p. The stock has since recovered to 138p, but still retains a forecasted GRT of 35%, which VectorVest considers to be excellent. Traders should note that the RS (Relative Safety) metric records a fair rating of 0.87 on a scale of 0.00 to 2.00, but with a current VectorVest valuation of 174p per share, in the run up to next week’s results announcement REDS remains undervalued. The chart of REDS is shown above using my normal layout. The blue line study in the window below the price shows the rise in earnings per share (EPS) over the last six months and this is the engine that’s driving the share price higher. The share is on a Buy signal on VectorVest and looks set to move towards the old highs of 190/200 in the near future. Summary: The transformation in the company under the stewardship of CEO Mark Braund, coupled with a solid first half performance really puts REDS in the frame as an enticing investment opportunity for the more adventurous investor. With clear potential for growth in the second half of the year, VectorVest rates the stock as a buy. Dr David Paul October 4th 2017
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.
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