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% 137.50p 135.00p 140.00p 137.50p 137.50p 137.50p 824 07:58:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 41.5 1.2 0.1 1,057.7 28.58

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Date Time Title Posts
19/10/201711:16RedstoneConnect1,151
18/10/201713:59RedstoneConnect : a "smart" growth play131
01/4/200716:57Save the RED ARROWS here11

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DateSubject
21/10/2017
09:20
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 137.50p.
Redstonecon has a 4 week average price of 125.50p and a 12 week average price of 109p.
The 1 year high share price is 182.50p while the 1 year low share price is currently 109p.
There are currently 20,784,795 shares in issue and the average daily traded volume is 51,400 shares. The market capitalisation of Redstonecon is £28,579,093.13.
18/10/2017
12:40
curriedquaker: At a discount to current share price. AP Systems were certainly on a fishing expedition. They don’t have the wherefore all to mount a serious bid. End of speculation.
05/10/2017
08:16
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
03/10/2017
11:15
holidayhome: Can someone who knows something about acquisitions help me understand the advantages better in this particular case.AP have filed saying they wish to make a Cash and Shares offer for REDS. If this goes through and it's a massive 'if', then shareholders will get some money and shares of AP. My question is what's the benefit in having shares in AP given it's a private company? If it were a public company then one could see the combined offer value as the share price of acquisitor would be known. But the value of private shares??? So how can one value a private acquisition?
28/9/2017
22:42
dr know: The company's website describes how they're involved in almost every aspect of IT implying a big company but in the section describing the main people it seems to consist of three youngish guys, and their descriptions show the programming languages that they know, so it reads to me like the company consists of three IT guys who'll have a go at anything, which is not the scale of company you'd expect to be making this bid. According to the RNS the company making the bid is A P Systems Holdings Ltd and on the companies house website it seems to have a capitalisation of £10,102 and one main director David Anderson who is mentioned in the RNS. Another thing, on the 4th September they subdivided the shares of A P Systems Holdings Ltd from 10,201 @ £1 to 10,201,000 @ 0.1p, and a week after that the share price of REDS started going up and up. I guess somebody is going to inject a large amount of cash into this basically shell company and use that to bid for REDS. But who is behind it all ? It's all very odd.
19/9/2017
09:19
value viper: because they (REDS) are a listed, shareholder owned company who could really do with improving their share price ; insiders will probably be told anyway. MAYBE it's another NDA job so no detail allowed (?) in the same way that we don't know who the new Bank is who has given them the work.
11/9/2017
12:09
value viper: well the t/s has not helped at all - not surprised - it was most average. assume they now in a close period so IF directors wanted to but they couldnt. fwiw they have very few shares which they should attend to IF they believe this is a promising forward story. for all the smallish retail deals (sells)continuing to go thru today (a continuation from Friday), i do see a handful of chunky prints (which i assume is a insti adding maybe. I do hope they give a monkeys about their share price ; getting very close to 100p (or 1p of old) ; come on MB, time to pull your finger out
25/4/2017
10:33
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.
07/3/2017
08:53
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 !!!!!!
07/3/2017
07:35
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.
16/1/2017
13:44
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://www.stockopedia.com/content/small-cap-value-report-16-jan-2017-wand-vlk-reds-tax-mbh-sqs-ins-166927/
Redstonecon share price data is direct from the London Stock Exchange
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