Redstonecon Share Discussion Threads

[susiebe] 28/9/2017 19:41

Be interesting to see the markets reaction to this.Does all seem a bit odd

[value viper] 28/9/2017 18:47

Wtf ?!?Cash n shares - what in a private co ?Can't fathom this at all right nowStraight after helium out ?Have they taken the helium stake as a precursor to a bid ??

[the shuffle man] 28/9/2017 18:26

All very odd.

[chrisgail] 28/9/2017 18:08

A lot more information to come out, who is potentially funding this, because its not AP Systems Holdings! They have one Director David Anderson who at the moment owns 100%

[the shuffle man] 28/9/2017 17:21

Not much info on this company at companies house

[smart solution] 28/9/2017 17:16

No thanks...and they are private.

[haywards26] 28/9/2017 17:11

Interesting, but too soon for a sale imo. A sale of Redstonne would be more interesting/valuable to shareholders in 2 years + time..

[cheaky monkey] 28/9/2017 16:59

A P Systems Holdings Ltd Possible Offer for RedstoneConnect plcSource: UK Regulatory (RNS & others)TIDMREDSRNS Number : 0709SA P Systems Holdings Ltd28 September 2017Possible Offer for RedstoneConnect plcAnnouncement of approach with regard to a possible offerNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.The Board of A P Systems Holdings Ltd ("A P Systems") confirms that it has made an initial approach to the directors of RedstoneConnect plc ("RedstoneConnect") and is considering the possibility of making an offer to be satisfied through a combination of new ordinary shares in A P Systems and cash. The Board emphasises that this approach is at a preliminary stage and no decisions have yet been made. As a result, it is emphasised that there can be no certainty that an offer will ultimately be made for RedstoneConnect, nor as to the terms on which any offer may be made.This announcement is not, and should not be construed as being, an announcement of a firm intention by A P Systems to make an offer for RedstoneConnect under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code").Rule 2.6(a) of the Code requires that A P Systems, by no later than 5.00 p.m. on 26 October 2017, being the 28th day following the date of this announcement, either announces a firm intention to make an offer for RedstoneConnect in accordance with Rule 2.7 of the Code or announces that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code.Pursuant to Rule 2.9 of the Code, the Company confirms that there are 10,120,000ordinary shares of 0.1p in issue with no International Securities Identification Number.Reasons for the Possible Offer:The A P Systems directors consider that the combination of RedstoneConnect andA P Systems would create a leading UK player in the IT and telecoms arenas, and a combined business with substantial capabilities that is greater than the sum of the two parts.Enquiries:A P Systems Holdings LtdDavid Anderson, Group Chief Executive OfficerTel: [phone]Disclosure requirements of the Code:Under Rule 8.3(a) of the Code, any person who is interested in 1 per cent. Or more of any class of relevant securities of RedstoneConnect or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) RedstoneConnect and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of RedstoneConnect or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1 per cent or more of any class of relevant securities of RedstoneConnect or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) RedstoneConnect and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. (London time) on the business day following the date of the relevant dealing.If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of RedstoneConnect or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.Opening Position Disclosures must also be made by RedstoneConnect and by any offeror and Dealing Disclosures must also be made by RedstoneConnect, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on [phone] if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.Publication on website:In accordance with Rule 26.1 of the Code, a copy of this announcement will be made available on the Company's website For the avoidance of doubt, the content of the website referred to above is not incorporated into and does not form part of this announcement.About A P Systems:A P Systems is a UK-based IT and telecommunications services company providing a comprehensive range of IT services and solutions, ERP and other business software solutions, Managed services, Fixed line & mobile telephone solutions, IT infrastructure, Cloud solutions, Point of sale solutions, Domain / web & email hosting, Training & consultancy services, Software development and IT security.This information is provided by RNSThe company news service from the London Stock ExchangeENDOFDPGUCWBUPMUMR(END) Dow Jones NewswiresSeptember 28, 2017 11:53 ET (15:53 GMT)

[jastill] 27/9/2017 18:58

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[owenski] 27/9/2017 17:41

Quite a move today and that's the highest volume for at least two years - the time that it's been stuck in the current trading range.

Encouraging.

[horndean eagle] 27/9/2017 10:44

Spoke to soon. Glad overhang has gone. Hopefully some decent contract news and some momentum will start building.

[gleach23] 27/9/2017 10:39

Well with those 3 trades today amounting to 1,776,142, that's Helium cleared out exactly :)

[horndean eagle] 27/9/2017 10:01

Helium special situations reducing. It looks like they are on the end of some redemptions and are selling down across various positions. Fair chunk to go unfortunately.

[gleach23] 27/9/2017 09:55

Looks like the 390k from after the close last night was Helium reducing to a holding of 1.8m then...

[horndean eagle] 27/9/2017 09:44

I think the placing was really badly handled and stock was effectively taken by institutions as favour to get it away. Its why the aftermarket was so terrible. I imagine there is still a chunky overhang. May take a while for it to clear unfortunately.

[curriedquaker] 26/9/2017 17:24

4% of total shares traded after close? Am I reading this correct, and if so, that is significant.

[owenski] 26/9/2017 17:16

That's a lot of volume today.

[haywards26] 26/9/2017 12:24

For me anything under £2 is significantly undervalued here. Time and patience shall be rewarded :)

[value viper] 26/9/2017 07:28

come on you REDS

[owenski] 26/9/2017 07:28

Their client base certainly sounds very blue chip. More good news.

[plasybryn] 21/9/2017 18:05

Thanks timmy.
This is starting to sound like an investment again?
Do we have any Broker S.P. targets out of interest?
Cheers

[curriedquaker] 21/9/2017 16:29

The Mark Braund interview on Directors Talk seems to have woken a few people up as to the possible potential going forward.

[value viper] 21/9/2017 12:30

thanks timmy - great find

[value viper] 19/9/2017 09:51

it wouldn't (i don't think) have been unreasonable to have a bit more clarity other than it "will bring income this yr and next" that's all ! But the insti investors will be told - I would want to know having shelled out at 1.5p in the placing in the summer.
How does the market (or you ade45 for that matter) assess what is a fair value for REDS when there is no real clarity of profit on deals (not just income (rev) which can mean anything).
BTW i am a holder and want this higher !