Rosslyn Data Technologies Share Discussion Threads

[fillipe] 12/12/2014 11:22

Too much cash there for that to happen on any reasonable timescale.

[onjohn] 03/12/2014 17:49

yes at about a penny when it has a rescue rights issue

[fillipe] 19/11/2014 14:27

Will this ever be fit for a punt?

[fillipe] 21/10/2014 20:02

Bleeding out cash
Costly, large board for a lossmaker

[opodio] 19/8/2014 08:44

looks like bunkum

[simon gordon] 14/8/2014 17:58

Tech Market View - 14/8/14:

Encouraging maiden results from Rosslyn

Maiden results from cloud analytics platform provider Rosslyn Data Technologies, which listed on AIM in April (see here) and is the holding company for Rosslyn Anlaytics, are encouraging but most of the work to capitalise on the IPO and the potential in the analytics market is still to come for this early stage company.

The 12% revenue increase to £2.1m, was in line with expectations, aided by a partner strategy that has expanded the customer base by 50%, plus more revenue from existing clients. 50% more customers but only a 12% increase in revenue is an odd combination and suggests a large number of small sales. These will seed the ground for future growth however and feed Rosslyn's 'land and expand' strategy. It is in "advanced talks" with other potential partners and if these deliver it has the potential to gain a toe hold in a larger volume of organisations from which to grow. Timing and funds are everything however. As is expected at this stage in its lifecycle, losses are mounting - £3m vs. £1.7m – and it has £9m in cash (having raised £10m gross in April). But it is winning new business, expanding sales capacity internally and externally, while also investing in the product so there is a lot to work with – and analytics demand is only going to grow.

[opodio] 12/8/2014 10:32

Going to lose £3m-£4m bucks this year and then lose £3-£4m next year
From ipo to flush in a month
Looks like it wants to kiss 5p

[bakunin] 13/7/2014 17:33

Apologies to those who have bought into this company, but it looks like a perfect short.
Time to keep an eye out for a market top when companies like RDT and ACT with minimal revenue to show after several years of development are IPO'ed at ridiculous valuations.
Neither have much more to offer than a smattering of project-orientated customers for what amount to so-called cloud-based "products" that are nothing more than wrappers around open source software.
Would like to know if I am wrong, but RDT merely provides a cloud solution based on Hadoop and QlikView?

[johnwise] 09/6/2014 08:34

Rosslyn Data Technologies PLC Trading Statement

09 June 2014

Rosslyn Data Technologies Group (AIM: RDT), a leading provider of a cloud-based enterprise data analytics platform, is pleased to announce that it has continued to make strong progress since its Admission on 29 April this year and, as anticipated, the enhanced profile of Rosslyn as a public company has assisted in winning new business. Following the Admission, the Company has signed significant new contracts with a number of new, and existing, customers, which the Directors expect will help underpin continued growth.

Since the Admission, Rosslyn has signed up six new customers including: Ceva Logistics, a world leading logistics supplier; Electrocomponents, a global electrical components distributor and one of the world's largest bottler service providers. The Group won a notable new partnership customer, Biy Cloud, a growing online reseller platform in Spain. Two new projects have been secured with existing multinational customers, underpinning the Group's stated strategy of "land and expand".

As per the strategy detailed during the Admission, to strengthen its platform for growth, the Group has made significant investment into its sales, marketing and client relationship teams in the UK, US and Europe and senior new management hires have been made with the appointment of Lance Mercereau as Chief Marketing Officer and Paul Cook as Vice President Global Sales. These senior hires have enhanced the Group's sales force and branding efforts and are enabling the Company to pursue a more aggressive sales and marketing strategy in key territories.

The Board confirms that results for the year ended 30 April 2014 are in line with management expectations and that the Group expects to announce final results for the year ended 30 April 2014 during the first half of August 2014.

Charles Clark, CEO of Rosslyn commented:

"The growth we have achieved since the IPO demonstrates that Rosslyn is taking advantage of the major opportunity in the cloud data analytics market. Following our successful IPO, we are delivering what we promised our new shareholders, and we are excited and confident about the future."
- End -

[modform] 29/4/2014 21:55

Not much growth, but ridiculous valuation. At least fxi makes money and pays dividend.

[dimpkins] 29/4/2014 11:28

Small piece in the Times market report saying they hoped for £50-£60m pre the tech rout, surprised they went ahead with float

[stegrego] 29/4/2014 08:29

Yep no feeding frenzy.

That is good though in my view, as it was just ridiculous.

Might get some better pricing of future IPOs.

[thejerryspringershow] 29/4/2014 08:18

got to pay stamp duty on these too, might put some people off

[simon gordon] 29/4/2014 08:04

Almost as dead as a dodo. The IPO frenzy has died. If it'd floated a few months ago it would have doubled.

[simon gordon] 29/4/2014 07:50

Morning Steg,

Looking at the Admission Document the top line is not exactly booming:

03/11 - 1.3m

03/12 - 2m

03/13 - 1.8m

H1/14 - 1m

Probably double this morning, then droop.

[stegrego] 29/4/2014 07:45

Miton and Hargreaves in again, but valuation is somewhat bluesky...