Rosslyn Data Technologies Share Discussion Threads

[kemche] 04/12/2023 16:49

Let's just have the next consolidation and fundraising FFS!

[private38] 27/11/2023 16:42

Be interesting to hear thoughts and feedback from anyone who went to the AGM - thx very much.

[kemche] 20/11/2023 17:53

Ask - when is the next fundraising and consolidation - we have not had one of those for a few weeks.

[private38] 20/11/2023 16:47

We all know this but it depressing to read.....We Discuss Why Rosslyn Data Technologies plc's (LON:RDT) CEO Compensation May Be Closely Reviewed

[...]

[maty] 17/11/2023 09:00

Ask CEO why his daughter is working in the company

[kemche] 13/11/2023 13:52

Ask - do you have any shame whatsoever?

[private38] 13/11/2023 13:47

Question - What would you have done differently - if anything?

[1jki] 08/11/2023 11:49

I've decided to go to the AGM this year. If any one has any questions they'd like me to ask just leave a note here.

[harry163] 01/11/2023 08:04

One day the Chairman and CEO will look at themselves in the mirror and appreciate that they are totally out of their depth and have failed themselves, the shareholders, the clients and especially the employees. They have wasted 10 million in investor funds, destroyed any potential the company ever had, do not understand their own products, cannot sell their own products and are currently losing clients. The Board's delusion of its own abilities is close to being a medical condition.

[kemche] 31/10/2023 13:21

Basketcase.

[private38] 31/10/2023 12:47

@1jki - well remembered and caught. That makes this even grimmer.

[1jki] 31/10/2023 11:50

The average contract length was 3 years, might be less now. With a CAC of 65 months that's a 5+ year payback.... you need every contract to renew for at least 3 years just to break even. Not a good business model. As an FYI cash burn was meant to be down to £100K according to CFO by the end of Apr 22. Something went very wrong. No wonder they were late in the announcement. When Watts took over revenues were £4M and margin was over 80%, cash burn was under £100K per year. Time for a proper CEO.

[private38] 31/10/2023 10:50

- Revenue increased 11% with recurring revenue up 8% - this is not a high-growth company!! If your Net Revenue Retention (NRR) is 90% that equates to you losing 10%. That is flat to a loss.

- Cash burn of £200k a month is high - £2.4m a year

- Gross margins 34.7% - what are they doing ??!! The industry average for SaaS companies is 70% to 85%!!!

- Cost of Acquisition of a Client (CAC) is 65 months – the average is give or take c.12 months!!!

They seem to not understand the basics - it is about sales!! You can have the best product in the world but if you cannot sell it you are doomed. They are so inefficient!!

[turbotrader2] 31/10/2023 09:26

standard in any results


try harder

[mr macgregor] 31/10/2023 08:36

The material uncertainty is the main issue:
"if the Company is unable to deliver upon its proposed revenue projections, there is limited headroom in the current forecasts and as such there is considered to be a material uncertainty relating to going concern."

[daicaprice] 31/10/2023 07:59

Some progress but not enough to tempt me back yet, especially after the consolidation I’m afraid.

DC

[private38] 30/10/2023 07:38

@1jki - not speaking to shareholders is a disgrace. They are defaulting on their most basic responsibilities which reflects a deep weakness. Communicating good or bad news is fundamental to strong leadership and when you are up to your neck in it, over communicate. They don't have to share anything sensitive but confirm and discuss - create a relationship. They are not fit for their jobs and to be frank it is appalling manners to not take a call from a shareholder.

[kemche] 25/10/2023 10:59

Lifestyle.

Another consolidation and fundraising in due course?

[1jki] 25/10/2023 09:56

I rang the main switchboard yesterday to speak to the newly appointed CFO. He wasn't available to talk to shareholders, nor was the CEO. Am I the only person who hates it when a distressed company doesn't talk to it's shareholders. It's been over a year since the CEO did any public appearance or interview. 5 days from the deadline for the AGM and no sight of any accounts. Appalling behaviour. Please buck your ideas up guys, we've supported you for nearly 10 years and still have hope.

[turbotrader2] 17/10/2023 10:46

more increased holdings

[1jki] 16/10/2023 15:48

Waiting to hear the latest news. Anyone heard when the AGM will be, they missed last years deadline, looks like they'll miss this one too. Hopefully they're holding back to get something across the line. Hopefully Cenkos are kicking their backside?

[daicaprice] 13/10/2023 13:50

Hmm bit of interest today, news incoming?

DC

[daicaprice] 12/10/2023 10:32

You managed to tick it up just by posting Harry.

DC