Rosslyn Data Technologies Share Discussion Threads

[1jki] 08/3/2024 12:46

#harry i think the phoenix has caught a cab to kfc, it's safer there

[harry163] 06/3/2024 18:02

William Black has increased his holdings Either he has money to burn or there is clever masterplan being prepared for a phoenix like resurrection of this business. Hope it is the latter.

[1jki] 06/3/2024 09:44

P38 I was hoping someone had recorded it themselves. I left early after the first 10 mins of BS.
I'll call the broker see what they have to say.

[private38] 06/3/2024 09:24

@1jki - Given what was said at that investor update and then the profit warning 10 days later - IF there were a link, I believe the brokers would have taken it down. No one will ever believe a word that these three ever say again.

[1jki] 05/3/2024 09:33

Does anyone have a link to the 20/2 Pres. It isn't on the Rosslyn website?

[harry163] 04/3/2024 18:18

@Private38 - agreed, Board sailing very close to the wind with all their wild projections e.g. 12 million ARR in the short to medium term, due to implementation of AI.
Not sure what AIM does with companies who may be knowingly misleading shareholders and potential investors.

[private38] 04/3/2024 13:42

If I were Mr Black and had topped up my holding based on what the Directors presented 10 days ago - I would be calling up my litigation lawyer.

[daicaprice] 04/3/2024 11:54

I bet William Black wishes he’d waited a week to up his holding!!!

DC

[kemche] 04/3/2024 10:31

They have ALWAYS been the finest purveyors of the truth. Unvarnished.

<5p is my guess.

[1jki] 04/3/2024 10:29

OMG....less than 3 months cash, less revenues than an appalling 2023, and an ebitda loss of £3M.... this is a cash burn of circa more than £5M a year.

This statement has been made less than 15 days after they told everyone that they were on target for £12-15M of ARR within 12-18 months.

[kemche] 04/3/2024 10:06

What an absolute shocker! Who could have predicted such a thing?

Roll on the fundraising.

£1m at <5p?

[1jki] 20/2/2024 15:41

good point on the maths for ARR Harry. I'll watch the recording when it's released. too annoyed with the nonsense being spouted. Yet again another story of hyper growth coming soon. I thought the AI demo was weak. In a world where AI is intuitive and interactive, this looked extremely green screen.

[harry163] 20/2/2024 14:45

Agree with @1jki - You only need 50 new clients, in the medium term, all paying at least 250k per year on multi-year contracts to deliver 12 million ARR. Quite realistic, based on current sales performance.

Just heard that the CEO has spent 100% of his time since the latest fundraise on Sales Execution. Talk about shooting yourself in the foot! No new business since fundraise.

When asked when prospects may be converted into actual clients, the CEO said 'I don't know'. Bodes well for the 50 new clients 'in the medium term'.

CEO delusional about the fact he could be running an even larger company when he has all but destroyed this one.

[1jki] 20/2/2024 14:26

signed off from webinar. 30 seconds on results, remainder is trying to tell us what AI is. Proof will be in the sales for the second half of this year.

[1jki] 20/2/2024 14:07

hopefully you've all signed on to the rdt webinar. i've already started to cry with laughter. short term ARR to be £12-15M. This was slide 1.

[1jki] 31/1/2024 14:59

There's a results webinar posted on linked in. Sign up and listen in. Should be interesting.

[1jki] 29/1/2024 13:44

Watts told us…
Oct 21. This past financial year has been one of investment, which has provided us with a solid platform on which we can capitalise and grow.
Apr 22. Much has been accomplished during the first half of the year to set the Group on a growth trajectory,
Jan 23. As a result, we are on track to deliver strong growth for the full year
Apr 23. The response from our clients and marketplace has been excellent and we are receiving growing demand
Oct 23. We have transformed our business, and established the foundations for sustainable growth
Jan 24. Following a year of major transformation and restructuring we have now established the foundations for us to accelerate growth
Actual growth April 2021 to April 23 = £4.1M to £3.0M, a deterioration of (£1.1M) (27.5%) restated, left as was £7.4M to £3.0M, a 66% shrinkage. So much for growth!
Forecast for 2024 ?
Time for someone to step down and show some character!

[kemche] 26/1/2024 10:10

It's just a farce.

[1jki] 26/1/2024 09:51

The posts yesterday made it clear that this is not a going concern without another fund raise.

The valuation of the software is hyper critical, they only started to capitalise this 2 years ago. Has £10M of cash spent now considered old tech... all we've heard from the Board is that the new product is so valuable that sales are gong to soar. Something the auditors and board obviously don't believe.

On your last point, they are either misguided or just blatantly doing as kemche states. I know where my thoughts lie.

Watts has to go, and so does the Chairman.

[harry163] 26/1/2024 09:26

STOP PRESS.

A second set of Interim Results just published!
The missing text from the first version is:

"The audit report drew attention by way of emphasis to a MATERIAL UNCERTAINTY RELATING TO GOING CONCERN and included an emphasis of matter paragraph in relation to the valuation of intangible assets and the uncertainties associated with the successful commercialisation, value and timing of product sales."

This attempt to file incomplete Interim Results, leaving out such important information for investors, may be due to the management team being forgetful, incompetent or potentially economical with the truth.