Rosslyn Data Technologies Share Discussion Threads

[1jki] 19/7/2024 10:19

We're now 5 months into the CEOs clear and precise statement on 21st Feb 2024 that ARR would accelerate by over £9M within the next 3-6 months. That means that this Board have one month to deliver more than £6M in the next 30 days.

Not having the courage to even announce the ARR for the year end or providing a market update within 3 months of the year end is dire. This company used to release an update if they signed a £50 ARR deal, what's changed? (or is it Watt's changed!)

As I said before no new contract announcement in the last 15 months says a lot. I'm interested to se what the churn is, how many clients have gone. How much extra £'s has the new GenAI update generated.

Glassdoor gives some big hints about what the staff think of the Leadership team. including the Non-Execs which is rare to see.

[private38] 08/7/2024 12:36

4th March was the last trading update and these cretins running the company have not uttered a single word to confirm progress, or more likely, a lack of it. Cavendish need to grip them - no board of a public company should be allowed to behave like this and keep their shareholders in the dark after such poor performance. When Cavendish put their name behind this company and raised all that money they have a duty to ensure the directors serve shareholders correctly. The crippling thing about this saga now, is it takes a brave, or stupid person, to believe anything that comes out of their mouths!

[kemche] 25/6/2024 11:48

Another consolidation?

[tim8749] 25/6/2024 10:52

Ridiculous

[kemche] 21/6/2024 10:45

I suspect everyone knows the current position. Dig deep.

[1jki] 21/6/2024 10:23

Month 4 of 6 and still no contract news. Infact I don’t think a contract has been announced in the last 12 months. If they are adding £9Min ARR in 2 months as they have stated and not backtracked from I can’t wait for the stock to rocket. Time this Board gave an honest update of the current position.

[deladeal] 06/6/2024 09:55

They trust us to be foolish enough to give them more money to waste on themselves

[private38] 05/6/2024 13:44

Extraordinary how disingenuous and thoroughly unfit this board is to run a public company. Their silence is deafening following the promises they made us (although everything they have ever said to us has been utter rubbish). Here is a question to the CEO and Chairman “List the reasons why the shareholders should trust you?”

[kemche] 20/5/2024 08:36

It's a farce.

[1jki] 20/5/2024 08:17

Another month gone since their announcement to achieve minimum of £9M ARR within 6 months, so three months in and three months to go. No news of a contract win despite being told the "big deal" was being red lined, total silence.

#hastings.. isn't the posting on X the responsibility of the marketing dept. Any CEO would fire the head if they stop posting for 3 months. Oh! I forgot the head of marketing is the CEO's daughter who lives in Japan! Nepotism rules even when you have no money!

[hastings] 14/5/2024 13:40

Nothing posted on their X feed since February, having previously been pretty active!This is like watching a slow motion replay of Eastenders and Dirty Den gearing up to call last orders at the Queen Vic.

[private38] 14/5/2024 13:36

Since the Chairman, CEO and Finance Director took office every word they have uttered to investors has been utter balls. You cannot trust a single word that comes out of their mouths. The writing was probably on the wall when that over paid incompetent CEO and CFO didn't invest a few pounds of their own money when the investors did. If the CEO isn't backing his decisions and aligned to the investors then there is an issue. The Chairman representing the shareholders has let us down on every occasion. Shocking example of Chairmanship, and an excellent case study of incompetence by both the CEO and Chairman.

[1jki] 14/5/2024 10:42

Surprised that it is that high, they said that Market expectations would be met, which means that this will be achieved. I hope for their sake it is. They meant to tell us if this isn't the case at the earliest opportunity. They'll know by now whether they've met it or not give or take +/-5%.
I hope they've hear of Directors liability! You can't do a class action for incompetence but you can for withholding the relevant information.
The silence again is deafening!

[kemche] 13/5/2024 16:07

Cash and cash equivalents of £2.2m as at 31 October 2023

Current liabilities of £2.3m as at 31 October 2023

Cash burn rate was £276k per month

So cash raising by end of May 2024?

[kemche] 13/5/2024 16:00

True. I have never known them to miss a target before. Numerous times. Forever. And ever.

Let's just have the fundraise FFS!

[harry163] 13/5/2024 15:45

Looking forward to FY 2024 results. As mentioned by the CFO in January this year:
"For full year 2024, the Group anticipates reporting ARR growth of approximately 15%."
Therefore ARR will be reported as 2,875,000 up from 2,500,000.

[1jki] 07/5/2024 14:23

I was hoping to see one of these deals signed in this year. These contracts were being red-lined if I remember rightly. Obviously a lot of red ink was needed if it takes 3 months since being announced.

[kemche] 02/5/2024 11:10

I am voting for another consolidation and fundraising.

[harry163] 02/5/2024 10:32

The clock is running down and the cash pile is running out. New financial year and still no news. The last financial year's numbers will make poor reading as usual.
This Board actually believes that they are going to be bailed out, from their incompetent management, at the last minute by a series of multi million pound deals.
These white knights, with more money than sense, had better materialise soon or there will be no company left to deliver the promised services.

[1jki] 22/4/2024 09:58

Running down to the year end. I don't recall seeing any new contract this year. So I'm assuming the worst. It's been 2 months since the "£9M - £12M extra ARR within 6 - 12months" statement and "the contracts being red-lined", yet no announcements re signature. Doesn't seem like the AI upgrade has made much impact on contract upgrades yet.

[kemche] 28/3/2024 14:18

He sees the same thing here as he did at RRR - and very successfully too. He is a shrewd cookie. He seems to be a huge fan of dilution.

[daicaprice] 28/3/2024 13:29

So what does William Black see that makes him want to keep adding?

DC

[1jki] 27/3/2024 15:09

Since the end of January there has been 2 new hires, a Senior sales guy who ran a bar in Thailand and a Developer who likes kayaking but can't drive. All the skillsets for a thriving datatech company. Will they make the year-end ?