Rosslyn Data Technologies Share Discussion Threads

[agedman] 18/5/2020 18:10

Milton have reduced to 0%. Someone else is on the scene.

[brummy_git] 18/5/2020 07:04

Both clearing out a natural seller (re possible overhang) & on-boarding another anchor investor in an already previously announced £7.3m oversubscribed placing.

hxxps://www.linkedin.com/posts/paul-hill-a5994116_rdt-covid19-sp500-activity-6664181244433047553-knfo

[daicaprice] 17/5/2020 21:31

At the end of the day a £7.3m oversubscribed Placing @5p is all we need to know.

DC

[agedman] 17/5/2020 19:12

Fat fingered error perhaps. On one website I looked at the two largest trades were listed twice with the duplicates having a minus sign next to them. So perhaps the volume for the day was far lower.

[riddlerone] 17/5/2020 11:16

Still none the wiser

Kestrel Partners LLP United Kingdom 44,562,570 23.1%
Gresham House Asset Management Limited 21,275,000 11.0%
Amati AIM VCT plc United Kingdom 17,024,692 8.8%
Miton Group plc United Kingdom 14,966,955 7.8%
Hugh Cox United Kingdom 11,176,111 5.8%
IQ Capital Fund LP United Kingdom 11,062,712 5.7%
Charles Clark United Kingdom 9,726,415 5.0%

At the moment 192.92M shares in Issues

Trades for 14/05/2020 209,375,955

Miton now out so that accounts for just shy of 15M plus possibly another 15M on the buy side no TR1 at the moment

Clarity from the company or updating their website would be nice as their obviously is a mistake somewhere as the maths don't add up

[agedman] 15/5/2020 15:54

Having looked through the trades a couple were duplicated so I would imagine Kestrel have sold.

[agedman] 15/5/2020 15:22

Having looked through a different system I'm not actually sure how many were traded on the 14th. Be interesting to see if Kestrel are still holding.

[agedman] 15/5/2020 14:54

Milton had 7.95% of 192m shares that are issued. So circa 15m shares. 200m plus were traded on the day so I would expect to see multiple RNS's.

[daicaprice] 15/5/2020 14:07

Yes there is our 192m so 17m to go.

DC

[riddlerone] 15/5/2020 14:05

Well there's the first one

[riddlerone] 15/5/2020 11:13

There will have to be a TR1 or multiple ones at some point.I have known them to hold these back for weeks so we might not get to know until after the 27th.Do agree with you very strange

[tacticaltrader] 15/5/2020 09:51

Could the proposed share placing be a tactical ploy to force someones hand? Perhaps an offer came in and was considered far too low & rebuffed immediately. So strengthen the balance sheet and move on perhaps hoping in the meanwhile that an improved offer is made. Or perhaps the placing was just to prevent RDT from being snapped up for a song. These large share trades are unusual at the very least.

[riddlerone] 14/5/2020 15:37

But the placing isn't until 27th May so they are not even listed.Has to be a transfer of some description but like you said ticks it up so thank you

[daicaprice] 14/5/2020 15:27

209 million shares showing as sold today, the placing shares were only 146million so I’m confused. It’s ticked it up anyway whatever the answer.

DC

[riddlerone] 12/5/2020 18:51

Well we will probably be at this placing level until after the General meeting May 27th but Cenkos believe that a valuation in normal times should be 5/6 times the recurring revenue hence £36m valuation.

[daicaprice] 12/5/2020 12:14

320k sale @5p, unless needed the money I think I would have waited around for the next bit of news.

DC

[riddlerone] 11/5/2020 10:26

Chris that sounds nice.

[daicaprice] 11/5/2020 10:11

That’s a nice little rise from here.

DC

[chrisdgb] 11/5/2020 10:04

Cenkos have done a note but I can't get it....conclusion was on an industry mid price valuation of £36m.......!!!

[daicaprice] 11/5/2020 09:32

Just checked back, I sold out here last time @9.6p when it had a nice little run, there was an article in the Times that had mentioned that Microsoft had them on their radar but nothing came of it, 4 years on and fully financed it shouldn’t take much for a nice sustained rise and then who knows!
I shall certainly add on any dips.

DC

[riddlerone] 11/5/2020 09:14

Would be nice if Cenkos produce a Brokers note after the placing.I know that wouldn't take acquisitions into consideration but could provide some insight into the organic growth they have their sights

[daicaprice] 11/5/2020 09:00

Difficult to say mate, be interesting to see what they are eyeing up and what price they pay. I’ve stuck £5k worth in my ISA for the long term hold, have got a few to trade if we keep rising but 10p should be achievable on next news.

DC

[riddlerone] 11/5/2020 08:54

Daica what do you think will be a rough fair value after the placing?Its quite attractive £6/7m cash, £6m recurring revenues and break even.