Rosslyn Data Technologies Share Discussion Threads

[bwm2] 05/5/2021 14:32

I added at the open today as well

[kemche] 05/5/2021 14:21

Joined you for a smidge more Aishah.

[aishah] 05/5/2021 12:24

Added more on this dip.

[daicaprice] 04/5/2021 15:45

“We are pleased to welcome back Sam Clive who rejoins as our new Pre-Sales Manager”



DC

[the white house] 04/5/2021 15:31

Meet the new boss, same as the old boss

[hastings] 30/4/2021 08:23

They've already stated that a TU will be released next month. They also flagged results to be in-line.

[chrisdgb] 30/4/2021 08:16

Must be due a trading update here soon, would be nice to push back towards the 10p level rather than the 5p level......!

[oldernie] 22/4/2021 16:35

Be good to see RDT team up with an eco outfit to create an environmental impact analytics bolt on.

[adamb1978] 15/4/2021 14:57

Thank you both! A number of my small/mid caps have had decent years to date (Kape, Mcxt, GMR, Orph, Itx) or have decent potential (those from below plus PCIP, FNX, CAPD) so perhaps Rdt is just suffering in that background given that its not as if RDT has cratered at all.
Best of luck to holders

[chrisdgb] 15/4/2021 14:27

Better buying volumes today............

[daicaprice] 15/4/2021 13:42

Yea good luck mate, very reasoned decision that I can’t argue with, I’ve held back adding for very much the same reasons.

DC

[kemche] 15/4/2021 13:40

Good luck elsewhere Adam. We all make our choices for a number of reasons. All in it to make money. But appreciate the honest reason.

[adamb1978] 15/4/2021 13:35

After reflecting on things for a few days, I've sold my positions in RDT.

Reason being a combination of:
- growth over the last couple years has been lacklustre, and forecasts for FY21 is similar
- the interims had a lot of exciting narrative which implied that growth would be coming...but then the 'in-line' comment snuck into the CEO change announcement suggested that that hadnt resulted into figures as yet
- equally, the CEO change somewhat implies that things may not be flying (though clearly he could have left for other reasons, like ill health)

Therefore if we're not likely to see growth feeding through to the numbers til the FY22 interims (at best), which would be out in Jan 22, I felt like this money would be somewhat dead money for another 9 months at least. They need to get some growth going (i.e. >10%) in order for the share price to move up materially from here IMO.

FWIW, I dont think there is huge downside from here given the cash on balance sheet is c.30% of market cap and the multiple isn't crazy. Just that I see it likely treading water from here for a while.

Might be completely wrong, but there you go! All the best for those who continue to hold,

Adam

[daicaprice] 11/4/2021 12:00

Only just seen that 400k buy @6.5p showing after the bell Friday, nice buying by someone.

DC

[the white house] 06/4/2021 16:42

Promotion is good newsNever like an accountant being popped up to Chief Exec (the outgoing even omits this previous role online')the Chairman's bold shout in Jan vis a vis...advanced negotiations and update in due course...has failed to materialise and he has paid the price. Maybe face to face was part of it and from next week this big, expensive sales team can start to show some payback

[kemche] 06/4/2021 16:21

dai, I can't believe that - it is hardly a RRR!

[adamb1978] 06/4/2021 14:06

I'm not surprise that the share price has come off since Jan. Its a small cap and a period of no-news tends to just lead to one thing

I think there's limited downsdie from here though given that the company is around break-even and has a pile of cash. I wonder whether Board just got bored of waiting for the CEO to light the after-burners and thought the sales guy, who only arrived 6 mos ago, would do a better job.

Improved sales will quickly fall through to the bottom line so its doesnt take much acceleration in turnover to make this look exceedingly cheap

[chrisdgb] 06/4/2021 13:52

Reasonable volume appears to have mopped up the sellers........

[wanttowin] 06/4/2021 12:34

Yes positive news but present market is not particularly kind to inline updates.

A catalyst to kick us upwards would be nice, share price has been in decline since mid Jan.

[adamb1978] 06/4/2021 07:54

Hi Hastings

Yes, I took this as a positive too for a couple reasons:
- in a company of this size in this industry, the CEO needs to be very sales focussed so Watts seems to be from the right background
- Watts only joined the company in August last year, so must have created a very positive impression.

As you say, also nice to see trading in-line

Adam

[hastings] 06/4/2021 07:18

So, Paul Watts steps up to the role of CEO as Roger Bullen departs. Personally view this as a real positive as the company is trading in-line with expectations. Trading update in May and it it'll be interesting to hear of Paul Watts plans.