Rosslyn Data Technologies Share Discussion Threads

[masurenguy] 13/1/2022 07:12

Unfortunately the TU contains a profit warning.

RDT provides the following trading update.

During the year, the Group has invested in its growth, with a number of key hires being made, whilst also remaining disciplined on costs and the Board will continue to explore ways to minimise costs. The Group has made good progress so far this financial year, including winning deals for a top 10 global pharmaceutical business, a top 3 global beverage company, and a top 5 UK Law firm. At the same time, there has been a focus on exiting non-profitable business lines, to enable the Company to focus on larger, more profitable contracts. However, and as has been reported previously, larger contracts have lengthy lead times and Covid restrictions that have been experienced across the economy have lengthened these further. Whilst the Company will continue to work hard to secure further contracts before the end of the financial year, the challenges being faced, mean that the Board is taking a more conservative view on the outcome for the year ending 30 April 2022 and now expects revenue to be no less than GBP6.0m, with ARR to be at least GBP5.1m and a corresponding impact on EBITDA.

Paul Watt, CEO, commenting, "Like many businesses we have not been immune to the effects of the pandemic and this is reflected in our anticipated financial performance for the current calendar year. However, with a refreshed leadership team, a great core product and a clear strategy now in place I believe that there are significant opportunities available to the Group to drive growth and deliver shareholder value and am excited to look to the future."

[daicaprice] 12/1/2022 08:56

A few more tucked away @4.31p.

DC

[daicaprice] 07/1/2022 10:10

A few nibbles and a tick up again this morning ahead of the update.

DC

[daicaprice] 05/1/2022 19:09

I’d call that a very positive day, so nice to see some interest back ahead of an update.

DC

[hastings] 05/1/2022 12:34

Interesting read, thanks rivaldo.Personally feel that Langdon in its own right is worth a decent chunk of the current market cap.

[daicaprice] 05/1/2022 08:58

Certainly is, update on the way hopefully.

DC

[hastings] 31/12/2021 08:35

Good and interesting post Mas.Langdon should be doing very well in this space, should be interesting to see if there is any reference to this in next month's update!!

[daicaprice] 30/12/2021 12:38

Dipped a toe back in under 4p.

DC

[daicaprice] 30/12/2021 08:54

Yes chris, it was one of my 5 picks for the 2021 Stockchallenge and I’ll probably stick with it for the 2022 comp, very disappointing year but I still like what I see.

DC

[chrisdgb] 30/12/2021 08:45

I guess there will be a lot of people out there hoping this has a far better 2022 than 2021, has been a real disappointment........

[riddlerone] 17/12/2021 15:14

I can hear the tills ringing at Langdon already

In just a couple of weeks full customs controls will be introduced, for anyone importing goods from the EU.

HM Revenue and Customs (HMRC) are reminding traders to prepare for the changes that come into effect on 1 January 2022.

There will be changes to customs declarations, border controls, rules of origin – for imports and exports, postponed VAT accounting and commodity codes.

Further changes will also be introduced from July 2022 which HMRC will let traders know more about nearer the time.

[daicaprice] 17/12/2021 10:35

Some big trades the last 2 days and a nice 644k buy gone through this morning to soak up some of yesterday’s after hours sell.

DC

[hastings] 16/12/2021 16:40

January I was told by the CEO. I think they just wanted to keep their heads down and get on with things. New contracts could well have been won as they didn't RNS the US wins until the Interim results. Whatever way you look at this now in relation to peers and the wider sector the shares are looking extremely cheap. Of course we want tangible delivery, but then I guess so do Gresham and Amati!

[daicaprice] 16/12/2021 15:44

I’m amazed they haven’t been picking up new contracts but they could be expanding the workload on their current ones, when is next update due? Any ideas.

DC

[hastings] 16/12/2021 15:32

Personally don't think there is anything amiss, just generally bored sellers looking to invest elsewhere imo. Alternatively, others clearly happy to buy at such lowly levels as seen by the the buy.

[daicaprice] 16/12/2021 15:09

Someone picked up a million @3.5p popped up delayed as I was typing.

DC

[daicaprice] 16/12/2021 15:07

1.12m dumped today, I’m surprised they haven’t dropped it, hard to believe you can buy @3.55p when they raised big money so much higher.
Something amiss I’m afraid but I’m still tempted down here.

DC

[chrisdgb] 15/12/2021 10:24

We need something as this is now very depressing.........

[hastings] 15/12/2021 08:06

Net cash and recurring revenue now equates to market cap, so surely very vulnerable to an opportunistic approach.

[oldernie] 01/12/2021 17:52

Do they have a plan as to how to increase shareholder value? Been a complete mare so far!!!!!

[chrisdgb] 23/11/2021 16:12

Lets hope Gresham can get RDT the same premium they got with Universe.....!

[petewy] 17/11/2021 09:30

This board was started by Steg who was very good and I followed it bought in and sold. RDT has 55% IIs for years, and still no movement upward, What do they see in it that I don't?

[daicaprice] 17/11/2021 09:27

On 6th June with a share price c35% higher than today Paul Watts, Chief Executive, said:

"This past financial year has been one of investment, which has provided us with a solid platform on which we can capitalise and grow as the global economy starts to return to some degree of normality. I am pleased with how the Group has performed in these challenging times and the gains that we have made through investing in our infrastructure. After taking over as CEO, I have instigated operational reviews across the business, with the view to targeting investment for organic growth in the areas where it will deliver the best return, and I am looking forward to the future with confidence".

It would be interesting to hear his latest thoughts, I still think it’s a good long term hold, especially from these levels but the lack of new contracts is concerning.

DC