Rosslyn Data Technologies Share Discussion Threads

[kemche] 31/1/2022 08:10

Well that was a short sharp kick in the danglies. The kindest description would be "work in progress". The unkindest would be unprintable.

[chrisdgb] 20/1/2022 11:32

The Langdon disposal is a curve ball for me but at the right price............

[hastings] 14/1/2022 12:49

A couple of large and interesting trades over the last 24 hours!

[hastings] 13/1/2022 10:21

That's a very good summary Paul, thanks.

[brummy_git] 13/1/2022 09:59

My latest thoughts here wrt Rosslyn's trading update today

www.linkedin.com/posts/paul-hill-a5994116_rdt-rdt-rdt-activity-6887316689482989568-PdjA

[hastings] 13/1/2022 09:56

I spoke with the CEO a couple of months back but didn't add a write up at the time.However he did say then that Langdon could be sold, adding it was already run as a separate business that could be worth a decent sum to RDT. He also talked of the US as more recently providing decent contract wins such as the Pharma customer as previously mentioned and he saw plenty to go for over there and potential for decent upside.No surprise either that they are exiting low value business which perhaps in part accounts for reduced revenue.All in all he sees the product as very good, but one that was in need of revamping etc.A name change was also mentioned to better reflect what the business is and where he wants to take it.P

[rivaldo] 13/1/2022 09:24

The effect on the share price of the poor trading is mitigated by, with the m/cap at low levels anyway, (a) the significant cash pile which per today's new Cenkos forecast is estimated to be £3.4m at the year end, and (b) the relatively high recurring income. Plus potentially (c) the sale proceeds from Langdon and/or Integritie.

Langdon was only acquired just over two years ago, and should do well in the coming years due to Brexit, so this seems a strange time to divest. Or perhaps RDT want to take advantage of its prospects to maximise the sale proceeds given its apparent lack of synergy with the rest of the Group .

[daicaprice] 13/1/2022 08:43

Bouncing back nicely after the early sell off.

DC

[daicaprice] 13/1/2022 07:57

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.
The best bit, should get a mention.

DC

[hastings] 13/1/2022 07:56

Just looking at the significant shareholders I note Canaccord with 10.3%. Can't say I saw that one before, or perhaps I missed it!

[daicaprice] 13/1/2022 07:48

Yes, work in progress still.

DC

[hastings] 13/1/2022 07:17

Also looks as though they plan to sell on the Langdon business reading through the blurb.

[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.