There is a stench of Denmark here certainly. |
 One looks back upon the pronouncements and guidance of this team, searching—perhaps in vain—for a single instance where they have met their own expectations. I cannot find one. Not one. They are, with unfailing regularity, wrong. And so, I ask: why should we believe them now? If the answer is that even a stopped clock must be right twice a day, then I might grant you the logic. But these fellows have defied even that modest probability. Their record is not merely one of error, but of systematic, unwavering incompetence. I have no reason to believe that their latest effort was shaped by anything other than the same flawed and blundering process.
On another matter—one that stirs a rather pungent curiosity—I have taken the trouble to revisit the IPO at which I invested. The first CEO departed soon after, and, as it transpires, went on to found another enterprise, which he has since sold—no less—to an American firm. The second CEO, too, has moved on and now appears to run a highly successful global consulting business. Two men, both of whom have evidently achieved some standing, and yet here we remain—left in the hands of this sorry shower.
Can anyone explain this state of affairs? Or must we merely acknowledge that something is very much rotten? |
Another consolidation? |
Agreed TT. The price action seems to indicate so.
GLA LTHers! |
A bit more patience required but feels like they will turn a corner soon |
A £60k buy shows some confidence.
DC |
End of 2026 then whoosh!
GLA LTHers!
The BOD continues to do sterling work. Bravo! |
Oh hello Paul |
#Tim8749, Watts took over in April 21, when the share price was over £3.50. The Company had revenues of £7.5M more than £6M in the bank and was cashflow break-even.
That's a considerably higher drop than 50% drop for revenue. A wild 98% drop for the share price and horrendous dilution.
I really do hope the Amazon deal works out. The Partnership with a consulting firm I fear is doomed to failure... this must be the 3rd or 4th time the company has announced one of these and they all fail.
The marketing point is well made, since these two deals were announced, nothing has been posted.
Marketing is so poor that when you go to the Rosslyn website the images/videos are of the former CEOs doing press interviews or company presentations. Watts isn't in the pictures, supporting the glassdoor statement. Having said that I do agree that Glassdoor is a poor barometer.
The full year should be a different story. Hopefully they will win something more before the end of March. |
Spent a minute thinking about this one... Can't find any good news; but would be intruiged to hear from others.
RDT IN A NUTSHELL:
1. Weak Financials
○ Limited revenue growth, persistent net losses, and reliance on repeated share placings have kept the share price depressed.
○ When Paul Watts took over (around early 2022), annual revenue was hovering near £6–7 million. Subsequent statements have shown minimal or negative revenue growth
○ At the time Watts became CEO, the share price had already declined from its IPO days. However, it has since dropped even further, hitting all-time lows in certain trading sessions. The percentage drop since his appointment is severe—some estimates suggest a decline of 50% or more over the period, pushing the stock firmly into penny-stock territory.
○ RDT has frequently operated at a net loss, burning cash to fund operations and product development.
○ Continual cash burn raises concern over sustainability.
○ Despite cost-cutting initiatives promised under Paul Watts, RDT has continued to post significant operating losses, often around £2 million+ per annum (depending on whether you look at full or half-year results).
○ Management has frequently attributed these losses to “investment in product development” or “restructuring,” yet the runway for turning these costs into meaningful revenue remains unclear.
2. Poor Market Sentiment
○ investor confidence has been eroded by unmet promises and constant dilution.
○ Weak trading volume means small trades can cause dramatic price swings, exacerbating investor uncertainty.
3. Negative Reviews & Culture Concerns
○ Numerous negative reviews point to poor management structure, lack of clear direction, and general dissatisfaction. While review sites can be biased, the consistent tone of discontent raises questions about RDT’s ability to retain or attract top talent. Red flags about operations. Let's not forget the marketing department is Paul Watt's daughter.
○ Shifts in focus—e.g., from “data analytics” to “procurement analytics” and attempts to chase bigger enterprise contracts—have not consistently translated into the stable revenue growth shareholders had hoped for.
4. Overhyped “Big Deals”
○ Touted major contracts or “strategic partnerships” (like the rumored Amazon connection) have not notably impacted revenue or profitability. Big-name deals do not guarantee high-margin income if implementation is complex and margins are thin.
○ Why can Watts & team not close any deals?
5. No competitive edge
○RDT’s pivot to procurement analytics places it against deep-pocketed, established players. Without a compelling USP (Unique Selling Proposition) or strong distribution channels, RDT risks continued marginalization in a crowded sector. |
Glassdoor is not a very good gauge. It's very easy to write dummy reviews ( I've written a few on different companies) which is going to be the case here with so many disgruntled ex directors and their loyal followers. Let the Amazon contract play out - they don't sign deals with anyone. This will multibag on some good news. |
My advisor, once more pressed me to justify my continued insistence on holding this wretched stock. I answered simply—I had but five pence to lose. Not really a very clever answer to the exam question. Yet, he requested me turn my eye towards Glassdoor.co.uk, where the murmurs of those who work within the company—past and present—form a crescendo of discontent. I must now confess of my own complete dereliction of duty, for I had never heard of the place. And now, having seen, I cannot unsee. Not a single word of praise is to be found for management; not a whisper of confidence breathes through this firm. How the board of directors, and those who ought to guard the fortunes of investors, remain blind to this lamentable state of affairs is beyond my comprehension. This stock, weighed down by the discontent of its own workforce, shall surely remain as motionless as a dead fish. It is a lesson hard learnt, though five pence be the price of my enlightenment. |
Buys marked as sells. Some buying going on here under the radar. Check out the price. Holdings rns too. |
Lifestyle. Nothing but. |
Shocked to see ARR only raised by such a low %age when Amazon included, if Amazon committed to spending £650K p.a. then they pretty much lost the same amount, that's a lot of low value contracts. I don't think management will take this over, cash burn is still to great. |
It's a dog to be taken over by management soon at a pittance after all the money has been spent sorry to say my opinion |
Looks solid with plenty of prospects for growth.. onwards and upwards from these low levels |
I understand the hope that many place in this stock, but let us call it what it is: hope. A noble thing, but fragile without substance. I cannot escape the distinct impression that what we are seeing is not the full story—there is an internal narrative and an external façade. Coupled with a troubling silence and a dearth of news, this should give pause to any who place their faith here. The CEO, has broken the company and the trust it once had, and is wholly unsuited. After recently securing a contract of such magnitude, one would expect any entrepreneurial enterprise to trumpet their win, to move quickly into the market with this held high. And yet, what do we find here? A silence, deep and impenetrable. Why? What is he shy of? The possible answers haunt me. Loyalty, is a fine thing, but it must be tempered with reason. The currency of trust is finite, and illusions—no matter how grand—will, in time, crumble beneath the relentless weight of reality. To turn a blind eye is to risk perpetuating a cycle that serves no one but its creator. It is time for the Chairman to square his shoulders, and swing. For there is no future if he hesitates – he needs to act, so that this company might yet find its footing and prove worthy of the trust it has been given. |
This company is terrible at sharing any information. The half year finished 3 months ago. Still no update, would like to know ARR at end of H1. |
Any news ? |
Have a good feeling this is a turnaround year for RDT, with a Mcap sub £4m it will multibag on the right news, no without risks obvs but compelling r/r play IMHO |
P.S I don't gloat at people's misfortune unlike others that seem to frequent these trashy BBs. |
I have lost a significant amount here but I still believe in the Company. Why would Amazon and this global consulting firm be using RDT's system? Answer.. because it's clearly better than the rest and at an incubation stage where it can be adapted to their clients needs. i.e They can see the promise in the product and want to get behind it. Merry Christmas.....! |
Yes you are and lost almost 99% of the company's value and stillGloating |
There is something more to this .. shareholders money being used to create something which when almost ready and shareholders had enough stumping up cash the insiders will take over the company for a song .. happened so many times before in my opinion only |
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