Rosslyn Data Technologies Share Discussion Threads

[daicaprice] 31/10/2022 16:34

I will also be watching closely OE, the Integritie sale price will be interesting but any weakness from here has got to be worth the risk/reward as a takeover target.

DC

[hastings] 31/10/2022 16:32

Lol! Difficult to follow up after that one!Anyway, it is what is, so given that the Captain appears to see something positive on the horizon, no doubt he'll be digging deep to buy a nice big slug of shares.

[harry163] 31/10/2022 16:19

OldErnie, I do like your positive view on life. If on the Titanic, after hitting the iceberg the steward told you they had just reclassified the ship as a submarine, you would have probably walked straight to the bar and ordered a drink.

[oldernie] 31/10/2022 15:37

Be interesting to see what they sell Integritie on for. I'll wait for news on that and if positive then will add. There is a clear focus now and a good team - pit that against the amount of cost to get to this point and it's looking cheap.

[kemche] 31/10/2022 15:17

Truly, utterly dreadful. Abysmal.
Sheesh!

No wonder they were late.

Roll on the fundraising.

[daicaprice] 31/10/2022 15:12

There’s the results.

DC

[harry163] 31/10/2022 11:43

Time running out (AIM Rules) for the BoD to hide their complete incompetence behind some story re sale of Integritie and hoping everyone buys it.
Just a question of time until the company folds. No doubt the CEO and Chairman will have moved on by then and gone to fleece the cash and destroy the livelihoods of another unsuspecting business. Upside, will be a good shorting opportunity.

[1jki] 31/10/2022 09:22

We should have received notification by now of the AGM. I expected it over the weekend, or at least in todays post. NOTHING BUT SILENCE! not even an RNS.
Maybe the management want the shares suspended to prevent and further slide.

Integritie provided over £1M to admin costs in 20/21 according to the fund raising presentation I saw! Having said that it also said that Langdon generated cash too. The rest of the costs have to both subs has to be management from top co being charged down.
Nowhere to hide after Langdon and Integritie go! Any bets that Integritie will go for less than 1 X ARR too!

[harry163] 28/10/2022 17:22

Private38, big fan here.

[kemche] 28/10/2022 13:46

The present incumbent has been in place since April 2021 - it is under his watch that the horror has unfolded.

[boll] 28/10/2022 13:37

I am not a turnaround specialist but have worked in turnaround situations (non uk).RDT was loss making in year ended 31/04/2021 with the losses being much greater in the Integritie business than the business currently described as Core.Its difficult to be precise because we don't know the charges from the group company to subsidiaries. It makes sense for the company to focus on Core as revenues were growing.The £7m of funds were raised by the old management who had already earmarked and recruited a sales force in the US. The Sales force didn't deliver and the new management have upgraded the software and are focusing sales through Partners. This once again makes sense. It is concerning that the results are not out so management deserves a good kicking for this. From a portfolio perspective I spent about £2.8k on purchasing RDT shares which was around 4% of my portfolio. With these investments you either make a lot because the company is successful or you can lose money I have both made and lost in other share investments

[harry163] 28/10/2022 11:04

Boll, are you a turnaround consultant, looking for an in?
When the management took over they knew the skeletons in every cupboard, else they were incompetent from the start.
The company was near break even turning over 7,500,000 with a target growth of 10%.
There was 7,000,000 in the bank for acquisitions and shares at 6.5p
To date we have had no acquisitions, 7,000,000 wasted on themselves and pet projects, we have a share price at below 1.5p, 2 poorly executed disposals and and possibility of the shares being suspended if the reporting does not happen in the next few days, according to AIM rules.
This may seem like a success story for you, all the best with your investments.

[kemche] 27/10/2022 22:14

What if the skeleton is not in the cupboard and there for all to see?

[boll] 27/10/2022 22:11

in answer to your question the answers no. It's always difficult coming into a business to turn it around. you quickly in my experience find lots of skeletons in the cupboard

[smithydave] 27/10/2022 21:30

Hi Boll! Are you and RDT employee that’s been out for a bit of Dutch courage before you put out the results?

[boll] 27/10/2022 17:58

the new managers are trying to sort out the mess left by the last lot who also manage to raise 7m of cash from institutional investors. I think the focus of the new management is correct. If you look atvhgd account of integritie subsidiary you will see that it loses an arm
and s leg Lsngdons also loss makinh

[chrisdgb] 24/10/2022 14:34

I think there are lots of us with things crossed..........

[1jki] 23/10/2022 16:04

When is the AGM ? I thought it needed to be before the end of October! Spend matters used to include RDT in its' top 10. This has to be a take over situation... please.

[oldernie] 22/10/2022 05:42

https://www.realwire.com/releases/Rosslyn-Named-in-Spend-Matters-50-Providers-to-Know

[hastings] 17/10/2022 15:46

Still hiring by the way, a new member added to their fantastic finance team according to a recent tweet.