Rosslyn Data Technologies Share Discussion Threads

[oldernie] 01/11/2022 11:16

In these markets, over the moon!

[chrisdgb] 01/11/2022 11:13

Are we happy with the price....??

[oldernie] 01/11/2022 11:10

Well, in for a penny......

[kemche] 01/11/2022 10:28

At this rate anyone who bought in April 21 will need a 10 bagger to break even.

Take a bow gents.

[harry163] 01/11/2022 10:20

Looks like investors are voting with their feet, down 30% to well below 1p.
Restated financials without a 'like for like' analysis and cherry picking the numbers that most suit the BoD's poor performance. The company will soon be worth less than the cash at hand. Just get rid of these wannabe entrepreneurs and get a credible team in.

[daicaprice] 01/11/2022 10:17

I’ll take a small first position @.94p.

DC

[oldernie] 01/11/2022 09:15

I'm sure they will when the Integritie sale has concluded and or take part in any fundraise.

[chrisdgb] 01/11/2022 08:24

Well, we need some director share purchases to at least send a message of confidence in the recovery story....

[private38] 31/10/2022 17:10

Jeeper Creepers! 2015 the firm had revenue of £2.8m, £5m in cash and there was 100m shares - and it was growing. 2022 - this shower has stunningly achieved similar revenue, 300m shares, less cash and shrinking. They are going full circle - now back to focusing on what the firm focused on back in 2015. The Board have hired and fired not just the Directors but what appears the entire firm - it takes years to create a team and culture - it is not lego! FUMING.....

[1jki] 31/10/2022 17:04

Just noticed this statement from the Chairman,

"With our refreshed product, team and strategy, we exited the year in a far stronger position than when we entered it - and, indeed, than at any point in our recent history. We are now working hard to deliver on this strategy and I look forward to reporting on our progress"

You just blew £6M in cash to deliver £3.4M of loss, the largest in the Co's history.

how long to get the half year statement ?

[1jki] 31/10/2022 16:59

Spot on Kemche.... would have preffered to see a direct comparison to 2021 not the watered down "restatement of last year". End of the day disaster sits squarely with the BOD.

[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 16:22

Private38, big fan here.

[kemche] 28/10/2022 12:46

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

[boll] 28/10/2022 12:37

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