Rosslyn Data Technologies Share Discussion Threads

[private38] 01/12/2022 09:40

I agree with Hastings - having made such a commitment I doubt they will use this platform to voice their anger. They will do it behind closed doors. BUT I bet they are livid with this shower as the sector is white hot and these guys are out to lunch. I think the closest they will get to voting against is NOT voting. I have seen that before. We need to watch and see the outcome. If they dont vote then there is a material overhang of stock ready to hit us.

[hastings] 29/11/2022 21:12

I very much doubt that!

[private38] 22/11/2022 13:02

This will be my first time I am ever going to vote at an AGM - probably sums up how i am going to vote

[hastings] 18/11/2022 07:10

2p or not 2p!

[z1co] 17/11/2022 12:41

2p before the AGM

[z1co] 17/11/2022 12:41

kemche is the silent buyer , the share price will soon whhooossssh.

a kem special.

[1jki] 17/11/2022 12:21

Not sure how they get down to £100k per month. They were at £230k the disposals were lowering the burn by circa £70K per month. This would mean they have to cut costs by 2/3rds. Need to see 1/2 year accounts showing the majority of this has already happened before it is believable. I expect the broker note assumes that they will achieve the revenue growth to get to this average... so 6 months at a higher burn at least.

Harry163 - vote No, but who would join or want to take on the challenge?

[harry163] 17/11/2022 11:15

Interested in bulletin board opinion.
As the CEO is up for renewal of his position as Director of the company at the next AGM (6th Dec), how many here would vote:
YES - good performance for shareholders over the last 18-24 months, please carry on
NO - poor performance for shareholders, need a new Board of Directors

[hastings] 17/11/2022 09:48

The cash burn by the year end will be down to £100k per month or £1.2m per year according to the broker note. Still think this will be acquired, just surprised that the majors haven't instigated something yet!

[1jki] 17/11/2022 09:33

Paul Hill has it spot on, look at the financials. The business has tanked, they may have won a number of contracts but it isn't offsetting the churn they are suffering.

Not sure a fund raising will be any good... they must be burning at least £2.0M a year after Integritie gone. Raising £2M at 1p isn't a gamble worth taking this is an admin or takeover situation.

[boll] 09/11/2022 15:42

maty They need the sales force to support the partners

[maty] 09/11/2022 03:56

If they are winning all their new contracts with a partners introducing them ... then their cost base should be negligible .. reduce the sales force and keep it lean .. seems like no brainer

[kemche] 08/11/2022 12:40

A love that dare not speak its name.
How nice.

[z1co] 08/11/2022 12:30

Nice price reversal today must give all the credit to kemche.

[z1co] 08/11/2022 12:29

kemche posts a few negative posts to scare a few in to selling and then he buys more on the dip and the price goes wooooooooossssssssssssssssshhhhhhhh.

A kem special.

Fully funded winning new customers sold down from 8p to 1p.

First target is 2p and 4p is possible in 2023.

[kemche] 08/11/2022 08:40

They had £2.4m cash, £2.3m current liabilities and a cash burn of £2.2m at the operating level. The simple maths tells me a fundraising is coming. The confetti at the current price will be gargantuan.

[hastings] 08/11/2022 08:29

They should be ok for cash for sometime given monthly cash burn reduced to £100k (Cenkos) key will be an acceleration on those contracts.

[kemche] 08/11/2022 08:23

Fundraising looks inevitable.

[z1co] 08/11/2022 07:57

Fully funded at the moment with over £2.5m cash.The business is winning new contracts with highly established multinationals.

[masurenguy] 08/11/2022 07:38

An update on Rosslyn from Paul Hill who is also expecting a fund raising here.

[private38] 07/11/2022 16:36

If we are going to see a revaluation after the recent steep declines we will need to see an increase in the velocity of new client wins to bring down the CAC from 122 months!! In the report and accounts - ie it takes 10 years to pay back what it costs us to win a client! Good SaaS metrics aim for 12 months or less. Then momentum in ARR which needs to be growing at 20% pa - at £3m of revenue that is £600k a year this year - 6 clients. With this we will see the multiples expand from c.1x to c.+5x's..... then they need to keep this progress up. The CEO needs to put his foot down and appreciate that news flow is an important catalyst. This will get trading volumes up and enable the overhang of bruised shareholders trade out and new shareholders take a position..... I hope...

[z1co] 07/11/2022 16:17

Kemche buying lots more with his profits from OSI.

Kem special price is going whoooooooooooooshhhhhhhhhhh !

well done kem.

[z1co] 07/11/2022 13:38

Now that kemche has put his winnings from OSI we will get a kem special WHOOOOSHHHH !

[kemche] 07/11/2022 13:31

Only Zico understands the markets.
Fact!