Rosslyn Data Technologies Share Discussion Threads

[babbler] 04/10/2023 13:12

Maybe. But someone is selling today

[cloudwars] 04/10/2023 12:41

I'd assumed Amati's decrease in % terms was down to the recent dilution - not that they were selling down?

[daicaprice] 04/10/2023 12:41

Crazy 30% drop on what is under £5k of published sells, got to be some value from here surely?

DC

[babbler] 04/10/2023 12:37

Amati getting rid of the last few? Had 700k left looks like 300k offload today

[cloudwars] 04/10/2023 12:27

Very low volume - unless there is a large trade in the background. Options are exercisable at 25p so it's in PW's interests to get the share price going northwards. I'm more interested in the calibre of client they are pulling in. (Things may be far better behind the scenes than the share price would indicate) Time will tell etc.

[private38] 04/10/2023 11:27

@harry163 - I am presuming Ms Kimura is connected - it doesnt surprise me that the firm is being filled by friends and family. What is unacceptable is the Chairman has not dealt with this. His leadership is shocking at best. The stock has been consolidated for liquidity reasons etc (balls - the real reason was to cancel their options and reissue them), they raised £3m on an exciting future, and the inked has hardly had time to dry and the stock is down today by a whopping 25%. It is very simple - if the CEO had a moral bone in his body he would walk, if the Chairman had any leadership he should fire his CEO if he didnt resign, whilst let us not forget the institutional investors who have been stuffed with this stock by the broker - why aren't they calling for his removal? The CEO has failed and is failing.

[harry163] 04/10/2023 08:42

@hastings - FYI

www.linkedin.com/in/maya-kimura

[hastings] 03/10/2023 17:22

Very interested on the "friends and family" aspect. Can you possibly expand?

[harry163] 03/10/2023 09:43

The company now has a market cap equivalent to the cash in the bank, i.e. no intrinsic value. However I am sure that by now at least million will have been wasted on spurious marketing and self-serving purchases.
I feel sorry for those gullible investors who bought into to the Board's rose tinted forecasts for 2026 revenues. This team are incapable of delivering any coherent strategy and certainly are incapable of growth.
Spending other peoples money is very easy, making it is harder. This CEO has not bought a single share, has increased his own salary wherever possible, employed friends and family, hoping no one would notice and generally feathered his own nest with investors funds. AIM is still a hiding place for scoundrels.

[1jki] 03/10/2023 08:03

20% drop since consolidation. V.depressing.

I wonder if they will get the AGM announced this week so that they can at least hit one deadline. Last year it was 2 months late. Not sure it will be anything other than the same rhetoric spouted for the last 2 years though!

[hastings] 30/9/2023 07:57

Given that they apparently splashed all the previously raised cash (circa £6m) on product development it is perhaps surprising to read the comment below from the recent Broker note. They must be developing some product!Equity funding to accelerate the growth strategy. In order to accelerate the next phase of the growth plan, £3.3m (gross) (includes £0.6m of credit linked notes) has been raised to fund *product development* and to expand the sales and marketing teams. We anticipate the Group will reach profitability by FY2026

[kemche] 30/9/2023 05:44

They will be back for another fundraise within the year. Another consolidation anyone?

[maty] 30/9/2023 01:27

Options granted .. didn't work last time with these guys so doubt it will work again ... who is running this company ?

[daicaprice] 22/9/2023 11:16

The Bottomleys still holding I see, can’t be a huge amount of free float.

DC

[maty] 21/9/2023 16:59

Let's see .. need new business

[daicaprice] 21/9/2023 12:12

2 good size holdings from the fundraise, must be confident.
May dip a toe back in on any weakness in the consolidation price.

DC

[private38] 05/9/2023 08:32

This type of behavior and incompetence should in some way be censored. Surely that falls to the broker and nomad - Cenkos. How they have the moral compass to represent and raise millions of pounds from investors for this completely flawed CEO and CFO is astonishing. As tiny little shareholders, we have little say but let's at least ensure we vote accordingly at the AGM.

[1jki] 04/9/2023 14:03

When this board took over they had £7M in the bank, £7.5M of revenue and were cash flow positive. This certainly has been a turnaround, incompetence is being too kind to them. They have sold off more than half the revenue for £0 benefit. They have no clue how to run a business. I doubt this fund raise, which will be succesful, will make any difference. Noticable that the CFO, CEO and one of the non execs still haven't bought any shares. AT least the Chairman, who is fully culpable, is putting some money in.

[harry163] 01/9/2023 08:24

Agree with Private38. The team are not up to the job and frankly never have been.
They believe that if they waste enough money on themselves and hapless consultants, the sales will materialise. If it was that easy we would all be tech CEOs.
As cloudwars states the CEO came from BluePrism, where he was a middle manager with no credible record of success. To think that such an average person can be a tech turnaround CEO is, as has been proven, idiotic and very costly for all shareholders.
Cenkos forecasted numbers are the usual rubbish they spout out to get a fee. I am surprised they managed to raise any money at all. So well done there.

[boll] 31/8/2023 17:04

I think someone needs to ascertain whether the final proceeds of the sale of Integretie which was sold last November have been received. I don’t have a shareholding as I sold out last year. You can’t believe the cash flow forecasts the company produces as the pipeline of potential orders is taking much longer to convert than expected. That said it’s probable a decent enough product that has a very lengthy sales cycle coupled with all the changes in personnel

[kemche] 31/8/2023 14:19

It's a laughing stock.

[slicethepie] 31/8/2023 14:14

Why would you take on £600k of convertible at 10% in a refinancing like this, the bod are not in charge here, they are being fed a story by their fee driven scummy advisors. Not investable because of this and the chinless ceo not putting a penny of his money in despite getting a free ride with share options.

[1jki] 31/8/2023 11:45

I'm with kemche, at the last AGM we were told the cash burn would be below £100K by May, and that profitability would be achieved within 18 months. Revenues are almost £1M lower than 2021 on a like for like basis when the CEO took over.
A company at cashflow breakeven is now burning £2.4M or more, what a great BOD! I have no faith that they can turn this round with the current team. £10M by 2026, that's 100% growth each year. Last contract reported was a huge £120K 4 months ago..... they need to put a rocket somewhere unpleasant if they are going to achieve this. Who's betting when the next contract win is .. 2 days before the EGM? Let's hope maty is right.

[kemche] 31/8/2023 09:55

"I see Cenkos is forecasting revenue to move from this full year of £2.9m to £10m in 2026!"

I don't know why they do that. Why not £167 million?

Under the tenure of the current BOD they will do the square root of FA.

[maty] 31/8/2023 09:12

Ground work ...how long did that take ????