Rosslyn Data Technologies Share Discussion Threads

[turbotrader2] 09/1/2024 15:14

Hugely undervalued

[cloudwars] 09/1/2024 15:12

I still maintain that this is massively undervalued. How much would it cost to set up a SaaS business with blue chip clients? Ignore the historical share price and focus on this as a fresh investment.

[turbotrader2] 09/1/2024 15:01

completely NT for volume only 3k clips available
Bid side will take huge amounts

[maty] 18/12/2023 07:52

I am confused why the bottomleys got involved

[1jki] 15/12/2023 12:15

P38 - I spoke to the founder after, he was rightly annoyed. A 96% reduction in market cap, a 66% dilution to shareholders, staff turnover > 90%.
Evidently 3 of the 4 board members told Appleby that Watts was not up to the job, hence he and the CFO followed the outed CEO within months. Appleby seems to be a puppet for Watts to manipulate.

[private38] 14/12/2023 13:06

1jki - Watts the remarkably incompetent CEO took up the reins on 6th April 2021 - 2.5 years ago and before that he was head of sales. At the AGM he blames the previous management? No wonder the founder tore into him. If we gave Appleby and Watts a penny for their efforts and thoughts we would get changed! To then state the tech goes 10x faster which enables them to service 10x customers and it takes them 60 months to pay back what it costs them to acquire a customer ie 5 years - clearly demonstrates that if these two clowns had one brain cell between them it would be lonely. They have torn through this company and left precious little.

[maty] 09/12/2023 03:11

Terrible but will be looking to look after themselves only .. management history

[turbotrader2] 08/12/2023 17:10

Bottomley family seem keen

[turbotrader2] 07/12/2023 13:45

Hearing news is inbound

currently peanuts available at this level

[kemche] 04/12/2023 16:50

"the new tech will deliver 10X more customers 10 times faster". That's the danger of drugs right there! Just say no!

[kemche] 04/12/2023 16:49

Let's just have the next consolidation and fundraising FFS!

[private38] 27/11/2023 16:42

Be interesting to hear thoughts and feedback from anyone who went to the AGM - thx very much.

[kemche] 20/11/2023 17:53

Ask - when is the next fundraising and consolidation - we have not had one of those for a few weeks.

[private38] 20/11/2023 16:47

We all know this but it depressing to read.....We Discuss Why Rosslyn Data Technologies plc's (LON:RDT) CEO Compensation May Be Closely Reviewed

[...]

[maty] 17/11/2023 09:00

Ask CEO why his daughter is working in the company

[kemche] 13/11/2023 13:52

Ask - do you have any shame whatsoever?

[private38] 13/11/2023 13:47

Question - What would you have done differently - if anything?

[1jki] 08/11/2023 11:49

I've decided to go to the AGM this year. If any one has any questions they'd like me to ask just leave a note here.

[harry163] 01/11/2023 08:04

One day the Chairman and CEO will look at themselves in the mirror and appreciate that they are totally out of their depth and have failed themselves, the shareholders, the clients and especially the employees. They have wasted 10 million in investor funds, destroyed any potential the company ever had, do not understand their own products, cannot sell their own products and are currently losing clients. The Board's delusion of its own abilities is close to being a medical condition.

[kemche] 31/10/2023 13:21

Basketcase.

[private38] 31/10/2023 12:47

@1jki - well remembered and caught. That makes this even grimmer.

[1jki] 31/10/2023 11:50

The average contract length was 3 years, might be less now. With a CAC of 65 months that's a 5+ year payback.... you need every contract to renew for at least 3 years just to break even. Not a good business model. As an FYI cash burn was meant to be down to £100K according to CFO by the end of Apr 22. Something went very wrong. No wonder they were late in the announcement. When Watts took over revenues were £4M and margin was over 80%, cash burn was under £100K per year. Time for a proper CEO.