Rosslyn Data Technologies Share Discussion Threads

[kemche] 08/10/2024 18:45

The BOD must read this BB. You are welcome.

I will get some more at the next fundraising.


kemche21 Aug '24 - 08:51 - 2071 of 2139 Edit
0 0 0
We have one of the finest BODs on the market so shouldn't be a problem. Could do with another consolidation soon too.

[hastings] 08/10/2024 18:37

Disaster after disaster here. The CEO and Chairman have successfully resided over a total destruction of shareholder value, which has seen revenue slump from £7m achieved just four years ago to a current expected £2.9m this year. What's worse, is that back then, under the previous CEO the company had close to £7m net cash and was actually EBITDA positive.He went, the cash went, parts of the business were subsequently kissed goodbye and then they came back for more money. The anticipated and forecast reduction in cash burn never materialised and guess what, they're raising again.A big loss for me, but hey, at least the losses were useful elsewhere!

[kemche] 08/10/2024 17:03

Lucky William Black!


kemche - 21 Aug 2024 - 08:51:59 - 2071 of 2138 Rosslyn (Big) Data - RDT
We have one of the finest BODs on the market so shouldn't be a problem. Could do with another consolidation soon too.


kemche - 21 Aug 2024 - 08:41:02 - 2067 of 2138 Rosslyn (Big) Data - RDT
They have told us their monthly cash burn rate and current cash. Seems pretty simple to me.

I am going to get some more soon.

[timbo003] 08/10/2024 16:41

That's a big commitment from the chairman!

[tomboyb] 08/10/2024 15:55

massive discount -

[tomboyb] 08/10/2024 15:54

Rosslyn Data Technologies plc

("Rosslyn", the "Group" or the "Company")



Proposed Fundraising

Proposed Conversion of the 2023 Convertible Loan Notes

Proposed Capital Reorganisation


Rosslyn (AIM: RDT), the provider of a leading cloud-based enterprise data analytics platform, is pleased to announce a proposed fundraising to raise a minimum of £2.5 million (before expenses) via a conditional placing and intended subscription of new Ordinary Shares at the Issue Price of 5 pence per new Ordinary Share and the issue of the 2024 Convertible Loan Notes.



oh dear -

[1jki] 08/10/2024 08:43

I didn't see the announcement re an Interim, strange that Clive has left after his product must have been the one AWS signed up to. After such a great signing you'd expect a designer to be around when it is delivered.
I agree with #Tim8749 "Rosslyn X" was going to deliver 10X users and untold revenue growth, each client was going to buy the AI solution, all client contracts were going to increase by £50K+ etc. etc. They seem to think we don't remember last years hot air statements. Cavendish need to hold them accountable to their statements.
This is currently just another hot air boast until we see Revenues, ARR, EBITDA grow back to where it was in 2021 when Watts took over. This company always grew its top line until the Board took control. Will be interesting to say how they deflect the poor results from last year at the AGM with this AWS win. When is the AGM, will it be another late one again ?!

[tim8749] 07/10/2024 16:53

Until the Amazon deal actually comes to fruition, it’s just more empty words from RDT. Terrible declining stock price, profitability issues, negative operating margins, very small market cap and negative free cash flow…

Writing is on the walls

[private38] 07/10/2024 07:39

The CEO and Chairman claim to have built the latest and greatest platform, which was then followed by many painful months of silence. This was recently shattered by the news that they have bagged the elephant. Now we learn that no sooner had the ink on the contract dried, "our" Heads of Product Strategy and Solution Engineering jump ship. We all know there is something rotten about this company, but this now reeks. Those xxxless advisors at Cavendish should realise the importance of the close proximity of this contract win and these high level departures and instruct the company to bring us all RIGHT up to date.

[cloudwars] 04/10/2024 13:34

Looks like there is an interim person in place - perhaps the next full time Bod will come from Amazon - would make sense.

[cloudwars] 04/10/2024 10:13

Of course his departure may be due to RDT being snapped up by AMZN ?

[cloudwars] 04/10/2024 09:13

Deeply rotten bagging a contract with Amazon ..... I'm sure Sam Clive was good but his replacement will be noteworthy.

[private38] 04/10/2024 08:14

1jki - thx for this observation - you have sharp eyes. If this is the case then that wretched Chairman and the entire pathetic board need to be hauled in front of the regulators and held account. The same goes for the bankers, Cenkos now Cavendish, who have been advisors since the IPO. There is something deeply rotten that has gone on since the IPO.

[tim8749] 03/10/2024 14:49

I can’t see how it wouldn’t affect the AWS deal. Should have sold my shares years ago

[1jki] 03/10/2024 11:24

just seen on linked in that the company has lost its' Head of Product Strategy and Solution Engineering. I hope this doesn't impact the AWS deal.

[someuwin] 01/10/2024 11:11

Max buy quote is only 12,500 shares. i.e less than £1,500 worth.

[maty] 01/10/2024 11:02

Directors will take over and run with few staff and lo cost ... what they should have done earlier .. another aim scam in my opinion

[tim8749] 30/9/2024 15:30

I agree, Maty. They will be under and closed next year.

[maty] 30/9/2024 13:28

No way this will be in business next year ... disaster zone

[private38] 26/9/2024 17:03

Given the truly crippling and horrendous performance of this leadership team, giving them more capital ahead of a proper update, is like giving an arsonist a box of matches.

[maty] 25/9/2024 15:09

Are you kidding me

[kemche] 16/9/2024 08:52

Yes, but apart from that it is great.

[1jki] 16/9/2024 08:46

Unfortunately one deal doesn't change the fact that this board dropped >£12M of the valuation when Watts took over and had invested more than £12M in cash to achieve this. ARR has fallen though the floor. Revenues down more than 66% and despite a fund raise a year ago is out of money again.

What's happened to the promised £9-12M within 3 - 6 months. I assume this was the Amazon deal. If it is it's a lot lower than anticipated. If the Amazon deal adds so much expectation how have forecasts dropped significantly from last year. Something does not add up here.

I expect, but as usual info doesn't come out of this company until it's too late, that there's been a lot of customer churn.

The current valuation is still about right from an under performing management team.

[someuwin] 10/9/2024 10:17

Considering its ultra micro cap valuation, RDT represents the best AI play on the UK market right now - in my opinion.