Oh hello Paul |
#Tim8749, Watts took over in April 21, when the share price was over £3.50. The Company had revenues of £7.5M more than £6M in the bank and was cashflow break-even.
That's a considerably higher drop than 50% drop for revenue. A wild 98% drop for the share price and horrendous dilution.
I really do hope the Amazon deal works out. The Partnership with a consulting firm I fear is doomed to failure... this must be the 3rd or 4th time the company has announced one of these and they all fail.
The marketing point is well made, since these two deals were announced, nothing has been posted.
Marketing is so poor that when you go to the Rosslyn website the images/videos are of the former CEOs doing press interviews or company presentations. Watts isn't in the pictures, supporting the glassdoor statement. Having said that I do agree that Glassdoor is a poor barometer.
The full year should be a different story. Hopefully they will win something more before the end of March. |
 Spent a minute thinking about this one... Can't find any good news; but would be intruiged to hear from others.
RDT IN A NUTSHELL:
1. Weak Financials
○ Limited revenue growth, persistent net losses, and reliance on repeated share placings have kept the share price depressed.
○ When Paul Watts took over (around early 2022), annual revenue was hovering near £6–7 million. Subsequent statements have shown minimal or negative revenue growth
○ At the time Watts became CEO, the share price had already declined from its IPO days. However, it has since dropped even further, hitting all-time lows in certain trading sessions. The percentage drop since his appointment is severe—some estimates suggest a decline of 50% or more over the period, pushing the stock firmly into penny-stock territory.
○ RDT has frequently operated at a net loss, burning cash to fund operations and product development.
○ Continual cash burn raises concern over sustainability.
○ Despite cost-cutting initiatives promised under Paul Watts, RDT has continued to post significant operating losses, often around £2 million+ per annum (depending on whether you look at full or half-year results).
○ Management has frequently attributed these losses to “investment in product development” or “restructuring,” yet the runway for turning these costs into meaningful revenue remains unclear.
2. Poor Market Sentiment
○ investor confidence has been eroded by unmet promises and constant dilution.
○ Weak trading volume means small trades can cause dramatic price swings, exacerbating investor uncertainty.
3. Negative Reviews & Culture Concerns
○ Numerous negative reviews point to poor management structure, lack of clear direction, and general dissatisfaction. While review sites can be biased, the consistent tone of discontent raises questions about RDT’s ability to retain or attract top talent. Red flags about operations. Let's not forget the marketing department is Paul Watt's daughter.
○ Shifts in focus—e.g., from “data analytics” to “procurement analytics” and attempts to chase bigger enterprise contracts—have not consistently translated into the stable revenue growth shareholders had hoped for.
4. Overhyped “Big Deals”
○ Touted major contracts or “strategic partnerships” (like the rumored Amazon connection) have not notably impacted revenue or profitability. Big-name deals do not guarantee high-margin income if implementation is complex and margins are thin.
○ Why can Watts & team not close any deals?
5. No competitive edge
○RDT’s pivot to procurement analytics places it against deep-pocketed, established players. Without a compelling USP (Unique Selling Proposition) or strong distribution channels, RDT risks continued marginalization in a crowded sector. |
Glassdoor is not a very good gauge. It's very easy to write dummy reviews ( I've written a few on different companies) which is going to be the case here with so many disgruntled ex directors and their loyal followers. Let the Amazon contract play out - they don't sign deals with anyone. This will multibag on some good news. |
My advisor, once more pressed me to justify my continued insistence on holding this wretched stock. I answered simply—I had but five pence to lose. Not really a very clever answer to the exam question. Yet, he requested me turn my eye towards Glassdoor.co.uk, where the murmurs of those who work within the company—past and present—form a crescendo of discontent. I must now confess of my own complete dereliction of duty, for I had never heard of the place. And now, having seen, I cannot unsee. Not a single word of praise is to be found for management; not a whisper of confidence breathes through this firm. How the board of directors, and those who ought to guard the fortunes of investors, remain blind to this lamentable state of affairs is beyond my comprehension. This stock, weighed down by the discontent of its own workforce, shall surely remain as motionless as a dead fish. It is a lesson hard learnt, though five pence be the price of my enlightenment. |
Buys marked as sells. Some buying going on here under the radar. Check out the price. Holdings rns too. |
Lifestyle. Nothing but. |
Shocked to see ARR only raised by such a low %age when Amazon included, if Amazon committed to spending £650K p.a. then they pretty much lost the same amount, that's a lot of low value contracts. I don't think management will take this over, cash burn is still to great. |
It's a dog to be taken over by management soon at a pittance after all the money has been spent sorry to say my opinion |
Looks solid with plenty of prospects for growth.. onwards and upwards from these low levels |
I understand the hope that many place in this stock, but let us call it what it is: hope. A noble thing, but fragile without substance. I cannot escape the distinct impression that what we are seeing is not the full story—there is an internal narrative and an external façade. Coupled with a troubling silence and a dearth of news, this should give pause to any who place their faith here. The CEO, has broken the company and the trust it once had, and is wholly unsuited. After recently securing a contract of such magnitude, one would expect any entrepreneurial enterprise to trumpet their win, to move quickly into the market with this held high. And yet, what do we find here? A silence, deep and impenetrable. Why? What is he shy of? The possible answers haunt me. Loyalty, is a fine thing, but it must be tempered with reason. The currency of trust is finite, and illusions—no matter how grand—will, in time, crumble beneath the relentless weight of reality. To turn a blind eye is to risk perpetuating a cycle that serves no one but its creator. It is time for the Chairman to square his shoulders, and swing. For there is no future if he hesitates – he needs to act, so that this company might yet find its footing and prove worthy of the trust it has been given. |
This company is terrible at sharing any information. The half year finished 3 months ago. Still no update, would like to know ARR at end of H1. |
Any news ? |
Have a good feeling this is a turnaround year for RDT, with a Mcap sub £4m it will multibag on the right news, no without risks obvs but compelling r/r play IMHO |
P.S I don't gloat at people's misfortune unlike others that seem to frequent these trashy BBs. |
I have lost a significant amount here but I still believe in the Company. Why would Amazon and this global consulting firm be using RDT's system? Answer.. because it's clearly better than the rest and at an incubation stage where it can be adapted to their clients needs. i.e They can see the promise in the product and want to get behind it. Merry Christmas.....! |
Yes you are and lost almost 99% of the company's value and stillGloating |
There is something more to this .. shareholders money being used to create something which when almost ready and shareholders had enough stumping up cash the insiders will take over the company for a song .. happened so many times before in my opinion only |
Trotters would be absolutely right—he aptly described the situation as a "shafting." We've all seen capable management teams take a good idea and work tirelessly to bring it to life. It's a brutal process, often taking far longer than expected. However, if the idea is sound, the leadership resilient, the engineering robust, the market viable, and sales and marketing strategies well-positioned̵2;all bolstered by a healthy dose of perseverance—there's a fighting chance to breathe life into the company.
But when an idea is placed in the hands of a leadership team rotten to its core, no amount of effort or resources can salvage it. Such teams are far more adept at shifting blame and "shafting" investors because that is their business model. The CEO doesn’t back himself—his actual business model has failed. His only strategy for personal gain is exploiting others.
Why the Chairman continues to funnel hundreds of thousands into this CEO’s pockets is a mystery—perhaps he's holding out for a stroke of luck. But frankly, it’s sheer idiocy to keep backing this CEO. The sooner the Chairman wakes up to reality, the better. |
It's also worth noting that the Chairman has stumped up £250K+ 4 times now. This must be his final and last chance saloon. However, I was surprised to see a competitor win a similar contract with Amazon though.
I think the biggest shock here is that the CEO who has lost 98%+ of shareholder value since taking charge, doesn't have the courage to buy stock himself, but has diluted his option price by 95% so he get's a return. Surely the Remuneration and Audit committee chair should be all over this. Grossly unfair to all shareholders. |
It's clear there are a number of wounded LTH's or ex-holders who have been shafted from their entry levels. I get that, we've all been there, anyone who invests on the AIM for any period of time will have been shafted at one time or another. The key question is determining if a Co has turned a corner, for battered stocks like this they can over enormous rewards if you time it right. While I'll concede their history is not a great advert for the Co, I can't ignore the validation of their tech by Amazon and the Top5 consultancy, which is only strengthened by the Chairman's action to pump in £265k at 5p, that ain't small change by anyone's standards. |
Spoke to the CEO on a couple of occasions when he stepped into the role. A car analogy was used, all about under the bonnet the chassis etc. Reality is, RDT has repeatedly failed it's MOT under his tenure and after inheriting a full tank it's burnt out and running on empty, stalling and spluttering to the next filling station. The New Christie Minstrels springs to mind!! |
I sincerely doubt Amazon would have pitted RDT's offering against others if it was vapourware..... Time will tell - I'm still optimistic- but hey I would be as I'm the Chairman and CEO...? |
This mornings news of resetting options makes me rage. The boardroom of this company is a stark embodiment of dysfunction and misplaced priorities. The CEO and CFO, having repeatedly missed every target they set, are inexplicably rewarded for their incompetence while their failures cascade hardship onto those around them. Presiding over this debacle is a Chairman devoid of moral courage and leadership, content to award failure and perpetuate a culture of mediocrity. This toxic environment erodes trust, demoralises employees, and stifles any hope for genuine progress or accountability. |
I'm not saying it's without risk obvs, it's £3.5m cap AIM CO with a chart that screams value destruction. That said you can't ignore the Amazon and Top 5 consulting deal (which has already bought in a deal btw) along with £265k purchase from the chairman. My take is that at current 5p level the R/R is to the upside. Time will tell |
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