theprior
07 Nov 2016
Accounting irregularities Millions misstatedWhat's that going to do to the sp ????CFO sacked !!!TP
wineberry
07 Aug 2016
Sector to be in Comments in this weeks' Share Magazine have RCN as a buy with comments "analysts see it as among a handful of UK's most attractive software sector's small caps thanks to the surge of outsourced integrated IT and communications services"Debt had risen at 31.3.16 to £25.3m. Expected to look for further acquisitions. Most bullish analyst targets 245.I have held these shares for some months. Well worth looking at but as always DYOR
theprior
26 Jul 2016
AGM statement (LOL) "The year has started well, and the Company expects to report first half results in line with the board's expectations."Hope more detail is given at the meeting !
))))TP
theprior
20 Jun 2016
Final Results Transaction and aquisition costs hit the bottom line but overall this has been a good year. Next year's results will undoubtably show continued improvement. (Divi's up too !)Luck all, TP
mcescher
28 Mar 2016
Good analysis report on RCN Looking like a solid dividend payer [link]
loadsadough
20 Oct 2015
Re: Mail on Sunday rec... Hello sasa.Yes RCN looks like a nice stock I shall stay invested and see how it performs.I am recovering OK thank you. Still a few problems, but making a steady progress. I can't believe that I came out of the problems OK after all the problems that I had. I now invest in about 40% of my cash in stocks. The rest is waiting.Loadsadough
sasa43
19 Oct 2015
Re: Mail on Sunday rec... Hi loads - nice to hear from you and hope that you're recovering well...Yes, I think this should continue to do well. Been in it for a while now and just bought some more this morning. Will have a look at the other two you mentioned....sasa.
loadsadough
19 Oct 2015
Re: Mail on Sunday rec... Hello sasa.I just bought this one today. It looks interesting.Have a look at OPTI, and FRM if you get the time.Loadsadough
sasa43
19 Oct 2015
Mail on Sunday rec... on this yesterday in the Midas column - comprehensive article with a firm 'Buy' stance in conclusion - 'lots more to come'....sasa.
oldjoe1
19 Oct 2015
RCN, On verge of technical breakout. RCN Redcentric PLC,(software services) technically looks on the brink of a breakout, growing organicaly and with the addition of small aquisitions[link]
forwardloop
27 Aug 2015
info - buy Shares mag buy - courtesy of Alliance TrustRedcentric’s growth pushManaged services buy-and-build proving its quality modelSteven Frazer As global recovery concerns dominate stock market direction, niche plays with a proven track record for reliable growth will increasingly stand out and attract premium valuations. Redcentric (RCN:AIM) is just such a company. Having demerged from the old Redstone business in April 2013 and then basically doubled its size with the December 2013 Intechnology acquisition, Redcentric has now become one the of UK’s larger independent managed data and network service providers, with financials to match. Most recent full year results to March 2015 provided evidence in spades. Underlying revenues and EBITDA (earnings before interest, tax, depreciation and amortisation) increased 8% and 32% respectively £94.3 million and £21.4 million. What’s really important to note is strong growth in recurring revenues (up 13% and now worth 81% of total sales) and an 18% increase in the sale pipeline over the last six months.Handling complexity Increasing contract size and complexity also bodes well for ongoing profitability improvements too. While communications kit income slumped 41% to £5.9 million last year this is no bad thing given the thin profit margins, as long as the revenue mix is managed well in future. EBITDA margins were 18% in the year to March 2014, but expanded to 22.7% last year, and they were 23.9% in the second half, a neat upward trend. Analysts are currently forecasting 23.2% this year, rising to 23.5% next, providing attractive scope for outperformance in real terms. The business communications space is fragmented and right now is hot for mergers and acquisitions, not least thanks to strong cash flows in this industry niche. Accordingly we have seen plenty of trade buyer action over the past 12 months or so. Redcentric itself has recently returned to the M&A trail having largely proved its own buy-and-build model, spending £12 million on a Calyx business in April that will add about 8% to revenues and EBITDA this year. So while this should mean that there is no shortage of potential deals for Redcentric to do down the line, there is also another interesting facet worth noting - private equity interest. Daisy’s £494 million management buyout backed by private equity investors Toscafund and Penta last year, for example. Companies with relatively debt-light balance sheets are particularly attractive to private equity firms which typically gear up for growth. Redcentric’s modest £4.8 million of net borrowings, plus rough £50 million of potential financial firepower stands out. Value proposition The company currently trades on an enterprise value (EV) to EBITDA multiple of about 9.3-times next year’s estimated £28.5 million, and a re-rating to 11.5-times would imply something like 25% share price upside, excluding further M&A. That would mean the shares trading at 225p or so, but any hint of private equity interest and we could imagine 250p or more on the cards. In the meantime, cash thrown off by operations last year was £15.9 million, and analysts see the Redcentric machine generating close on £22 million this year, and about £28 million in the 12 months to March 2017, the latter figure more than four-times the amount needed to cover anticipated dividends that imply a near-3% yield.Buy
Honest Herbie
25 Aug 2015
Prospects ...... Having investigated this company recently, it appears to have made significant strides forwards over its relative short life (2 years), with a very impressive Mar'15 year-end set of numbers and increased dividend. A share price increase this morning, back up to its previous level of last week. With acquiring higher value contracts recently you can see this stock taking off over the coming months.
II Editor
15 Jun 2015
NEW ARTICLE: Redcentric rally not over "It's been a decent year for services group LSE:RCN:Redcentric, with impressive full-year results reflecting both organic and acquisitive growth. The firm has sorted out its finances, freeing it up to take advantage of any acquisition ..."[link]
Dino78
15 Jun 2015
Short TV Interview with COO Afternoon all. Short TV interview with COO following today's results:www.fmp-tv.co.uk/company/redcentric-plc-investor-video/
theprior
15 Jun 2015
Re: Final Results Imvho with continued organic growth and further acquisitions I see no reason why the market cap should not increase steadily, continuing the last six months progressive rise in the sp.Regards, TP
