arborman
16 Jan 2017
Re: RNS More good news, should see a nice rise todayWould love to know who this new customer is.....
methilman
23 Oct 2016
Re: RNS Just doubled up in the 1.40's.Patience may be required, however.Mm.
arborman
17 Oct 2016
Re: RNS Another good RNS and the sp dropsCould be time to top up soon
arborman
05 Sep 2016
RNS Trading UpdateRNS Number : 8880IRedstoneConnect PLC05 September 2016 For immediate release5 September 2016 RedstoneConnect Plc("RedstoneConnect" or the "Company"
Trading update RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, is pleased to announce that trading for the six months ended 31 July 2016 continued to be strong, with the business performing in line with expectations. The Company has seen continued progress against the Board's strategic objectives in the period with robust levels of new business enquiries from both new and existing customers for a combination of IT networking projects and the Company's newer smart building software solutions. This progress is further evidence of the evolving dynamics of the RedstoneConnect financial model as management focus on building the Company's recurring revenue base whilst growing margins. In the first six months of the current financial year, the Company continued to develop its suite of software solutions for smart buildings and commercial spaces with the expectation that these will provide the Company with an increased flow of annuity based revenues in the future. This broadening of the Company's focus from project-based contracts to annuity, software licence and higher margin services was evidenced in new contracts in the first half of the year, which included:· a £12 million services contract extension with one of the world's leading financial institutions;· a three-year framework contract extension with UBS for the global roll-out of OneSpace (the Company's occupancy management solution), following the successful deployment of the application in London;· a contract extension with GlaxoSmithKline to roll-out the Company's Site Map and wayfinding application at its Asian headquarters in Singapore; and· the award of a contract to Connect IB and Redstone for the implementation of the Company's smart technology software at a major UK shopping centre utilising both smartphone and beacon technology to deliver a host of services. In addition, the Board is pleased with the structural progress being made including: · the successful rebranding of the Company as RedstoneConnect, to reflect a combination of the Company's established presence in IT infrastructure and its newer additional focus on implementing smart application software solutions; and · the integration of Connect IB (acquired in March 2016), which has already begun to generate a number of new cross-selling opportunities, including the deployment of Connect IB's wayfinding, smart car parking and smart retail solutions for both new and existing customers. Post period end, the Board was pleased to have completed the restructuring of the Group, following on from last year's successful divestment program, with the early exit of an onerous lease (not due to expire until September 2018) over 20,761 square feet of surplus office space in Stokenchurch, Buckinghamshire, previously used as the Company's headquarters; resulting in both reducing the Company's cost base and generating a significant cash saving. The Board looks forward to providing a further update on progress with the half year results, which will be published on 11 October 2016. Mark Braund, CEO of RedstoneConnect commented: "We are pleased with the strong first half of trading, having secured a number of new business mandates allowing us to broaden our revenue base to include recurring project, licence and higher margin services business. The strong momentum in the first six months of the year has continued into the second half and management is confident in the Company's prospects for the full year. "The heavy lifting associated with our restructuring is now complete leaving the business leaner, fitter and ready to capitalise on
arborman
30 Aug 2016
Re: Trading Update there are no brokers covering REDS, the fools
charlie51
29 Aug 2016
Re: Trading Update Not sure you have missed the boat at all. Momentum is now with us and will probably be maintained for the next 4 trading days upto 5 Sep. If that is positive, and the recent RNSs lead one to think it is unlikely to be negative, then we could continue on up. If one bought in at 1.9ish and the SP goes to above 2.2 then that is a useful gain of itself, albeit not as great as buying in at sub 1.5. I see the above as entirely plausible. What I have not seen is any SP targets from the brokers - has anyone had sight of them?
dave297
27 Aug 2016
Re: Trading Update Think you are right arb but happy to have a reasonable holding & to be just about in profit having first bought Coms @ over 5p.
arborman
26 Aug 2016
Re: Trading Update Does not look like much weakness Dave so Best Buy soon
dave297
25 Aug 2016
Trading Update on 5th Sept will be interesting & if as positive as expected ( based on recent announcements) our SP may continue to re rate.Tempted to buy a few more ahead of 5th on any weakness.
dave297
18 Aug 2016
Re: All distractions now gone Not sure what the rent is but if they have provided 75% in the accounts there should be decent provision release-eg if £100k pa & £150k provided to cover end of lease over £100k would be released- increasing profits accordinglyReds now a new co under new mgt & constrained by fact that we are supplying services to a sector(property) which some feel will be under pressure.Our clients seem to be large companies who will want their buildings to be smarter than ever.V happy with my inv here & almost in profit!
charlie51
18 Aug 2016
All distractions now gone It would be interesting to know the scale of the savings, if any, from this.RedstoneConnect completes operational restructuringStockMarketWire | Thu, 18th August 2016 - 07:41RedstoneConnect has confirmed the completion of its operational restructuring with the successful early exit of the lease (expiring in September 2018) over 20,761 sq ft of surplus office space in Stokenchurch, Buckinghamshire.With the disposal of the company's Telephony Services division in May 2015, the disposal of the Media Division in December 2015 and the exit of the Brentwood office lease in September 2015, the exit of the Stokenchurch office lease now completes the operational restructuring."This enables RedstoneConnect to focus entirely on its core strategy of providing technology and services for smart buildings and commercial spaces," the company said in a statement.
arborman
01 Aug 2016
£12 million Contract extension announced worth £12 million over 5 years should help the sp continue its rise
IB Investor
28 Jul 2016
Re: UBS I was surprised that the original coms was tipped as they seemed to be in competition with the big boys BT etc. Indeed they conldn't compete. But now this new niche market seems much more interesting and dynamic
arborman
28 Jul 2016
UBS Great RNS, and this is only just the start
dave297
13 Jul 2016
REDS I bought a few more today as the recent trading statement was positive, the new CEO appears to be consolidating the business, the business has been rebranded to distance itself from the basket case which was Coms .Not sure how Brexit will affect us,if at all, but I suspect that we will have to wait until the next trading update before we find out more.
