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Why is Profit before tax only 300,000?
Solid as a rock...obviously the accounting error took the company BY a storm,but the market over reaction created a clear BUY opportunity. As a result of a swift action by the strong management,and staff the company will end up even stronger than before. Expecting the SP to have a strong rise next year and thereafter. Have a good break all.
Yes solid RNS. RCN should be able to move on and up in the new year.
looks solid to me: FINANCIAL HIGHLIGHTS -- Revenue up 2.0% to GBP53.0m (H1 FY16 restated: GBP51.9m) o 84.3% recurring revenue o Recurring revenue up 5.9% (1.9% organic) to GBP44.7m -- Adjusted EBITDA* up 16.6% to GBP9.1m (H1 FY16 restated: GBP7.8m) -- Adjusted EBITDA* margin 17.1% (H1 FY16 restated: 15.0%) -- Statutory profit before tax GBP0.3m (H1 FY16 restated: GBP2.5m loss) -- Adjusted EPS** 2.48p (H1 FY16 restated: 2.53p). Statutory EPS 1.11p (H1 FY16 restated: (1.96p)). -- Net debt GBP34.4m (31 March 2016 restated: GBP37.8m)
care to elaborate why please ?
Great RNS
Me thinks......takeover offer is on the way! I just don't get the timing of the forensic audit.
Should I not be greedy and just leave it there? Or should I have one more top-up? Only a half day tomorrow, and half day next Friday, so the RNS has to come soon now! Of course, it might be disappointing, but I think we should be ok.
Mind you, just went to buy some more, and got quoted nearly 84p! So maybe we can crack this and hold it by the close of play?
..one day or today ?
Shame. Again, it didn't hold then. hopefully one day.
Market has completely failed to notice rcn won 38 new clients hit h1
H-hi,, you obviously have good taste! Yes, PMO is a joke and only god knows when they will get their crap sorted but, I suspect it will come good at some point! Redcentric on the other hand have taken the bull by the horns, made sure issue was sorted and have done so with amazing speed, clarity and communication. This one is a cracker and is going to come good sooner rather than later IMO. RCN-PMO poles apart! Cheers
seems you are in shares that i'm in as well. PMO / RCN.......PMO is a joke but RCN is a big joke at this price when they could be snapped up by data centre monsters like (microsoft / Amazon) easily. RCN is in now + future business. Don't sell until 160p minimum......why? the SP held above that post brexit nonsense.
250k buy
bought in last week and its already one of my best performing shares, Yeeha! Soooooo looking forward to the results and, if everything is as we think then it can only go in one direction IMHO. GLA
Nice buy above the asking price
seems I was right about the potential coiled spring thing this morning ;)
Couldn't agree more you just have to look at some other companies and show me where they are valued 120million and turning out profit of around £20million a year
Only the start...this should be above 100p,and even then it's not fair value. Oversold because the accounting error,but dealt with it very well. Revenue,and profits are still robust.
very nice! Will it hold though?
Company market cap 120million not 140 that's even better for value
If they report £9million pound profit for 6 months that will be very impressive considering company is valued around 140 million no wonder big institutions increasing or taking stake, given clients are blue chips companies
And that large trade was a buy and if you look at the date it's 16/12 but late reported
Just added last few, it's resuming uptrend now, results with be out in next day or two and I don't think there will be any skeletons in the closet as it's already out, my guess over £1 come results day, remind me if I'm wrong, all the best gents