We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Another company replacing UK employees with cheap foreign labour.
Well, that’s one way of dealing with disappointing results. An element of scapegoating here? It can’t all be the fault of just one person.
Usual hysterical market overreaction. Restoration of a modest dividend is welcome.
...on current form will be debt free in one year:)
Could start the inevitable rerating
There is a recent AGM report on Redcentric available here: hTTps://www.sharesoc.org/members-area/
To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hTTps://www.sharesoc.org/membership/
Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hTTps://www.sharesoc.org/contact-us/
RNS has gone out, with Coltrane Asset Management increasing their stake to circa 21%
Big Voume buy yesterday:
7,205,274 - £6.016M
11-Jul-18 15:12:45 83.50 7,205,274 Buy* 81.20 81.60 6.016M
Perhaps hoovering up some of the volume released by Schroders selling their 5% holding
May I ask why?
:)
Hi, I’ve had this for quite a long time and was on about 20% gain and on point of selling. I think my/lt good good business. But was getting bored with the FCA inactivity. What do they do all day? In fairness probably snowed under but this one should have took 6 months (weeks!) max. I was thinking something going on as there were abnormally low vols over last few days. Some people knew something was going to drop but not which way. Oh well.
Agreed - Bad luck for some of the holders, or those who bought this morning!. Expecting a further drop yet. The RNS has set a tone for the next FY. The full results now, are to some extend arbitrary.
will drop further , no rush to buy on this news . sorry for holders.
...on very small volumes. Remember very little % held by PIs, so will move fast on real news Gla all, Happy holding / adding:)
Brewing....steady amounts of shares being sold but share price still easing up. Is someone else building a stake? Great news for us PIs if so.
Very good point. And as I recall, the divi was quite generous. So something along those lines would do wonders. In any case, it feels like something is brewing
...if cash flow is significantly improved, and profits have returned, could they also start paying dividends again? That would be icing on this cake!
Not bad given many bought in at half that price following the crash. Personally, I'll keep holding for some time. Don't forget that this topped at �2 before sliding to �1.5 at crash time. Expect rerating to these levels in the medium time
Nudging slowly towards my short term target of 1.2 :)
The Board already hinted that the second half will be better than the first. They also issued a separate statement about significantly improved cash flow, which was more or less promised at the last AGM when the new FD introduced himself and explained his targets for the year ahead. What we are now waiting for is the confirmation of the FY profit, EPS and prospects for future contracts. Remember that this is a business with long term customers who have potentially large barriers to exit as financial costs and migration risk to their networking should they decide to go elsewhere.Provided RCN can deliver efficiently they are IMO in an excellent position for long term growth.
Must be getting close to the two years now, at least it feels that way:) Do disagree on potential, but let's just see how this play out
Glad to see the SP rising, but not expecting it to reach beyond 110ish even if it makes 100p. Think the RNS regarding the framework award is great, however a framework is different to a contract award. RCN now has to deliver on that framework, when orders are/have been placed. The news didnt have a huge impact on the SP price, but over the days after the RNS, there was a number of small rises up to 87p. Agree with a previous chat post, in the last week or so, why the increase in activity? Think its the II's and MM's up to antics. My current view, unless news pops up to the contrary is:: RCN released a trading update stating results will be released on 28th June. If the results were bumper, would expect the board to publish these even earlier than this - why not? as this is news everyone is waiting for and the compnay can finally be rid of the past CFO who couldnt count issues. The trading update is released, no real SP change, then a week or so later, the framework award is released and wahey the SP rises a little bit and all the MM's and analysts say this is a great stock and has a good upside/upturn, to draw in new PI's and etc alike. Expecting an ok/goodish end of year accounts and numbers, but expecting more work to do. The FCA investigation will rumble on for a while yet, looking at the FCA and FRC news and reports of previous investigations, these things can take 2-4 years, so not expecting anything more than the usual holding pattern updates from both the FCA and FRC.. all that aside, there is still opportunity here, for the right price. MrBBD.
Good point:) The level off immediate upside noted is also exactly what I would expect once investigation completed, which must be imminent
I base that on nothing other than I'm selling today and usually after I sell the price rockets by 20/30% Happy though with profit I've made in here. Good luck to all LTH
Nudge up before news? The way of the world it seems!
Mr Basse, Seems patience is paying off. A nice rise last week. Another RNS and we'll be there IMO.
Looks like moderately good news in the short run. 1-2 million additional income predicted for this year. So now we need a good NHS data leak disaster scandal to see the new business flooding in.