The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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BSA - Thanks for the info. Hopefully no more scandals now. They probably have one of the cleanest set of book on the AIM at the moment..! Another good set of solid results is needed, as smashing targets in the wider context of Brexit, the UK, and general trading conditions will be a bit harder. Hopefully the alledged auction of Daisy next year, will drive some business as well, as customer look for better providers.
Some useful info about HSCN. "HSCN will provide a reliable, efficient and flexible way for health and social care organisations to access and exchange electronic information. .....health and social care organisations will need to obtain HSCN compliant connectivity to support their business operations....." Source: https://digital.nhs.uk/health-social-care-network/suppliers
Mr BBD, I agree, the market does not understand the significance of this news. To some extent RCN now has a captive market because healthcare providers are more or less mandated to use the new network. I.e. a case of not if, but when customers will decide to sign up. Maybe (if / when) another data scandal story emerges I suspect we'll see plenty more contract news.
This SP is under-rated IMHO. This news article is a big deal. Healthcare is one of the biggest employers in the UK and all these people and organisations need access. Redcentric is running this network and has just connected its first customer to the next generation network, before the likes of BT, Virgin and others... Definitely MM's, the LSE or something at play, as 12x months on, the SP is not reflecting the positive steps forward. Either way very good news indeed, and im expecting more good news.
Just the sort of news we need from RCN. Looking forward to similar reports in the new year. http ://www.redcentricplc.com/news-events/news/2017/december/redcentric-delivers-live-services-to-launch-hscn-era/
Spreads back to a more normal level this morning. I am hoping the SP settles into a n increasing trend to reflect the improvement made in the last year.
Why is the margin between buy and sell around 5% today? Are the MMs expecting a rally after the misguided sell out? Frustrated because I can't buy at a good price today.
Sorry guys but I was hoping for better figures. Yes, it has stabilised and debt is reduced nicely, but unfortunately no growth and no announcements of new business. In my opinion there is better short term value elsewhere in the market rather than wait for another 6 months, or hope for further announcements. Good luck to you all.
max19 - Agreed, a comprehensive statement this morning. As far as I can tell a few more customer deals should add directly to the bottom line here.....and there is a promising hint about reinstatement of the divi. GLA.
Very encouraging...things are moving along nicely,and a year now after the Accounting fiasco it truly seems to be put to bed...as such I am expecting sustain and continuation of the price recovery into next year/s. GLA.
1.5m shares bought yesterday, from what I can see on the L1 information. This may change of course. The transactions were 3x in the morning and 3x afternoon, each for 250,000 shares. Perhaps the trades were split to make them easier to fulfill.. 250,000 @ 83.25 Time; 11:14, 11:47, 11:47 �208.13K each trade 250,000 @ 85.25 Time; 14:35, 14:35, 14:41 �213.13k each trade
Yes,and about time....hanging around the 80p is finally broken,and should be moving back to 3 digit SP after the damage caused by the accounting fiasco is finally put to rest.....
I believe that a trading update is due next week. There was also a big share transaction yesterday so another RNS in a few days I expect.
Back to 90p tomorrow?
Questin of time:) "Redcentric PLC using EPIC/TICKER code (LON:RCN) has had its stock rating noted as �Reiterates� with the recommendation being set at �CORPORATE� this morning by analysts at finnCap. Redcentric PLC are listed in the Technology sector within AIM. finnCap have set a target price of 117 GBX on its stock. This indicates the analyst now believes there is a potential upside of 46.3% from the opening price of 80 GBX. Over the last 30 and 90 trading days the company share price has decreased 1 points and increased 2.5 points respectively. The 52 week high for the share price is currently at 178 GBX while the 52 week low is 40 GBX."
Good news with a new CEO,and T/U . In line with expectations,and what I like most is reduced debt rate above what expected as a result of increase cash flow.looks good for recovery.
Looks like these guys are still making very good progress, in front of some major organisations. https://digital.nhs.uk/health-social-care-network/suppliers The first to reach stage2 compliance.
Yup thanks for the update Bsa, appreciated. Nice small tick up today lets hope it continues for the rest of the week, price still way below where it should be!....
Yes thanks for the update. Looks like they focus on the business while the investigation is still on going,all seems to settle and back to normal business ...as such should be reflected on the SP with sustain recovery.
BSA - Thanks for the update and info. All sounds interesting and promising which is good news.
An interesting and well managed AGM this morning. No new news for me, i.e. Just a restatement of what we already know from the history on this board. The main theme was to put the past behind them and get on with winning new business. Operationally, staff turnover is not an issue (good), network and hosting capacity is sufficient for existing business and significant amounts exist for onboarding of new business (excellent) and the finance team refresh has been completed with 9 new staff with appropriate qualifications (so no more surprises). All now seems set for going forward and winning new business, so as far as I am concerned, my confidence has been restored in this team.
In line with expectation...YET, will have to wait for bit more details after 10;00 this morning....hopefully no nasty news.
Another little Director Deal has just popped up. the CFO has decided to join the party. Surely a show of confidence? The Chairman of the board bought yesterday as well. Taking positions before the AGM.
And yes fully agree this is still a bargain.
The SP increasing to circa 80p after he bought more,then dropping back to middle 70s so he can have another go....lets see what happens this time round....