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Pin to quick picksRedcentric Share News (RCN)

Share Price Information for Redcentric (RCN)

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Share Price: 142.00
Bid: 142.00
Ask: 145.00
Change: -3.25 (-2.24%)
Spread: 3.00 (2.113%)
Open: 146.00
High: 146.00
Low: 142.00
Prev. Close: 145.25
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Redcentric upbeat as it announces maiden dividend

Mon, 16th Jun 2014 07:38

- Revenue and profit ahead of management expectations- Maiden dividend of 1.0p per share- Management confident about outlookAIM-listed IT managed services provider Redcentric reported full-year revenue and profit ahead of management expectations and said it remains confident about its outlook.The group report adjusted earnings before interest earnings before interest, taxes, depreciation, and amortisation (EBITDA) of £10.5m, representing an EBITDA margin of 18%. Statutory profit for the period was £1.8m. It also posted revenue of £58.3m and announced its maiden dividend payment.Redcentric also announced a string of contract wins, including one recently with the NHS worth around £5m. Over £10m of new contract wins have been announced since the year-end.Chief Executive Tony Weaver said: "We have created a focused business of significant scale, and with the flexibility and expertise to respond to our customers and work with them closely to help deliver their objectives. "Redcentric has the momentum, ambition and financial strength to expand its capabilities. The board and management team have every confidence that we will be able to grow the company and deliver increasing shareholder value in the future."A maiden dividend of 1p per share has been recommended for the year ending March 31st 2014.CJ
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4 Oct 2018 08:56

Redcentric cuts through net debt in first half of trading

(Sharecast News) - British IT services provider Redcentric told investors on Thursday that trading had been in line with expectations throughout the first half of its trading year.

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21 Jun 2018 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 22 June Prime PeopleFull Year ResultsEdinburgh Worldwide Investment TrustHalf Year

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8 Jun 2018 15:30

Redcentric Lowers Earnings Expectations For 2019 Financial Year

LONDON (Alliance News) - Information technology services provider Redcentric said Friday it expects higher earnings for its recently ended financial year, however, it has reduced its expectations

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30 Jan 2017 08:00

Redcentric wins NHS Digital's peering exchange contract

(ShareCast News) - Redcentric, the IT managed services provider, has won a three-year contract with the NHS Digital's Health and Social Care Network, which it said was "one of its most significant public sector wins to date". The contract, which carries the option to extend for a further three ye

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16 Jan 2017 12:41

Unicorn AIM Net Asset Value Stable In Final Quarter Of 2016

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3 Jan 2017 14:59

DIRECTOR DEALINGS: Wife Of Redcentric CEO Buys Shares

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23 Dec 2016 08:29

Redcentric Swings To Profit As It Makes Progress On Accounting Issue

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23 Nov 2016 09:03

Redcentric appoints Peter Brotherton CFO

(ShareCast News) - Redcentric, an IT managed services provider, has appointed Peter Brotherton as chief financial officer, company secretary and a director, effective from 28 November. Brotherton, who has over 25 years experience in finance, was previously CFO of Gametech and at PKR Group, an energy

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15 Nov 2016 09:47

Redcentric Hires Deloitte And Nabarro To Lead Forensic Review

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7 Nov 2016 17:07

LONDON MARKET CLOSE: Stocks Up As FBI Clearance Gives Edge To Clinton

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7 Nov 2016 09:41

Redcentric parts company with CFO after accounts misstated

(ShareCast News) - IT managed services provider Redcentric has parted company with its finance director and is calculating its banking covenants after its accounts were found to have been misstated. The company said it would probably have to reduce current net assets by £10m and write down some hist

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29 Sep 2016 11:34

Redcentric appoints new COO, says on track to meet FY expectations

(ShareCast News) - AIM-listed IT managed services provider Redcentric announced the appointment of Mo Siddiqi as chief operating officer and expressed confidence that it will deliver results in line with its expectations for the year. Siddiqi joins the group from IT infrastructure services provider

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19 Jul 2016 15:17

UK Shareholder Meetings Calendar - Next 7 Days

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24 Jun 2016 06:46

MXC Capital Sells Shares In Redcentric To Raise GBP10.4 Million (ALLISS)

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16 Jun 2016 10:01

Redcentric's full year revenues rise by 16%

(ShareCast News) - Full year revenue rose at Redcentric, an IT service provider, boosted by organic growth and two acquisitions. Revenue increased 16% to £109.5m in the year to 31 March 2016, representing 8% organic growth. Recurring revenue grew 17% to £90.2m including 11% organic growth. Recurr

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