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Pin to quick picksRedcentric Share News (RCN)

Share Price Information for Redcentric (RCN)

London Stock Exchange
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Share Price: 136.00
Bid: 138.00
Ask: 146.00
Change: -3.75 (-2.57%)
Spread: 8.00 (5.797%)
Open: 140.00
High: 140.00
Low: 136.00
Prev. Close: 145.75
RCN Live PriceLast checked at -

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Sunday share tips: UK banks, MXC Capital

Sun, 10th May 2015 16:02

Investors who piled into bank shares after the election results became known may have jumped the gun. True, the risk of a less disciplined approach to economic management by Labour has been eliminated. Continued economic recovery should loan losses continue to fall. Likewise, the risk of a costly experiment in turnin RBS into a regional bank has also been tossed out the window. The Tories's beloved challenger banks also stand to benefit now that Miliband's mansion tax plans are off the table and the sale (not public) of the state's sale of its Lloyds stake can resume.Yet banks continue to be a favourite target for political bashing and there is still the investigation into the current account and business banking markets to contend with. Furthermore, with a referendum on Britain's continued membership of the European Union firmly on the agend companies may postpone investing in the UK, which will impact on lenders. Just on the basis of heightened regulation HSBC had already begun to review its UK domicile. "So, while little has changed for UK lenders, the EU elephant could easily crush today's bank bulls," writes the Financial Times's Lex column.MXC Capital has exciting long-term growth potential. The company is a turn-around specialist in the technology space. A key consultant is Martin Bolland, who also heads the board of FTSE 100 outsourcing group Capita. The AIM-listed outfit's chief is Marc Young, ex-head of technology at broker finnCap. The company recently listed and raised £12m of fresh capital to deploy. MXC has already had various successes and is likely to announce a new AIM investment in the coming weeks. Bolland and Young are also hoping to bring four private firms to the market this year. In the IT space it is currently invested in Redcentric, Castleton Technology and Pinnacle Technology. "The stock is not for the nervous. But at 3.075p, the shares should go far," writes the Mail on Sunday's Midas column. Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only and not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
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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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16 Jun 2016 06:58

Redcentric Profit Lower On Acquisition Costs, But Confident On Future

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9 Jun 2016 15:04

UK Earnings, Trading Statements Calendar - Next 7 Days

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31 Mar 2016 08:55

Redcentric Earnings And Revenue In Line As Sales Momentum Continues

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10 Feb 2016 16:03

Dividends Calendar - Week Ahead

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29 Jan 2016 15:48

Redcentric agrees to buy City Lifeline

(ShareCast News) - UK IT services provider Redcentric has agreed to buy City Lifeline for £4.8m, the company announced on Friday. Redcentric said it will pay for the London operator of data-centres in cash upon completion, subject to adjustment for cash, debt and normal working capital. In the year

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29 Jan 2016 08:34

Redcentric Buys Data Centre Provider City Lifeline For GBP4.8 Million

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