Member Info for Appiamma

Probably something to do with the IoT Global Congress in London 21st-22nd June

Appears to be some increased interest continuing today with some decent volume and buying pressure. Hopefully yesterday's results have raised our profile somewhat. Probably be more selling into any rise but at least we're getting some much needed attention from the market.

You mean the rumour you started? You asked what they did last time you posted the same thing, even though you were, according to your post history, invested in them. I'm guessing your latest effort will suffer the same fate.

James - if MB can achieve the goals his Outlook statement, and I believe he can - then eventually we will see this reflect in the SP. The only negative I see in these results is the growth figure. However , now that everything else has been addressed and we have some solid performance behind us with tighter cost control and margin generation I hope we focus fully on this area. The statement seems to indicate that this is what they intend to do. GLA Outlook We have made significant operational progress, are profitable, have generated positive operational cash flow, delivered a net cash position at the year end and developed a strong order book and new business pipeline for 2017. The acquisitions made during the year are fully integrated with a period of post-acquisition development also being successfully delivered. The focus now is on scaling the business, growing margins, penetrating the market with our product and service offerings and a continued strategic focus to assess the market for further opportunities to grow both organically and by acquisition. Our restructuring is now complete and provides a stable and robust balance sheet, which the Company has not previously had in place. That, combined with our clear strategic focus leaves us well positioned to accelerate our growth aspirations. The significant improvement in our operational performance is a clear reflection of the passion and quality of our people. On behalf of the Board, I wish to personally thank and acknowledge my colleagues for what they have achieved during 2016 and for their ongoing commitment to RedstoneConnect. Mark Braund Chief Executive Officer 25 April 2017

Extremely happy with that and I hope that now we have set these solid foundations we can move on from the past disasters and grab that new business with renewed confidence. I particularly want to see overall order and revenue growth increasing, and existing business extension over the next year. GLA

Fair? Interesting you see it that way. To me the important and price sensitive information is that we won a significant contract - not who it is with. If the actual existence of the contract win had been announced at an event like this then you would have a very valid point. Clearly the client wants to keep it low key - but I'm telling you that this does not mean that nobody knows about it. The fact that you are not party to this information just means you haven't looked hard enough.In reality it does not matter if it's Google or not - in fact they have a reputation of being pretty poor clients, but hopefully we won't be pushed around. Ultimately the value of the deal, for good or bad, will be reflected in the future figures. One thing we can maybe agree on though is that the company is making progress. It may not be the ramp fest of yore and it may have to demonstrate a degree of patience for this progress to bear fruit for shareholders but there is definitely good reason to be optimistic. ATB

Why would they?

It's not like this information is secret. It will be widely known within the industry, by fellow contractors, supply chain businesses etc etc. They announced the contract because it was significantly large to do so, but it is not unusual for actual names to remain low key and it is not necessary for them to make public announcements on specific clients. Redstone have some very well known and high profile clients in the city and most have never been announced publicly

Hi greybadger - sorry don't pop in here very often - glad you got it sorted - warrants already 4 bagged so they'll be safe enough I reckon. Atb. Apologies for o/t - though there doesn't appear to be any topics to move off from atm

Just for information. Managed to get hold of the our joint brokers' most recent notes from the share event the other day. Both very positive about future growth and bottom line - as you'd expect I guess. Whitman have us at a buy with a target of 2.2p and Cantor have us as a buy with a target 3p. Looking forward to the results to see what further progress we are making - judging by the slow trading so is the market. GLA

When you see the the amount of new commercial, institutional, educational and private accommodation construction going on in my city, London, you can imagine there is a huge market out there for a business like REDS - it is a competitive market but also we don't need it all to make big difference to our turnover. I think we will see a lot of new business from these new developments coming our way. It was interesting to see stadiums mentioned by the company - big project in north London atm - can't bring myself to mention the club =) - but this is the kind of project we will be pitching for, and in the future not just nationally. Lots of new building and upgrading going on to university campuses, huge amounts of office space being built and made more efficient. Need for new high-rise housing is only going to increase. Smart buildings are the future and we are at the cutting edge of this sector. We now have a more complete product and a company in Redstone that has an excellent reputation. I can see there needing to be a bit of M&A in the sector as there are quite a few small operators out there and we must keep our eye on the ball as regards to technology advancements and innovation, but we are in the right place at the right time. Reds will need to grow to fully exploit the potential here as margins are traditionally tight. The big question is whether we now have the right people to take this opportunity forward. IMO they have started pretty well - with measured caution while we were extricating ourselves from the mire created by our previous CEO. I'd like to think we will now have a much higher profile and be moving forward with increasing confidence. Win the business achieve this growth, hit the margins and in time the SP will follow. A very tough task but one I believe we are capable of achieving over the coming years. No price predictions from me though GLA

Yes Great news - but multi-million pound contracts seem not to excite the jaded punter these days. The usual reserved statement from the company but I suspect this is very significant indeed. Possibly for Google as the vague description fits their profile and current office development situation and plans. A good opportunity for contract extension too if so. I'm hopeful that we will get more new contract announcements this year - but we have to get the margins right also. GLA

I'm confident we will see some significant contract wins announced shortly. The only thing that will move this SP is the successful execution of our new business model/plan. When this reflects in organic growth and increasing bottom line profit then we will hopefully shake off our awful legacy and the inane comments will cease. The quiet sensible approach doesn't appear to suit some but I'm content to see how 2017 unfolds building on the steady progress we have made so far. GLA

Figures seem OK but declining on previous year. They did make a profit of about 150k so not adding massive amount to the P&L immediately, but at least adding. However I don't think that's the reason for the acquisition. Primarily we had a gap in our offered solutions that needed filling. Their managed IT services platform seems like an excellent product with global reach. A very good fit for us I think and we should be able to integrate it quickly, give it a wider market exposure, and it will provide further opportunities to cross-sell and grow the business organically imo. Can't see it doing much for the SP immediately but we are still building solid foundations and I believe patience, probably lots of it, will pay dividends in the end. Ultimately we need to be winning more significant contracts at workable margins and have this reflected in increased profitability. We've made a good start and have cut our costs - but it's a competitive business and, despite the claims of a strong order book, we have been pretty quiet on this front and this lack of growth does concern me a little. At least we can see that management are being proactive in trying to offer a more complete and attractive product. GLA

They are a non-listed PLC Accounts all listed here: https://beta.companieshouse.gov.uk/company/06461835

Just a better Nomad and broker altogether. CF Europe are an excellent choice and I'd expect to see a new broker note from them i the near future - maybe after the TU.

I would say it's directly linked to the exit vote. Worry about future investment is hitting the construction sector hard in the markets and it will be perceived to have an impact on our business too. Whether it actually does or not is another matter

I think it's important not just to focus on the individual contract specific to this shopping centre, but also the fact that these places are owned by much larger property companies. So say is was Southampton West Quay - it is owned by Hammerson - who also own places like Brent Cross north London and the Bullring in Birmingham. It is clients like these that we need for organic growth. When you consider that Connect IB are bringing existing clients like GSK, Meyer Bergman and Westfield(another shopping centre I get dragged to frequently) the potential for cross-selling, organic growth and increasing our profile really is quite significant. There is a long way to go and it is a very competitive market, but this is a huge and growing sector and I know for a fact they are becoming increasingly busy. RedstoneConnect are positioning themselves perfectly to take full advantage and I feel evermore confident with my growing investment here. We now have a proper company. I don't even consider this to be the same company it was a year or so ago and nor should anyone else - just reassess and judge it on its future potential not on the flawed fantasy of the past.

Where does it say new? Also, and more to the point, wouldn't they say a largish town in Hampshire if it was Basingstoke - a nice enough place but not especially famous for it's coastline nor a major city. The South Coast is a specific area - it encompasses the southern coastal area of the UK stretching from South Kent to Cornwall. So a major city on the south coast can only possibly be one of a few places.

Bluewater is not on the south coast - I should know I've been dragged there enough times. It's about 60 miles from the south coast. The only decent sized city, well enough to possibly be called major, is the Southampton/Portsmouth urbanised area so maybe here. http://www.west-quay.co.uk