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Should start getting more interesting around here, as it's hit the rising support. All the best.
Looking over- sold on my chart. Slow stochastic of 20 on the daily, normally bounces from here, not-with-standing short term stop-loss triggering mm action! I guess we'll have to wait a little for divergence of the Moving Average (short term to cross long term) before the market wakes up to this excellent buying opportunity. Good luck all.
Redstoneconnect Plc Ord Shs 0.1p (LON:REDS) had its stock rating indicated as ‘Buy’ in a report released by analysts at Cantor Fitzgerald. Cantor Fitzgerald today set a target price of 3 on the company’s stock. According to the analyst this now indicates there is a potential increase of 91.57% from Redstoneconnect Plc Ord Shs 0.1p’s current price of 1.57. (in the interest of fairness I should mention that they are joint house broker!)
Initiated coverage... target 3p Should help!
Bid slowly improving here.... just a hunch!
..well personally, I think the results are good. Sure no massive contracts announced, and revenue somewhat flat, BUT, recurring revenue and increased margin are areas that they are concentrating on, and clearly heading in the right direction. These results should underpin the progress the management have made thus far, and the future is looking very positive. Happy for this to be a steady boring stock in my portfolio, that doesn't excite, but slowly adds value. The business is now performing as it should, and can look for more dynamic opportunities moving forward. Well done to all the team that have achieved this, when a year ago it was looking very different!
Mcap 26m; revenue of 40m plus = PSR of 0.65. (smaller ratio/ less than 1 = good value) Now REDS is making a good margin and profit, this looks undervalued to me. 800K profit was above my expectations, and shows a huge turnaround from the last reported figures! This to my eyes is very much going in the right direction.....
Hoping for revenue around 25-35M, H1, and a tangible profit after tax of say 500k (would like to see a lot more!)?? Any other opinions out there?? These figures are the first to show a clear set of results without disruption from discontinued operations/ integration costs (albeit they were classed as 'one-off') For me, however it's all about margin improvement.
There has been a seller standing on the bid these last few days, stopping any further advance above 1.75. Two camps, one exiting before results and one joining the party. It remains to be seen who will be waving the white flag on Tuesday, but clearly some nervousness ahead of the big reveal... It always amazes me how 'the market' often judges the value of a stock about right before results, so I will be expecting some early morning gyrations on Tuesday, but no great shock either way. Some solid earnings and hopefully some positive forward guidance. Another year like this one just gone and the share price will be around 2.70, with no spikes and no drama, and no boom and bust.
'Great minds' and all that..... and there's the trade at 16.40pm. 2million @1.74. Average 2million shares bought each of these last 4 days. II stake building prior to results a very good sign IMHO. Break-out next week on the cards.
If 62p goes, she's away!!
Anybody else noticed the bid rising today, despite the sells... looks like a background buyer to me. Also the offer has held up well. I would be surprised if a large buy didn't appear today/ next few days. Happy Friday!
Good luck with your investments elsewhere. I conversely have felt particularly positive about REDS' market sector lately and the new management, who appear much more focussed and switched on, so have been adding. The recent consolidation back to the 1.65-1.75 range has been on low volume, the larger buys these last few days I hope is a sign that ii interest is returning.
2 million shares bought today at 1.80p. Think things are looking up!
I guess it's only natural that some profit taking occurs before these next results, after all, a certain amount of 'expectation' has been built in.The share price has risen in a year from .65p to where we are now at around 1.65p. I would be quite content with this kind of return over the next few years!
Good to see a healthy single transaction of 1m shares bought above 1.80p should help to underpin this current move north. Next stop 2p??
Bought too soon! Interesting trades and volume this last week.
I've added a few more just now.., very limited downside, sky's the limit! Also confirmation of hammer chart signal (if you follow these signals)
Good to see the large late trade at 1.83 (£30k) confirming the positive trend from the bullish hammer yesterday. I'd be surprised if we don't challenge 2p again in the near future. ATB.
It is clearly written in the London stock exchange aim rules that a company director cannot buy during a 'closed period.' The closed period is 2 months prior to the results with a business that published figures twice a year. I was under the impression that REDS releases figures for the period to the end of Jan in May, and for the period to the end of July, in October. If they released quarterly, then the closed period is one month. I admit to being confused by this purchase, as it appears to me to break Aim rules, unless figures are released more frequently??