Member Info for StephenFryUp

Has tweeted that stockopedia will be doing an article later.

Too, breaking nicely from 8p and seems hugely undervalued !

Certainly some nice interest here, even if no one posting. Was a quiet board last time

Superb mate.. Another great call.

After speaking with AR... Firstly have to say what an approachable guy he is, which for me is very important when investing that the main man takes time to speak with his shareholders... Also obviously no price sensitive information was discussed, it was a general chat on his visions from here.. I wont copy and paste the email, so please don't ask.. It seems that the company have some very interesting technology and have probably spent £20-£25 million pounds in developing it over the past decade.. When the new bod looked at this, they believe this has value.. Moving forward, the companies cash burn is about £250k per annum, and the starting cash balance will be about £1.5 million.. Assuming then with the new fund raise, and if the open offer is taken in full, then the market value including cash is about £2.6m In relation to cash burn going forward, Vialogy will own all of the patents to the technology, and own 75% of the trading entity.. The balance will be left with Mr Gulati, and the key is he and his operators pay all of the operating overheads.. The aim of the new bod is they believe that the existing business has a value, but they want to build an operating business in to the PLC so we then have revenue and a bottom line.. The new bod have put their money where their mouths are, and on that basis, and my points above I believe this to be a great turn around stock, and am looking forward to the ride, which Adam said he hopes to make exciting.. To summarise, a cash shell, with plenty of money to back the mcap, interesting tech already in place, and a new bod with a great track record of turning around aim stock.. Just my take on things..

Nice mate.. 100 code there too

Today 12:20StephenFryUpTransformational Year..0.67No Opinion Castleton Tech seeking 'new opportunities' after transformational year Castleton Technology, the AIM-listed software and consultancy firm formerly known as Redstone, said it is now set to seek 'new opportunities' in the technology sector after a transformational first half for the company. During the six months to September 30th, the firm demerged from its network-based managed services businesses and disposed of its ICT infrastructure, data centre and smart buildings solutions division, Comunica Holdings. Comunica was sold to Coms for £9.5m in November, at which points Redstone was renamed Castleton. The company generated £1.2m of revenue from continuing operations during the period and adjusted operating profits of £0.4m. These include results from the continuing software support and consultancy business only. The pre-tax loss from continuing operations narrowed to £0.4m, from £0.9m the year before. Discontinued operations generated £12.9m of revenue during the half, compared with £28m the year before. Meanwhile, the company booked a pre-tax loss from discontinued operations of £3.1m, compared with a profit of £1.1m previously, due to a £3.4m impairment charge in respect of goodwill arising from the disposal. Chairman David Payne said: "The disposal of Comunica presents a good opportunity for the company, led by an experienced management team, to seek opportunities to maximize the value of the remaining trading businesses in order to generate higher returns for investors, which may include strategic acquisitions within the technology sector. The net cash position will be invested for these purposes. "The board, and in particular Ian Smith and Tony Weaver (Chief Executive and Non-executive director respectively), has a proven track record of investment in this sector," he said. Today 12:15StephenFryUpIan Smith track record.0.67No Opinion Mr. Ian Smith has been the Chief Executive Officer of Redstone plc since April 8, 2013. Mr. Smith is a Founding Partner of MXC Capital Limited and MXC Capital Advisory LLP. He served as the Chief Executive Officer of Xploite Plc. He was responsible for the buy, build and sell strategy that saw 26 corporate transactions including 2 substantial disposals and the creation and return of c 20m of cash. Mr. Smith is a highly experienced IT and communications industry developer of new business. He held senior sales positions with Dataworkforce, Cisco Systems, Foundry Networks and Cable & Wireless. He has been Executive Chairman of the Board of 2 ergo Group plc since July 2013. Mr. Smith serves as an Executive Chairman of Redcentric Managed Solutions Limited and 2ergo Ltd. He served as an Executive Chairman of Redstone plc from September 2010 to September 29, 2011. He has been an Executive Director of Redstone plc since April 8, 2013. Mr. Smith served as a Non Executive Director of Redstone

Yep, am watching with interest too

Ah sorry hadn't noticed that.. Might be a delayed buy or buys to come ?

never come across that one mate.. Probably just a small top up ?

All. Still holding, and very confident for 2014 here.

Nice one guys :-)

Have a peak at AFRI mate.. Cant buy, so something about to happen imo..

at last.......

Cheers.. Have a good one, and hope to catch u in the new year..

Yeah, cheers to KN for pointing it out !! :-)

Cant be many if they did a placing to satisfy demand

Auction

now

Not sure, even better then as when investigate comes up everyone will see this !!