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I have heard that the results have been delayed and will not be this week. Anyone have any confirmation on this? Dan from Shares Mag tweeted me this info. Paul
I had confirmation the results could be posted on Friday 13th on twitter: Daniel Coatsworth‏@SharesMagDan·37m @SharesMag Hi - yes, they are reporting on Friday 13 June. Insert your own joke regarding Thriller or Horror Show
interesting reading for sure
Not long to wait now for what should be some very positive reading for us longs, will we see an increase in the divi I wonder ? Very happy to be holding REDT for the coming years
You'll see on the SYQ bb that I'm off. I just wanted to give you this personal message to say thank you for all your help, and to let you know that I think you're cracking company - very knowledgable, very experienced, very helpful / kind, and always up for a laugh! I really appreciate the latter btw. You may not have guessed it from my posts but I love a laugh ...maybe I took this investment guff too seriously! (apologies) You still owe me lunch in the South of France - I'm gonna hold you to that haha! Take care you wonderful gent. Very best regards, Dan
Well the operating profit margin is 14.65% from the HY report and that is consistent with REDT's performance over the last few years. The gross profit margin shown in the HY report was ~75%, which is slightly down year on year but I put that down to a higher cost of sales. I think comes from the Business Support unit... "Profit from the segment has fallen back slightly as there has been further investment in people and marketing but this should show benefits in the medium term and should help to ensure that our service remains the leading offering in the market." ...so all in all I reckon it's fair to conclude REDT have a good competitive advantage, which means that this will make a superb long term investment. Jolly - I think I'm finally ready to buy in. I just need to time my entry...albeit preferably before the results are released 10th June lol
perhaps you are right..the difficulty is valuing the equity...if on historic cost basis, you are right...if you mark to market it become the inverse of my favorite EV/EBIT ...for assessing moat like qualities, you version makes more sense...and I would look at gross and operating margins over time as well
Jolly, I’ve started looking at ROCE quite a bit lately because it indicates that the business is ‘capital light’ / lightweight, that the company has a competitive advantage, or “moat” of some kind. All good things of course. So I decided to look at REDT’s and, to my surprise, one is not stated on LSE. So I’ve decided to work it out myself (always dangerous lol) ROCE = Operating Profit / Capital Employed. The latter consists of share capital + retained earnings + long term borrowings. Therefore REDT’s ROCE for 2013 FY = 0.94 / (0.49 + 2.32 + 0.39) = 29.38% This is very good and suggests REDT has a competitive advantage over its peers, which is superb news for those us looking for a long term hold here. But, before I get too excited, have I worked out the ROCE correctly or was there a good reason one isn’t stated on LSE? Best, Dan
Libero, I am looking for long term investment...not a quick turn around. So I would expect to be in for a few years unless the situation indicates a sell. I like the mix of small cap with a decent, growing dividend and I am hoping for some SP increase as a nice bonus. There seems to be a good chance of good news in the results as there is new income in there that could be better than expected (IMO). I do have a tendency to be positive but I dont have a crystal ball :-)
Ironfish, Out of interest what are you targetting and in what time frame? you sound v bullish :)
Cheers Dan, hopefully they will be as good I expect
Welcome mate, It's nice to hear from you. Red24's FY results are out on 10th or 11th June so it's v soon :) Good luck to you Dan
Hi, I am new to ISE as a relavtively new investor. Could anybody confirm when the end of year results are posted please? I note that the last few years they have been released around the second week of June. I am holding shares RED24 and would like to see some action around the result.
will do
similar...played a little at spikes... ...but one of my largest core holdings... ...at these low multiples... with decent, disciplined and aligned management... in ok niche/growth market, it seems...why would you not want serious exposure?
Got another share I'd love your opinnion on: SFE If you get a chance to look at it, let me know your thoughts please :)
I reckon REDT will definately get there over the next 24 months but as a short term target...?
Held since Feb. 13 buying just above 12p, added since then and feel very comfortable with my investment :-) 30p will be nice when it comes but I'm in no hurry :-)
let's smash 20p...shd be closer to 30p lol
A close at 20p or above would be nice :-)
too Jolly complex..gl
I totally agree so I intend to invest a small sum here (all I can afford right now) very shortly. O/T - have you ever looked at LGEN? I know they're in the life insurance sector but I've done my research and the annuity changes announced in this year's budget shouldn't affect them much at all and their EV/EBIT is below 1
the ceiling is surely vulnerable given results on their way & this looks a compelling value proposition
only excludes working capital...because the working capital is free or tied up and creates the EBIT without ref to wider capital structure
I did not realise the EV didn't take into account the liabilities - I thought that was one of the best things about it, it was why I was such a fan because it took into the liabilities & cash. In which case which FA tools / ratios should I use? And, out of interest, do you care much about ROCE etc? In all honesty I didn't get much of what you said about what accounts for non & actual working capital etc, and I obviously need to read p on mezzanine finance sometime too. re: REDT - I agree. Shouldn't take long now before it's 20p and above. Hope you're having a good weekend :) Dan