Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
A very nice bid indeed but I dont think it will be the last. Some may be tempted to sell their shares immediately and so realise their profits especially with the current price being just 12p less than the 330p bid price. However with the results due on Tuesday, (which I expect to be very good) there is every possibility that further bids for Shawcross will be made, perhaps from some of the big UK banks. This may will push the offer price per share to over the 400p mark, therefore I will certainly be waiting rather than cashing in early.
A very strong performance today in spite of oat shares having a bad day. No doubt healthy results to match those of Aldermore are expected on Tuesday.
766k sold / 5.2m Bought (most of which only appeared after hours). This may bring some SP movement tomorrow.
Congratulations on your new title, So pleased to hear that the baby has arrived safely.
The SP has now remained above above the 950p level for 2 weeks and looks like it is now ready to test the 1000p level.
Toshack Indeed after what we endured with the old COMS, we are naturally all much for cautious and this is reflected in the types of posts that we are now seeing from those invested here. I'm sure that we all have some concerns which is natural given our history. However MB has so far done a remarkable job to rescue what was a sinking ship, dispose of the loss making parts of the business and to set the company in a new direction. His acquisition of Commensus appears to have been a wise one and it has been quickly integrated and is now complementing REDS offerings. In his first year as CEO, MB has conducted himself very professionally, This together with his track record of turning around a failing business, his success in winning contracts from major blue chip companies and his moderate and realistic approach can give us hope for the future. It's true that the Market will decide when it feels that this Company has finally turned the corner and if the positive news continues, then it should be a case of when not if.
It is well worth again reading the Company's last Business Update at: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=REDS&ArticleCode=vd7j5bz3&ArticleHeadline=Business_Update Which finished with the following comment from our CEO Mark Braund: "We are delighted to report excellent progress across the Group with significant momentum continuing in the second half. We have secured a number of new business mandates within our infrastructure and managed IT services division and continue to deliver high quality contracts through our software solutions for smart buildings. The Board is confident that this will, in time, transform the future earnings potential of the Company. "We now have a well-structured and cost efficient operational base and a substantial new business pipeline. The board therefore looks forward to the future with great confidence." Hopefully our patience will be rewarded and the SP will soon reflect the progress that is being made.
Previous Post sent prior to completion of last paragraph. This one is complete. Amazon is more likely to be described as "One of the World's Leading Online Retailers, rather than", "A leading global technology company specialising in internet-related services" and "One of the leading and best known technology businesses in the world". These are references contained in the RNS. The quotes in the RNS are consistent with REDS completing the IBC in the current Google building in March and then completing the installation of IBC in the new Google HQ Building during the rest of 2017 and 2018. Work on the site of the new Google building is now underway with the removal of the Pop Up Theatre which had occupied the location. I do not believe there is any other Company that can be described as "One of the leading and best known technology businesses in the world" that in the next 2 years has plans for building a new HQ in London. Installation of IBC whilst the new Google building goes up over the next 2 years is consistent with the timings contained within the RNS. Therefore I have no doubt the Contract to install the IBC is with Google.
Amazon is more likely to be described as "One of the World's Leading Online Retailers, rather than", "A leading global technology company specialising in internet-related services" and "One of the leading and best known technology businesses in the world", which were the references in the RNS. These quotes in the RNS are consistent with REDS completing the IBC in the current Google building in March and then completing the installation of IBC in the new Google HQ Building during the rest of 2017 and 2018. Work on the site of the new Google building is now underway with the removal of the Pop Up Theatre which had occupied the location. I do not believe there is any other Company that can be described as "One of the leading and best known technology businesses in the world" that in the next 2 years has plans for build a new HQ in London. Installation of IBC whilst the building goes up over the next 2 years Therefore I have no doubt the Contract to install the IBC is with Google.
The appointment of Dylan Minto as the new CFO certainly perked this up today and hopefully will lead to further gains.
Yes, doesn't make any sense. 777k sold and 6.1m bought???
It would appear that FIPP's presentation at the Growth and Innovation Forum on 31st January was well received as it has been followed by a nice rise in the SP.
The temporary King's Cross Theatres that have been operating on the Google site have now ended their performances. https://www.thestage.co.uk/news/2016/pop-up-kings-cross-theatre-to-be-taken-down-in-2017/ It will not be long before the theatre complex has been dismantled and building work begins.
...... before the RNS: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=REDS&ArticleCode=ffzpvwet&ArticleHeadline=Presenting_at_Growth__Innovation_Forum Anyone going to this event next Tuesday?
This must be the lull before the..............
Apologies for calling you Kirkpatrick. Just realised that's what an iPhone's autocorrect changes Kitkat to. Lol. It also early morning on the train into work!!
That's true, amazing how 24 hrs can fly by when you are busy. Maybe we'll get another one today anyway :) Perhaps I should change that to 2 very big end of days buys in 3 days.
What I suggested yesterday has happened with another big buy at the end of the day. I now have no doubt that this is combined buys by a broker on behalf of clients with advisory accounts. There will probably be another one at end of play tomorrow. This usually continues for 3 sometime 4 day in a row.
Mark tweeting the following last night: How Smart Buildings can boost your office space efficiency by 40% Behind Smart Buildings technology lies significant tangible value. For most organisations, the two largest investments are in people and premises; and property costs in London and other sought-after city locations have continuously increased. Despite this, as recent studies show, the average utilisation of office space in cities like London remains very low at just c.50%; as we transition to modern working practices with increasing mobility many of our offices and certainly many of the desks are half empty. How many empty desks have you seen today? Seems like a waste of space doesn’t it? As costs of quality premises spiral, businesses are paying more than ever for spaces they aren’t using efficiently. Often decisions about property leases are based on limited data, meaning that a critical part of an organisation’s long-term strategy rests on little more than old information mixed with a small dose of intuition. This is where Smart Buildings come into play. New standards are being set for designing, building and managing real estate, driven by innovative technology that helps businesses understand utilisation with real-time data enabling more informed decisions about their office space and requirements. …and the revelation is simply this: You have more room than you realise, and need less room than you think. For example, businesses like the global media events firm UBM have evolved their use of the smart workplace, increasing the productive use (or utilisation) by c.40%, i.e. the same or more people are using less office space and resources, resulting in significant savings. And although we’ve focused on cost here, that’s just the start in terms of benefits to a business of smart office spaces. As employees demand more flexible working arrangements and become more entrepreneurial by nature, organisations are having to redefine the relationship between their employees and their property. Understanding the behaviour of your workforce and using this data to make informed decisions can result in a happier, more engaged and more productive workforce. By providing valuable data and insights that can inform and improve the workspace, smart buildings allow employees to get the most out of their environment, and in turn help businesses become more competitive. Read more about this aspect of Smart Buildings here: http://bit.ly/2iYtEou
The 3,061,098 buy at 16.40 hours is likely to be by a Broker performing an advisory account for clients. I've seen this on a number of occasions. Also the fact that it is not a round figure tends to support this. If this is a Broker acting on behalf of such clients then we can expect to see another large random number buy after hours again tomorrow. And if we are getting a number of new first time investors in REDS then we may also see some new posters on this thread. Therefore lets keep focussed on the really good things that are happening here.