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Redcentric

July 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • RCN
  • Price:
  • 167p
Redcentric’s largest chunk of sales is from connectivity, including LANs and WANs provisioned for customers, which enables them to connect all their various offices together during which time that customer can also choose to migrate all their data from traditional company-owned servers into the cloud. With the world desperate for more storage capacity to power the internet and all the mobile devices connected to it, Redcentric has found itself in a very sweet spot.Latest results were predictably strong given that Redcentric has mostly annuity type income from contracts for three years or more. Overall sales were up 16% (8% organic) to £109.5m with the growth reconciled as £14m of new contract wins, less £4m ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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