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Redcentric

May 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:
  • 189p
Since our last update Redcentric has bought the established City Lifeline data centre in London for £4.8m. This complements its Harrogate, Reading and Cambridge data centres. Separately, Redcentric also said that trading has otherwise remained strong and results are due on 16 June (Finncap forecasts £19.7m pretax profit and eps of 10.4p). This year’s forecast is £22.8m/12p for a PE of 15.8. Strong hold. ...

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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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