Redcentric (RCN)

Sector:

IT Services

Index:

FTSE AIM 100

121.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 152.00p
  • 52 Week Low: 110.00p
  • Currency: UK Pounds
  • Shares Issued: 158.56m
  • Volume: 20,999
  • Market Cap: £191.86m
  • Beta: 0.10

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Redcentric first-half trading in line, net debt reduced

By Michele Maatouk

Date: Wednesday 09 Oct 2019

LONDON (ShareCast) - (Sharecast News) - IT managed services provider Redcentric said on Wednesday that trading in the first half has been in line with its expectations.
In an brief update for the six months to 30 September, the company said it remains focussed on new and existing customers in both the public and private sectors.

Net debt as at 30 September fell to £16.5m from £17.6m at the end of March 2019 and £22.6m at 30 September 2018, despite dividend payments of £1.5m and an acceleration of network and infrastructure capital expenditure in the period.

In addition, Redcentric has also begun a share buyback programme, as announced earlier this month.

Results for the half are due on 28 November.

At 0915 BST, the shares were down 1.2% at 85.00p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Redcentric Market Data

Currency UK Pounds
Share Price 121.00p
Change Today 4.00p
% Change 3.42 %
52 Week High 152.00p
52 Week Low 110.00p
Volume 20,999
Shares Issued 158.56m
Market Cap £191.86m
Beta 0.10

Redcentric Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.68% below the market average40.68% below the market average40.68% below the market average40.68% below the market average40.68% below the market average
10% below the sector average10% below the sector average10% below the sector average10% below the sector average10% below the sector average
Price Trend
19.76% above the market average19.76% above the market average19.76% above the market average19.76% above the market average19.76% above the market average
24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average24.14% above the sector average
Income
16.53% below the market average16.53% below the market average16.53% below the market average16.53% below the market average16.53% below the market average
18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average
Growth
18.48% below the market average18.48% below the market average18.48% below the market average18.48% below the market average18.48% below the market average
27.5% below the sector average27.5% below the sector average27.5% below the sector average27.5% below the sector average27.5% below the sector average

Redcentric Dividends

  Latest Previous
  Interim Final
Ex-Div 13-Mar-25 12-Dec-24
Paid 25-Apr-25 24-Jan-25
Amount 1.20p 2.40p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 16 @ 121.00p
16:35 16 @ 121.00p
16:09 1,661 @ 120.00p
16:05 289 @ 117.00p
14:22 244 @ 118.26p

Redcentric Key Personnel

CEO Peter Brotherton
CFO David Senior

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