Well, that's a good start isn't it? SP down a tad !

But I still think this'll come good.. I'm hoping for confirmation of product launch, good trading statement and good results ! not hoping for much am I ?

Good interims released a week earlier than expected..looks good should have a pos+ impact on the SP (imho)


RED24 PLC


INTERIM RESULTS FOR THE SIX MONTHS TO 30 SEPTEMBER 2008

Red24 plc (red 24 or the Group) is pleased to announce its maiden profits for the half year to 30 September 2008.

Highlights

Revenue increased by 13% to 1.61 million (H1 2007: 1.43 million).

Maiden profit before tax of 199k (H1 2007 loss: 306k).

EPS of 0.39p (H1 2007: loss of 1.03p).

Significant growth in the customer base giving a broader base to revenues.


Simon Richards, Chairman, commented:

We are delighted to report that we have delivered profitability ahead of expectations and that this improvement has fed through to the balance sheet, with a much improved cash position. The extraordinary developments in banking and insurance markets in recent months make this additional strength very timely and should enable us to continue to develop the business utilising our own resources. Shareholders have been very patient and we hope that continued profitability will enable us to reward their patience when the final results for the year are announced.

This rec'd from GrowthCompanyInvestor small cap stock picks today.. nothing new but it's encouraging all the same!

Red24 a speculative bet

Security risk management concern Red24 might contemplate a year-end dividend after turning last years 328,000 interim loss into a first-half pre-tax profit of 198,000.

Berkshire-based and AIM-traded, the company, which distributes its advisory services through HSBC and troubled US insurer AIG, grew turnover by 13 per cent to 1.6 million in the half to September, ending the first half with 380,000 cash, an increase of nearly 70 per cent.

Steered by chairman and key shareholder Simon Richards and director Maldwyn Worsley-Tonks, Red24 has cut out costs from an ill-fated Japanese foray and launched a new service, Travel Tracker, enabling companies to locate employees travelling abroad. The company, whose consulting arm won three new insurance underwriting clients in Lloyds and North America, has been making steady if unspectacular progress in overseas markets, including the USA and Korea, says Richards.

He concedes that capital markets turmoil has had a dramatic effect on AIG, but suggests that Red24 will be able to establish direct relationships with the relevant AIG subsidiaries if their ownership becomes fragmented. Richards says the company hopes to confront the urgent issue of loan stock repayment due next March either with funds from the exercise of warrants if the shares perform or by rescheduling.

If the courts allow the elimination of Red24s deferred shares, the company could pay a final dividend this year. Floated nine years ago at 1.25p, Red24s shares reached 10.5p in 2006 before falling all the way to 1.37p last month. Now 3.25p, they value the company at a mere 1 million and have speculative appeal.

Rec'd this in my in box this morning
Makes for encouraging reading.. results due end of May/beg June

Code: REDT
Sector: Support Services
Price: 2.75p Market Cap 1.2 million
Locations: London, Berkshire and Cape Town Number of Staff: 67



At a time when commentators are suggesting that many tiny Aim companies can no longer justify their listing, it was refreshing to meet with Maldwyn Worsley-Tonks, CEO of red24 Plc. This small security specialist company has a market capitalisation of just 1.2 million but the CEO believes that the cost of the Groups Aim listing is fully justified and he looks forward to retaining the Aim listing as red24 grows over the coming years.



Maldwyns optimism for the future can be justified by the Groups recent performance. He took over as CEO some 18 months ago and in this time has overseen a move to profitability for the first time in 10 years. This unique small business appears to have a lot of potential and is worthy of further investigation.



The Business

red24 provides a range of security services to individuals and companies. All clients receive access to red24s impressive web site offering up to date security information for every country. The package which they provide for each customer will be made up from the following range of services:



Online global intelligence and security advice
Security email updates
Tailored travel briefings
Interactive Adviceline telephone support
Physical response and rescue
Travel tracking
For personal customers the red24 service is usually offered as an additional benefit with a product or service. For example HSBC Premier and Plus bank accounts offer red24 services for account holders. In the past red24 did sell its services direct to consumers but following adverse claims experience this service has been discontinued.



For business customers red24 will offer a bespoke service. For example, one large retail clothing chain, with several buyers who frequently visit remote parts of Pakistan, has purchased a number of red24s services to help safeguard their employees in these regions.



Many of the red24 packages sold include a rescue service whereby arrangements are made for individuals to be transported away from a particular trouble spot. For example, during last Novembers Mumbai attacks red24 had a number of clients trapped in hotels in Mumbai. During the crisis red24s South Africa based crisis response centre was able keep in regular contact with these clients and as soon as conditions permitted were able to arrange for vehicles to collect and transport them away from the trouble spot.



red24 has recently launched a Travel Tracker service, which enables a company to be advised of an employees location when travelling abroad. This service is valued by some organisations who wish to better manage the risk of their combined travel footprint.












clients receive access

to red24s impressive

web site offering up to date security information

for every country

Most of red24s business originates from the UK but some progress is being made with overseas sales. The Groups products have, for example, been well received in South Korea.



In addition to the services mentioned above, red24, through its Arc Training subsidiary, runs Security Management courses. Arc provides a wide range of courses aimed at security managers at home and abroad. In the last financial year training revenue represented 28% of the Groups total revenue.

red24 announced in December 2008 that travel market distributor, AIG Travel Assist, had begun to provide red24 services in North America to a large insurance company. The RNS statement went on to state: It is estimated that the red24 services will be provided to a significant number of users for an initial period of three years. In the current financial year this will add 10% to the gross revenues of the Company.



The financial problems of the AIG Group have been well publicised and these problems raise some concerns about the future of this business for red24. However, in red24s interim results the Group gave some reassurance by stating: It is evident that the current turmoil in capital markets has had a dramatic effect on AIG and it is by no means clear what the final outcome will be. However, our product is valued by a number of AIG operating companies and we anticipate being able to establish a relationship directly with those companies if their ownership becomes fragmented.






Shares

The Group first floated on Aim in 1999 as Perthshire Leisure Plc, to roll out a bar concept. This did not flourish and the units were sold off. The shares were re-admitted to Aim in 2002 following the reverse takeover of ARC Risk Management Ltd. The Group changed its name in 2007 to red24 plc to reflect the growth in sales of its key brand.







After some years of poor performance the share price has stabilised over the last year during which time the share has comfortably outperformed the Aim All Share Index. This improved share price performance in an extremely difficult market reflects the improvements in the Groups results.










red24 at a Glance



+ Recent move to profitability



+ Dividend payments possible soon



+ Considerable potential for growth



+ Recent cost savings initiatives



- Little known small company



- Poor share price performance



- Reliance on key customers




The Numbers

red24s interim results to September 2008, issued in November, showed a welcome return to profitability after 10 years of losses. The Group had been marginally profitable in the second half of the previous year. The table below shows the improving trend.





Year Ending
Revenue
(,000)
Pre tax profit (,000)
Earnings
per share (p)

Year ending

March 2008
2,763
(343)
(0.8)

6 months ending

September 2008
1,608
198
(0.39)






March 2009 (est)
3,004
241
0.53


March 2010 (est)
3,227
367
0.64




Hoodless Brennans forecasts for 2009 and 2010 are shown in purple at the foot of the table. These forecasts were issued in September 2008 prior to the interim results and hence will not be based on the most up to date information. These forecasts imply that red24 at 2.75 pence is trading on a forward p/e of just over 4.



Results for the 2009 year are due to be issued in June and a revised analyst forecast is expected to be released soon after these results. If the results show progress continuing at a similar rate to the first half, then the above forecast will be easily beaten and an upward revision of forecasts for 2010 must be on the cards. The Group has indicated that it will consider dividend payments in future.

Having recently paid off 125,000, red24 has 250,000 of outstanding debt in the form of 12% loan notes with a redemption date of 30 September 2010. 190,000 of these notes are held by Sidebell Ltd, a company controlled by Simon Richards the Executive Chairman of red24. Simon, mainly through Sidebell, is the largest shareholder in red24 with a holding representing 29.27% of the Groups issued share capital.










These forecasts

imply that red24

...is trading on

a forward p/e of

just over 4





Strategy

When Maldwyn Worsley-Tonks took over as CEO some 18 months ago he was quick to reduce costs. In particular, the Group closed their Japanese office and made significant reductions in South Africa.



red24 has also changed its sales strategy to better support deals of all sizes. Previously there had been a strong focus on the larger opportunities similar to the HSBC and AIG arrangements. Whilst red24 are still cultivating these larger opportunities, which tend to take a very long time to complete, they are also pleased to promote the smaller deals. Maldwyn explained to me that the smaller contract wins would not show up in RNS statements as each one only represents a small percentage of turnover, but taken together these deals are important.



I asked Maldwyn about red24s competitors. Surprisingly, he indicated that the Group face little in the way of direct competition as they are unique in the set of services they provide, although, some companies will provide some of the red24 services. Maldwyn went on to explain the red24s business represents a miniscule percentage of the global security market and hence the opportunity for growth is considerable.



Looking ahead, red24 is looking at ways they can expand their offering. For example, they may consider introducing a service to locate people in an emergency using mobile phone coverage. In the longer term, they will consider expanding by acquisition, but conditions (and the red24 share price) would need to change before such a move could be considered.






Investment Considerations

It would seem that the red24 business is not suffering due to the current economic difficulties. However, there are some risks to red24s business going forward, particularly with a significant percentage of their business coming from 2 very large customers. Whilst the Group has moved into profitability there is yet somewhat limited scope to deal with major unexpected difficulties.

That said, like many of Aims minnows, red24s share price is at a very low level, particularly as the company is now profitable, cash generative and has little debt. As noted earlier, the 2010 p/e at the current share price is approximately 4 and this is using seemingly conservative growth assumptions.

In the past, as Arc Risk Management, the Group has shown promise but then disappointed. At least todays improving picture is supported by real profits and it will be interesting in June to read the final results, for the year to 31 March 2009, to see if the recent improvements are continuing.



I believe that the Groups management have adopted a practical and cost effective approach to their business. Maldwyn and his team seem to have good prospects of succeeding in maintaining the growth and improved profitability going forward. If they do succeed then we would expect to see a considerable improvement in the share price from this low level.




Discuss this article

on Aimzine Social











Written by Michael Crockett, Aimzine

Copyright Aimzine Ltd 2009

Nice RNS release this morning.. excellent set of results and after all this time the future now looks extremely encouraging...I look fwd to hearing the plans for the future.. ie aquisitions, new products etc..

Red24 plc ('red 24' or the 'Group') is pleased to announce its results for the year ended 31 March 2009.




Highlights

Revenue increased by 20% to 3.3m (2008: 2.8m)
Operating profit of 584k in contrast to a loss of 294k in the prior year
EPS of 0.95p (2008: loss of 0.78p)
Greatly improved cash balances of 626k (2008: 82k)
Shareholders' funds improved to 529k (2008: 139k)
Launch of Travel TrackerTM for customers' employees travelling overseas





Simon Richards, Chairman, commented:




'I am delighted to announce a strong set of results which has seen improvements in all of our key performance indicators. The Board has done an excellent job of stripping out unnecessary costs whilst maintaining outstanding levels of service, and has succeeded in broadening our customer base.




'The Company is now a lean and profitable organisation where new customers can be added and supported at minimal additional cost. With new features to our products attracting a wider range of customers, the Board is confident of creating significant value for its shareholders.'

It's looking good ! It's even top of the leader board ! Good news is on the way me thinks

more good news....

RNS Number : 8413W
Red24 PLC
04 August 2009

?
red24 plc

Result of AGM


At the Company's AGM held today, Simon Richards, Chairman, made the following
statement:


"I am delighted to be able to address shareholders following our first full year
as a profitable company. I am pleased to announce that trading since the
financial year end has been in line with expectations. We remain committed to
broadening our customer base, whilst we continue to keep a watchful eye on
costs."

All the resolutions proposed at today's meeting were duly passed.

Nothing new but nice write up in today's Sept Aimzine issue

Red24

The Company issued a short AGM statement on 4 August which read:

At the Company's AGM held today, Simon Richards, Chairman, made the following statement:

'I am delighted to be able to address shareholders following our first full year as a profitable company. I am pleased to announce that trading since the financial year end has been in line with expectations. We remain committed to broadening our customer base, whilst we continue to keep a watchful eye on costs.'



It is good to hear that current trading is in line which augurs well for the interim results to 30 September which will be released later this year. The Companys broker issued a revised forecast just after the final results in June. These estimated pre-tax profits for the year to 31 March 2010 at 620,000 with earnings per share coming in at 1.00 pence. The Broker also forecast that Red24 will declare a dividend for the year of 0.20 pence.



Red24s shares have doubled since the Aimzine article was published in May 2009. Even after this price increase Red24s shares trade on a forward p/e of just 5. This still seems low for a growing company, particularly as the Company reported cash balances in excess of 600,000 in its latest results.

More good news released this morning...should have a pos+ impact on the SP, particularly in the run up to the interims due for release lat Nov/early Dec. (imho)

might even see a good trading statement early Oct

red24 PLC

Renewal of contract

red24 plc ('red24' or the 'Group') is pleased to announce that it has signed an extension of its contract with AIG Travel Assist Inc., part of the newly formed Chartis Insurance, for a further 5 years. Under the contract, red24 supplies 24 hour security assistance services in conjunction with AIG Travels medical and travel assistance services. This provides both business and leisure travellers with a package of travel assistance services which can be included as part of an insurance policy. The contract renewal will continue to support red24's strategy of developing business in the Americas and Asia.

Simon Richards, Chairman, commented:

'I am delighted that we have been able to renew the contract with AIG Travel who provide travel assistance services to one of the largest travel insurance providers in the World. Our relationship with AIG Travel continues to give us an excellent platform for growth in the US and Asia over the next five years.'

Good news RNS this morning..won't do any harm to the SP..
Hopefully, a positive trading release still to come!

RNS Number : 1796A
Red24 PLC
05 October 2009

red24 advises HRG Rennies Travel on safety at 2010 World Cup in South Africa

red24 is pleased to announce that it has signed an agreement with HRG Rennies Travel, the Hogg Robinson Group's strategic travel management partner in Africa, to provide security advice to ensure the safety of HRG Rennies Travel staff during the 2010 World Cup in South Africa. HRG Rennies Travel has been appointed as a FIFA licensed Participating Tour Operator for the 2010 World Cup.

As Southern Africa's largest travel group, HRG Rennies Travel is working with a significant number of corporate clients and individual fans attending the football tournament. red24 will provide the company's employees with a wide range of advisory services to ensure that they are kept informed 24/7 of any security risks throughout the course of the event.

These services include online travel security intelligence on each of the 2010 host cities, available to all HRG Rennies Travel staff members; access to a 24/7 hotline should staff members require security assistance or guidance; bespoke security reports; and travel alerts sent to staff members' inboxes in the event of a travel or security disruption during the World Cup.

red24, listed on the AIM market of the London Stock Exchange, has its advisory headquarters in Cape Town, South Africa and has been operational in the country for the past eight years. Several members of the team have previous experience of working with the emergency services within South Africa, giving them unrivalled knowledge of the risks and threats that face visitors to the country.

Maldwyn Worsley-Tonks, CEO of red24 said, 'Whilst we expect this to be a wonderful and festive occasion, it's great to see HRG Rennies Travel are being so thorough with their corporate responsibility and duty of care. With our local knowledge and experience in advising international companies, red24 is ideally placed to provide the most detailed security advice to any corporation looking to enjoy the football World Cup.'

anyone still in ?

Not much going on at the moment but... that could all change shortly..last years interims were released 4th Nov (13th Nov in 2007),

Last yr they gave notice of results and in-line trading / revenue prospects on the 10th Oct... so we should see something soon! and, with a little luck, results to be ahead of expectations

All quiet...at the moment!.... interims could be released any time in the few days...last year it was 4th Nov!..hopefully we'll see good numbers/trading update and some new deals/contracts thrown in for good measure ! (imho)

More good news!

red24 (Redt 6.25p, 2.8m) red24 has signed agreements with two major insurance underwriters in the US to provide special risk consulting services. The contracts are expected to add a minimum of $700,000 of additional revenue over the next calendar year. While we would roughly calculate that this would equate to EPS of around 0.12-13p it is likely that at least some of this growth is already accounted for by the 1p EPS forecast this year to March 2010 (the company recorded 0.39p for the first half to 30th September) and the EPS of 1.27p for March 2011 into which the majority of first year of earnings from the contract will fall. Even so this looks like excellent news for Red 24 which is hardly expensive on the basis of existing forecasts. Thus even if this contract only goes to shore up the March 2011 outlook, the company looks great value at just over 6x March 2010 and under 5x 2011 earnings. BUY.

More good news!

Also, the maiden div was paid into my account yesterday...can't be bad...onwards and upwards! ......

red24 plc ("red24" or "the Group")

Contract for Special Risk Consultancy

red24 is pleased to announce that it has signed an agreement with another North American based assurance company to provide kidnap and ransom consulting services. The contract is for an initial period of three years to provide advice worldwide and, where necessary, the appropriate response services.

Simon Richards, Chairman, commented:

"Towards the end of last year we identified special risk services as a potential area of growth which complements our core operations and which has significant cross selling opportunities with our existing business. We therefore invested in a highly skilled team which is based in the USA and can leverage our outstanding Crisis Response Management Centre in Cape Town. The initial response has been very encouraging and this latest agreement is the third special risk contract that we have achieved in a short space of time. This is further evidence of the progress being made by the business as a whole and underpins our confidence in the future."

More good news...:-)

Red24 PLC
16 February 2010

red24 plc ("red24" or "the Group")

Renewal of HSBC Contract

red24 is pleased to announce that it has reached agreement with HSBC to renew its contract for a further three year period, effective immediately. HSBC provides red24 services as part of its HSBC Premier, HSBC Advance and HSBC Passport services and has also recently added red24 to the First directory account within first direct.

Simon Richards, Chairman, commented:

"We are delighted with the continued success of our relationship with HSBC and remain committed to adding value to its customers. This means that we have now secured our two main distribution partners for the foreseeable future, which provides an excellent platform for continued growth."

Good news this...shows good confidence and the reason for the recent slight dip ? SP should resume it's gradual path up to higher levels...looking forward to a good trading update end of March/begin April to set up nice results end of May/Beg June (all imho)

RNS Number : 0786I
Red24 PLC
04 March 2010

red24 plc ("red24" or "the Group")

Grant of options and employee share loan scheme

red24 plc is pleased to announce that it has granted options over 500,000 ordinary shares of 1p each to Mr Maldwyn Worsley-Tonks, chief executive, at an exercise price of 8p per share. The options have been granted in recognition of his success in developing the Group's special risk business in North America.



These options may not be exercised before 31st March 2013 and will lapse if not exercised before 31st March 2016.



As a result of this grant, the total number of shares over which Mr Worsley-Tonks holds options is 675,000.



red24 is also pleased to announce that, under its employee share loan scheme, seventeen employees have in aggregate, subscribed for 450,000 new ordinary shares of 1p each in the Company. Under the terms of the scheme, these have been issued at a price of 7.8p per share.



Application has been made to the London Stock Exchange for admission of the 450,000 new ordinary shares to be admitted to trading on AIM. Admission is expected to occur on 10 March 2010.



For the purposes of the Disclosure and Transparency Rules, red24's total issued share capital following the issue of these shares consists of 44,891,083 ordinary shares of 1 penny each.



The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, red24, under the Disclosure and Transparency Rules.



Simon Richards, Chairman, commented: "We are delighted with how the business is developing under Mal's stewardship and the options granted to him recognise his contribution to the Group's success. It is also very pleasing to see such a strong take up from employees under the share loan scheme which I believe demonstrates the confidence our staff have in the future success of the Group."

Rec'd this from UK-Analyst just a few mins ago... we're getting a bit of recognition now....looking good!

Buy red24 at 7.75p

Says exclusive small cap specialist website UKMicrocap.com

In a recent ShareCrazy.com (sign up for free here) review of HSBC Chairman Stephen Green's book Good Value, it was noted how he explained globalisation has now passed the point of no return - the internet, in particular, seen as "spinning the threads of culture and commerce into the furthest corners of the world". red24 is a play on this phenomenon as the company provides global security services to corporates and partners and with continuing security uncertainty across the world as well as attractive P&L, balance sheet and cash flow profiles and a lowly rating, its shares, at 7.75p, are a "buy".

Company Description:
Founded in 2000, red24 is a security risk management and training provider. It operates from offices in England and South Africa, as well as having a presence in the United States and other areas of the world, and through two divisions;

red24 security - provides a range of preventative (e.g. intelligence and advice) and reactive (e.g. 24-hour emergency response service) solutions to help individuals and businesses avoid and manage security risks to themselves and their staff.

Training - accredited training courses for security managers.

Financials & Trading:
The company's most recent results were for the six months ended 30th September 2009. Released on 5th November, these showed a 16.7% increase in pre-tax profit to GBP231,000 on revenue just over 16% higher at GBP1.87 million. Earnings per share increased from 0.39p to 0.43p and a maiden 0.15p dividend was also declared - which the company emphasised it aims to make "a regular part of shareholder returns".

Before changes in receivables and payables (-GBP286,000) and debt repayment (-GBP130,000), the company generated GBP264,000 - with its cash flow facilitating GBP125,000 of the GBP130,000 of debt repayment to be the early repayment of loan notes. At period end the balance sheet showed net cash of GBP309,000, net current assets of GBP278,000 and net tangible assets of GBP414,000.

The red24 security business increased operating profit (before unallocated head office costs) by 12.7% to GBP426,000 on revenue almost 30% higher at GBP1.5 million. Whilst still robust, the profit growth was held back by two thirds of the additional revenue being at lower margin than budgeted and by the impact of the strength of the rand which has increased the costs of the company's Crisis Risk Management Centre in Cape Town. However, the company noted the growth in the revenue stream for this segment "augurs well for the medium term prospects for the business".

The training business saw more difficult trading conditions, though it remained profitable to the tune of GBP44,000 (against GBP51,000) as revenue fell by just over 19% to GBP368,000. However, it noted "overseas work continues to grow and prospects for the second half appear encouraging so that the year as a whole should turn out to be more profitable than last year".

Management:
Chairman Simon Richards is a Chartered Accountant with more than twenty years of experience in corporate management.

Managing Director Maldwyn Worsley-Tonks is a former Lieutenant Colonel in the British Army, with over ten years of experience in the security industry. He is a specialist in corporate contingency planning and disaster recovery.

Non-Executive Director John Mocatta, also a Chartered Accountant, has vast corporate finance and directorship experience.

Bull Points:
- Increasing globalisation and security uncertainty

- Cash generative with positive balance sheet

- Post-results contract wins

- Total dividend yield of 4.1% should the 0.15p interim payout be repeated at full-year

Bear Points:
- High dependence on one or two key accounts, though the customer base is being broadened

- High dependence on key personnel

- Continuing strength of the South African Rand and mention of some margin pressures

*The value of investments can go down as well as up. Past performance is no guarantee of future success. Investing in equities can lose you part or all of your capital. The tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the recommendations contained here should seek independent advice. Smaller company shares usually suffer a wider bid offer spread the blue chips and can be illiquid and hard to sell and must therefore be deemed higher risk investments.

Recommendation:
The interim results put red24 on course to at least meet current year forecasts and news just over a week after those results of deals with two major insurance underwriters in the United States which are anticipated to "add a minimum of $700,000 of additional revenue over the next calendar year" suggest the forecasts should prove quite conservative. However, even on these numbers the current 7.75p share price represents an earnings multiple of 7.8 falling to 6. Considering this is a cash generative company which already has net cash and is expected to grow earnings by 30% in a year just 3 months away, this rating looks far too low.

Given the stated factors, even an earnings multiple of 10 seems unsatisfactory - though would suggest a pretty short-term target price of 13p. With this before mentioning that even if the 0.15p interim dividend is only repeated at the full-year stage, the overall dividend yield would be 4.1% (and with the spread on the share price not appearing too severe), red24 is a "buy".

Key Data

EPIC: REDT
Market: AIM
Spread: 7.5p - 8p (6.25%)

From RNS a couple of days ago....

Good to see borrowing down to virtually nil now. 500k paid off over the last 24 months or less with a consequesnt decrease in financing cost ---> higher profit.

'Trading continues to be in line with market expectations and will benefit from the strengthening of the balance sheet.'

..looking fwd to the results end May/beg June...ought to be good with div confirmation etc...expect to see further gradual rise in the sp in the run up..imho

It's looking good...should see a very positive trading update end Sept/beg Oct and break the 10p level!.(imho)

No update yet so now expect an anouncement in a few weeks of when they plan to release the interims.
They will probably say that the results will be in line with expectations or a little ahead.
I'm still in for a while longer on this one.. now expect to see 12p late spring (imho & dyor, etc)..surprised that this hasn't moved up abit already!

Results are out.... not brilliant hence the pull back in the sp over the last week or two..... but nice increase in the div.

After an initial spike I expect the sp to continue to drift down to 6p-ish level over winter b4 perking up in the spring (unless we get good news of contract/deals)
Hope I'm wrong and the sp doubles...but can't see it happening...will continue to hold.. (imho & dyor.



HALF YEARLY REPORT FOR THE SIX MONTHS TO 30 SEPTEMBER 2010

Red24 plc ("red 24" or the "Group") is pleased to announce its unaudited results
for the half year to 30 September 2010.

Highlights

� Revenue increased by 33% to GBP2.48 million (H1 2009: GBP1.87 million).

� Profit before tax of GBP302k (H1 2009: GBP231k).

� EPS of 0.57p (H1 2009: 0.43p).

� Growth in customer base leads to 35% increase (2009: 30%) in red24
segment revenues.

� Dividend increased by 60% to 0.24p (2009: 0.15p).


Simon Richards, Chairman, commented:

We are pleased with the continued growth in the business in the first half year.
Both business segments show significant sales growth and this bodes well for the
medium term prospects for the business. The balance sheet has continued to get
stronger and we are delighted to declare a 60% increase in the dividend which
remains well covered by earnings.