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 ?

lol

watch the burdy

Keep an eye on this one.... news due very soon
(by the end of the month,imho)

Results released this morning..
a little disappointing... Take of delayed for 6months+
Loss greater than forecasted.losing Hiscox impacted more than thought.
Not sure what this will do to current sp...sp likly to drift imo....keeping this on the back burner for another 12 months... need significant new business in the meantime
Be interesting to see what press we get (if any!)

Highlights

Turnover increased 39% to 2.8m (2006: 2.0m)


Loss before tax reduced to 353k (2006: 700k)


Key accounts of HSBC and AIG showing strong growth


Hogg Robinson, Ace Insurance and International Air Passengers Association
client wins


Name changed to red24 plc to reflect the growing importance of the brand

Simon Richards, Chairman, commented:

'I am pleased to announce that the Group has made considerable steps on its way
to profitability with strong turnover growth and losses before tax almost
halved.

'We expect to continue to grow our relationships with existing and new partners
in the financial service and insurance industries and envisage increasing growth
in the worldwide adoption of our products.'


Outlook

red24 is strongly positioned as a leading provider of security risk management
services to meet the growing requirement for greater protection for those
travelling, whether on business or for pleasure. We have invested heavily to
ensure that our service levels are at the standard required from our
distribution partners and have the systems in place to cater for a much greater
level of call handling and response to our members' needs. This gives us
considerable scope for substantial growth without a proportionate increase in
our direct costs.

Whilst competition in these markets has undoubtedly increased the overall size
of the market, it is growing rapidly and we remain well placed to win a
significant share of this business. We expect to continue to grow our
relationships with existing and new partners in the financial service and
insurance industries and envisage increasing growth in the worldwide adoption of
our products.

More details on the IAPA contract win announced a couple of weeks ago...

Red24 PLC
12 July 2007


red24 signs contract with IAPA

red24 plc ('red24' or 'the Company'), the AIM-listed global security company, is
pleased to announce that it has signed an affiliate agreement with the
International Airline Passengers Association (IAPA), to provide their members
with access to red24's membership services.

The International Airline Passengers Association (IAPA) provides international
benefits and services to more than 400,000 frequent travellers throughout the
world. IAPA was established over 40 years ago and is now highly-regarded amongst
international travellers.

Under the terms of the deal red24 will provide access to its information, advice
and assistance on personal safety and security issues for locations around the
globe. IAPA members will have automatic access to red24's members-only website
and be able to purchase red24's superior membership services at preferential
rates. The service is provided 24/7 and operates every day of the year to ensure
that travellers are kept abreast of the latest travel related incidents around
the world.

Commenting, Simon Wakeling, Managing Director of red24, said:
'We are delighted to be working with an organisation as prestigious as IAPA and
look forward to assisting its members in travelling around the world safely.
This contract marks the beginning of what we hope to be a long and fruitful
strategic relationship with IAPA. This further consolidates red24's strategy to
partner with similar minded organisations which have customers who, we believe,
will benefit from having access to our membership services.'

IAPA's Marketing Director, Chris Hale, stated:
'In this increasingly security-conscious age IAPA is dedicated to helping its
members travel safely. Working with the security experts at red24 reassures IAPA
members that the risks associated with travel can be mitigated and gives them
peace of mind that, in the event of the worst happening, help can be close at
hand.'

News this morning..not sure what impact it'll have on the sp though.. should be positive overall ?



Red24 PLC
15 August 2007


red24 plc

Issue of Equity

red24 plc, the AIM-quoted security and risk management consultantcy, is pleased
to announced that it has raised 200,000 through a placement of 20,000,000
ordinary shares of 1p ('Placing Shares') at a price of 1p.

As part of the Placing the Company has issued 20,000,000 warrants attached to
the Placing Shares on a one-for-one basis. The warrants give the holder the
right to subscribe for new ordinary 1p shares in the Company at an exercise
price of 1p at any time up to the 31st March 2009.

Application has been made for the Placing Shares to be admitted to trading on
AIM and dealings are expected to commence on 20th August 2007. The warrants will
not be admitted to AIM or any other Exchange. Following the Placing the issued
share capital of red24 plc has increased to 324,710,836 ordinary shares of 1p.
The new funds will be used to support the rolling out of the red24 brand, both
in the UK and overseas, particularly in the Far East.

Following the Placing SVM Asset Management will have an interest in 10,000,000
ordinary shares in the Company representing 3.08% and Mr J M Brigg will have an
interest in 18,550,000 ordinary shares representing 5.72%, of which, 3.08% is
held by EMIS International Business Ltd, a company wholly owned by Mr Brigg.

Simon Richards, Chairman of red24 plc, commented:
'I am delighted to welcome SVM and EMIS as significant shareholders. The
strengthening of our balance sheet will enable us to roll out the red24 brand as
we continue on our way towards profitability

ANYONE STILL IN REDT ?

Now much grimmer isn't it !

bid is dropping.
There's a sell this morning at .005p

no trading update for the 6months eneded 30thSept
no further news of product launches or contract wins/deals

not looking good for the interims due to be released end Nov/Dec
(we should at least be looking at breaking even!

apart from that... everything's fine!

Anyone still in ?
It's looking grim ? sp continues to drift down.. no trading update...no deals/contract wins, no recent product launches. it's looking as though breakeven is still some way off..let alone any profit!...wondering if to sell up and be done with it or hang on in the hope of significant good news in the interims due in the next 3/4 weeks...

FYI Interims were released 16th Nov last yr

Red24 PLC
25 January 2008


red24 plc

Issue of Equity



red24 plc, the AIM-quoted security and risk management consultancy, is pleased
to announced that it has raised 299,750 through a placement of 10,900,000
ordinary shares of 1p ('Placing Shares') at a price of 2.75p.

As part of the Placing the Company has issued 10,900,000 warrants attached to
the Placing Shares on a one-for-one basis. The warrants give the holder the
right to subscribe for new ordinary 1p shares in the Company at an exercise
price of 3.75p at any time up to the 31 March 2009.

Application has been made for the Placing Shares to be admitted to trading on
AIM and dealings are expected to commence on 30 January 2008. The warrants will
not be admitted to AIM or any other Exchange. Following the Placing the issued
share capital of red24 plc has increased to 43,371,080 ordinary shares of 1p.

Director Dealings

Under the Placing the following Directors have subscribed for Placing Shares:

S. A. Richards 3,820,000*
M. Worsley-Tonks 363,500
J. E. A. Mocatta 100,000

*Of these 3,820,000 shares, 3,635,000 were subscribed for by Sidebell Limited a
company in which Simon Richards is a Director and shareholder.

Following the Placing the Directors will have the following interest in the
Company: Mr Simon Richards, Chairman, will have an interest in 10,224,250
ordinary shares representing 23.6%, of which, 21.4% is held by Sidebell Limited,
in which he is a director and shareholder; Mal Worsley-Tonks will have an
interest in 513,500 ordinary shares representing 1.2%; and John Mocatta will
have an interest in 365,000 ordinary shares representing 0.8%.

In addition, following the placing Mr J M Brigg will have an interest in
4,836,500 ordinary shares representing 11.2%, of which, 9.2% is held by EMIS
International Business Ltd, a company wholly owned by Mr Brigg. Merchant
Corporate will have an interest in 3,635,000 ordinary shares representing 8.4%.

Taken in aggregate the Directors' subscription would represent a related party
transaction under the AIM Rules. As there are no independent directors in
respect of this transaction the Company has consulted with the Company's
nominated adviser which has confirmed that, in its opinion, the terms of the
transaction are fair and reasonable as far as the shareholders are concerned.

Simon Richards, Chairman of red24 plc, commented:
'This further funding from both existing and new shareholders shows a continued
support in the red24 brand as we continue to work towards profitability.'


More dilution ?

and how many times have we seen this line before :

"as we continue to work towards profitability"

Be nice to see it someday soon plse!

Looks like a buy of 500k shares today, small beer but at least it's some buying activity at last ?
Admit it's not looking good overall and had written this off also some while back but not worth selling the small amount of shares I now have (5000) so will stay in a see what happens, if anything!

There's been no trading statement, contract or deals news... expect the next results (due between end of May to end Jun) to show reduced revenues, more losses and a statement of how the're going to cut costs again...be jam tomorrow I expect..

C'mon REDT, show us something good!

Anyone still in ?

Interesting....

RNS Number : 4506U
Red24 PLC
14 May 2008



14 May 2008






Red24 plc

(the 'Company')




Holdings in Company




Red24 announces that, on the 13th May 2008, it was informed that on the 9th May 2008, Mr J M Brigg purchased 500,000 ordinary shares in the Company at a price of 3.15p, taking his interest in the Company to 5,336,500 ordinary shares representing 12.3% of the issued share capital, of which, 9.2% is held by EMIS International Business Ltd, a company wholly owned by Mr Brigg.

Ever so slightly improvement and marginally better news.. the next telling stage will be the interims end of Nov to if the're on track...however, with such small mcap & t/over one can't get excited over REDT... product extensions/lots of big client wins/aquisitions is need to really move it forward...

RED24 PLC


Preliminary Results for the year ended 31 March 2008

red24 plc ("red 24" or the "group"), is a provider of a range of security risk management
services, offering preventative and reactive
advice to help individuals and organisations to avoid and manage security risks to themselves,
their families and their organisations. The
products are distributed through leading international financial service companies.

Highlights

* Management restructured
* Reduced loss after tax of 263k (2007: 275k) despite reporting 310k loss at the
interim stage
* Significant cost reductions leading to near term profitability
* Increase in international revenues in particular Korea, China, Singapore and the US
* Recent new client wins including Aviva and Interglobal



Simon Richards, Chairman, commented:

"This year has seen significant change in the business with a focus on profitability and
cash generation. A successful cost reduction
programme has been implemented under the new stewardship of Maldwyn Worsley-Tonks which has
reduced costs by over 60,000 per month.

"The group has two business segments that, since the year end, have both traded profitably
in their own right and are now able to cover
the head office costs, thereby bringing the group as a whole into profitability. As indicated
above, our cost base is now stable, and new
sources of revenue are coming through which make the group cash generative and, whilst risks
remain, the Board are confident that the
developmental phase of the business, with a regular requirement for more capital to cover
losses, is now over."

In the Save & Spend section of Saturday's The Independent, the faint hearted were warned off shares in Red24 (REDT), the former Arc Risk Management. Nevertheless, the advice to existing investors was to hold, as the Group is "limping towards profitability and there are signs that Red24 is emerging as a serious option." Indeed, the Chairman believes that the shares justify a better rating and to trade on 10-times earnings would be reasonable, but this is rendered largely irrelevant given that the business is currently loss-making. This rather curious reporting seems only to have been read by the faint hearted, then, as the stock was motionless at 3.5p this morning....


Not good reading..surprised that the sp hasn't gone down in the past week in the light of the bad market conditions, poor results and un-exciting future... however,
I expect this to drift down about 50% during the next couple of months! (imho)

Good grief ! Blimey ! a little bit of good news (i think)..still "if's and buts" but it's a bit more encouraging ! (imho)

RNS Number : 6465A
Red24 PLC
05 August 2008
red24 plc
Result of AGM

At the Company's AGM held today, Simon Richards, Chairman, made the following statement:
'As I indicated in the Chairman's Statement that accompanied the Report and Accounts, additional revenue streams have been generated since the year end and, if these are maintained, we would expect to be able to report our first half year's profit in November.'

All the resolutions proposed at today's meeting were passed and the Company will now apply to have the deferred shares cancelled. This should be completed before the end of the year and will have the effect of virtually eliminating the deficit on profit and loss account.

and a bit more good news!

Red24 plc ('Red24'), announces that it was informed on 7 August 2008 that on the same day,
Sidebell Limited a company in which Simon
Richards, Chairman of the Company, is a director and shareholder purchased 1,400,000 ordinary
shares in the Company at the price of 3.125p.

Future sp possible attainment levels looking much better now..should be much better results in Nov and may even get another trading update end of Sept/beg Oct.... just need to SP to get to 18p before I'm breaking even.... but.. you never know.. it might just hapeen in the next couple of yrs ! (imho)

RNS Number : 5339F
Red24 PLC
10 October 2008
red24 plc

Trading Update and Notice of Results

red24 Plc will announce its interim results for the 6 months ended 30 September 2008 on Wednesday 12 November. Trading has been in line with forecasts and the Company remains confident of meeting market expectations.

Results could make more interesting reading this time...looks slightly encouraging ?

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.'