One Penny Stock: Rosslyn Data Technologies Plc Has Delivered Around 49.5% Return In 1 Year

3 min read | May 30, 2019 05:38 PM BST | By Team Kalkine Media
Business overview AIM-listed Rosslyn Plc is a cloud-based big-data analytics service provider. Shares of the company was admitted to the sub-market of the London Stock Exchange known as AIM on April 24, 2014. The company is headquartered in London, UK. Kestrel Partners LLP, Walker Crips Stockbrokers Ltd. and Amati Global Investors Ltd. are the large institutional shareholders in the group. Kestrel Partners LLP has around 22 per cent interest in the business. Board Appointment (April 11, 2019) Ash Mehta, appointed as the Chief Financial Officer of the Rosslyn Plc and his role got effective from April 23, 2019. Rosslyn Plc secured a £1.5 mn debt facility from Clydesdale Bank (April-09-19). The group has successfully able to refinance their existing debt with a facility from Clydesdale Bank and out of £1.5 mn facility available, £1.0 mn will be utilised towards repayment of Integritie debt of £0.75 mn and remaining would be used to support their working capital. The company secured £1.5 mn debt facility from Clydesdale Bank at a coupon rate of 7.75% plus three months LIBOR. Trading Update – FY19 On May 29, 2019, the group recorded its trading update for the year ended April 30, 2019. During the year under review, recorded revenue stood at £7.0 mn against £6.4 mn in the previous financial year. Revenue surged by 8.3% during the FY19 vs FY18. Operating EBITDA improved by 75% to a loss of £432,000 against the loss of £1.8 mn in the last financial year. During the FY19, the group has achieved some key milestones as it has a generated £329,000 cash from the operating activities, as compared with the cash used in operations of £3.45 mn in the previous financial year. In the year under review, the group has successfully secured many high-value agreements from various industries like Defence, Logistics, Pharma and Healthcare. Stock Performance Daily price chart (as on May 30, 2019), before the market close. (Source: Thomson Reuters) At the time of writing (as on May 30, 2019), shares of RDT were quoting at GBX 7.30 and added 0.68% against the previous day closing price. During the past one-year, shares have recorded a 52-wk high of GBX 9.0 and a 52-wk low of GBX 4.3, and at the current trading level, as quoted in the price chart, shares were trading around 70% above the 52-wk low price level. As highlighted in the price chat, shares are about to break its 200-day moving average resistance level, a breakout through this crucial resistance might push the price up. In the past year, the stock has delivered a price return of 49.5%, and on a year-to-date basis, the stock was up by 2.11%.

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