Red24 (AIM:REDT) interims reflect period of significant investment, dividend still lifted
The crisis assistance company delivered interim results that evidently underwhelmed, with the shares tumbling. The sell-off looks somewhat overdone given the significant investment in the period, all of which has been expensed, and the evident confidence in the future, borne out by the lifted dividend. If anything, having been a relative plodder for the past few years we now get the impression that this business could start to deliver material growth, supported by a nice cash position. The Group should also be commended for the very timely reporting of these 30th September interims.
Red24 provides a range of security and business support services, offering preventative and reactive advice to help organisations and individuals to avoid or manage security and business risks to themselves, their families and their businesses. Its products and services are distributed through leading international financial service companies.
In benefitting at times of crisis it could almost be viewed as a contrarian play and form of market hedge.…
Previous article Next article
