Final pieces of the jigsaw are falling into place
Rosslyn Data Tech is a Big Data Procurement, AI & Customs Management software specialist that is transitioning into a high growth, profitable & cash generative SaaS firm. Sure, it’s not quite there yet…but the stars are aligning. Particularly after the appointment of CEO Paul Watts in April, who has literally grabbed the business by the scruff of the neck.Clearly the pandemic hasn’t helped. Yet, equally one could argue that with the shares languishing on a 1.7x trailing EV/turnover multiple (vs >5x sector), and clients moving ‘full bore’ towards all things digital, the upside potential is even greater.
Since the £7.3m shares placing at 5p in May’20, Rosslyn has made significant progress in terms of product development, sales & marketing, cost control and management. Today reporting that FY21 adjusted LBITDA was “in line with expectations” at -£250k (+£36k LY) on turnover of £7.4m (+4% £7.1m LY) with net cash closing April 2021 at £5.6m.
Consequently we maintain our 10p/share valuation, albeit acknowledge it could ultimately prove conservative, especially given many supportive tailwinds. We also look forward to the prelims in August and to hearing more about the findings from the operational review.
Cloudera is an enterprise data cloud company. The company has multi-function data management and analytics software, including flow management, streams management, data engineering, data warehousing, streaming analytics, operational databases and machine learning. The company provides software subscriptions and public cloud services for the Cloudera Data Platform solution-set and software subscriptions for its on-premises data platforms. Subscriptions include software access rights and technical support. The company also provides services for the implementation and use of its software subscriptions, machine learning solutions and consultation, training and education services.
D4t4 Solutions operates within the data and analytics market. The specific area of focus for Co. is data and analytics related to consumers; the collection of data on how consumers interact with digital channels, the management and analysis of the data and the implementation of solutions to assist companies get value from their data assets. The principal activity of Co. is split into three categories of product and services sold: licence sales, project work, and recurring revenues.
Proactis Holdings is engaged in the development and sale of business software, installation and related services.
Rosslyn Data Technologies is engaged in the development and provision of data analytics software. Co. develops and commercializes its customer-centric cloud data platform, RAPid. RAPid extracts, integrates and synchronizes data from sources. RAPid then transforms and enriches this data, providing the user with tools to build charts, tables and apps in order to visualize the information and deliver insight. This is all performed over a secure cloud connection, giving access from mobile, laptop or tablet.
Splunk provides software solutions that enable users to investigate, monitor, analyze and act on machine data. The company's main product is Splunk Enterprise, a machine data platform, comprised of collection, indexing, search, reporting, analysis, alerting, monitoring and data management capabilities. The company's Splunk Cloud delivers the capabilities of Splunk Enterprise as a service, while Splunk Light provides log search and analysis for information technology environments. The company also provides services that include maintenance and customer support, training services to its customers and channel partners, as well as consulting and implementation services to customers through its services team.
Wandisco Plc is engaged in the development and provision of global collaboration software.
Equity Development enables companies to become better understood and supported by investors. Since our launch in 1996 we have consistently focused on helping our clients improve their communication and relationships with both existing and potential shareholders. Our clients have come from a wide variety of sectors and domiciles, are both private and quoted and range in size from micro-cap to $multi-billions. We offer free access to company research notes written by experienced analysts. These notes include detailed forecasts, financial models and a fair value. We host regular Private Investor Forums at which investors have the opportunity to hear company directors present, and to ask questions. These are free to attend. We broadcast live Webinars with company management that include active Q&A. We also make the recordings available online. We arrange face to face meetings between private investors and company management. We are active users of Twitter, commenting daily on company news, share price moves, Directors’ Dealings, Equity Development Research Notes & Events.
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