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(REDT.L) Red24 PLC Buy/Sell

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Date/Time	Headline	Source
1
13-11-09	Red24 PLC - Contract Wins	RNS
RNS Number : 4443C Red24 PLC 13 November 2009 red24 PLC New special risk contracts red24 plc ("red24" or the "Group") is pleased to announce that it has signed agreements with two major insurance underwriters in the United States to provide special risk consulting services. The Company anticipates that these will add a minimum of $700,000 of additional revenue over the next calendar year. The first agreement is for an initial period of three years and is involved in the Company's traditional field of product contamination. The second is to provide special risk services, and represents a first sales success for the additional staff recruited in the autumn. Simon Richards, Chairman, commented: "In the Company's half yearly statement we announced that the Company had taken on additional staff to offer a fuller range of special risk advice and I am delighted that this has led to such immediate success. These contracts are further evidence of the solid progress being made by the business and underpin our confidence in the future." Enquiries: Red24 plc `Simon Richards, Chairman Tel: 0203 291 2424` Mal Worsley-Tonks, Director Threadneedle Communications `Josh Royston Tel: 0207 653 9850` Graham Herring Seymour Pierce `Mark Percy Tel: 0207 107 8000` Catherine Leftley red24 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 principally distributed through leading international financial service companies. This information is provided by RNS The company news service from the London Stock Exchange END CNTCKBKDOBDDBDD More
05-11-09	Red24 PLC - Interim Results	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 9476B Red24 PLC 05 November 2009 RED24 PLC HALF YEARLY REPORT FOR THE SIX MONTHS TO 30 SEPTEMBER 2009 Red24 plc ("red 24" or the "Group") is pleased to announce its results for the half year to 30 September 2009. Highlights * Revenue increased by 16% to �1.87 million (H1 2008: �1.61 million). * Profit before tax of �231k (H1 2008: �198k). * EPS of 0.43p (H1 2008: 0.39p). * Growth in customer base leads to 30% increase in red24 segment revenues. * Early repayment of �125k of Loan Notes * Maiden dividend of 0.15p declared. Simon Richards, Chairman, commented: We are pleased with the growth in the business in the first half year and with the previously announced extension to our contract with AIG. The growth in the revenue stream for the red24 segment augurs well for the medium term prospects for the business notwithstanding the adverse exchange rate movements that have held back the growth in profitability this half year. We are particularly pleased to declare a maiden dividend to shareholders and aim to make this a regular part of shareholder returns. Enquiries: Red24 plc Simon Richards, Chairman Tel: 0203 291 2424 Mal Worsley-Tonks, Director Threadneedle Communications Josh Royston Tel: 0207 653 9850 Graham Herring Seymour Pierce Mark Percy, Corporate Finance Tel: 0207 107 8000 John Grant, Corporate Broking red24 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. CHAIRMAN'S STATEMENT Introduction I am pleased to present our half year report showing continued profitability and further strengthening of our balance sheet. I am particularly pleased to report that a maiden dividend of 0.15p per share will be paid on 18 January 2010 to those shareholders on the register at 18 December 2009. Financial Overview Overall revenue has increased by 16% to �1,866,000 from �1,608,000 and the profit before tax has increased to �231,000 from �198,000. As a result shareholders funds have increased by �161,000. Cash flow has continued to be positive and we repaid early �125,000 of Loan notes during the half year. The interest saving will benefit the periods ahead. Our aim is to repay all external debt by the end of the financial year whilst maintaining an adequate reserve of working capital. red24TM red24 is a global security service providing preventative and reactive advice to help individuals and businesses avoid and manage personal risks to themselves, their staff and their families. Revenues for the red24 business segment grew by some 30% in the half year and segment profit rose to �426,000 from �378,000. Profit growth has been held back both by the fact that two thirds of the additional revenue has been at lower margin than budgeted and by the impact of the strength of the rand against both sterling and the dollar which has tended to increase the costs of our Crisis Risk Management Centre (CRM) in Cape Town with no offsetting growth in the value of our foreign currency revenues. In the first half of this year the average rate was R12.8:�1 compared with R15.0:�1 last year a movement that has increased our South African administration costs by15%. Our key distribution channels remain HSBC and AIG Travel Assist. HSBC continue to provide red24 services as part of its Premier and Plus banking offerings and this half year have added red24 to the First Directory account offered by its First Direct subsidiary. In September we were delighted to announce a five year extension to our contract with AIG Travel Assist to offer its customers in America and Asia red24 on an exclusive basis. We believe that much of our success with HSBC is down to training its relationship managers in the product so they can explain it with confidence to their customers and this helps ensure we are a valued part of the overall offering. We believe a similar approach will assist AIG and so have taken on a security specialist, based in New York, to develop the business in that market. A similar position will be created in Asia in due course. We have had some success in broadening our offering to corporate customers who are generally adding red24 to their staff intranet. This gives opportunities for the sale of other security services and our consulting business has had a strong half year. A recent example of this is the addition of HRG Rennies as a client. We will be advising HRG Rennies staff on their travel to South Africa for the 2010 World Cup. With our local knowledge and experience in advising international corporations, red24 is ideally placed to provide the most detailed security advice to any business likely to travel to South Africa for the tournament. We continue to advise insurance underwriters on aspects of their special risk business, particularly product contamination. This market appears to be very fluid at the moment and we have recruited additional staff in order to offer a fuller range of special risk advice. We believe that this will bring in additional business in the short and medium term, which will help fuel the next phase of our growth. Training Training revenues have fallen 19% in the half year and profit has fallen to �44,000 from �51,000. In part this is because a course normally held in May was brought forward to March and so fell outside the half year but, in any event, trading conditions were difficult in the half year. 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. Outlook and risks Clearly the economic environment remains unsettled and further turmoil in the months ahead cannot be excluded. Nonetheless the business has continued to perform steadily and the Board considers that the appraisal of key risks and uncertainties contained in the full year report remains valid. The Board continues to be encouraged by the solid progress of the business and hope that shareholders are too. It is a sign of further progress that we feel able to declare a maiden dividend. Simon Richards Chairman 4 November 2009 UNAUDITED CONSOLIDATED INCOME STATEMENT 6 months ended 6 months ended 12 months ended 30 September 2009 30 September 2008 31 March 2009 �'000 �'000 �'000 REVENUE 1,866 1,608 3,321 Cost of sales (336) (373) (727) GROSS PROFIT 1,530 1,235 2,594 Administration expense (1,283) (1,014) (2,010) OPERATING PROFIT 247 221 584 Net finance expense (16) (23) (47) PROFIT BEFORE TAXATION 231 198 537 Income tax expense (40) (27) (121) PROFIT FOR THE PERIOD 191 171 416 Profit per share Basic & fully diluted 0.43p 0.39p 0.95p UNAUDITED CONSOLIDATED BALANCE SHEET 30 September 30 September 31 March 2009 2008 2009 �'000 �'000 �'000 ASSETS NON-CURRENT ASSETS Intangible assets 276 262 279 Property, plant and equipment 49 66 61 Deferred tax asset 106 228 138 Trade and other receivables - - 11 431 556 489 CURRENT ASSETS Trade and other receivables 691 489 415 Cash and cash equivalents 474 380 626 1,165 869 1,041 TOTAL ASSETS 1,596 1,425 1,530 CAPITAL AND RESERVES Called up share capital 444 3,356 444 Share premium account - 748 - Other reserves 46 47 46 Retained earnings 168 (3,938) (23) Translation reserve 32 67 62 EQUITY SHAREHOLDER FUNDS 690 280 529 CURRENT LIABILITIES Trade and other payables 741 715 703 Borrowings 146 393 270 887 1,108 973 NON-CURRENT LIABILITIES Borrowings 19 37 28 19 37 28 SHAREHOLDER'S EQUITY AND LIABILITIES 1,596 1,425 1,530 UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY �'000 Share capital Share premium Other Retained earnings Translation reserve Total reserve Balance at 1 April 2009 444 - 46 (23) 62 529 Profit for the period - - - 191 - 191 Exchange translation differences on foreign operations - - - - (30) (30) Total recognized income and expense - - - 191 (30) 161 Balance at 30 September 2009 444 - 46 168 32 690 �'000 Share capital Share premium Other Retained earnings Translation reserve Total reserve Balance at 1 April 2008 3,356 748 47 (4,109) 97 139 Profit for the period - - - 171 - 171 Exchange translation differences on foreign operations - - - - (30) (30) Total recognized income and expense - - - 171 (30) 141 Balance at 30 September 2008 3,356 748 47 (3,938) 67 280 �'000 Share capital Share premium Other reserve Retained earnings Translation reserve Total Balance at 1 April 2008 3,356 748 47 (4,109) 97 139 Profit for the period - - - 416 - 416 Exchange translation differences on foreign operations - - - - (35) (35) Total recognized income and expense - - - 416 (35) 381 Proceeds of issue of shares and warrants 10 11 - - - 21 Cancellation of shares (2,922) (759) 3,670 (11) Share based payments - - (1) - - (1) Balance at 31 March 2009 444 - 46 (23) 62 529 UNAUDITED CONSOLIDATED CASH FLOW 6 months ended 6 months ended 12 months ended 30 September 2009 30 September 2008 31 March �'000 �'000 2009 �'000 Operating activities Profit before tax 231 198 537 Adjustments for: Investment income (2) (4) (7) Finance costs 18 27 54 Depreciation & amortisation 20 14 34 charges Share based payments - - (1) Exchange gains (30) (56) (36) (Increase)/decrease in (263) 115 178 receivables (Decrease)/increase in (23) 43 (31) payables Net cash inflow/(outflow) from operating activities (49) 337 728 Investing activities Interest received 2 3 7 Purchase of intangibles - - (19) Purchase of property, plant & equipment (5) (6) (13) Net cash outflow from investing activities (3) (3) (25) Financing activities Interest paid (18) (27) (62) Repayment of finance leases (3) (4) (3) Issue of ordinary share - - 22 capital Cost of share cancellation - - (11) Repayment of bank loans (5) (5) (10) Repayment of loan notes (125) - (125) Net cash outflow from financing activities (151) (36) (189) Net change in cash and cash equivalents (203) 298 514 Cash and cash equivalents at beginning of period/year 626 82 82 Effect of foreign exchange rate changes 51 - 30 Cash and cash equivalents at end of period/year 474 380 626 Notes to the unaudited financial information: 1. Accounting policies Basis of preparation This report was approved by the directors on 4 November 2009. From 1 April 2007, the Group has adopted International Financial Reporting Standards ("IFRS") and the International Financial Report Interpretations Committee ("IFRIC") interpretations in the preparation of its consolidated financial statements. The accounting policies applied in this unaudited interim financial information are those that the Group expects to apply in the annual financial statements for the year ended 31 March 2010, which will be prepared in accordance with IFRS, and those parts of the Companies Act 2006 that remain applicable to companies reporting under IFRS. The financial information for the six months ended 30 September 2009 is unaudited and does not constitute statutory accounts within the meaning of Section 435 of the Companies Act 2006. Statutory accounts for the year ended 31 March 2009 have been filed with the Registrar of Companies and contain a report from the auditors that is unqualified. The results for the year ended 31 March 2009 disclosed in this report are an abridged version of the company's audited financial statements. It does not constitute the Financial Statements for that period. Copies of the statutory accounts may be obtained from the Company or Seymour Pierce Limited. Principal accounting policies of the Group This financial information has been prepared on the basis of the recognition and measurement requirements of IFRSs in issue that either are endorsed by the EU and effective (or available for early adoption) at 30 September 2009 or are expected to be effective (or available for early adoption) at 31 March 2010. Based on these adopted and unadopted IFRSs, the directors have made assumptions about the accounting policies expected to be applied when the annual IFRS financial statements are prepared for the year ending 31 March 2010. The adopted IFRSs that will be effective (or available for early adoption) in the annual financial statements for the year ending 31 March 2010 are still subject to change and to additional interpretations and therefore cannot be determined with certainty. Accordingly, the accounting policies for the annual period will be determined finally only when the annual financial statements are prepared for the year ending 31 March 2010. 2. Earnings per share The earnings per share for the six months ended 30 September 2009 have been calculated based on the profit on ordinary activities after taxation divided by the weighted average number of shares in issue during the period. 3. Share capital On 31 March 2009 the Court of Sessions gave approval to the Cancellation of deferred shares on the same terms as those approved by shareholders on 5 August 2008. Notes to the unaudited financial information: 4. Segmental Information For management purposes the group is currently organized in to two divisions - red24 and Training. These divisions are the basis on which the group reports its primary segment information. 6 months ended 6 months ended 12 months ended 30 September 2009 30 September 2008 31 March 2009 �'000 �'000 �'000 Business type (unaudited) (unaudited) Revenue Red24 1,498 1,153 2,412 Training 368 455 909 1,866 1,608 3,321 Segment result Red24 426 378 807 Training 44 51 42 470 429 849 Unallocated head office costs (223) (208) (265) Operating profit 247 221 584 Segment assets Red24 1,153 712 1,103 Training 277 313 157 1,430 1,025 1,260 Unallocated head office assets 60 172 132 Deferred tax assets 106 228 138 Total assets 1,596 1,425 1,530 Segment liabilities Red24 458 276 438 Training 240 311 130 698 587 568 Unallocated head office liabilities 43 128 135 Borrowings 165 430 298 Total liabilities 906 1,145 1,001 The group's operations are located in the United Kingdom and in the Republic of South Africa. The following table provides an analysis of the group's sales by location of customer, irrespective of the origin of the services, and a geographical analysis of the location of segment assets and liabilities. 6 months ended 6 months ended 12 months ended 30 September 2009 30 September 2008 31 March 2009 �'000 �'000 �'000 Geographical analysis (unaudited) (unaudited) Revenue United Kingdom 1,315 1,153 2,365 South Africa 14 24 31 Europe 3 51 224 Rest of the World 534 380 701 1,866 1,608 3,321 Segment assets United Kingdom 997 481 794 South Africa 539 772 604 1,536 1,253 1,398 Shared corporate assets 60 172 132 Total assets 1,596 1,425 1,530 Segment liabilities United Kingdom 494 361 373 South Africa 204 226 195 698 587 568 Shared corporate liabilities 43 128 135 Borrowings 165 430 298 Total liabilities 906 1,145 1,001 5. Copies of this half yearly financial report are available on the Company's website www.red24.com and printed copies will be available for at least one month from the Company's administrative offices at The Coach House, Bill Hill Park, Wokingham, Berkshire RG40 5QT. This information is provided by RNS The company news service from the London Stock Exchange END IR ILFLVLTLSIIA More
05-10-09	Red24 PLC - Agreement with HRG Rennies	RNS
RNS Number : 1796A Red24 PLC 05 October 2009 FOR IMMEDIATE RELEASE Red24 plc ("red24") 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." ends `red24plc 020 3291 2424` Simon Richards Maldwyn Worsley-Tonks `Threadneedle Communications 020 7653 9850` Josh Royston / Graham Herring `Seymour Pierce 020 7107 8000` John Grant About HRG Rennies Travel HRG Rennies Travel, established in 1954, is a corporate travel services provider that is recognised as the Southern African leader in its field of expertise. HRG Rennies Travel specialises in providing the most innovative and professional service and its core strengths lie in commitment to zero defect transactional fulfilment. This is supported by a wide range of consulting solutions and an intimate knowledge of the travel industry, both in the Southern African region and globally. By partnering and aligning methodologies with Hogg Robinson Group, one of the world's leading travel management companies with offices in over 80 countries, HRG Rennies Travel is able to deliver a highly competitive service worldwide. www.renniestravel.com About red24 Founded in 2000, red24 is a leading travel security company, providing security intelligence, advice and assistance services to corporate clients around the world. red24 plc has been listed on London's Stock Exchange since 2002, on the Alternative Investment Market (AIM) and has offices in England and South Africa, as well as a presence in the United States and other areas of the world. The CEO is Maldwyn Worsley Tonks MBE, a former Lieutenant Colonel in the British Army. www.red24.com This information is provided by RNS The company news service from the London Stock Exchange END NRAZLLFBKBBEFBF More
04-09-09	Red24 PLC - Renewal of Contract	RNS
RNS Number : 5076Y Red24 PLC 04 September 2009 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." Enquiries: Red24 plc `Simon Richards, Chairman Tel: 0203 291 2424` Mal Worsley-Tonks, Director Threadneedle Communications `Josh Royston Tel: 0207 653 9850` Graham Herring Seymour Pierce `Mark Percy Tel: 0207 107 8000` Catherine Leftley red24 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 principally distributed through leading international financial service companies. This information is provided by RNS The company news service from the London Stock Exchange END MSCUUUGUBUPBGAW More

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