Added to YB: 2025-12-11
Pitch date: 2025-12-05
RCN.L [neutral]
Redcentric plc
-4%
current return
Author Info
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Company Info
Redcentric plc provides IT managed services for public sector and commercial markets in the United Kingdom.
Market Cap
GBP 199.1M
Pitch Price
GBP 1.25
Price Target
N/A
Dividend
2.88%
EV/EBITDA
8.27
P/E
76.22
EV/Sales
1.79
Sector
IT Services
Category
special_situation
AIM A-Z Part 27: Data Centre Disposal, High-Growth IPO and Engineering Services - Watchlist: Redcentric plc
RCN.L (watchlist): UK IT services provider selling data centre segment to Stellanor for £115-127m EV in Q1 2026, receiving ~£100m cash. Will reduce £40m net debt, buyback shares & reinvest in higher-margin segments. 90% recurring revenue, £67m H1 rev, £9.1m EBITDA. New mgmt focuses on growth/margins. Watchlist pending strategy details.
Read full article (1 min)