Rosslyn Data Management Trading Update: reset expectations slow then Rapid?

Rosslyn Data Management (LSE: RDT) 4p Mkt Cap £14m. Its New Year Trading Statement was mixed. It highlighted that 2021 was a transformative year. It raised market £7.3 m in May 2020 at 5p, with its new brokers Cenkos which, at the time, was a 5.3% premium. The funds were to increase the sales and marketing effort to accelerate the growth of sales pipeline of the Rapid  (Supplier Master Data Management) which with post Brixit longer supply chains was set to be in strong demand.  RDT  was expected to build on its £36,000 positive EBITDA.

The finals to April 2021...

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