The following year, investor optimism was renewed with the emergence of a big name on the scene: Miguel Paes do AmaralThe Portuguese businessman announced in September 2007 that he owned a 10% stake in Reditus, citing the role he believed the technology company could “play in strengthening the technology sector”.
He then recognized the possibility of increasing participation, a scenario that has been confirmed over the years. Pais do Amaral's presence in Reditus has grown to the point where he has become the main shareholder. About 25% of the capitaland to become Chairman of the Board of Directors. However, in January 2018, he resigned from his position as an officer, and continued to be the largest shareholder.
Nowadays, Reditus is a different company, but providing services, both inside and outside Portugal, is still its main feature. It has offices in Portugal and “Many service centers” throughout the country, and in AngolaSpecifically in Luanda, according to information provided by the company itself on its website. Also mentioned is “experience in providing services in more than 60 countries” on several continents. The list of sectors in which Reditus services are used consists of four main areas: public administration, health, communications, media, FacilitiesFinancial services, consumer, retail and transportation.
In the latest market communication, on annual results 2022a Net profit 8.7 million eurosReditus's main revenue sources this year came from: Outsourcing Business Processing, or BPO (€13.54 million, representing 48% of revenue) and Outsourcing Information Technology (€13.27 million, equivalent to 47% of revenue).
BPO area involves providing OutsourcingCall centers and business support. In other words, activities such as customer service and loyalty, mail handling, document preparation, scanning, complaint management, etc. Area Outsourcing Information Technology relates to the market for IT services, projects and infrastructure solutions – the management, administration and support of technology platforms.
The least represented business area was IT consulting. In 2022, its revenue amounted to just €1.38 million, a decrease of 66.5% compared to the previous year.
Election Support and Consular Affairs Services from the Latest Contracts
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Searching the Portal Base allows you to understand more specifically some of the contracts awarded to companies in the Reditus group. The most recent references in the base relate to Reditus Business Products SA. The most recent contracts, relating to 2022 and the end of 2021, are related to call center services during elections or even during the Covid-19 pandemic.
The 2022 legislative elections awarded Reditus some contracts. The latest one available on the platform, as of March 2022, is for services within the scope of the legislative elections of that year, and more specifically for the repetition of voting in the European electoral district. It was concluded between the General Secretariat of the Ministry of Internal Administration and the company for €17,556, by direct settlement under the general scheme. In this context, Reditus also obtained a contract for the acquisition of call center services to support the electoral administration for €21,122.56. There is another contract, by direct agreement under the general scheme, for the acquisition of call center services for the elections, for €94.8 thousand, also awarded by the General Secretariat of the MAI, in December 2021.
The company was awarded EUR 1.05 million through an international public tender by the Administrative Modernization Agency for various technical support services, including the Consular Service Center, the Saudi Arabian Monetary Agency Contact Center, and the Administrative Modernization Support System. The contract will be published in March 2022.
Providing operational management services for the Social Security Line, within the scope of the exceptional measures of Covid-19, has earned Reditus a contract worth €249,000, signed with the Social Security Institute in January 2022, through a direct agreement.
Over Reditus' 37-year history on the stock exchange, the company's value reached an all-time high of €13.70 in the spring of 2000, in the middle of the tech “bubble” (dot com). They have now been expelled from negotiations with A. Price less than four cents (0.036 euros), a Currency depreciation by more than 97%.
More recently, Reditus again showed some strength in the capital market in 2007, before later suffering again from falling stock market indices in the wake of the economic crisis. mortgage. In the past five years, the stock has been worth more than 10 cents only once: That was in August, after the company reported its 2022 results — results that, although a year and a half late, indicated an improvement in operating results.
Bonds quadrupled Within a few days, the company was valued at over €1 million on the stock market – but in the meantime, they had fallen back to a market valuation of just over €500,000.
According to the information available in Website The company, in addition to the largest individual shareholder (businessman Miguel Paes do Amaral, with approximately 25%), has another 10% of the capital in the hands of the Moreira Rato family. More than half of the capital (50.36%) is distributed in the stock market. These investors are now taking the risk of holding securities of very little value, without any return, and which can only be bought and sold on the stock exchange.
Reditus shares have lost almost all of their value in the past decade.
Reditus expulsion, in addition to being new to those who make a living trading in the stock market, also It has no legal framework or legal precedent.The involuntary exit from the stock market constitutes a kind of legal vacuum, as explained by João Santos Carvalho and Daniel Macedo Ferreira, partner and associate respectively at the law firm SRS Legal.
“Exclusion from trading – voluntary or at the initiative of the entity operating a regulated market – does not in itself give the right to payment to shareholders or compensation” since the company is no longer listed on the stock exchange. However, they say:In fact, in certain circumstances, it may grant the shareholder the right to sell his shares in return for payment of a certain consideration.“It all depends on the 'circumstances under which this exit takes place.'”
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