Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Do more than housing in Australia apparently - from a recent job advertised in Sydney - "Our Australian team deliver software and services to clients in Australia and New Zealand, with a range of clients in the Community Housing, Agriculture, Manufacturing and Retail sectors."
Actually, we been dropping back rather than consolidating over most of the period. But I agree it's showing strength here of late with everything being picked up. And that's a lot of cash in one go. May get an RNS, one up one down, but I won't hold my breath.
You're right about consolidating at this price - at least £990k changed hands at 99p. You don't buy that much without somebody making enquiries, finding out about future prospects.
It's on the website now. https://www.castletonplc.com/news/castleton-chosen-as-national-housing-federations-preferred-supplier-for-housing-management-solutions/
Looks very much that at least they will be increasing customers across the smaller associations.
Who is to say they will not? Consolidation around this price has been going on for ages. All that is needed is for the cloud managed services contracts to start coming through - assisted now by NHF. We know this will be better second half. They have said so.
Well, they will have to go some in the second half to get FinnCaps £1.25, let alone senior line managers entitlement under the LTIP. But NHF's direct support must give them an edge over competitors.
Thank you. That will prove important. I have looked it up. The NHF represents housing associations in England and has more than 900 members who own and manage more than 90% of the country’s housing association properties. This is a great endorsement for Castleton, as I imagine associations will take Federation advice on the most trusted, cost effective, supplier when considering technology requirements, or going out to competitive contract. I take it as a 'tip' for future opportunity and contract success. It reinforces my decision to hold.
Here's some very good news for Castleton, and not so good for competitors - Castleton announced today as National Housing Federation preferred supplier.
https://www.housing.org.uk/offers-and-benefits/services-and-benefits/castleton-technology-plc/?utm_source=hootsuite&utm_medium=twitter&utm_term=&utm_content=services&utm_campaign=Castleton
No change in price as a result of trades shown, so what's showing all gone to somebody. Nothing to say here really, til somebody tells us something.
I believe my post of 3rd. August applies - and we are approaching half year end, with signs the 98p sales are being consumed by someone.
Disappointingly quiet here and has dropped back. But I remain confident in the ability to secure cloud managed services deals, the 7 live tenders, for the new facility, which if RNS'd would set us on the right path again. And cross selling bread and butter will be ongoing adding to the cumulative repeat revenue. We wait.
All resolutions passed, including the small maiden dividend.
Final Dividend
"Shareholders are being asked to approve a final, maiden, dividend of 1 pence per ordinary share for the financial year ended 31 March 2019.
If approved, the final dividend will be paid on 23 September 2019 to all shareholders who are on the register of members of the Company at 6.00pm (UK time) on 23 August 2019."
BGF deciding to take up another 2%. They are very unlikely to do other than hold or increase now I think.
There have been many such transactions, through FinnCap, permitting liquidity and opportunity for significant holders to trade between themselves without impacting the share price. We are well-served. The price is where it was a year ago, though it has achieved 30% over 2 years. Dean Dickinson has warned that seasonality ( I have no idea within this business ) will mean earnings and cash flow will be stronger in the second half. Taking that on board, this half year will result in an 'in line with expectations' set. But that does not necessarily mean the price will not advance. I am hopeful that this half will show progress particularly on cloud migration and the ' 7 live tenders ' , earnings flowing through during the second half.
Those may be double-reported. Anyway, at least £500k sold and bought, maybe twice that. More shares starting again, with no damage to sp.
That is good news for private investors - a widening of the major shareholder base, at this price, regardless of identities.
Big shareholders sorting themselves out through FinnCap.and reporting to market. £2m plus at £1.
Toddling along with a few pounds changing hands. All waiting for something to drive the next leg.
Cannacord 15000 or so shares down on reported holdings.
There's also this one, now on Castleton website https://www.castletonplc.com/news/housing-technology-grand-unions-1m-castleton-infrastructure-deal/
And we wait to see the outcome of the seven live contract tenders mentioned by Mr. Dickinson, and perhaps something on cloud uptake - alongside cross selling of solutions.
Grand Union’s £1m Castleton infrastructure deal
Castleton Technology has embarked on a four-year managed service project at Grand Union Housing Group. The project is valued at around £1 million, with the initial cloud and uni ed communications implementation expected to be completed by August 2019.
Simon Penaluna,?IT Director, Grand Union Housing
Castleton’s multi-cloud approach for the housing provider includes an ‘edge’ systems refresh, private-cloud hosting in Castleton’s ‘tier four’ accredited datacentre, public- cloud hosting of Microsoft 365 and Microsoft Uni ed Communications.
To ensure a robust infrastructure, all these services are secured with Castleton’s backup and disaster recovery platform, all connected via a new software-de ned WAN and wireless LAN. As part of Grand Union Housing’s move to a more modern working environment, sta hardware is being refreshed
with around 200 state-of-the-art Dell laptops, managed by Castleton’s mobile device and user environment management solutions.
Simon Penaluna, IT director, Grand Union Housing, said, “Castleton’s IT and network infrastructure will set us up for the future, enabling us to achieve our ambitions and our ‘customer
2020’ strategy by allowing our sta to work in an agile way on an e cient and resilient technology platform.”
Dean Dickinson, CEO, Castleton Technology, said, “After our recent £1 million investment in developing our datacentre facilities, we’re in a great position to ful l our customers’ demands for robust, exible and scalable multi-cloud platforms. This new project with Grand Union Housing absolutely demonstrates this capability.”
Paul Sexton, CTO, Castleton Technology, said, “With concerns around security, latency, vendor lock-in and cost-control, there is a desire for organisations to have a more balanced distributed workload across edge, private cloud and public cloud environments through a multi-cloud deployment. This ensures the greatest RoI from their IT spend and mitigates the risks associated with individual clouds.”
MOBILEWORKING?Castleton adds Localz
‘Find My Engineer’ solution
Location and mobile technology experts Localz have been announced as a new so ware partner for Castleton Technology, with the addition of its ‘Find My Engineer’ solution to Castleton’s existing suite of housing so ware.
Ian Stewart, commercial sales manager, Castleton Technology,?said, “With an average of 20 per cent failed appointments and each failed appointment costing up to £100, it is vital for housing providers to reduce the wasted time and costs associated with
these failed appointments in order to improve services for their tenants. Our partnership with Localz will help our customers achieve this objective.”
The ‘Find My Engineer’ solution provides the ultimate transparency by giving customers access to real-time location tracking and ETAs when the operative
is on their way. Localz research shows that 65 per cent of consumers say that viewing their service provider’s ETA is the most important feature on a service provider’s mobile app.
Housing providers using the ‘Find My Engineer’ solution will also benefitfrom reduced inbound calls to theircall centres, such as frustrated tenants asking, “My loo is blocked but I need to pick up my children from school – what’s the ETA of my plumber?”, and replacing it instead with a real-time map tracking their engineer so they can see if they’re 10 minutes away or 2 hours away.
Localz customer portfolio includes British Gas, who achieved a 17 per cent increase in the rst-time access rate of its engineers through the Localz platform.
Charles Bullock, partnership director, Localz, said, “Localz’s new partnership with Castleton Technology demonstrates its ongoing drive to innovate. The integration of our ‘on my way’ technology into its housing management solutions offers not only increased productivity savings for its housing customers but also a great customer experience for those housing providers’ tenants.”
The trade mag, out today. Couple articles re. Castleton. Not new to us, but being brought to attention of IT managers. I'll put them up anyway.
Another two sets, different volumes. So perhaps £618k worth there. Seller and buyer doesn't really matter. Point for pi's is they're starting again at this price.