Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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When I was reading it I was positive and saw encouraging progress - BUT when I got to the CFO's report I was concerned when he wrote....
"Due to the slowdown in closing of sales opportunities as described in the CEO Report, and a small degree of churn (4.5%) the annual recurring revenue at the period end was down slightly to £6.2 million since the year end (30 April 2020: £6.3 million), but nevertheless up from this time last year (H1 FY2020: £6.0 million). The contract revenue backlog reduced from £6.3 million at the start of the period to £5.9m at 31 October 2020 but remains well above the level this time last year (30 October 2019: £5.1 million)."
Things are slowing..... I expected the investment in sales and marketing will take some time to materialise - 12 months? If you overlay a 5% churn on the CFO's numbers the second half is going to be tough, and it may not be until next year we see the returns from the investment in sales and marketing.
But you are right - it is a good sound underlying business - it is just not YET exciting. Fingers crossed.
Not sure what the market didn’t like about this update?
Improving revenue
Good pipeline of orders
Good cash position
Low customer churn
High levels of recurring revenue
New products
I must be missing something...........
Surely RDT will get some major business/new contracts/new customers from this situation.....
Nice to see mostly blue !
Very good potential here .......
The deal will not make any difference to RDT's offering as all companies will need to make declarations. No deal could open up additional opportunities though as they have systems to mitigate duty payments as well.
Been trying to get a fixed price all morning no luck
Off out will try later hopefully price has not moved to much!
Good update this morning and well timed.
That makes complete sense.
Does anyone know if no deal actually improves R D’s chances of signing new
clients because it’s services become even more relevant due to the disruption?
Anyone think that the proposed fundraise by Ideagen maybe means that RDT is being lined up by them - would it fit with their portfolio of recent take outs?
Prefer if this was 1 or 2 years down the line for me! Any views on what a take out price would be for RDT 7.5p 8p more?
Could easily double in price in 12 months. Their software RAPID is excellent for supply chains and have done well considering COVID - strong balance sheet I am long on this.
I agree - it is a good company with super clients. BUT I have a concern in that the last proper contract win announced was in January. That is a long time for a tech company. I know there have been about 3 others since then but these announcements where confirmatory - what a tech company should be doing in the normal course of business - looking at them I cannot help feeling it may have been the broker telling them to announce something. Making an announcement about renewals is strange for a SaaS company who would normally have churn of only 5% to 10% - why state the obvious? There is something niggling me - BUT I absolutely agree it is undervalued!
decent company in a good area - data.
Revenues growing , although slightly slower than many would like, good recurring revenues plus a steady flow of new contracts , should make a maiden profit this year and considerably undervalued to its peers.
What's not to like?? Oh yea, the share price!!!
Just topped up on the news ...
Should be a buy , showing as a sell?
Listening to the AGM I thought it was reasonably positive.
Areas I thought looked less clear :
- The Brexit Customs business they bought sounds as if it was a good buy, but the uptick in business that you may have expected has not yet materialised.
- Interest levels seem high but the buying decisions are slow
- I couldnt help feeling that the CFO's presentation was less convincing. He didn't sound comfortable with his forecast - he seemed to be a little bit on a knife edge. Probably relying on something which could tip the balance in his favour if it comes in.
Summary - sounds like a good business but covid has impacted and numbers may be a soft.
You can listen to the AGM here https://www.rosslyndatatech.com/investors/2020agm
Https://martinflitton1.wixsite.com/privatepunter/post/rosslyn-data-technologies-12-09-20
Position taken today just in case. Gl all
great read highly recommend Rosslyn Data Technologies - aiming to treble turnover within three years - Master Investor https://masterinvestor.co.uk/equities/rosslyn-data-technologies-aiming-to-treble-turnover-within-three-years/?mc_cid=bfee19795d&mc_eid=d09ee5a4c5
I'll have a bit of that!!
Nice find Sam
Well written piece which sums up well why I’m invested here.
That explains todays mark up
Using its COVID-19 dashboard, developed from its RAPid technology, users can also identify supply chain risk arising from COVID-19 incidence. https://dailymail.co.uk/money/investing/article-8612119/SMALL-CAP-SHARE-IDEAS-Rosslyn-Data-Technologies.html
I thought interesting but not really enough price sensitive info to merit a rns. At a loss for the reason for it.
Nice update. Shows revenues unaffected by covid19 and building lasting relationships with their clients. 80% of revenue is recurring:)