Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Great RNS and contract wins for CRDL and STG Today should see a strong last hour on close
Hopefully more trials than Donald Trump this year.
Positive news - regardless of all the buzzwords ! :)
Yes, it's another trial / Pilot?
I just loved the Chairman's words on the "update" that wasn't :)
"We are very confident in continuing growth for current and future years and also comfortable with our cash position. We have world-leading AI technology and a unique approach to automated delivery which underpins our ability to scale the business while maintaining a minimal cost base. Everyone at Cordel is focused on delivering long-term value for our shareholders."
"world-leading AI technology" developed while maintaining a minimum cost base :) I always find it amusing that so many AIM investors fall for this drivel all the time.
Any thoughts on the APAC customer with 4000 km of rail? Thailand?
Chris Gorman doesn’t seem to be with you on this one by the look of the TR-1.
Have just speed read the financial report. Loads of read flags IMO. Debtors, audit report, funds flow, headcount numbers etc. Am I alone?
Starting to get some visibility into the numbers and a bit of momentum. A few buyers turning up. Roll on
Making good progress on contract wins but the shareprice is on it’s lows. I think the market is still not convinced about the revenue and profits, the annual results are due any day now and will highlight key financials. Once significant contracts are won and ongoing revenue is established this will make a solid business, but we may not be there just yet. Not holding but waiting to see how things develop.
Constant positive feed of news and evidence that the partnerships are starting to deliver. Mexico is a growth story for the next decade or so. Roll on…
Seems a good trading update with >30% rev growth. Be interesting to see the detail when its released. Roll on.
Good news with the contract extension in Oz. There is a real global demand for Cordel's offering.
Nice to see a director buying a good quantity of shares.
More good news with further validation of Cordel's offering,
Today's rns, announcing the appointment of John Davies as the new CEO, is probably the best outcome for Cordel. Therefore shareholders should be happy enough today.
Like many on here, it was a case of when the fundraising was going to happen. The recent Amtrak order being the ideal opportunity. Cordel had made it clear that they were keeping a close eye on the cash, working from home etc. Surprising that they have raised twice as much for expansion rather than working capital. That does suggest that once the LIDAR equipment is installed following a contract, cash generation is following fairly quickly. Also that the Amtrak contract is going to open the door to many others. Definitely a hold for me.
Not sure my view changes much. The contract award confirms market interest in this technology. However, the red flags continue with poor reporting designed to hide true position of this company. The published interims continue to raise questions - still no sign of any deferred income within creditors or accrued income within debtors. A reading of this could be. that Cordel are invoicing on a transaction model monthly if they have any material SAAS revenues at the moment. My guess, is that SAAS or transactional revenues at the moment are very small. What we need is information on contract renewals, this allows us to access if the company are close to 'Product Market Fit'. Essential for growth.
At least a few specific numbers now - do they improve your view on Cordel yet?
Very good news this morning. This Amtrak contract will no doubt open many other doors across the World. The recent move by Nick Smith to focus on selling Cordel to Europe and the Middle East suggests shareholders could have even more good news to come from these regions, later this year.
Definitely one for an ISA account.
Some numbers as well that look exciting. Roll on.
"We are pleased by the market's recognition of our technology advantages and confident we will add new contracts as 2023 progresses. "
ATB
Nick Smith obviously wants to focus his energy on expanding Cordel's global reach, so probably a positive. The interim CFO John Andrew Davies has plenty of business experience, therefore no worries about that.
With regard to Robert Lojszczyk CFO retiring, it looks like he has ties to Australia, which possibly had a bearing on his decision. His retirement does not look like a rushed shock decision, note the handover period in April. It would appear therefore that Cordel just waited until a suitable replacement had been lined up before making any announcement.
Timing looks really odd. But..............the old Maestrano float guys are still there and in control, really not a good sign.
and a bit of buying for once
Seems like partnerships continue to work well with expanded scope being put in place again.