Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Name change today. Crossrider has become Kape Technologies plc
"Revenues are expected to be in the region of $65.8 million (2016: $56.5 million), representing growth of c. 16% and Adjusted EBITDA for the year is expected to be c. $8.3 million (2016: $6.4 million), representing growth of c. 29%. Strong underlying Adjusted EBITDA growth of c.154%, from core activities, excluding the discontinued Web Apps and License division2, highlights the Group's organic growth and increasingly expansive international customer base for its core software solutions. The Company's balance sheet is strong with a cash balance at year-end of $69.4 million after $7.7 million of acquisition related payments (31 December 2016: $72.1 million). Crossrider continues to execute on its stated strategy to focus on expanding its SaaS operating business model, as evidenced by an increase in deferred income of c. 70% in December 2017 to $3.9 million (June 2017: $2.3 million). This is central to the Group generating high quality recurring revenue streams. CyberGhost S.A. ("CyberGhost"), Crossrider's online privacy solution, has performed ahead of management's expectations both in revenues and profitability following its highly successful integration. This strong performance has accelerated in the second half of 2017, with the continued leveraging of Crossrider's expertise and technology in user acquisition." I'm no accountant, but this sounds great. It continues: "The Company will report its results for the year ended 31 December 2017 in March 2018. The board is confident in delivering year-on-year growth in 2018, in-line with market expectations. Ido Erlichman, Chief Executive of Crossrider, commented: "2017 was a pivotal year in the development of Crossrider, having continued to execute on our stated strategy, resulting in strong financial growth across all key financial metrics as well as successful broadening of our operational reach. "Having delivered strong growth both organically and through acquisition, we expect to deliver further progress in 2018 underpinned by expanding our customer base and increasing cross-selling activities as well as further potential acquisitions."" 2% rise a bit measly.
"Capital Markets Day Crossrider (AIM: CROS) is today hosting a Capital Markets Day for analysts and investors at the Andaz Hotel, 40 Liverpool St, London EC2M 7QN. The purpose of the event is to provide further insight into the Company's activity in the consumer cyber security arena, providing a comprehensive overview on its growth strategy, software development and sector dynamics. No material new information will be provided and copies of the presentations will be made available on the Group's website at www.crossrider.com following the event." With no material new information being provided that looks like a marketing exercise. Great. So many companies seem to just bury their heads: investors are a nuisance. And you don't open yourselves up like this, I would say, unless you are confident in what you have to offer. Encouraged.
Forgive me: Simon has a huge number of recommendations in 2017. I'm not even going to count them, but some look great. That's fine, but most pro traders would see taking all his recommendations as over trading and only benefiting the brokers with lots of commission. I'm bullish on CROSS, but as they say on many of these boards DYOR.
https://www.investorschronicle.co.uk/comment/2017/09/13/profiting-from-cyber-crime He recommends the shares as a strong buy.
Today, CROS is making it's breakout move. Nice and easy though.
Nothing earth shattering about today's results, but they're heading in the right direction. Plus the market has marked the shares up. Tentatively #bullish
Results due on Sept 11th. Is this the date for a breakout or a rejection? Wait and see.
Funny you should say that. https://uk.tradingview.com/chart/CROS/fv6bcCnN-Cup-and-Handle/
Take a look at the weekly chart and you should see a near perfect Cup and Handle Formation. A break up 72p and we could be on the next leg of a reversal to the upside. I'm not invested yet but I'll be watching this with a view to taking a long position...
Ranging since March. Is this the start of the next leg up? It needs to break 73p first.
Nice of you to join us GLevy but it would have been wiser to have loaded up when I first mentioned it at 50p. Its a bit toppy for now. You have to be careful with this one as it is basically a plaything for T Sagi. It has a lot of cash but often that cash seems to be diverted into buying companies that have no history and no known owners. Use your imagination to wonder why. That might not be the case here of course but its something to be aware of. It peaked recently at 70p but has settled back after the IC hype which is always the way. I think its fair value for now as there are risks involved with companies that are nearly 85% owned by one shareholder. Easy to buy but try selling on a downturn and you will find its impossible. As you will know from the other thread I dont feel the need to advertise my preferred buys but my money in this one has been re invested in another which had an undeserved and overdone fall. If your serious about making money and not one of those plumbs from the other place then start using your head not your heart. When I say I have been to such and such and I have spoken to such and such you can rest assured I have. I dont mess about when it comes to my money. Lazy investors do but thats their shout. I expect that other one to be worked all the way down. Puffery at its most obvious. When an SP struggles repeatedly to break through a barrier thats whats known as a signal. In this business there are no conspiracy's , they only exists inside the mug punters head. In this business the obvious is in fact the obvious. Dont ignore it. GL.
Here, GLA
..... just bought at a lower level. Looks a very good company, IC recommended, I like the business model, and I'm definitely looking for some cyber exposure. I just can't see how that isn't going to grow. Do you feel really secure about putting your financial stuff online??
All gone a bit quiet here... I was excited when we were near the 70p mark - what's going on?
This is moving along very nicely. More to come I expect. Been tipped again in this weeks IC as a buy.
This is warming up nicely ahead of tomorrows results. Hardly and shares here that are not held . Over 87% are held from memory. Investors Chronicle say its due a significant re rating. Lets see what tomorrow brings. GL.
Take a look at this, if you are a new investor or looking to invest. Next rns is 14th March. The business model of online distribution and digital products specialist Crossrider (CROS) has evolved since the company floated on Aim in the autumn of 2014, when it raised £46m at 100p a share. The business is no longer solely focused on monetising web and mobile media through the use of big data, but now has an app distribution platform that its customers can use for marketing their own products. The board is also using the company’s cash-rich balance sheet to add to its product portfolio. A good example is Crossrider’s bolt-on acquisition a few months ago of DriverAgent, a PC maintenance software products company offering a leading device driver search and update service, which scans computers for outdated drivers. The product is designed for use with desktop computers, tablets and mobile devices and is compatible with all Windows operating systems. It’s popular too, having been downloaded more than 50m times in the past decade. Before the acquisition, Crossrider had successfully promoted DriverAgent on its own proprietary app distribution platform, achieving a 125 per cent increase in revenue from the product and doubling the monthly average gross profit achieved before launch on the platform. In a trading update a few weeks ago, Crossrider’s directors revealed that DriverAgent has been fully integrated into its own proprietary app distribution platform and the $1m (£800,000) acquisition is expected to be earnings accretive in the first year under the company’s ownership. Crossrider’s web app distribution business also offers Reimage, a patented Microsoft-based product tool that enables customers to clean up their computers. Users are offered a free scan that identifies infected files and then offered the product for $99 before incentives if a repair to their computer is required. I understand that the conversion rate is around 5 per cent, thus providing a decent income stream for Crossrider. The transition from an advertising technology company to one that provides a distribution platform and product hub for companies focused on digital products as well as its own consumer base makes commercial sense. App distribution accounted for almost two-thirds of Crossrider’s first-half revenue of $28.7m, and at sharply higher margins, reflecting more than 250,000 individual product sales. Rising profitability from this segment is being supported by a move to reduce reliance on outsourcing activities and increase direct control over distribution, thus improving customer service and retention rates with the aim of shifting towards a more recurring revenue base. The company’s other main activity has two business lines: Ajillion, a white label mobile ad server for ad networks, and agencies; and DefinitiMedia, a mobile ad network. Ajillion enables ad networks to buy and sell mobile adv
I think that some buys come through as sells and some sells go through as buys. From what I have gathered.
They must of heard me as they just put it back up to flat. It made them look ridiculous and what these market makers have to realise is that this is 2017. And in this day and age investors have live prices at their finger tips and are not fooled by such obvious manipulations.
Interesting large buy gone through for 250'500 shares. Cant understand why the price would drop with that buy on the books. Its just complete manipulation. What with there being only 23.97m shares that are not held by instis or directors, and then take into account that there will be a lot of that 23.97m shares held very tightly then I would hazard a guess and say a buy of 250k shares will have soaked up any slack at all thats out there. I for example hold a healthy chunk and Im holding for the year or £1 as are many I bet. So dropping the price even a fraction is just simply ridiculous.
Yep, I had a read and did my own research, a good pick for sure.
Nice and steady and up is the way. This is probably the best tip out of the Investors Chronicle Bargain Shares of 2017. Its very tightly held with only about 16% of the shares not held by instis. Its making money and results and a significant re rating is due in March according to the Investors Chronicle. It has £58m in cash on the books. I agree with them as it happens . GL.
Results out in March and expected to be good. 83% of the shares are tightly held by instis inc Miton and Teddy Sagi
£58m in solid cash on the books which equates to 83% of its market cap!! IC says " a substantial share price re-rating is in order. Buy."