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Strongly tipped by ST at the IC as one of his Bargain Portfolio shares of 2017. Has a ton of cash on the balance sheet and is well set for a major recovery. I think it will blast through £1 over the coming months. So does ST.
Hurrah. well done. So Directors do and can buy. So those that don't and hide behind 'closed consultation' are hiding some bad news I guess.
Rising again
up we go good future... eventually!
A long way from 100p still however improvements coming
"Bye bye 25p.........hello 40"
Watch CROS now people....................back to 35p by week end 45-50 by next month
At current exchange rate 1.3dollar per pound ... This company as working capital of 55m pounds that is equivalent to 38.7p per share so at least 50per cent more than current sp.
Working capital is much higher then current mcap. Good that they are making progress with new app. Very big trades this morning
Commenting on the results, Ido Erlichman, Chief Executive Officer of Crossrider, said: "The first half of 2016 has been a period of transformation for Crossrider. The restructuring programme yielded immediate increases to profitability and cash flow. I am now pleased to present the new company structure and strategy which the Board believes will deliver long term value for shareholders. We believe the transition to a digital distribution and product hub will be a natural and profitable progression for the Group. The transition will commercialise the Company's existing expertise in driving online traffic and the monetisation of big data. Like many online companies, Crossrider, is maturing and finding the best way to utilise its technology and online presence. The Company has already seen a third party product increase its revenue by 125% by launching on our App Distribution platform. This initial proof of concept gives us the confidence that we are well positioned to seize our market opportunities."
70 million in the bank and a 40million valuation ?
POOR RNS. GLUM AGM I GUESS.
I am in
yep what do you make of this mornings RNS?
I was the only person who was posting on CTAG not so long back ! The flock of sheep have arrived!!!
You made me laugh :-) thank you ! Are you invested here ? I've learn't my lesson by investing to early in shares but I think this one has upward movement ! Not many shares available to purchase and worked down for no reason!
I have to say I do admire you for your positivity, possible crazy maybe ingenious.It looks like your talking to yourself. Anyway GL Fingers crossed.
A good morning for myself :-)) My bubbling shares MTL,CROS,CTAG & JLP all Blue.
Results very soon !
This price is the bottom!!! Up from here .... ;-)))
No one mentioned the 1 million share buy and only 50 million on offer !!! Year end results due and £50 million in the bank ??
Code 111 anyone have a clue ????
Another Tedy Sagi share purchase !!!
Why would people sell if very limited shares available and 50 million in the bank ?
Question !!! Share buyback is this good or bad news ??