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@Walkley please stop spreading misinformation to suit your historic agenda.
Here is a quote from you from last October:
“ As I have explained previously - I was mislead by the "contract wins" announced by Wandisco and lost money.”
Results due shortly will show $6.8m T/O in 2023 (30% down on 2022) - $2.2m in Q4 - and apparently no new significant contracts . Why a business with an annual turnover of less than £8m (running rate), with cash overheads of £5.3m in Q4 should be valued at over £75m is beyond me!
Let’s hope it’s not too long as it almost looks like people are loosing confidence especially with the good runs elsewhere!! I expect people are thinking their money will grow in other places . I do have confidence in Mr Kelly ,so let’s hope he delivers and makes up for this.. now in the red too .
As per RNS -
Investors should expect the preliminary full year FY2023 results update between mid-March and mid-April 2024. Cirata will provide full year 2024 guidance for both bookings and December 31, 2024 year-end cash balance in the earlier of the Q1 Trading Update or the FY23 preliminary results. An in-depth review and commentary of the Turnaround Plan will be provided in the FY23 results.
An unaudited version of the "KPI tracker" will in future be posted on the Company's website as soon as practically possible after the closure of the quarter. We will continue to provide quarterly trading updates throughout the year as soon as possible after the quarter close.
@pearls - I think they suggested “mid march to mid April”
Anyone know what the criteria is for a “material” win to be announced outside of quarterly results? I’ve emailed the company but haven’t heard back.
for what it’s worth I do still trust Kelly to turn this ship around however certainly would have expected a couple of “material” new wins announced in the first quarter. Maybe we are close?! Here’s hoping.,,
Does anyone know? It must be imminent……
Stephen Kelly has a strong track record of building shareholder value. Couple this with the fact that he is a shareholder in the company and I think the future is bright. Mr Kelly is also very well connected and Cirata have a CEO which would normally be out of their league. Stephen has led some of the largest (multi billion) tech companies so for him to commit to Cirata he will see a huge opportunity and have a vision/plan on how to capitalise on it.
And me on both !!!
Nobody knows but i’m very confident in this share. Didn’t think we’d see sub 68p again though. Today has put me in the red.
That’s all well and good , but this baby is weighing down my portfolio, so would be nice to not feel like being strung along.Does anyone think things will change after the next set of results?
Hi Folks, From my experience of working with Mr Kelly (CEO) he will be promoting a message of positive momentum within the company. He likes to report quarterly as this also builds a need to execute with delay or as Stephen says “Flawless execution with laser like focus”.
Maybe Contract wins will only be announced via their quarterly figures, idk. I find it hard to believe there hasn’t been any contract wins of note since Natwest.
From last update RNS results should be here in next 2 - 3 weeks. Would be nice to have seen a large contract this quarter, doesn't look like that has happened.
...
Investors should expect the preliminary full year FY2023 results update between mid-March and mid-April 2024. Cirata will provide full year 2024 guidance for both bookings and December 31, 2024 year-end cash balance in the earlier of the Q1 Trading Update or the FY23 preliminary results. An in-depth review and commentary of the Turnaround Plan will be provided in the FY23 results.
An unaudited version of the "KPI tracker" will in future be posted on the Company's website as soon as practically possible after the closure of the quarter. We will continue to provide quarterly trading updates throughout the year as soon as possible after the quarter close.
Cirata has become a share you open for a second and flick straight off ‘yawn’.
The shares are holding up better than expected
It’s an expensive stock but clearly some of you believe
With all those red trades today how did we manage to finish in the blue? I’m finding quantum physics easier to understand than this share!
We’re due results within the next 2-6 weeks, until then it will probably stay stagnant. i was really hoping for traction this week. CEG news softened that a little though. GLA
Share price falling again. There is something preventing this rising that we are not privilege to. This lack of transparency and lack of any news and the company’s stance on not announcing smaller contracts is concerning. It was almost promised that big contracts would be forthcoming. It would help confidence if other directors would purchase or add. I never expected it to rocket but did expect the share price to be above £1 by now. Obviously RG knows something which I wish he would share. I am of the opinion a buy out is coming albeit at a price far lower than most want or expect.
Something wrong here which is, I guess, the reason why the shares fell a bit yesterday. Mr Griffiths shareholding only increased from 20.63% to 20.8% according to the latest RNS - this completely fails to explain the recent large purchases of roughly 7% of the stock.
Someone else must be quietly buying up the shares, who is it?
He’s at it again…
5.19 RNS
Morning everyone -
Hello again Pearls ….
Do we really think a takeover is on the cards? Shareholders holding at March last year before the eye watering downgrade & suspension would not be best pleased to see their £13/14 per share investment sold off for pennies or even £1+ and there are too many milestones to go on Fixit Road before Sellit Street even comes into view.
Kelly has set a four year timeframe to be world leader ( see last update interview) - he’s not going to let it go before then.
I’m a post suspension holder so have not had a day underwater here but even I would be disappointed in a takeover at this point. There is a lot to be gained by staying the course and the rewards are potentially whopping. Selling now would literally be a sell out …. Imvho.
Who would be the Takeover contenders?
No idea, but it is definitely the wrong RNS and does not account for anything like the level of turnover on Friday.
What's that about?