George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I guess to reassure investors that the fall has no substance? It's obvious that one investor is selling at present, Friday saw solid buying but it was offset by a 25k sell at £14.25. Once the seller stops / clears then this will rapidly rebound IMO. Results on 6th March are only 5 weeks away so should be a solid catalyst.
He bought £25k the end of last week. Not sure why he bought so small (for him). He now owns about 9.5% of company
Fingers crossed - the gross margins alone would have it on the radar of many I suspect.
Incredibly helpful and I hope you are right. Thanks so much ShearClass
Appears to be a big seller at the moment, bought an opening position and will add more if it gets to 1400p... It looks very cheap to me. There appears to be quite a few US based private competitors and I suspect a PE bid could be a real possibility and the current price suppression could be part of any bid strategy (so they can claim a larger bid premium).
Gross profit as per the last set of accounts was $142m, operating expenses use $124m of that figure. Looking into more detail at the opex, it breaks down as;
Sales & marketing - $15.3m - could be eliminated by an acquirer combining it with another entity
Client servicing - $17m - could be heavily reduced by an acquirer combining it with another entity
R&D - $37.5m - could be significantly reduced if acquired
Admin expenses - $20.3m - again could be heavily reduced if combined with another company
That's a total of $91.3m, if a PE fund came in I reckon they could eliminate at least 50% of the above which would take adjusted EBITDA to over $100m and PBT likely over $80m.
Based on those assumptions, I think this looks incredibly cheap at ~$700m enterprise value...
With gross margins at >85% and $380m in contracted performance obligations at 30/06/22 I think you could easily make a case for this trading at double the current valuation.
I'm offside on this. But the quality of the business looks very good. Growth area, and recession proof and very high quality earnings.
Does anyone have any insight or view please?
Stock is not liquid. And it trades at a valuation premium because of the high quality high margin repeat revenues... Very attractive target for PE and also corporates... but half year earnings were disappointing today. Good buying opportunity a these lower levels!
Surely a massive over reaction. The update was hardly the disaster this sp fall justifies.
Nearly 1M shares traded today, May see another TR1.
Craneware shares seem subject to big sp movements ,up and down without any significant reason or news. Anyone any idea why ?
No news, but over 7% increase in sp. Anyone know why ?
Back up to £20 now. Any further to run?
War
Hard to find such strong results
I to am searching for an explanation. Shares seem to being dumped in vast numbers,but why ?
Why is this dropping so much when there's no bad news?
seems like some profit taking as sp falls to-day. Time to get out or great future prospects to stay with ?
Hi all, a new article with some thoughts on the recent trading update, and a further look at the financials for Craneware - available here: https://www.thetwentiestrader.com/post/will-cranewares-migration-to-cloud-based-software-be-positive-for-its-shares
Growth through H1 in what was a tough time in US hospitals was 5%. It's OK but I was expecting it to be a couple of % higher from their AGM statement. If they keep the momentum then revenue and EDITDA will be at the top end of analysts predictions for 2021. Customer retention is very good (they had a problem with this in the previous year when they lost a large customer).
'In accordance with Craneware's revenue recognition policy, the majority of the revenue resulting from both new sales and existing contract renewal will be recognised over future periods, providing the Group with long term visibility of revenue under contract.'
So, looking good going forward.
It has moved close to my initial target far faster than expected. I am going to stick with it until the interims and then see what they have to say.
Good luck with CNC it looks interesting.
I’ve sold my entire holding. CRW may well have further gains to make, but I’m happy to bank profits and put some cash back in my portfolio. Needed some cash in the bank as I recently took a large position in CNIC which is another overlooked tech stock I like the look of. Good luck to all holders here.
All looking very positive-
'The first four months of this fiscal year saw a return to strong sales growth, considerably ahead of the equivalent period of the prior year. Results are ahead of management expectations for this stage in the year'
A nice rise over the last few weeks - let’s hope they stay on track now. I bought more @ 1,435 in the dip early October so am now back in profit on CRW. There are no guarantees, but I believe that CRW could recover strongly as we emerge from the Covid nightmare.
Ahead of the AGM, the Company is pleased to confirm a return to strong sales in the three months ended 30 September 2020 (Q1), in line with the outlook released at the time of the Final Results. Sales in Q1 are ahead of the strong comparator Q1 of the prior year.
I have been buying a few more on the drop, so down about 8%. I'm looking for a 50% increase over two years, this needs the price to go back up to the 21/2200 range which seems doable . They will not set the world on fire, but it is a nice conservatively run company whose finances are in a good shape.