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One assumes there is major investor involvement.
Crikey. £465k now at 93p.
And again. Loads changing hands.
Anyway, Castleton Australia looks to be going in right direction. They said when they bought Kinetic they anticipated it would be earnings enhancing this financial year.
We're doing alright. Big delayed, red one there - but we gone up since then, so if a sell somebody picked them up.
In this digital age electronic document storage is probably essential, and mobile would need to at least access a useful level of stored data, so the two would seem to go together.
I think CEDRM might also be a building block in Australia, as it was in the UK.
Thankyou. The price has drifted - but none of that information has seen an RNS. It will feature when results are published. I understand Australia is years behind the UK/ROI social housing market, with their equivalent of housing associations in it's infancy, and Castleton is well-placed to take advantage of growth. I know there are competitors, Civica and the like, yet I sense they are not quite as focused on associations as Castleton, and the Castleton model has succeeded despite their competition in the UK. The initial inroads in Australia with Castleton products, are, as we suspected they would be, through the mobile system. And the Deeplake Australian customers can now come into play.
And the Agile mobile solution comes free end of March, saving £600k a year, in accordance with the licensing agreement with the now defunct 365 Agile. As stated by RNS, there will now be no final 'extra' payment to finalise the licence agreement.
Goes from strength to strength.
4th. January ( I missed this one )
Since the acquisition of Kinetic Information Systems Pty Ltd back in late December 2017, Castleton Australia have grown from strength to strength. Kinetic already had an established reputation for delivering quality software and services, and with the Community Housing sector representing significant growth, we are now able the use the capabilities of the Group to serve existing and new customers better.
Project news
Based in the capital, Canberra Housing Company have commenced an implementation project of both our Housing and Agile solutions. Canberra join a number of other implementations scheduled for go live in 2019 including Community Housing Ltd and Housing Plus. This comes off the back of a busy end to 2018, which saw the team assisting Link Housing with its stock transfer project and undertaking a re-implementation of Compass Housing’s Housing solution. Furthermore, the Castleton Agile solution looks set to transform Community Housing in 2019! Six customers in January alone are set to integrate the mobile solution.
Staff
Russell Budgeon returns to the fold and taking up the reins as Product & Delivery Director. Russell brings with him a wealth of software implementation and housing experience and will be instrumental in leading the operations team and is it continues to grow. The new year also welcomes new roles within the company, including a Technical Consultant, who will play a pivotal role in the deployment of Agile.
Sydney office
Castleton Australia recently re-located to new offices, based North of Sydney. Our office has already played host to a number of meetings and demonstrations with our customers, partners and prospect customers.
And another similar delayed shown at 1628.
The price has drifted, but that is not unusual and provides opportunities for those who take a positive view of the company, bearing in mind there has been nothing other than what can be considered favourable reporting. The future price level will depend upon the figures, and in that respect the pointers are to improvement when the company next reports.
And there's a biggie, at 0940.
Back into conference/exhibition mode, with their increased range of fully integrated solutions. Manchester today, and others quickly following. It's on their website.
https://www.castletonplc.com/events-3/
down with time.
Big write-up in the trade magazine today, with the company pushing their private cloud, but nothing really new beyond what's been posted already.
January 22, 2019
Castleton to deliver new Hosted Desktop to Circle Voluntary Housing Association
Castleton Managed Services is delighted to announce that we will be working with Circle Voluntary Housing Association to provide them with a new hosted desktop managed IT infrastructure.....
Castleton will provide a cloud managed desktop as a service hosted in Castleton Tier 3 data-centres complete with business continuity via Castleton’s leading backup and disaster recovery service and a managed service desk which will deliver support and service improvements to the Circle user base both remotely and onsite. The contract, which has a duration of five and half years, builds upon the existing relationship Castleton has with Circle, who currently use six of Castleton’s social housing software products.
Castleton’s ethos is to build long-term customer partnerships, working with our customers, as trusted advisors, this ensures we not only deliver on the services needed today, but constantly identify and recommend innovations, efficiencies, and cost savings.
John Hannigan, CEO for Circle, said: “We are delighted to enter into this contract with Castleton to provide the managed service offerings. Castleton demonstrated to us the best offering in the tender process and the best pricing. We are already using a range of their software products on a hosted basis, which gave them good insight into our business and we see the combined offering significantly improving our operational capability”
They're doing the Housing Technology Conference in March:-
Cluid Housing Revisited: An integrated technology partnership built for the future
Speakers: Ronnie Maher, IT director, Cluid Housing, and James Massy, COO, Castleton
At the Housing Technology conference in 2017, Castleton and Cluid Housing unveiled their exciting business transformation project to peers. As promised, we are delighted to now share an update on the project’s progression and the outcomes for Cluid, who have been live with Castleton’s complete, integrated solution since November 2018. It has been a hugely significant project for Castleton and Cluid alike; having produced a future-proof, scalable solution, specifically for the Social Housing sector.
Also showing off new solutions and new branding.
Yes. It's not as though they're buy or sell signals with Castleton - provided shares are picked up by somebody as the picture has been here more a question of facilitating a profit and support at a higher price,
We shall have to wait as usual for any notification, either way. But I prefer to see a wide range of institutional support. As long as the company is performing, that aspect will hopefully take care of itself. On the matter of buy and build you mention one can put the partnerships, as with Glantus and PIMSS, alongside the acquisitions, as they enhance the Castleton offering, albeit also to the partner's benefit.
Over £500k in blue today, though a drop on the ask. Some big money involved there, so potential for major participation.
Touching on your last, my understanding is that Deeplake has Australian customers, The four key staff only are coming with the rather legacy technology, and the product will now have Castleton's developers and additional marketing clout behind it as it is assimilated easily into the Castleton full suite of fully integrated products.
The buy and build's still quietly ongoing, adding customers and solutions. And Kinetic a year ago opened up Australia for Castleton products. All takes time to work through.
They have a cunning plan, so far it's paid off, and they're sticking to it, improving company status in what seems a thriving market. The aim is obviously that acquisitions, partnerships, development work, and all that translates into cumulative contracted earnings over future months and years. I can see that working out just fine.
Thankyou for the updates. All the developments mentioned recently have made no difference to the share price. But they go to strengthening Castleton's position in the marketplace as a mature and comprehensive supplier of fully integrated solutions, increasing its ability to successfully tender for future contracts. The company will still be implementing the previously agreed contracts ( the contracted backlog mentioned in November ) alongside creating the future cumulative revenue streams, giving steadily improving forward visibility of earnings. I prefer to be cautious, but Castleton and FinnCap show confidence, and so on the face of it there is no reason to believe market expectations will not be achieved, or that the 133p LTIP target for next financial year will not be met - that will depend on the figures.