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Pin to quick picksCordel Group Share News (CRDL)

Share Price Information for Cordel Group (CRDL)

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Share Price: 4.55
Bid: 4.30
Ask: 4.80
Change: 0.00 (0.00%)
Spread: 0.50 (11.628%)
Open: 4.55
High: 4.55
Low: 4.55
Prev. Close: 4.55
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IN BRIEF: Cordel raises GBP1.7 million to support Amtrak contract

Fri, 31st Mar 2023 15:02

Cordel Group PLC - London-based artificial Intelligence platform for transport corridor analytics - Raises GBP1.7 million from placing of 28.6 million shares at 6 pence each. The new shares represent 14% of Cordel's enlarged share capital. "We're delighted with the overwhelming support from UK investors for our USA expansion strategy, as we build on the success of our Amtrak contract," says Chair Ian Buddery. Earlier this month, Cordel said it was awarded a USD6.7 million contract by US intercity passenger rail service provider Amtrak to supply a software suite for survey and clearance management.

Current stock price: 6.16p, down 1.5% in London on Friday

12-month change: down 32%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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2 Apr 2024 14:28

IN BRIEF: Cordel set to meet full-year revenue expectations

Cordel Group PLC - London-based company, whose flagship platform uses artificial intelligence to supply transport corridor analytics - Says it is confident in achieving its full-year revenue expectations for the financial year ending June 30. Its financial 2023 revenue was GBP3.0 million. Notes that the delivery of its USD6.7 million contract with Amtrak, the national rail operator for the US, which was signed in March of last year, continues to make good progress. Chief Executive Officer John Davis says: "Our sales team around the world is working hard towards our 30 June objectives, while our technology team continues to deliver high quality, on-time results to customers. New product development continues at pace, with a particular focus on automation and refinement."

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2 Apr 2024 12:35

Cordel reports solid operational progress

(Sharecast News) - Transport technology specialist Cordel Group said in an update on Tuesday that the $6.7m contract with Amtrak was progressing favourably.

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11 Mar 2024 12:17

Cordel finance chief to take six-month sabbatical

(Sharecast News) - Cordel Group announced Monday that its chief financial officer, Thouraya Walker, would be taking a sabbatical of up to six months.

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11 Mar 2024 11:31

Cordel names interim CFO as Walker takes six month sabbatical

(Alliance News) - Cordel Group PLC on Monday said its Chief Financial Officer Thouraya Walker is taking a sabbatical for up to six months.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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