Member Info for Aphrodite

No reason why last year's high of 106 will not prove to be the new low, though there is always the prospect of being sold down. In any event, long term holders have the opportunity to sell up/take profit if they so wish.

7 May, 2019
Event Details
Exclusive event for our existing customers who use Castleton Maintain. Open to both Contractors and Housing Associations, learn about our new integrated and complementary solutions designed to enhance your existing repairs and maintenance software.
Event location
Doubletree Hilton, Stadium Way W, Bletchley, Milton Keynes MK1 1ST
9:30 am - 5:00 am

very tight. Smaller amounts now 111.35 buy, 111.01 sell.

https://www.castletonplc.com/news/housing-solutions-ai-video/

Possible also a route to trial for IOT, boilers and all that, with the fibre optics in. Just a thought, with the mobile also IOT ready. No doubt they continue to listen to what customers say they need, and won't go there without a market.

A very confident note from FinnCap. Thankyou. They continue to see this year as an excellent one for Castleton, and it seems from what they say they anticipate a target price raise on results. And the prospect of having the ability to be pretty much debt free in a year. Strategy working, more of the same this year as last.

They continue to pay down debt, whilst at the same time having made a promise on a progressive dividend, which paints a very healthy trading position having been reached.

On the button FinnCap wise, and set to meet it appears FinnCap raised revenue forecast. It does meet their original prior to Deeplake acquisition, expecting £0.2mil form that. Meeting market expectations with EBITDA. As I had hoped and anticipated, with FinnCap now forecasting calendar year 2019 as 'a year to excel'.

Telling in the sense we're on track in Jan and adding Deeplake, and expecting more this calendar year.

I expect an uplift in target price to account for the LTIP aspiration. Looking ahead at this calendar year, I'll just add their one of 10th. Jan to the last. I set FinCaps basic figures out in my post of 9th. March. I believe increasing the revenue forecast on 10th. January may be telling.We'll know a bit more next week if last timing followed.

Castleton Technology
Bolt-on acquisition adds customers and tech
Castleton has now started the year in style with a trio of positive events – after Monday’s announcement of a contract win and the first full solution suite go-live providing referenceability, today sees the the £1.8m acquisition of Deeplake Digital. Cambridge-based Deeplake provides digital customer communications between landlords and tenants, through SMS, email and social media in the housing sector using its own proprietary software, as well as adding 30 new customers to the Castleton Housing Association base. Castleton’s route to growth is being demonstrably delivered and we look forward to 2019 as a year to excel. Target 125p reiterated.
Castleton has acquired Deeplake Digital, a provider of complementary communications management software and the market leader for digital customer communicationtechnologyforlandlordandtenantcommunicationintheUK.
Deeplake has strong relationships with more than 90 Housing Associations, 30 of which will be new Castleton relationships (out of c600, of which Brixx accounts for about 360). Customer retention over ten years has been strong, and the addition adds further cross sales opportunities to the proven attraction of the solution suite.
Annualised revenue of £0.8m (80% recurring) led to £0.3m normalised EBITDA in the year to June 2018. We adjust FY19 and FY20 as shown below, expecting that calendar year 2019 will deliver the improved multiple which Castleton merits given the heartyfree cashflowandalreadystrongnewsflowtostarttheyear.

That's ended the financial year at 96.5p, just above the 95.2p to achieve the year on year target for the first year of the LTIP. Can start on the senior managers next year 40% target now for full vesting.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CTP&ArticleCode=h8tpxxoq&ArticleHeadline=Implementation_of_Long_Term_Incentive_Plan

And announcement of the dividend for the full year.

Gone a long way since the speaking clock. Organisations will do just about anything to avoid speaking to customers if there's nothing in it for them, and save money. Bet the programmers can't wait for conversation between actual humans to end. Still, glad Castleton is there with all the rest of them if there's money to be made.

But I should say it may have earlier uptake, because if I understand correctly it will be implemented at the association end of things, rather than different bits and bobs being installed at tenants premises.

Yes. It shows inñovation and the ability and willingness to provide whatever customers decide they want on a fully integrated basis. It may be a bit like IOT, which never took off in social housing but may yet. The Agile mobile ( Castleton's entirely in social housing this month for free ) is IOT ready for when that has another go at coming into fashion.

Presentation under way with Alexa. I expect some comment with final results as to the extent to which Amazon Alexa will feature in customer service.

I do not know the basis of the options but they amount to only £64k at today's price and 0.08% of shares following admission. So a little boost for certain employees.

Future of Housing Services 2019 Conference in London tomorrow. Castleton hosting session with Housing Solutions on new AI development.
https://www.castletonplc.com/events/future-of-housing-services-2019/
Demonstrating commitment, in collaboration with customers, to stay at the forefront of technological advancement in the sector.

Conference and exhibition starts at Liverpool tomorrow.( Scotland Roadshow same day also ) Castleton exhibiting, and now say of themselves:-

"our combined solutions are used more than any other provider to the sector, making us the No. 1 supplier in Social Housing."

Forget that. I was looking at HL website which only shows 3 large trades. Should have known better. Can't rely on general sites.

Some big trades popped up from yesterday. Guessing, perhaps inter party £475k sell and buy, with both sides later reported to market. But good for us however you look at it.

starting again for this year. Scotland first up.
https://www.castletonplc.com/events/castleton-roadshow-scotland/

Little turnaround during the day today.