Member Info for Aphrodite

Wouldn't surprise me if Kestrel were selling some ( as they did this time last year ) Usually at the back of things.

That last should read dividend of 1p per share.

Approaching year end, and if previous timetable followed there will be a pre results trading update early April.
Last year company stated results would be in line with expectations of not less than :-

£23.1 million revenue representing continued double digit organic growth, and
Adjusted EBITDA of not less than £5.0 million.
In the event, full year result was revenue up 15% to £23.3 million (FY17: £20.3 million)
Adjusted EBITDA up 17% to £5.1 million (FY17: £4.4 million)

Castleton has set itself a minimum 10% year on year growth target. Housebroker FinnCap set market expectations. FinnCap forecast :-
Revenue of £26.5 million ( adjusted upward from £26.3 million ) If achieved, a 13.7% increase.
Adjusted EBITDA of £6.3million. If achieved, a 23.5% increase.
Also a dividend of 1.1%.

I just put that up as a reference point to the limited information to be released in April.

He is! The meeting on 22nd. March to instal Kohn has not been cancelled. Sort of interesting - ducks and drakes.

6 and 7 March. Biggest conference and exhibition of the year for tech suppliers in sector.
https://www.castletonplc.com/events/housing-technology-conference-2019/

Few more for the conspiracy!

https://www.marketwatch.com/press-release/united-states-morgan-lewis-advises-connect-airways-and-cyrus-capital-on-acquisition-of-flybe-2019-03-02

With all the recent developments the company seems to be going along well, following it's plan for growth. I think we'll be alright.

Don't know the exact terms, and it's all aspirational, but though they've been up there already I'm hoping it needs to and will be pushed back to 95p at 31st March before looking at next year's FinnCap 125p and LTIP 133p.

22nd. March 2018
'Under the LTIP, fifteen Senior Managers have today been granted options (the "Options") to acquire new ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares"). The Options are exercisable at the nominal value of the Ordinary Shares and represent approximately 1.7% of the current issued share capital of the Company. The LTIP provides for the Options to vest in stages dependent on the share price growth, with full vesting being dependent on the Company's share price growing at 40% per annum over the three year period from a base price of 68 pence, being the share price at the date the Board resolved to establish the LTIP.'

Despite what you say, I have no doubt this represents the current position, with some cash received under the agreement.

"Flybe's assets and operations are now owned by Connect Airways and Flybe flights continue to operate as normal. Following the completion of the sale under the SPA, Flybe Group plc is now a non-trading entity with no subsidiaries and no material assets other than the limited cash received under the SPA, which is required to cover transaction, residual and rundown costs of the Company. It is not anticipated that after meeting these costs there would be any remaining funds available for distribution to shareholders."

Technically, perhaps I should have said "completed agreement with Connect".

But it has already been rescued by the sale to Connect. It is now a disposal of the remaining shell on the books.

Not going to Castleton's or any other suppliers strength in the market, yet another report showing the investor attraction of the UK social housing market in which Castleton operates.( with additionally Australia and ROI )
Bromford brings new American investors into UK housing with £100m deal at just 3%

NEWS
01 Mar 2019
BY LUKE CROSS
Bromford has raised £100m from five American investors at a spread of just 135 basis points over gilts, in a deal that brings another two new US funders into UK social housing.

The 20-year private placement priced at an all-in coupon of 3.01 per cent.

The spread is equal to the pricing of its longer-dated own name issuance last year, but well inside where its public bonds are currently trading on the secondary market and significantly below recent own name issuance from other large housing associations.
Five investors took part in the deal, which was siigned today (March 1) after Bromford completed roadshows in the US, Canada and London last month and presented to 15 prospective funders.

Of the five investors on the deal, two are new to sector, which follows a recent trend of new funders coming into social housing, particularly from America.

Social Housing revealed in January that Network Homes had secured £175m from six American investors, including one new funder.

Bromford’s order book was three and half times subscribed, which the group said highlighted “the strong level of interest from investors despite the prevailing uncertain economic climate and unprecedented difficulty recently observed in the UK markets”.

The latest funding package comes after Bromford – which owns and manages 44,000 homes and has the sector’s leading credit rating – raised £300m from UK sterling investors last year with an own name bond at 135bps, making it one of the tightest HA own name spreads of the year.

The group has also recently completed a three-way merger that has brought Merlin and Severn Vale together under the Bromford umbrella.

Bromford is planning to deliver more than 1,000 new homes each year, with a target of 14,000 homes over a decade. It was announced as a Homes England strategic partner last month.

Then it will all pan out just fine for shareholders!

The point regarding ' disappearance of evidence' is that there is either a diligent investigation into Flybe's affairs by appropriate competent authorities who have the desire, powers and means to secure evidence, or there is not. It appears not.

They will delist first, between 11th and probably 25th. March, subject to FCA and LSE approval. Thereafter, it may fall to a court to determine winding up.

Of course they are. The cash will now go to Connect, who bought it whilst still flying. They did not want a grounded airline, with passengers booking flights and going nowhere. It will take time to assimilate Flybe operations into their own.

," Flybe Group plc is now a non-trading entity with no subsidiaries and no material assets other than the limited cash received under the SPA"

Connect are offering 1p per share for the shell PLC. if approved. If the scheme is not approved, the Flybe Directors intend to take steps to wind-up the Company. There will be expenses to finalise the accounts, and the company warns that holders are likely to receive no value for their shares.

Seen both sides of that one now though - sell and buy both reported.

Yes. Though I thought also it could just possibly be an OTC trade notified to the market by one of the two parties to the transaction. We appear to see a lot of them

Hosting looks to have a mixed bag. Some in his Global fund and others for discretionary clients. None best pleased.