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Gone quiet now, trade wise, but someone seems to have been picking up shares sold at 95p. Used to be 90p. See how that goes.
Castleton Community for under 1000 home providers getting half day ROI launch in Dublin Monday. We know from last video they have a couple takers for that and are optimistic.
And hopeful of something on Managed Services fully hosted sales.

Back below that buy rec at 98p.

Kestrel traded again. Went up a little last holdings on 18th. Sept , in fact went up through 21% at 102p. Since then sold 976034 older shares.

But those are buys at 94.5

Worth a note that FinnCap has actually adjusted pre-tax profit up from £5.1m to £5.6m.

Thank you for posting. Reporters seem to take the view of steady reliable progress.

Make that 98p. But we shall have our down days too, no doubt.

97 to sell. The price at which Mxcp, founder and largest shareholder, sold the final 5.6m shares of its holding back in August, having sold the rest at higher prices and cashed in options for future ventures. Somebody bought them all, looking for a return. Just a thought as we reach this pice again.

In the absence of anything else being pointed out, it could be to do with Cannacord's acquisition of Hargreaves Hale. Anyway, they've gone up through 10% Tuesday.

Can't immediately work that one out - Castleton Major Shareholders gives them 9.14% on 18th. October. So something happened, wrong, or just me.

Cannacord doubled holding from 5% - 10%. We may see the other side of that shortly.

in morning note reiterates price guidance set in June of 125.

We are not alone! " The market" likes it, and can take advantage of the general sell off down from 105.

Some big numbers changing hands. Somebody selling, somebody buying. Good for us with no change in sp.

Can't get into TechMarketView - not a subscriber but no previous probs. Oh well, so here's a summary - no opinion - from Shares Mag.

2018, 09:47Source - SMW
Software group Castleton Technology said Tuesday pre-tax profit doubled in the first half of the year through September supported by revenue growth in its software solutions and manged services businesses.

For the six months to 30 September, pre-tax profit more than doubled to £0.5m from £0.2m a year earlier and revenue grew 20% to £12.9m, while adjusted earnings (EBITDA) rose to £3.0m from £2.3m.

The uptick in revenue growth was supported by strong performance in the software solutions division which saw revenue grow 21%, and the managed services division, which delivered growth of 18% from a year earlier.

Recurring revenues of £7.0m represented 55% of total revenues, compared with 63% a year earlier, following strong professional services growth in the period of 44%, which led to a change in mix, the company said.

Looking ahead, however, the company forecast further growth in recurring owing to an increasing number of multi-year contracts recently entered into, as well as its success in selling products on a hosted basis.

'I am pleased with the progress the Group has made in the first six months of FY19, with the strong organic growth achieved demonstrating Castleton is delivering against its stated strategy. Additionally, new contract wins and the acquisition of the perpetual software licence in relation to the platform upon which Castleton's modelling solution is based further strengthens Castleton's position in the market and offering to customers, said Dean Dickinson, CEO of Castleton.

'The Board remains optimistic about the Group's success and is confident that the growth achieved during the period will continue as we further cross-sell into our customer base. Since the period end, the Company has successfully obtained approval for a capital reduction process which gives the Company the ability to make distributions to shareholders and it is our intention to commence a progressive dividend policy for the full year.'

It's all good and well in line at least. Just waiting now to see what TechMarketView have to say. They generally do a nice little sensible summary. Then I'll have a listen to the company's recorded comments posted earlier.

No surprises, which is what we have come to expect - just following the successful strategy based on cross selling into existing customers with lots of headroom there. But they are plainly looking to bring new products to market, and ensure they remain competitive by constant update of solutions -

"Our contracted backlog of revenue has grown 12% (Software Solutions) and 14% (Managed Services) year on year which gives us good forward visibility. We remain focused on product development with the aim of providing our customers with the technology and services they require to operate effectively and achieve their goals."

Cash conversion now at 102% - and the position for future growth summarised -

"The market opportunity remains large and given the Group's now established position as a 'one-stop-shop' serving the social housing sector, the Board is very optimistic about the Group's continued growth prospects."

I am a little surprised, but not disappointed re. the dividend, having regard to the wording -

" it is our intention to commence a progressive dividend policy for the full year."

Held this price for a couple of weeks since dropping back from £1 plus, apparently as a result of the general sell off. Somebody is picking up any sells at 90p now. Currently at the same price as when tipped as a buy by Investors Chronicle in July.
The company has made operational headway since then, as per previous posts, the 9th. October update was very positive, and we're now closer to implementation of the promised maiden dividend.
Waiting on Tues 6th. November information, and any follow up reporting. There will certainly be comment from TechMarketView, who are following and are so far quite impressed.

Castleton's drive to migrate customers to their private cloud fully hosted and managed service is gathering strength. It seems likely more will be said about that next week.

https://www.castletonplc.com/2018/10/31/journey-to-the-cloud/

and Connected Homes mentioned alongside recently released new solutions. Indications that Castleton has developed its offerings to a position where it is placed to take advantage of any future movement in that direction by customers. Castleton has sound developmental capability, and apparently considers itself ahead of the game.

Castleton Technology
@CastletonTech
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Discussing our #AI capability, digital is not just online and apps anymore, the connected home is becoming the norm and should be part of your #DigitalStrategy going forward
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