Member Info for Aphrodite

being launched 1st. November.

"Castleton is looking forward to launching our new solution, developed specifically for Smaller Housing Associations’ at the Smaller Housing Associations’ Conference & Exhibition 2018!
We will be showcasing our new ‘Castleton Community’ solution and the rest of our products and services on our exhibition stand."

Being showcased tomorrow at Digital Housing Conference, where Castleton has a speaking slot.

as anticipated, putting Castleton in a position to announce dividend on 6th. November. Seems probable with EPS then announced, and no point in delay if to be implemented this year, as they said was the intention.

With what we know they've been working on I think we're heading towards quite an interesting operational update at results time. And it's court next Tuesday for reduction of capital in time for divi announcement with results if they so choose. I think they will.

They seem very bullish about it. Not seen language like that about one of their products before. Eighteen months in the making, researching the needs of tenants, and no doubt with input from potential customers. Should know there's a market for it. Sort of thing they might have RNS'd, but we'll see what they say in November, and how it adds to revenue/profit. I hadn't picked up on the hosted only quirk and the particular significance of that.

All good stuff.

"Latest innovation from Castleton is set to change the social housing market". " A game changer "

"Nobody else is offering anything like this solution in the social housing marketplace,” James Massey concludes. “It is a completely different take on the flat representations of data we are used to, offering greater functionality, flexibility and interactivity. It has enormous potential and we will be putting great force and energy into driving it forward. Castleton.DIGITAL is an absolute game-changer – not only for us, but for the social housing sector.”

https://www.castletonplc.com/2018/10/18/lastest-innovation-from-castleton-is-set-to-change-the-social-housing-market/

Yesterday was full day session at DoubleTree by Hilton, Milton Keynes, a half yearly internal sales kicker event headed up by CEO Dickinson, promoting his ' One Castleton ' ethos of joint working.

There was a review of the year so far, and updates from Senior Managers on plans for the next 6 months. These include new products Castleton Community, Scheduler & .Digital, and new version releases of Agile Mobile, Housing, EDRM, CRM, and latest Managed Services offerings and new technology ( we know they were working that up )

Emphasis on working together and with the customer, to improve results for the customer and the company. Pretty basic really, but good that Mr. Dickinson keeps drumming it in.

Castleton updated list of major shareholders.

https://www.castletonplc.com/investors/major-shareholders/

material as part of push in Castleton Managed Services.

Castleton Technology
@CastletonTech
Exciting day here at CMS, filming interviews with our senior management team. Our thanks to
@DowningDunmore
and
@DualityFilmsUK
.
#ITinHousing #Enablingtransformation #ukhousing

Apologies 42Trader. That other one popped into my head. It's the numbers what done it.

2Crazy is right. Market correction. Mxc Smith said a while back that value getting harder to find.

It's also a fact that housing associations and the like have a requirement to use modern technology. And there is a very high, in fact I would say almost impossibly high, barrier to new entrants to Castleton's market, with the general picture being of a trend to multiple solutions from single suppliers and the smaller successful individual supplier being gobbled up by the larger ones. Of course, Castleton has to compete with them, but it's shown it can do so and gone from nothing to 700 or whatever customers. It's now well-established, working with it's customers already on the books ( the main driver, not new customers other than maintenance contractors )and with the cash available and developers on board to give them what they want.
The company is about as 'safe' as you can get, with good opportunity to turn a penny, I reckon.

Despite the good news, somebody decided to take the cash. Nuisance, but very unpleasantly I've seen that before here.

Good news continues at Castleton
Georgina O'Toole, 09:23, 09 October 2018
We'll have to wait another month for H118 results from Castleton Technology. But it looks like the company is continuing on the right track. Today’s trading update tells us that revenue and EBITDA have grown by more than 10% organically in the six months to end September. Other KPIs are also positive: with the cash conversion strong, net debt has fallen over the period from £6.3m to £5.3m.

It has been nothing but good news from this provider of software and managed services to the public and not-for-profit sectors of late. Having bought numerous companies over the years, Castleton has since been building on the position it’s created (see Castleton makes more progress), paticularly in the social housing sector. Now, a combination of new client wins and cross-sell/up-sell success is driving a strong performance.

reiterate 125p in morning note.

As I said on 4th. September, the published 'expectation' for the current full year is £26.3m revenue. On the 'excess of 10per cent' Castleton is on track to achieve minimum £25.63m. of that. EBITDA has grown to £5.61m for the full year. PBT is estimated at £5.1m for the full year. We'll wait for the figures.
For the future, Castleton has a full range of fully integrated products now, with cross selling ongoing and oodles of depth remaining there amongst their 700 customers, and as we discussed have recently started concentrating on migrating those customers to managed services under longer contracts on the back of the referenceability from it's first full suite/managed services takers. There's a lot more mileage to cover than been done yet, and additional products being released, with the only major expenditure to come being on improving their own managed services infrastructure, and ongoing in-house and Indian development work running alongside to ensure speedy time to market.
Incidentally, I was reading that businesses are moving towards having single tech suppliers, for better integration and overall service, rather than struggling with disparate systems from a number of sources. Castleton seems well positioned to compete for that business.
I'm very happy with what we know so far, and see no reason why the sp can't follow the LTIP aspirations. See what they've got to say in November, about divi and more, including how things are going in Australia building on Kinetic ( just got our first full 6 months from them)
All good, looking forward.

Original shares as per prospectus admitted to trading - as stated on TR1.

I see on the website Castleton yesterday reminded us of their past success, as we just concluded the financial period and head towards interim trading update.

"Earlier this year, Castleton Technology Plc were named by the London Stock Exchange Group as part of the 1000 Companies to Inspire Britain. The report, in its fifth anniversary, celebrates of some of the fastest-growing, most dynamic SMEs and high-growth British companies, across multiple regions and business sectors.
To be included in the report, companies had to show consistent revenue growth over a minimum of three years, significantly outperforming their industry peers against SIC (Standard Industrial Classifications)."

"The purpose of the Capital Reduction is to create distributable reserves, which will allow the Company to make dividend payments at an appropriate time in the future."

19th. June 2018 "Given our confidence in future prospects, the Board intends to implement a progressive dividend policy during the current year."

10000 seller. Being absorbed at the moment.