Member Info for Aphrodite

In passing, and of no new consequence to investors. Housing association market here to stay. Enough cash for housing will always be tight, hence the need to make savings and increase efficiency through technology.

https://news.sky.com/story/theresa-may-calls-for-end-to-social-housing-stigma-as-she-pledges-2bn-for-new-homes-11501775

Kestrel now has 171252 more shares than it had last holdings RNS on 20th. August. They buy and sell.

It'll be based on Kypera - operating in Australia and UK in housing and commercial sector on acquisition. That's where the 20years comes from

More on Castleton website on that. Not a contracted solution update it appears, but a substantially new product.

https://www.castletonplc.com/2018/09/14/here-comes-housing-2019/

I anticipatemore about that and other solutions with the interims, along with the dividend.

That is part and parcel of the partnership with Glantus, never announced in any RNS that I recall, but appeared on Castleton website and just a little press.
https://www.castletonplc.com/2017/12/12/castleton-glantus-partnership-announcement/
https://www.irishtimes.com/business/technology/irish-software-firm-glantus-joins-forces-with-castleton-technology-1.3326453

New launch yesterday

Joe Keating
@joekeating0
·22h
Today marks the launch of the
@CastletonTech
HousingBrixx Strategic Planning products embedded Data Analytics, powered by
@GlantusLtd

Pre-release training.

We’re hosting a series of internal HOUSING 2019 product launch sessions- the upcoming new version of Castleton Housing! Sales & Implementations staff will be learning about the new features ready for release to customers.
"It’s about tailoring the user experience for each customer, the software has the flexibility to do this & can be configured in any way required, create your own interface by tailoring the features available”- Gary Wheeler, Dev Manager for Castleton Housing 2019.

With the court date being on 23rd. October, looks sensible to release further details of dividend together with relevant results in early November, if last year's timescale followed.

In support of that, at that time in February MXCP held 25.4% of the company, with buyers needed and found.

There is no doubt in my mind though it's wrapped up in a certain way with other things that holding and potential investors brought pressure to bear earlier this year, when MXCP were paid off and all evergreen options removed.

Prearation for dividend, and finalising the pre-emption rights discussion on which there was previously some dissent from major shareholder(s).
Their bag again.

Not really. If you want to delve back into ancient history, and beyond recent Raleigh summary, matter for you I think. Recent RNSs are where we're at, last results on.

Yes. Well, after all that I got limited options, and I'm holding.
The rest is their bag.

I already get all that, with the profit planned to increase as a percentage of revenue. The benefit of much of it, including the one-offs, will have greater impact next financial year if all goes as planned. As previously discussed, there's also the BGF loan notes for Kypera to deal with at some stage, costing £125k minimum a year on the £2.5m outstanding. They'll have that in the mix too, with Castleton able to redeem January on.
Mr.Dickinson and staff will know the importance of keeping the contracts - we know from the sales meeting and from the Castleton Conference that ' from now on the customer will be at the centre of everything we do.' The LTIP should help in keeping the senior managers up to the mark. And Mr. Dickinson got £185k worth in here,( doubled his money ) with 2.4% in growth shares and other options. No longer evergreen, which was done away with when MXCP paid off, the better to appeal to investors, and backed up now by the future divi.
He's earning his options, which is I suppose what they're about.. Done well and sustained since he took over, and his pay is a relative pittance at £65k.

Incidentally, we now know that just under 3% of MXCP shares went to Old Mutual, but no idea of who had the other 4%. So I assume they went to holder(s) under 3%.,

On the matter of figures, the published 'expectation' for the current full year is £26.3m revenue. The revenue seems achievable, representing an increase of 13% with Castleton said to be targeting a minimum 10%. I pass on the rest. We shall know a lot more in October/November.

Boku’s EBITDA transformed at half-year
Peter Roe, 10:25, 04 September 2018
logoAll looks set fair for Boku, the Direct Carrier Billing business, having reported a US$5.3m swing in EBITDA over the first half of last year, returning a positive US$2.5m for the six months to the end of June. Reported revenue was up 66% to US$16.9m, with total Payment Volume up 153% to over US$1.5bn.

Boku has continued to increase the number of connections into the App Stores and delivery platforms of major digital merchants (like Google, Facebook, Spotify and Apple) to 127 (up from 107 at the end of December) and the pipeline for further connections remains strong. The increasing number of connections have an annuity effect, securing access to a large number of potential subscribers in a digital market which is itself enjoying a double-digit growth rate. Boku has momentum and scale, driving low transaction costs and increasing the attractiveness of the company to global players.

Transaction volume and active user growth and a broadening customer base is also supporting Boku’s Optimise operation which uses data analytics to maximise customer spend and lifetime value. Boku has also introduced its Identity offering, enabling more accurate and up-to-date identity checks for system users, accessing the data of the network operators to reduce fraud, adding to Boku’s differentiation and value proposition.

Analysts are looking for US$34m for the full year, a growth of 40%, positive EBITDA and a strong cash performance. The cost base looks under control and the infrastructure has been scaled to support the medium-term volume growth expected. Pre-tax losses were dramatically down for the first half, to US$0.6m from US$6.6m, so at the end of 2018 the company should return a significant improvement on the reported US$28m pre-tax loss last year. Boku is making substantial progress.

That must be a benefit. I am waiting to see what it pans out as. With things going as they are, and profitability rising, with a new push into Managed Services, and cost based stabilised and some regular costs dropping away, I thnk the next 18mths will be productive.
And the LTIP will not in the boards view have been set at unattainable levels, or it wold be counterproductive. They want to keep the best of .their staff.
We shall also get a full period from Kinetic, which will help a little - it was 4 months out of the last 12 month period.

That's convenient. No point in paying any more than necessary to 365 Agile. Though strictly they still have the mobile for other sectors, whatever that might be worth.

That is spot-on operationally. And measured otherwise. It is inadvisble to go too far down the road of forecasting results. None of us are in a position to do that. Slow but sure progress is the goal - achieved so far, and no reason apparent why that should change. I would add that working with customers already on the books, should result in sales at lesser cost, with profitability increasing.

It's all in the RNSs. It's on your watchlist. Can you say what you're watching for in particular?