Member Info for Aphrodite

on 1st. November. 'Castleton Community'. Whatever it does, it seems geared to bringing the smaller associations that they have not previously targeted into play.

"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.
Together, smaller housing associations make an enormous contribution to UK housing. However, too often your story goes untold."

pricing gone through a change for now. 104 to sell, 104.125 to buy.

We know Castleton aims to better the competition in it's products - there are several new mentioned recently. We know they have Indian developers contracted to speed things up, but they're also advertising for another 3 in UK. Job description includes :-
"Your primary focus will be working on the development of a new greenfield cloud hosted application."

So they're also working on something else entirely new.

Castleton Technology
@CastletonTech
·Great work by ‪@HS_Homes‬ improving efficiency and reducing their carbon footprint, by introducing our ‪#Agile‬ application to their Maintenance team

https://www.housingsolutions.co.uk/news-and-events/news/housing-solutions-saying-no-to-paper/

When you think about it, over the last three or four months we got rid of MXCP evergreen options, and absorbed 17% of Castleton total share capital from them, bought up at market price. Not bad. Only their remaining 7.5% to go.

And there's the later CTP one. We know MXCP raising funds, so no surprise, though I had lost sight of these. On loan notes, as Raleigh pointed out, BGF are similarly in a position to convert re. Kinetic, unless CTP buys them back first.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MXCP&ArticleCode=ravz6ti7&ArticleHeadline=Conversion_of_Loan_Notes_in_Castleton_Technology

(housebroker) unsurprisingly reiterate 125p target price in broker note issued 9/8/18 following contract RNS.

Bit more on the website about that, highlighting the importance of the Managed Services win of a new customer by competitive tender.

https://www.castletonplc.com/2018/08/10/castleton-supporting-the-transformation-of-dghps-it-systems/

Yes. As you say, best to say trades. I suppose the106 is a buy, and arguably the 105s? I've tried before, and given up guessing. A good day, they've all gone to good homes and we've gone up.

TechMarketView

Castleton Technology: Managed Services win
Georgina O'Toole, 08:22, 09 August 2018
The managed services element of Castleton Technology’s portfolio has been outshone by its software recently, with much focus on the integration of the company’s product suite following multiple acquisitions (see Castleton Technology: The post-integration story). The provider of software and managed services has had a successful year or two (see Castleton makes more progress), winning a number of significant multi-year and multi-product contracts as a result.

Today’s news pushes the managed services business back into the spotlight, as Castleton announces a contract with Dumfries and Galloway Housing Partnership (DGHP). Castleton will provide an end-to-end managed service over four years (with a two-year extension option). The value is £1.2m over the four years (increasing to £1.6m if the extension options are taken up). The managed service covers hosted workspace-as-a-service (including desktop refresh and ancillary services utilising private and public cloud (Azure and AWS) where applicable); application hosting; business continuity; information governance; WAN and LAN management; and continual service improvement through service desk management and device management & support.

Castleton’s was formed via a ‘buy and build’ strategy. Two of its acquisitions – Montal in 2014 and Keylogic in 2015 – were focused on outsourced managed IT services to the public sector. The company’s software and managed services offerings are delivered via two aligned business units, offering opportunities for upselling and cross-selling across the Group. The addition of another managed services contributes to Castleton’s strategy to grow its recurring revenue base.

Managed Services Contract - there is room to keep adding value there over and above solution sales. Adds 1.2% to cumulative repeat revenue and helps forward visibility of earnings - hence the promised divi.

And there's the MXCP holdings RNS. This WRAY/MXCP dealing seems part of a wider strategy to me, of advantage to both.

Looks as though WRAY sold tax systems, which Mxc bought, at the same time as Mxc sold Castleton, which WRAY bought. Something to conjure with.

We don't know yet who bought the 'second sale' shares.

And sort of surprisingly, put a lot into Tax Systems, rather than for use in new ventures. Something may unfold later, but that's for Mxc and tax investors.

MXCP down to 6.65% on Fridays trades. As hoped and anticipated, coming out at market price in bulk at no damage to share price

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MXCP&ArticleCode=hr77sxg7&ArticleHeadline=Further_Investment__Sale_of_Shares

big numbers. And ask dropped.

And they're at it again. More bid numbers. All starting again at this price.

WRAY added another 6%, skipping through some %age points without notification on the face of it. Got a lot of money tied up here.