Member Info for Aphrodite

Haha. Ctp could turn down an offer! But that's not happening.

Haha. Ctp could turn down an offer! But that's not happening.

I can only comment that for reasons given earlier it's most unlikely to be Kestrel. That would put them around 30%!

I can only comment that for reasons given earlier it's most unlikely to be Kestrel. That would put them around 30%!

And of course, all those shares are starting again at this new price for the buyer(s) Growth company paying dividend.

MXCP sold some of their holding as per. RNS and as 'foreseen ' yesterday. May get some info as to who bought them.

Anyway, the tobogganing Chairman added today. He's after the divi.

That's a pretty good stab at consolidation Raleigh! Should, maybe, get to see who's doing what. If they've finished, maybe we can get on with some rise that we should have had yesterday.

Lots of bits of detail today, but I think this from the results RNS sums it up pretty well for when the company next reports in November. "With the team now in place, which has been much enhanced during the current year, a broad customer base, a wide range of products and services and solid cash flows enabling repayment of debt, I am confident of our future success and I expect that the Group will show further growth when it next reports. Given our confidence in future prospects, the Board intends to implement a progressive dividend policy during the current year."

More of the same from them, but with a little more insight into the future on new products. http://www.techmarketview.com/ukhotviews/archive/2018/06/19/castleton-makes-more-progress Incidentally, Indian interests were mentioned at the Castleton Sales Conference, but I didn't know what it was about. The inference was that it would help drive the business forward at the end of this and in next financial year.

Thanks LBG. When they mention a firm intention to pay a dividend as opposed to considering it you know they're confident of future cash generation. And as you say, a further incentive to potential investors. Hoping for some comment from the pundits now.

FinnCap ups target price to 125p ( as forecast by Raleigh ) and progressive dividend police ( as mentioned previously, thanks ) Castleton Technology swings to profit as it acquires financial modelling platform Share 08:27 19 Jun 2018 The AIM-listed software and managed services provider reported a pre-tax profit for the year of £1.8mln, up from a £0.5mln loss the previous year Laptop The firm also said it would implement a progressive dividend policy in the current year Castleton Technology PLC (LON:CTP) has swung to a profit in its full-year results as it exercised its option to acquire the financial platform upon which its modelling solution is based. The AIM-listed software and managed services provider reported a pre-tax profit for the year of £1.8mln, up from a £0.5mln loss the previous year, while revenues climbed 15% to £23.3mln from £20.3mln. The firm also said that it intended to implement a progressive dividend policy during the current financial year. In its outlook, the group said although its level of penetration across its customer base was low, this represented a significant opportunity for development and was accompanied by a strong pipeline of new business. The firm added that it had established a long-term incentive plan to incentivise its senior management team to create shareholder value. The plan provides for the options to vest in stages dependent on the share price growth, with full vesting being dependent on the group's share price growing at 40% per annum over a three-year period from a base price of 68p. Acquisition of strategic modelling platform In a separate announcement, Castleton said it had exercised its option to acquire an exclusive, perpetual and assignable licence in relation to the platform upon which its modelling solution, Castleton Strategic Modelling, is based. The group said the £1.6mln acquisition from Brixx International Ltd would mean no further license fees would need to be paid and would result in a margin increase of £0.3mln per annum in relation to sales of the Castleton Strategic Modelling. The firm also said it had agreed to pay Brixx International £0.06mln for further development of the platform. In a note to clients, analysts at City broker finnCap upped their target price for the group to 125p from 90p, saying the results “describe a growing, profitable, cash generative business, with a balance sheet able to support further investment and enable board consideration of a maiden dividend”. They added: “77% of FY18 sales were into the existing customer base, and 60% of clients still take one product, showing the evident cross sales opportunity”.

Worth a watch. No doubt investors have. This current financial year FinnCap give £26.3m revenue and £5.2m PBT. I can well believe the former and they were spot on for these results. The latter, well, much better than this year anyway. But there won't be as much tax credit for the bottom line. Now watched the video. Repeat of encouraging figures and prospects. Castleton now truly a one stop shop for housing associations. Multiple product sales increasing by cross selling, and only 30 new associations to go to get to their 700 target to optimise cross selling. The new Business Intelligence product sales starting to move well, and prospects for the new Data Cleansing. Continually developing existing solutions, and outsourcing some development work to enhance their capability, speeding up delivery of planned new solutions. Pleasingly, they have a backlog of orders on which they are yet to deliver ( presumably they will be delivered in a timely fashion for this quite slow moving market ) It is Mr. Dickinson's view that business will also be driven by Govt. edict on efficiency, requiring more and better digital systems, and compliance. They say all is well set up for the current year. They have already said it is ' comfortably' in line with expectations.

500k shares gone somewhere - otherwise pretty slow just now.

All happening today. Taking a minute to digest these RNSs and the video. But the bottom line is £4.3m profit. PBT of £1.8m, then helped by tax issues. Before tax last year was £0.5m loss, so that compares very well. Debt substantially down too. The Brixx licence will save and increase profit, and the product is being improved to suit Castleton. I note progress in the current year has been going well, with the group ' comfortably" in line with expectations. And still loads of headroom with cross selling and the complete integrated suite. In other words, more of the same successful strategy, but getting sharper in-house by continuing development of business practices.

As detailed in RNS of 22nd. March. " 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 "

Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, will be announcing its final results for the year ended 31 March 2018 on Tuesday 19 June 2018.

Yes. Maths. 68 + 40% = 95 for this year minimum. And they're not just optimistic, they're very optimistic about the future they say! So presumably we can look forward to a very optimistic report, with some detail to back it up.

Very stable period of time trade wise as we head towards results on 18th. Anything coming on continuing to be picked up.

Shares being picked up so far at this level.