Member Info for Aphrodite

That should be �65k salary.

And I think it's got to go to 86p minimum or so in next couple of years for Mr. Dickinson to qualify for his full package, over and above his, I think relatively meagre, �56k salary.

Yes. Had quite a lot of those over time with no change in sp, and also no holdings RNSs either way. I think of it as some consolidation at this level. And yes, following Mr. Dickinson in proved a good entry point, following integration and into the second phase as they call it. Sale? I would like to think so at some stage. Certainly MXCP advise that that is their aim with platform companies such as this, having made them attractive to larger concerns. In the meantime, it's slow but ticking along.

I have an interest in a pension scheme administered by Capita. Advised today by Trustees that that contract will not be renewed, as ' Capita's service levels have not come up to required standards.'

I shall struggle on until it's sold at a huge premium.......or I just get fed up with it.......or something.

Definite �72k buy there from yesterday before the �67k trade.

The price has recovered to pre-review levels and last trading results were good and other noises from the company optimistic. It is plainly a complex discussion with each party looking for advantage by way of consolidation to better compete. There is no reason to believe a mutually advantageous merger cannot be achieved.

Beginning of a push in Australia under the Castleton brand with product demonstrations on consecutive days in Sydney and Melbourne end of this month. " Castleton are delighted to invite all community housing providers to a demonstration of innovative technology solutions to potential challenges facing the community housing sector. The purpose will be to highlight products that give better service to tenants, agencies, contractors and suppliers as well as other stakeholders of your organisations. The presentation will focus on the latest mobile technologies, customer resource management, records management, business intelligence and the future technologies such as AI. These presentations are open to all CHP�s and are ideal for executive and management level staff who wish to discover the platforms available for digitally attentive landlords. Lunch will be provided at the end of the presentation."

As has been stated, Kinetic will increase Australian customers from 11 to 61, and revenue there from �0.5m to �1.8m. That's a big jump to start with at the price paid, before cross selling and any new customers.

Special Report Preview: Accounts Digest 2016/2017 Income holds up in first year of rent cut as housing associations reduce costs. Social Housing report shows that in general Castleton customers finances are good, on the back of increased savings. In any event, suitable technology will remain a requirement, and part of cost saving plans. "The UK�s largest housing associations grew their turnover to more than �20bn in 2017. The 202 associations in Social Housing�s analysis had over �3m units and collectively made �4.1bn in pre tax surpluses."

There'll be no company clarity here for a very long time, though the price at which funds are raised may give some guidance on the sp. In the meantime, it is evident that those buying in are simply slowing the rate of decline, whilst others get out. For those that can guess the bottom - best of luck.

Ken Odeluga, market analyst at City Index, says Capita has become another lightening rod for misgivings about outsoucing and public-private finance, but agrees it is not another Carillion: An important difference between Capita and Carillion..is that the latter�s problems are linked to under-bidding on major contracts but Capita�s originate in routine services. Capita specialises in IT solutions for banks, the National Health Service, retailers and other sectors. Its string of profit warnings over the last few years stems from clients delaying new deals after Britain�s vote to leave the European Union. Consequently, the group has been forced to undertake a painful process of simplification. It had previously depended on acquisitions as the main driver of revenue for years. Another key difference between Capita and Carillion is that Capita generates lots of cash. It ended its last full year with �408m. On that basis, insolvency does not beckon for Capita. However the group is still subject to the same concerns as Carillion. Namely low- (or even zero) margin for contracts for increasingly cautious businesses amid political risk. The �unknown� could assail Capita as savagely as Carillion too. Most of its non-current assets were intangibles at the end of 2016 and two-thirds were �goodwill� linked to acquisitions. These were the last reliable accounts of assets and liabilities before the group began a root and branch review. So, to be clear, Capita�s lenders will remain on side whilst it keeps generating cash and staying within leverage limits�as it has done to date. Beyond those limits, its future is uncertain. For that reason, we think stock price support will be less evident for Capita than selling interest for the foreseeable future. With 4% of shares out on loan, according to FCA data, Capita is a big short. Flimsily positive news could trigger a rush for cover, and an upward spike. The stock is down 84% in two years, near 15-year lows, and certainly oversold. However, we still expect any bounces to be sold, until the group can offer more clarity on growth and profits.

The point I should have made clear being there is at least a possibility that some may come Castletons way, particularly where it currently provides services alongside Capita.

Most will be aware of Capita ( whom Castleton partners ) issues. Remains to be seen the extent to which its housing IT customers may review contract renewal, should Capita continue to regard housing as core. This excerpt from Inside Housing Mag. ( Constructionline irrelevant from a purely Castleton perspective ) Capita, which saw its shares fall 40% this morning, works with more than 100 housing associations Capita previously advised housing associations on finance and funding, but it sold these services to Link Group in June last year. As part of a restructuring of its business, Capita also plans to sell off its Constructionline business, which is a register for pre-qualified contractors and consultants. It was established in 1998 by the government but sold to Capita in 2015. The Constructionline website claims it is used by 60% of local authorities and 50% of large housing associations.

IT appears there is a boat, which they have a mind to get on under the right conditions. Perhaps they don't want some or all the others to sail without them. It appears it's coming to an end, to insinuate an April date.

IT appears management are hanging in there trying to thrash something out, I can only presume in MMXs best interest as they see it. Guesswork. ,

It may place MMX at a disadvantage should they not take part in a consolidation involving the other parties.

They'll all be saying that! Looking for mutual advantage.

Profit was promised and forthcoming. Now it remains for them to finalise the form of consolidation deal Headwaters are hammering out between the probably several parties concerned.

TechmarketView January 2018 Castleton: one-stop shop success Castleton Technology logoEvidence that Castleton Technology, provider of software and managed services to the public and not-for-profit sectors, could win more customers for its integrated social housing solution is exactly what we�d been looking for � see Castleton Technology: The post-integration journey. Today it has announced a ten-year contract with Circle VHA, Ireland, a provider of social housing, on a hosted basis, for its integrated product suite. Having spent the 12 months through to September 2017 integrating its products, after a series of acquisitions, it had already made two sales of its integrated solution in Ireland. This is the third, and provides further comfort that the investment, intended to support the cross-sell and up-sell of the product suite, is bearing fruit. The suite covers a range of functions (CRM, EDRM, financials, housing, strategic modelling, Purchase to Pay, repairs, service charges and mobilisation) all encompassed with a data warehouse and business intelligence platform supplied by Glantus � a newly formed strategic partnership with Castleton. Having made waves in the Irish market, we now look for this success will translate into wins in the U.K. The win with Circle is one of two announced today, with a total combined contract value of �1.2m. The other is a renewal for Places for People, the UK property and leisure management, development and regeneration company. Castleton�s contract has been extended by 2.5 years with an option to extend by a further year. The scope involves repairs management software, technical services, cloud services and integration middleware, allowing the processing of orders for work directly from third-party property management solutions. Castleton states it has evovled its solution in line with the client's needs. Posted by Georgina O'Toole at '09:45'