Member Info for Aphrodite

I suppose its as expected but signs of renewed energy perhaps. As you can imagine I'm personally pleased with Castleton said to be into a period of high growth, and of course the Australian acquisition announced today.

Pulled a few comments from today's Mxcp results RNS, relating to Mxc investments and Castleton in particular re. rapid growth, relevant to the latest acquisition. "In the period under review our core investee companies have maintained good growth momentum. With a portfolio currently focused on five investments, the Group is well positioned to build further value in these businesses both organically and by acquisition." "Castleton Technology plc also continued to trade in line with expectations with both revenue and profitability growing by over 10% organically in the six months to 30 September 2017." "During the year, Paul Gibson, who joined the MXC partnership at the end of the previous financial year, was appointed to the Board of Castleton as a non-executive director, bringing his experience to that Board as Castleton commences a period of rapid growth." �

It's a strategic acquisition. Adding to staff numbers with known personalities in a leading provider, brand building, cross selling, with additional geographies and also into the 'care' sector. And the previous ground breaking Wentworth contract there to demonstrate their products.

� Strong relationships with Community Housing providers, Government Housing departments and other key industry stakeholders � Consistent track record of strong revenue and EBITDA growth � Revenue of AU$2.3 million (�1.3 million*) and normalised EBITDA of AU$0.6 million (�0.3 million*) for the year to 30 June 2017 � Strategic acquisition to enable Castleton to leverage Kinetic's market leading status and enhance the Group's existing operations in Australia's growing Community Housing sector � Kinetic adds scale, customers, skills, market knowledge and specific Australian IPR � Kinetic adds over 50 customers into which Castleton can cross-sell its other products with the combined customer base giving Castleton circa 40% of the market share for Tier 1 providers in Australia � Kinetic management and staff to remain within the Group to target further growth in Australia � Acquisition is expected to be earnings enhancing in the coming financial year to 31 March 2019 � Ability to expand Kinetic's offering into other geographies such as New Zealand and additional sectors such as Aged Care and the National Disability Insurance Scheme

Reading the Mxcp results RNS and just noticed ours. Mxcp said this morning Castleton entering a high growth period, and this acquisition will be part of it. Well respective niche provider, known in Australia, acquired for little cost, but bringing with it 50 customers to focus on. Very pleased with new dimension added in the developing Australian Social Housing market.

First of all I am invested in the company, like MXCP, Kestrel, Wray and the others and the 25% or so pi's, of which I am just one. What others do with their shares is of interest, and I am curiouser and curiouser. But as long as the company is progressing, increasing revenue, paying down debt and so on, with 700 customers reliant on their products, this is secondary to me. Secondly, I have made the I think not unreasonable presumption that the transactions at 61p are all sells - they might not be. And we know that some transactions occur at prices not available to pi's. Mr. Dickinson's and MXCPs last buys here as an example took place at I think 53p - a price never shown. So it's not inexplicable, and they should, in my view, be showing both sides of the transaction on the same exchange. Whatever sells have been made must have been offset by buys, or with no subsequent drop in price they would have to be carried by mm's, which having regard to the many months this has been going on is a complete non starter. I am, in view of the lack of holdings RNSs, more interested in who is buying. The seller(s) may be unregistered holders under 3%, and similarly the buyers. I would be very surprised should any of our known holders fail to comply, as they have always done so, and which they should have done by now. Why sell - because for whatever reason you want the cash. Why buy - because you believe it's cash well spent.

And another �325k worth of sells showing up from Tuesday and must have been taken up. Mystery continues, but no matter. Sold and bought, and all starting again at this price.

The review terms of reference ( to include the other parties ) were set in May. There is no reason to assume they have changed. "The sector remains highly fragmented and the review will explore how strategic options might accelerate shareholder value, in particular whether and how MMX can participate in a broader industry consolidation. The outcome of the strategic review may therefore include, but not be limited to, an acquisition by or sale / merger of the Company."

Keen on their new compliance and planned maintenance solutions, and will be showing these and private contractors solution at NHMF maintenance conference in January. https://www.nhmf.co.uk/conference/

Day 2 more of the same, with one to ones with customers. Main thing for investors is how well they're doing in Ireland, with EDRM catching on there. Was their initial focus in UK, with the original Documotive system being widely recognised.

Castleton said to be 'becoming the de facto supplier of housing software' to Authorised Housing Bodies in Ireland, with over 75% now using Castleton solutions. The Government�s Social Housing Strategy 2020, place AHBs at the heart of social housing provision in the coming years, with a view to the sector expanding significantly and playing a lead role in the delivery and supply of new social housing.

Day 1. As expected, the main sales push for the company is in the fully integrated suite - the one stop shop, backed up by the customers known to be taking it on so far, Cluid and Coop.Mention made that from a customer standpoint, one fully integrated supplier is easier to handle than a number of suppliers with solutions not talking to each other, and apportionment of responsibility. Mr. Dickinson addressed consistency of quality of service, which he seems to believe was previously not up to scratch, and the action that has and will be taken. They are winning new, and retaining and growing existing customers. Continuous response to customers needs, adapting to change, and launch of new customer forum ( replaces various user groups, with focus groups as required ) Committed to R and D to keep pace, and successful Castleton mobile being updated. Products selling notably well in Ireland - ' pat ' on the back for Paudie O'Shea. New solutions introduced. Partnerships developing to additionally enhance the Castleton offering. Incidentally, one of these is with Mxcp investee company Sagacity Solutions. ( who, though not of interest here, work with Virgin Media ) New Castleton Compliance and Planned Maintenance solution showcased, as well as Castleton A.I. product launch to conclude. Jamboree tonight. And another �57k changed hands with sp static.

There you go.

Back to company progress, starts tomorrow over 2 days. Cross selling opportunities, and introducing the new solutions to existing customers. Was delayed for Mr. Dickinson to settle in, make internal changes and develop fully integrated products. Now done, including new ' Sunrise ' central help desk bringing the disparate response and management systems together. Expecting updates as it goes along.

Could still show up, but notification now late. Would have expected compliance as usual from the three main holders. In absence, have to leave it as another mystery. Main thing is whatever sold been bought.

Plus another �800k or so. Sold and must all be bought. Somebody wants the cash, and somebody the shares. Maybe an explanation soon.

Always the possibility with recent news that MXCP will be seeking cash from their investments. If so here, there will be a RNS.

Somebody just sold �971k worth. No change in sp. Somebody bought them. If no holdings RNS we have a new under 3% buyer, provided notification rules are followed. Whatever, almost 2% of company equity starting again at this price.

At about �700k loss currently.

1 week to go until our Customer Conference! We'll be sharing our future strategy, how we have overcome challenges & all our latest developments, including our new solutions: (link: http://Castleton.DIGITAL) Castleton.DIGITAL , AI, & Business Intelligence.