Member Info for Aphrodite

Finally, on the RNS and overall profit. A.. Castleton has previously been burdened with costs arising from the several acquisitions and their integration. I would now expect them to be much decreased and perhaps disappearing completely, That will greatly assist the bottom line, and we await the figures. B. Rather obviously, the performance figures given relate to the 6 month period from 1st.April. If continued, we shall have double bubble at year end!

And income permitted 16% reduction in net debt over the 6 month period - Castleton proving its profitability as per. finals RNS. That's it really. More of the same please - all adding to longer term contracts with cumulative repeat revenue from lower cost contract maintenance, and hopefully a few bigger ones thrown in. Still waiting for holdings RNS. If Kestrel, so be it but would prefer to see our last 'adder' at this price Nigel WRAY picking up some more.

As expected, making inroads into existing customers by cross selling the major game. With 750 customers and most taking two or less solutions out of the many on offer there's great potential there over time as customers end existing contracts elsewhere. 10% is good organic growth in this market, and that is also dropping to the bottom line now. Well done Castleton - early update too!

Broad outcomes looking potentially favourable also. "And with the current momentum of Q3 sales, where sales of approximately $6million have already been achieved to date, the business is well on course to deliver its first year of profitability. The Directors therefore look forward with confidence, the strategic review process remaining ongoing as the Company and its advisors look to an outcome that can best enable an acceleration of what we increasingly consider to be a de-risked, proven business model that is delivering a balanced mix of revenues across the regions."

They're now calling the mobile ' Castleton Agile ' following the perpetual licence agreement and the subsequent demise of 365 Agile, and have revamped it with new and improved features and a new release in May.

Now implementing repairs prior to Agile mobile for tenants.

Formed after 24000 house amalgamation in April 2017 Castleton now supply EDRM, P2P, Agile Staff App, Service Charges and Strategic modelling solutions, and recently engaged with partners in other work.

Overall indications to me seem at the moment that whatever the intentions, AP Systems is not professionally advised, which would be astounding in itself, let alone the way matters are unfolding.

So far as is known, Anderson alone has interests in the bidder. Over 3%ers in Reds known. Would need a lot of 1%ers acting in concert to materially alter existing position. No current evidence of position building. Just observations at this time. And a few days to go.

Disclosure of Interests A. Key Objectives of the Code’s Disclosure Regime The Code’s so-called “extended composite” disclosure regime is designed to provide the market with transparency by providing a detailed snapshot of the dealings and positions (including long and short, “physical” and “synthetic” positions) in relevant securities of the target and, if it is offering its own stock as consideration, the bidder. The Code’s disclosure regime is designed to: • identify the persons who control the voting of shares in the target company and, in the case of a securities exchange offer, the bidder; • identify persons with significant interests who may be dealing in order to assist a party to an offer and who therefore may be acting in concert with the bidder or the target; and • provide market transparency by requiring persons with significant interests in either the target or a paper bidder to disclose publicly information in relation to their positions at the start of, and dealings during the course of, an offer period, including the prices at which they have dealt.

Relevant RNS is headed possible offer. "An “offer period” commences for the target company when the first announcement is made of an offer (including a possible offer) for it. " Shareholders are complying.

Out of genuine interest. No mention of who he'd approached, bearing in mind contradiction, and what prompted your call. An obvious question.

On what (little ) is currently known about AP Systems and Mr. Anderson, it is difficult to see the logic of any major investor here - added value to what? - board change? And then the approach or no approach. But takeover rules being applied as required.

* 3.1 �A key issue in applying Rule 2.2(c), Rule 2.2(d) and Rule 2.3 is whether an offeror has made an �approach� to the offeree company regarding a possible offer. This will affect, in particular, whether the responsibility for making an announcement lies with the potential offeror or with the offeree company. 
 * 3.2 �For these purposes, the Executive interprets the term �approach� broadly. Each case will turn on its own facts, but the Executive normally considers an approach to have been received when a director or representative of, or an adviser to, an offeree company is informed by, or on behalf of, a potential offeror that it is considering the possibility of making an offer for the company. This may be at a very preliminary stage in the offeror�s preparations and the manner of the approach may be informal and no more than broadly indicative. For example, there is no requirement for an approach to be made in writing, or for an indicative offer price (or any terms or conditions) to be specified, and it could be made as part of a conversation on unrelated matters. * 3.3 �Rule 2.3(a) provides that the responsibility for making an announcement before the board of the offeree company has been approached will lie with the potential offeror, whereas Rule 2.3(c) provides that the responsibility for making an announcement following an approach will normally rest with the offeree company board. However, if the offeree company board rejects an approach it will not necessarily know whether the potential offeror intends to pursue its interest in the possible offer. Therefore, following an unequivocal rejection of an approach, the Executive�s practice is to treat the responsibility for making an announcement as reverting to the potential offeror..........


Another 500,000 just popped up from 27th. All going somewhere to start again at this price. Waiting for holdings RNS (s)

Huckster1. Thanks for that.

I appreciate some have been here a long time. I'm new, like some others buying, and looking ahead. They say, "the Group has achieved one of its central KPI's in the period - that of recurring renewal billings being greater than fixed overheads - a trend that is continuing into H2 2017. Consequently, new sales can increasingly drop to the bottom-line after cost of sales and partner payments have been deducted." and "In the context of the full year, steady progress has also been made in H1 to ensure that the Company achieves its maiden year of profitability as an operating company." We shall see, It's quite a bold statement - but we are halfway through H2 when made.

Old stuff done to death. Those that's in are in, and those that's out, or should be, are out. Nothing new for now.

Headwaters, on behalf of MMX and in their capacity as M and A advisors, are presumably attempting to bridge any gap existing between the company and the other parties, to bring about what Mmx would view as a satisfactory resolution to whatever opportunity has been presented. As long as it takes, or they all walk away.

Not looking too shambolic so far.