RE: $2m Proximity Cloud Contract22 Feb 2022 12:02
Three large contracts in three weeks is really encouraging. No coincidence that these happen to coincide with the Riverside Way move. They have more room to work in now. Presumably these contracts will require assembly work and testing before being shipped out for installation.
The partner could well be, not definitely, IPC. As Beeks have a number of existing contracts through them. Handy though, as this new contract indicates that the sales force for Proximity Cloud is not solely restricted to Beeks own staff.
With regard to the share price, agree pre-Sept 21, the recent news would be driving it well over £2. AIM indices are down over 20% since then. Today the market maker has had a decent volume of buys but has parked the price at 165p to buy. Thoughts of what Russia might do next, probably making that easy. Just need to be patient. A couple more of these contracts by September, would get the sp moving, regardless of the market, in calculation of forward earnings for 2023. An influential tip would do it earlier but not required for long-term holders.