Member Info for Raleigh

The situation is continuing as it has been. The sp cannot advance until the overhang is cleared, and I'm sure investors are aware the sp could still drop further. Not out of the woods yet but getting there daily. That Novus contract is particularly pleasing, as it further extends revenue sources beyond social housing.

Stupid question anyway, but as I have said before, in my opinion his package would have been viewed as achievable by MXCP, the Castleton board, and Dean Dickinson - insiders all. On a personal level he's up 18% since he bought in January. Castleton has gone from growth by acquisition to concentration on organic revenue and profitability through its 730 existing customers and longer term contracts. They think their ' one stop shop ' Cluid model, which can be implemented piecemeal, will prove attractive to existing and new customers. They have read their social housing market, developed the tech accordingly, and brag only they can provide it. The company is on target to add 20 per cent to revenue over the full year, and the market, seldom wrong when updates/results appear, seems content. However, the overhang may still be there, and we know not how long the buyer will continue at this price. The price may yet go lower, before recovering, as the buyer, who has been buying higher, is convinced.

As from trading update, revenue and profitability up 10pc, and debt down. Strong cash generation, PBT up ( significantly ) Integration costs at last complete, though some anticipated costs arising from Dean Dickinsons restructuring in house following completion of said integration. No more nor less than anticipated. The company stresses the importance of its new ' Cluid ' model, a milestone in the sector ( previous posts ) All according to plan.

I've viewed the website. With Cluid, Dean Dickinson has differentiated the company from the competition, and that home page statement, the USP, will be messaged at every opportunity. Good job.

Today is somewhat unusual in that significant buys have shown, rather than only the increase in holdings RNSs taking up the slack or much of it, throughout the period. It is open to conjecture that there is a buyer who has not yet reached the 3% level at which notification is required. Interim results 7th Nov and with circa 10pc increase in revenue and profitability, and 16pc decrease in net debt since 1st.April, there is little room for surprise.

I cannot tell from your comment whether you believe they should not have been sold, or because the fact they were sold gives you reason for concern. Rather than waste my time with the obvious, which is it?

Gradually reconfiguring and consolidating and a little more tech to address the new phase. In addition to Mxc appointment NED Gibson, McCalvey was brought in at the same time to head up managed services sales. All 3 were together at Advanced. Some large sells still, with no means of determining who those unregistered sellers may be, and there is a buyer. With continued company progress this will ultimately help the price. However, at present this tedious market overhang preventing upward movement does little to encourage private investors.

He was appointed to lead this new phase, upgrading and tweaking the products, internal systems and staff, and developing a relatively unique offering, Above all he will concentrate on CTP's current customers, and improving net margins. His salary package would have been viewed as achievable.

10%. What matters is in the two paragraphs, along with strong cash generation.

Felt the need to post. Revenue and profitability up by 12%. Debt down by 16%. Both in a six month period. Tells its own story