Member Info for Russ311

I hope this RSU plan is to incentivise a wider group of employees and not just a way for the Directors to skim off of the top again.

LTIPS are one things, as a way to retain and incentivise decent people but these are already vested. Here are some shares, you're free to leave if you want.

There's been a lot of talk on here about new contracts. At this stage of Cirata's growth, (quality) Annual Reoccurring Revenue seems absolutely the right thing to be focusing on as it's far cheaper than chasing new business and helps to rebuild the shattered reputation. Do I have that wrong ? Let's face it, even with the recent good news it's going to be a long hard slog but they seem to be hitting a good place now (don't they ?).

City AM's top stock picks for 2026

2. Cirata

Simon Hunt, City editor

With a market cap of under £30m, you’d be forgiven for not knowing that Cirata was once a billion-dollar tech firm.

The Sheffield-based business, formerly known as Wandisco, saw its shares suspended in 2023 after it turned out to have massively overstated its sales forecasts. That sparked the resignation of the chief executive and an investigation by the Financial Conduct Authority, as well as a collapse in the firm’s share price.

But in November, Cirata could finally breathe a sigh of relief, after the two year long saga was drawn to a close when the FCA said its investigation had ended and it would not be taking any further action, clearing a path for a return to growth.

The company’s new chief, Stephen Kelly, is a seasoned turnaround specialist. He previously ran accounting software giant Sage and was instrumental to its journey to becoming the £10bn behemoth it is today.

New version of SVN perhaps (complete speculation) as they have a direct link from their forums:

https://www.svnforum.org/landing/9-9-2025

It's interesting to look back at some of the old 'WD hay-day' RNS's (if you're bored on a Friday afternoon) and compare reported costs, performance (and share price) then against where we are today. Dec 2020 results: Revenue $10.5m, cash overheads $36.9m, EBITDA $22.2m loss, statutory loss $34.3m, Cash $21m. Share price on the RNS day £4.50.

Draw your own conclusions but I'm sticking with them while they progress with the unenviable task of rebuilding the reputation of something that was badly tarnished and I'm really hopeful that it will pay off in a big way.

This is a different company

Isn't it normally on grant of options to Directors ? Agree though, nothing to read into it.

Thanks for clarifying. I thought I'd better start the post with a question just in case.

This one ?

"Big data business Cirata, formerly WANdisco, has confirmed that OPPO (GuangDong OPPO Mobile Telecommunications Corp Ltd) has renewed its existing maintenance and support contract for Cirata's Git MultiSite for Gerrit product for a period of three years.

Sheffield-headquartered Cirata adds that the total contract value is $592,000/£465,631.

It explains this renewal continues OPPO’s use of Cirata software and services."

Source[https://www.thebusinessdesk.com/yorkshire/news/2124363-city-briefs-fintel-and-cirata]

Two news stories today from two news agencies and both appear to be incorrect. What's happening ?

I'm confused. The news article suggests that NTU have 'downgraded' the demand from £6m to SGD 17,511,651 (£10m). Can anyone clarify what's being demanded by NTU ?

Https://www.lse.co.uk/ShareChat.html?ShareTicker=CRTA&share=Cirata

Https://www.euclidean.com/

Found this thread funny as Clark BP own these guys.

The completion date shows as 21/08/2023 for further confusion and also 'Previous position' shows as NIA but I assume they're the same as Clark BP who hold / held 3,168,567 (2.76%). It would be good if people could get the basics right.

Https://polaris.brighterir.com/public/wandisco/news/rns_widget/story/rnoopkw

The threshold crossed date is 21st July.

Forgive the newbie (post 2 and a small 2.8k @ 71.8p average holder) but, as far as I can see, before the fundraise there were roughly 67.2 million shares in circulation and the pre-nonsense price was £2.50 (depending on the time period when people think it all started) so the MCap was roughly £168m. There are currently 114 million shares at say 73p so MCap is £83.2 million. New CEO at the helm may balance out the loss of reputation so I haven't factored up or down either way for that.

My, short term, aim on this is that we get back up to the £168 million MCap so £1.47 per share and see where it goes from there. Agree / Disagree .... do people think that'd be wide of the mark in either direction ?

Again, newbie who only holds shares in one other company so feel free to give it to me straight and correct any assumptions you clever people.

Https://www.business-live.co.uk/professional-services/bristol-based-education-software-firm-27581768