Member Info for TT1981

0.27 😀

New to PREM and just bought in today. Does it seem like a I got in at a good price at 27p? Can someone summarise best case for upside relating to this stock? Cheers.

Big week ahead and finish to the year from here on IMO.

GLA

Hi Ramone - I think they were pretty clear about cash position in the last update (16.5M in reserve forecasted at end of year). Any new “material” contract wins will be announced and that recurring revenue will be added to that figure. Those investing big here recently are probably closer to the sales pipeline than we are… or, just of the same opinion as most of us investors albeit with deeper pockets.

A new large contract win will see this rocket…

Someone has a million quid and decides to invest it in Cirata at this particular moment in time. Could have invested in any stock but we have it here… plus the other millions added today. Something is cooking… ;-)

Big week ahead!

GLA

Sales cycle on new enterprise deals isn’t short though. Would you agree? Prob Approx. 12 months on average based on my experience. Hoping Kelly’s access to key decision makers can expedite those sales stages a fair bit though. Many will be close but these are complex solutions that need to be designed correctly and approved by tech, legal, finance, etc, alongside external resources to deliver projects when won.

A couple on here are talking like Stephen Kelly doesn’t have one of the best networks across the whole of UK tech (if not globally) to tap into. That plus the existing machine that was already winning deals previously has been added to with significant hires of proven expertise - Alliances, Marketing, etc. New deals will be announced and they will significantly add to the 16.5M in reserve at end of year. It’s not like one of the top growth CEOs in the whole of tech has joined just to leave the company to dwindle and burn cash and ruin his first class reputation (as well as his personal share investment).

Have a good weekend all.

16.5M in the reserves would see the company through to 3/4 of the way into 2024 even without new deals which will obviously be announced along the way. New deals on top of the 16.5M left at EOY means they will not require extra funding. Please stop with the scaremongering.

Looks like that could have been the final part of clearing the decks from the old world into the new. Expect they wanted to get that sorted before releasing new RNS’ of deals won. It’s going to be an exciting next few months that’s for sure.

My Ocado shop looked as expected yesterday. No flash sales or huge reductions anywhere (unfortunately). Also, I don't think it's unusual to be able to have booked a Christmas shopping delivery slot in October...

All fun and games. This will be back up over 5 by the end of the week, prob by end of tomorrow

Also worth following and promoting posts on LinkedIn for those of you who are on there https://www.linkedin.com/company/cirata/

Can anyone work out whether the (significant) trades after hours on Friday afternoon / evening were buys or sells?

@lumbert… you could be right however we might also have seen a dumping of shares today if there was inside info on worse news than expected. Here’s hoping Kelly makes sure there aren’t any leaks in his ship and we are pleasantly surprised!

Ladies and Gentleman… please cast your bets…

Does Kelly have a rabbit (or 2) up his sleeve as well as discussing what will be mostly irrelevant historic results now…

The RNS certainly hinted at the imminent reveal of new contracts… could it be that they are timed for tomorrow… GLA!

@Walkley - completely understand why you would have a grievance. I probably would too if I had investments at the time that the fraudulent activity was uncovered. However this is a new chapter as Cirata and there there is definitely money to be made here once a few new deals are announced.

@Ravensdale - considering you have 13 posts and all of them are negative towards either WAND or CRTA then I think your agenda is quite clear. I’m genuinely sorry if you too got burned previously and lost money but you need to look at this as a fresh chapter.

@Walkley - curious as to what your purpose is moving from the Wand page to this one and only offering negativity. Are you trying to get this at a cheaper SP or is there some other reason you are regularly on the chat page of a stock you have no faith in? It's all very odd.

PS. GM was a multi project deal (as you well know) and the likelihood is that the initial 400K first phase will end up as a multi million dollar deal due to the size of the org.

New deals will certainly be announced soon and one big new deal will prob send this into the late 90s straight away. Our CEO has one of the best networks out there and he will certainly be speaking to the right people... however sales cycles for any large new deals aren't short and this explains the delay - not due to a lack of interest but more how long it takes a new prospect to move through the different stages of the sales cycle - sales, solution design, legal / compliance, etc.

Anyone brave enough to predict where the SP will be by EOY?

97 is my best guess...

GLA

Prob going to announce a few at once fwith new name change going official next week.