Castleton Technology Share Discussion Threads

[chimers] 09/2/2017 10:11

When the music stops the house of cards collapses.

[chimers] 09/2/2017 10:10

THIS IS WHY SLATER SOLD....


Here is what renowned ex accountant and share analyst and commentator Paul Scott had to say about CTP shares.
As its old news I hope he wont mind me repeating it here....

CTP the interim figures announced today look encouraging, until you look at the balance sheet, which looks very weak to me. NAV of £15.4m drops to negative -£18.4m after the £33.8m intangibles are written off.

Working capital seems very weak, with a current ratio of 0.55.

Note the deferred income, and borrowings are both quite high. So it looks like a business that is funded from favourable working capital (i.e. getting cash in from customers before it has to pay cash out), plus debt - that all looks a bit too precarious for my taste. So it's not for me.

[suneday] 09/2/2017 10:07

What exactly? Try to be more explicit.

[chimers] 09/2/2017 10:02

Be in no doubt at all................


THIS IS A DISASTER FOR CTP

[chimers] 09/2/2017 10:01

Has this whole house of cards been built on accounting fraud ?
WE NEED TO KNOW.

Whats going to come out of the woodwork next ?

Is it fraud at RCN ?

Did Weaver step down at RCN because he knew what was coming ?

WE NEED TO KNOW.

Why was the share price at RCN falling steadily over the past few weeks ?
Did someone have the inside track on what was about to come out ?

WE NEED TO KNOW.

Could something similar be happening here at CTP ?

WE NEED TO KNOW.

This company is crazy , just when you think it couldnt get worse they drop a new bombshell on you.
This lot are dropping more bombshells than the Luftwaffe.

[suneday] 09/2/2017 09:50

What happened today with Ctp? Nothing.
They're busy.

[chimers] 09/2/2017 08:45

Its common sense to be concerned about this and see the similarities to the situation at RCN.

At RCN Tony Weaver took a back seat.
MXCP started selling their holding in RCN.
Tony Weaver then stepped down completely.
6 days later a major discrepancy is found in the accounts a discrepancy that happened under Weavers tenure.


Now look at CTP.
We know Ian Smith is like Tony Weaver a member of the Advisory board at MXCP.
We know that Ian Smith has stepped back from the helm at CTP and taken a back seat.
We DONT know if he is intending on stepping down fully.
We know there is a consistent and steady seller of CTP stock in the market.
We DONT know who this is or if it is several separate entities.

Dont try and tell me this is not a concern and a worry!!
Especially after today.

[chimers] 09/2/2017 08:34

EVERYONE......................and their dog..................the facts are the facts.

Look at the chart.

No kidding thats for real!!

You see folks this TANKS 10P IN A DAY for no apparent reason at all and it keeps doing this consistently.

85p to 75p WHAM!!!!

Then.....

75p to 65p THUD!!

Then.....

65p to 55p

Now....

55p to 45p

The share that keeps on TANKING.

You wanna risk it for the next thrashing!!?

Really ?

Well you wont have to wait long as its underway.

[chimers] 09/2/2017 08:32

NOBODY in their right mind can argue with this analysis.
Its plain to see for all its in the company accounts!!

[chimers] 09/2/2017 08:31

THIS IS WHY SLATER SOLD....


Here is what renowned ex accountant and share analyst and commentator Paul Scott had to say about CTP shares.
As its old news I hope he wont mind me repeating it here....

CTP the interim figures announced today look encouraging, until you look at the balance sheet, which looks very weak to me. NAV of £15.4m drops to negative -£18.4m after the £33.8m intangibles are written off.

Working capital seems very weak, with a current ratio of 0.55.

Note the deferred income, and borrowings are both quite high. So it looks like a business that is funded from favourable working capital (i.e. getting cash in from customers before it has to pay cash out), plus debt - that all looks a bit too precarious for my taste. So it's not for me.

[chimers] 09/2/2017 07:59

BREAKING NEWS!!!!!

Mark Slater the UK's top fund manager for the past 10 years decided that CTP has no recovery prospects so DUMPED his CTP holding.
He does not want it having a detrimental effect on his fund so has dumped.
CTP was held in his "RECOVERY FUND"

The smart money will follow suit and so should you.
You must be brutal and emotionless to keep your "fund" or "pot" from
falling apart.
Act hard and act fast.
Use the funds raised to move FORWARDS instead of stagnating in a dud with no growth.

[suneday] 08/2/2017 17:44

We'll see if you're right tomorrow.

[chimers] 08/2/2017 17:40

I EXPECT IT WILL FALL OF THE CLIFF TOMORROW 8AM!!

OH DEAR.

[suneday] 08/2/2017 17:35

Slater fund sold for whatever reason and they been bought. I expect they'll sell the bit left and they'll be bought as well. No big deal. Not so clever - should have gone earlier. There you go.

[chimers] 08/2/2017 17:25

HE'S RIGHT.

[suneday] 08/2/2017 09:58

Done all that too.