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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Checkit Plc | CKT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.70 | -2.59% | 26.30 | 11:53:53 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 27.00 | 26.10 | 27.00 | 26.30 | 27.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 25/4/2024 08:41 by porous lover xxxThe words paint a picture that the cash flow doesn’t support. To pick up on your point: inflation peaked at >10% growth, so net rev 6% growth on the assumption pricing was increased to compensate. No mention of new customer contribution but Kyte referenced 300k on previous investor call. Now the cash flow… the burn was £6.6m vs £8.6m last year BUT benefited from additional £0.4m interest with increased £0.2m of capitalised R&D. The interest will significantly reduce this year as cash burns down so growth would have to ramp up significantly this year (30%+?) to have a hope of not requiring further funding next year or year after. More alarming for shareholders is the cash burn is INCREASING. Cash burn in H1 £2.8m (£15.6m to £12.8m); cash burn H2 £3.8m (£12.8m to £9m). An extra £1m. Presumably a large chunk of that £1m relates to bonus payments for the stellar performance. Quack quack. |
Posted at 29/5/2023 10:59 by gerihatrick CHECKIT (CKT)This company presented at Mello this month. They are in the business of digital transformation from paper-based processes. This is like Eagle Eye who digitised the whole paper process of “Loyalty cards and promotions.” It is also like Kainos who have digitised many processes in the Public Sector, including the Passport Office. At Mello, Rosemary Banyard of Downing Unique Opportunities Fund spelt out how this process was followed in renewing her passport. It took 6 days with notifications at each step of the way. It is one of her major holdings. Techinvest does not cover it as they would need to see stronger top line growth before viewing the company as a potential investment. This is because it will remain loss making for the next two years. The CEO was an officer in the Gurkhas for 7 years which included service in Iraq and Afghanistan. He then worked for an International Technology company for 7 years prior to becoming CEO of Checkit 2 years ago. The first service is workforce management. This identifies real time workflow for deskless workers, which is more efficient compared to paper, and more effective. (42m workflows) The second component is IOT sensors which link the data, leading to operational improvement. (42b sensor readings) In applying both components in relation to it largest client, John Lewis, who use both workforce management/IOT.They demonstrated the following savings with 22k endpoints monitored. £3.6m in food wastage savings; £24m in repurposed staff time and £0.6m in optimised energy savings. The return on the investment by JL is rapid. They have a contract with BP using their AI algorithm to predict food demand. Currently they are present in 441 forecourts with the potential to roll out to 4900 over time. They also have Compass and Greggs as clients in the food retail area. In the Health Care sector, they mentioned the Hallmark Care Homes Group who have a heavy reliance on paper-based processes. This is another example of the digital transformation. In Biopharma Temperature compliance is essential for research materials and manual and paper processes are prone to error. Over 90 NHS Trusts are using some component of their technology and others may follow. Restaurants are another market where they are active. They hope to expand further in the US and become market leaders in augmented workflow. (IOT sensors + software + analytics) FY revenue to Jan 2023 showed ARR £11.5m up 28%; recurring revenue was £9.6m up 41%; total revenue £10.3m up 22%. Cash £15.6m (18.3p/share) The transfer to recurring revenue is complete and is now 93% total revenue. Loss £7.3m and forecast loss over next 2 years £9m (ref Edison) Breakeven is anticipated in 2026 with ARR between £18-£20m. Retention rates are 116% which reflects their “land and expand approach.” They are accumulating tax credits of £100-£120k pa. The US has expanded from £0.4m in 2021 to £1.5m to £2.8m this year. The sales cycle varies according to region/size of contract from 18 months to 90 days. They have 500 customers in the UK/EU. D and A Holdings hold 21.76%; Keith Daley holds 19.37% (Ch and NED); HIT 9.42% and about 50% are in public hands. CEO holds 0.1% and CFO 0.05%. This summary has been sourced from their Mello presentation; IMC investor presentation in Feb 2023, their results presentation in April 2023, and Simon Thompson in the IC, who makes it one of his bargain shares for 2023 @ 29p. I have bought an initial holding at 24.5p. |
Posted at 22/5/2023 11:35 by melloteam Just to remind shareholders and prospective investors, Checkit will be presenting on the 24th of May this week at Mello2023. We have created a two day physical investor conference (23rd & 24th May) at the Clayton Hotel and Conference Centre in Chiswick that will include 15 top quality keynote speakers, 12 educational workshops and panel sessions, 50 exhibiting companies plus over 80 company presentations for investors to evaluate and understand their current or future investments. We will also be hosting a live BASH session, analysing lots of additional companies! For a £25 bonus add-on price delegates at Mello2023 are also invited to make it a three day visit and join us for the Mello2023 Virtual event the day after, Thursday 25th May. Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. |
Posted at 17/5/2023 12:20 by melloteam Just to let shareholders and prospective investors know that Checkit will be presenting on the 24th of May next week at Mello2023. We have created a two day physical investor conference (23rd & 24th May) at the Clayton Hotel and Conference Centre in Chiswick that will include 15 top quality keynote speakers, 12 educational workshops and panel sessions, 50 exhibiting companies plus over 80 company presentations for investors to evaluate and understand their current or future investments. For a £25 bonus add-on price delegates at Mello2023 are also invited to make it a three day visit and join us for the Mello2023 Virtual event the day after, Thursday 25th May. Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. |
Posted at 15/9/2022 08:41 by hatfullofsky No reaction to the results? No trades.I guess we're all waiting for the investor presentation.Nothing in the results about how they will reduce the time to profitability only peak cash burn has been passed.Would have liked more. |
Posted at 15/5/2022 21:58 by melloteam Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows:Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF) Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies Just to let shareholders and prospective investors know that CHECKIT will be among the 60+ LSE Small Cap and AIM listed companies attending. There will also be keynote speakers such as Lord John Lee, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams. Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50. For more information, please visit the event webpage: |
Posted at 12/8/2021 10:18 by yellowstoneadvisory The highlights and slides from the recent CMD are available on the website |
Posted at 06/7/2021 15:59 by tday A Capital Markets Day is to provide investors, with a full review of the company's strategy, operations and financial targets. |
Posted at 14/4/2021 07:55 by yellowstoneadvisory Checkit Plc announce FY results on 29 April and there is a webinar for investor at 1pm that day with Chair Keith Daley and CFO Aysla Muir. Registerhxxps://us02web.zoom |
Posted at 04/9/2020 14:44 by jbeveridge1 There was a right up in the Investors Chronicle last weekend. Tipped as a COVID-19 winner. Worth buying. |
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