Crimson Tide Share Discussion Threads

[the shuffle man] 02/6/2015 15:54

Breaking out to the upside with increasing volume !

[the shuffle man] 28/5/2015 13:06

Big volume today and a nice up tick. Have we been tipped anywhere.

[the shuffle man] 14/4/2015 15:02

Just topped up.

Was one of the most bullish outlook statements I have read for a while and todays announcement confirms Nestle as a customer plus others.

Expect this to be a good year for Crimson.

[hazl] 14/4/2015 08:14

impressive clients....did I see Nestle there?


IMO

[mdchand] 14/4/2015 07:24

Its a shame these contracts wins couldn't have been announced at the time of the prelims - bit of a PR own goal especially the contract with Nestle - but at some point the financials will catch up with the share price and we'll start to rise.

[hazl] 02/4/2015 08:22

very good shuffle man as we anticipated!

imo

[the shuffle man] 02/4/2015 07:38

Most upbeat report I have read for a long time. Bodes well for the future.

[jonwig] 02/4/2015 07:32

FY results:



I calculate EV/EBITDA to be about 19x, a bit above what I expected.

Profitability and cash generation are excellent, of course, but they really do need to increase revenues to make more headway. They are reticent about explaining why revenues are flat; maybe "... we have progressively reduced non-core activities ...".

Weren't we going to be told the name of the mystery company by now?

[jonwig] 06/3/2015 17:35

There hasn't been much about actual numbers in the last few posts, so here's a few:

FY to Dec 2013 ........... EBITDA = £0.29m, EV = £6.35m, EV/EBITDA = 22x

HY to Jun 2014 (annualise) EBITDA = £0.35m, EV = £6.35m, EV/EBITDA = 18x

On the "mystery contract" all we have is the 01/09/14 RNS re min £250,000 revenue over 3 years.
Say 30% of that drops into EBIDA, it reduces the ratio to around 16.7x.

We're told (this week) that they'll be above expectations, so how far above - at least not long to wait.

My point really is that the forward ratio needs to drop to around 10x before the valuation starts to get compelling.

I can see that happening in due course, but the stated contract isn't, as it stands, big enough - most recent contracts have been as big!

I'm not trying to be negative (I did buy some!) but just want to inject a bit of realism.
Be patient, and BTFD.

[hazl] 06/3/2015 10:58

I think the real spread is rather different.
I imagine anything 1.56 and above are buys?

IMO

[hazl] 05/3/2015 10:29

won't be long before this firm is recognised for a good future bet, in my opinion.
It is so small that understandably not noticed yet but I am willing to wait for some steady growth.

Good luck folks!

IMO

[hazl] 04/3/2015 09:52

monitor sorted

I see Morningstar have 2nd of April for interims

[hazl] 04/3/2015 09:02

anybody having trouble with their monitor?

[hazl] 03/3/2015 15:18

To be fair Moneyweek have noticed them previously and who knows....perhaps they

will write a piece again.8-)

[hazl] 03/3/2015 11:52

wouldn't be surprised if some of those recent trades are buys....despite the column....

can anybody confirm?

[hazl] 03/3/2015 10:58

I don't think people realise quite how versatile this company is, and of the moment:

'Crimson Tide, a leading developer of enterprise class mobile business solutions on subscription, has extended its contract with the National Centre for Hereditary Coagulation Disorders ("NCHCD") for a further three years. The Company's mpro5 haemophilia smartphone application has been released on the iOS and Android platforms, which gives patients greater choice and is expected to result in an increased number of individuals using the mobile technology. The subsequent value of this extension to the Company in terms of contracted revenues is €59,000 without revenue from further users.

The NCHCD, part of St James' Hospital, Dublin, is world renowned for its treatment of haemophilia, and started using the technology in 2010. Since its implementation over 115 individuals use the mpro smartphone application to manage their condition and patient compliance has increased significantly with regards to medication recording.

Whilst improved patient safety and medication traceability were the main driving forces behind NCHCD's decision to embrace the mobile technology, the organisation has made significant savings as a result of the reduction in medication wastage and the ability to monitor, in real-time, the frequency and rate at which patients infuse with CFCs (Clotting Factor Concentrates). Savings of over €70,000 were made after the first three months of implementation due to greater visibility of patient'



From an rns back over two years ago but clearly the contract has been extended until 2016.

imo

[hazl] 03/3/2015 10:37

found this on an old link....

'Helium also hold 18.02% and David Newton has a great track record of spotting underbroked, smallcaps that multibag.'

from safestocks.co.uk/wordpress

this is a relatively unnoticed little company....perhaps we will get a bit of footage now!

[hazl] 03/3/2015 09:09

its just an trading update as yet....looking forward to further announcements

going forward.8-0

[malcolmmm] 03/3/2015 08:40

Nice rise, just goes to show that a small investment can make a big return. See how they goand maybe add later on

[hazl] 03/3/2015 08:39

outlook seems good following progreess made


'The Roll out of mpro5 to the food and beverage company has gone well in Australia .The Company expects further expansion of this opportunity and the next deliveries are planned for Germany and North America. The client has expressed its satisfaction with the services provided. The Company continues to work on larger opportunities and is confident of progress. '

imo

[hazl] 03/3/2015 08:18

thanks mdchand interesting observations

[jonwig] 03/3/2015 08:17

21trader - there are forecasts on Digital Look, presumably from the NOMAD, W H Ireland:

(T/O, PBT, eps)
2014-12-31 1.22m 0.14m 0.03p
2015-12-31 1.38m 0.18m 0.04p
2016-12-31 1.78m 0.42m 0.09p

- so we can expect these to be revised, maybe after the full results.

[mdchand] 03/3/2015 08:13

Last interims mentioned 83% gross margins and 28% operating margins. Clearly these must have improved further leading to a highly cash generative position. Last interims showed positive net cash flow of 261k.

While these stats are nice to have, its the operational gearing of one or two big contracts that could literally move the mkt cap 100% in a day.

Anyway, nice confirmation of the global company rolling out mp5 outside Aus and into GERMANY and NORTH AMERICA. While no numbers are given, it must have the potential to be multiple times the contract size of Australia.

[hazl] 03/3/2015 08:09

21trader....its about the business going forward

for me and the growth potential