Crimson Tide Share Discussion Threads

[billbyrne] 13/10/2016 08:06

With gross profit margins over 90% this contract will have a big impact
on this years figures. It may even enable them to start paying a dividend.

[lanzarote666] 13/10/2016 08:04

'further opportunities'

Just the start in my opinion, and probably more in the pipeline. There are opportunities beyond the UK to explore.

And check out the GP margin.

Should be on the leaders board this morning.

:-)

[flashheart] 13/10/2016 07:57

Certainly will re-rate on the back of this contract which shouldn't be the only one. I bet everyone wished they'd bought after yesterdays little 'taster'.

[billbyrne] 13/10/2016 07:47

Excellent news this morning.

Significant long term contract win with large UK retailer
Crimson Tide TIDE , the AIM--quoted provider of mpro5 -- Smart Mobility as a Service, has signed its most significant long term contract with a large UK retailer. Its mpro5 service will be used to ensure store safety, cleanliness and security. This deployment follows a successfully executed pilot.
The contract value is worth over GBP1.7m of additional revenue over an initial term of 48 months, the largest gross revenue contract in the Company's history.
This extended roll out involves implementing the mobility platform to almost 500 stores to enable the scheduling of regular cleaning, reactive cleaning and incident capture; as well as providing dynamic audits and bespoke management dashboards.
Barrie Whipp, Executive Chairman of Crimson Tide, said: "This landmark contract is the largest in our history in terms of value and means that mpro5 will be present in nearly 500 more locations throughout the UK. The four-year term represents validation of the partnership we have quickly formed with this well-known retailer. The contract represents another cornerstone of our enterprise level agreement strategy, which now represents a substantial element of our contracted revenues for the coming years
Following this contract win we are accelerating other expansion plans, both in the UK and overseas. The Directors are extremely pleased with this long term contract, which is the culmination of a great deal of work by our team. We are very excited indeed about the future prospects of the Company and look forward to pushing ahead with further opportunities."

[aussiedonnie] 04/10/2016 09:01

I've reduced my TIDE holding, as we're simply not moving.

good luck all.

[hlp_4u] 22/9/2016 08:53

Important point to bear in mind is that as turnover is up the RNS flow on orders will slow as they have to be MUCH bigger to be regarded as material.....otherwise good steady growth and strong prospect of dividend declaration next year. Well done TIDE.

[billbyrne] 22/9/2016 07:58

Good set of results, turnover up 25%, profits up 100% and cash position
building nicely. Happy to hold.

[aussiedonnie] 24/8/2016 10:25

Buys are coming back, guessing we'll more likely see TIDE @4p than 2p short term anyway.

Good luck all.

[activeservo] 03/8/2016 10:45

A nice slow tick up to results at the end of next month would be nice.

[lanzarote666] 21/7/2016 17:00

Pink Gun – you are a man of few words, so it is difficult to understand the basis for your 9p target.

But with the news of further contracts this week I am bullish too and have found an entry point. I believe that 2.80p is now looking to be a support line.

Sales are expected to double and TIDE is lowly operationally geared, so with margins of 92% these new contract wins should go straight to bottom line.

Contracts are usually 36 months which provides some recurring revenue which I like. 65% of recurring revenue was quoted previously, so good evidence of sustainable earnings.

I recall that following a previous pilot project announcement it led to a £1.10m contract over 36 months, so if this latest High Street retailer pilot is a success may we be looking at £1.50m over four years? They indicate 48 months rather than 36 months which suggests confidence.

For such a small Company it is a surprise to see profits and cash generation in what is a growth sector. We have a prudent and experienced management team.

Tesco and Sainsbury have been buyers on the retail side and this should encourage others to believe that mpro5 is worthy of investment. Blue chip names are other purchasers. We may be reaching the point where mpro5 can deliver on a large scale.

This could go global quickly so news of Asia contracts in the healthcare sector provides new horizons and is encouraging. Europe and Africa are also on the radar.

The scalability of this product is the key point and quite attractive in my view.

DYOR. NAI

[the_man_with_the_pink_gun] 20/7/2016 21:26

STRONG BUY

TARGET 9P

[billbyrne] 18/7/2016 07:49

More excellent news this morning, another large UK retailer signs contract.

[activeservo] 15/7/2016 08:04

Yesterday's news is great longer term. Had support at 2.8p for a few weeks now. Nice to see it break 3p today but all uncertain nowadays...

[the shuffle man] 14/7/2016 08:08

Excellent announcement today, great potential for new market opportunity.

[quidnunc] 15/6/2016 12:12

Could be looking at an IHS forming on the chart although the Ichimokou signals are consistently bearish.
Q.

[flashheart] 14/6/2016 08:20

Encouraging indeed.......just waiting for the resident 'expert'.

[the shuffle man] 14/6/2016 08:19

Nice contract win announced today. Hopefully uptrend will re-commence.

[activeservo] 07/6/2016 09:37

Quote: A recent report from US software giant Citrix forecast that by 2017, some 50% of businesses would have a mobile working policy, and by 2020, 70% of people would work away from the office as often as they worked at a desk.

[aussiedonnie] 28/5/2016 20:24

Bapodra, you gotta be in it to win it.

good luck all.

[geraldus] 19/5/2016 15:30

Has somebody just dropped a million?

[celeritas] 21/4/2016 20:37

Pilots are being rolled out with significant customers, these could lead to contracts at any point now.
The companies tide have contracts with are a major plus, just getting through the door is hard enough but to actually use your smart mobility platform speaks volumes.
These blue chip companies open the doors to other blue chip companies virtue of, that must be good if you are using them.

A few more of these will go down very well.

Crimson Tide announces that it has entered into a landmark contract for its mpro5 solution with one of the country's leading retailers. The contracted revenue is expected to amount to approximately £1.1m over the 36 month term. The rollout is anticipated to commence by the end of this year and invoicing will build during the deployment process which is expected to be fully completed during the first half of 2016.

[activeservo] 21/4/2016 16:17

It's just trading styles. I seek out AIM companies at rock bottom share price (perhaps fallen due to poor management but have now addressed this, e.g. COMS) which have the potential for or have just started growing. This can be a new company or turnaround, such as TIDE. Getting in just before or just after the real growth has kickstarted is key. This is high risk investing rather than penny share punts and desperately trying to follow the next P&D. Bapodra has his own view which is fine. TIDE's double profits yesterday say it all. May not be much in real terms, but it's significantly better than a loss (which most of the penny shares run at).