Crossrider Share Discussion Threads

[spob] 30/9/2016 16:01

not that it matters now

I would have been a buyer at 25p :)

[spob] 30/9/2016 15:57

Please someone explain the discrepancy between note 5 and note 6 in the interim results.


NOTE 5

The number of shares in issue as at 30 June 2016 was 148,496,073 (30 June 2015: 148,463,039; 31 December 2015: 148,496,073).


NOTE 6

Weighted average number of equity shares for the purpose of earnings per share 141,044,650

[martinthebrave] 30/9/2016 15:56

If todays rise can hold above 38p there is no resistance until 53p. That will have to be worth a top up next week. I hold.

[battlebus2] 27/9/2016 15:43

Moving up :))

[battlebus2] 22/9/2016 08:22

Good to see this board come to life :)) surely this is the bottom, I've pencilled in 60p. DYOR etc

[cheshire man] 22/9/2016 08:17

Happy to hang onto these and indeed added on results :-)

[martinthebrave] 22/9/2016 08:09

I noticed this tweet from Edward Roskill who is normally pretty shrewd - "CROS.Cash 38 pence. c $6.5m EBITDA 2016. NEGATIVE EV. Overhang cleared. Good asymmetric upside". Accordingly, I just bought a few more.

[battlebus2] 21/9/2016 11:20

Well good to see these continue to rise :))

[jon123] 21/9/2016 10:32

seems the quoted spread is not all it seems to be I just bought well within the spread and its showing as a sell

[battlebus2] 20/9/2016 20:41

Well 8 million shares traded today??? We should gap up to the 60p level in time imv...

[horndean eagle] 20/9/2016 13:46

Nice as it is to see the rise there isn't really any volume behind it so not sure how long it lasts.

[kev0856153] 20/9/2016 12:58

Getting noticed
May get some coverage from the online share sites.

[horndean eagle] 20/9/2016 10:53

Guess the real re-rating kicks in once they have deployed the cash into acquisitions. Hopefully they can pick off some decent ones. New CEO is in town. Hopefully making a good impression.

[kev0856153] 20/9/2016 10:22

yeah big volume with nearly 5% of the shares traded already

[battlebus2] 20/9/2016 10:21

Yes results prove they have the ability to transform from the old adtech and cash balances leaves these undervalued imv.

[hatey] 20/9/2016 10:09

2500 max share buy online they have cleared a big overhang hence the spike.

[kev0856153] 20/9/2016 10:08

market beginning to waken up

[kev0856153] 20/9/2016 09:57

Market asleep at the wheel here.

[kev0856153] 20/9/2016 09:14

£36M market cap compares with £53.5M cash.

In fact its even better because receivables of $10M are greater than liabilities of $8M.

Net asset value is £68M


If this company was losing lots of money then fine, but its cash generative and adjusted profit was 1.8 cents for H1.

On a full year that is 2.7p of earnings which is a PE of 9.5


These should be over 35p

[kev0856153] 20/9/2016 08:13

Financial highlights

Revenue of $28.7 million (H1 2015: $40.8 million), down $12.1 million of which $11.9 million is due to the expected decline in the Web Apps and License segment

App Distribution segment (1) result increased to $5.9 million (H1 2015: $4.1 million)

Media segment result increased to $1.7 million (H1/2015: $1.5 million)

Adjusted EBITDA(2) in line with management expectations at $3.5 million (H1 2015: $5.5 million)

Adjusted basic EPS(3) at 1.8 cents per share (H1 2015: 2.6 cents per share)

Adjusted cash flow from operations at $4.1 million (H1 2015: $5.0 million) representing strong cash conversion of adjusted EBITDA of 119% (H1 2015: 90%)

Cash balance at the end of the period of $70.2 million to execute new strategic plan

[kev0856153] 20/9/2016 08:12

Back in here!

£36M market cap compares with £53.5M cash!

[battlebus2] 12/9/2016 13:26

Looks like someone has given up on these with sales of 80k ;))

[battlebus2] 17/8/2016 22:05

No surprise the call option on shares has been terminated give the share price is half the option price.

[battlebus2] 26/7/2016 08:06

Update out with todays results notice, 29% fall in revenues with ebitda around $3.3 and net cash of $70..Further fall of 15% expected for full year. Not as bad as i feared but not good nonetheless i'm happy to hold. Some development spending later this year as the strategic plan starts to have an impact....
Ido Erlichman, Chief Executive Officer of Crossrider, said:

"The immediate actions following management's review are designed to increase the long term prospects and profitability of the Group. I am pleased to report our actions have improved our cash-flow and set the foundations for sustainable growth. The Group's balance sheet remains strong affording Crossrider the strategic platform to realise acquisitive growth.

"In my review I have found that Crossrider possesses a culture of operational excellence, as well as quality talent which has strength in depth. I look to the future with confidence, as does everyone at Crossrider. I look forward to updating shareholders with Crossrider's new strategic plan in September."

[battlebus2] 31/5/2016 07:49

CEO appointed though Mark Carlisle to step down in August. M&A getting closer imv