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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Castle Street | CSI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 37.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 37.00 | 37.00 |
| Top Posts |
|---|
Posted at 16/2/2016 10:26 by mr roper Castle Street Investments acquire C4L Group Holdings in £20.2m deal09:36, 16 Feb 2016 By Scott McCulloch Edinburgh-based Castle Street Investments set up after dating website firm Cupid “realignedR Shares Subscribe image: hxxp://i1.dailyrecor Pic: Connexions4London Ltd Pic: Connexions4London Ltd Castle Street Investments has acquired network services and data hosting firm C4L Group Holdings Ltd in a £20.2 million cash and shares deal. Edinburgh-based Castle Street Investments set up after dating website firm Cupid “realignedR Castle Street Investments said the deal comprises £14.2 million in cash, which will be “funded through the company's existing cash resources and debt facilities”, with the balance to be “satisfied through the allotment of 18,346,918 new ordinary shares in the Company, to be issued at a price of 32.5p per share”. Castle Street Investments adds: “In addition as part of the acquisition the company will assume liabilities of approximately £2.8 million. “The Consideration Shares will be subject to a 12 month lock-in agreement, followed by certain orderly market provisions for a further 12 month period. “Application will be made to the London Stock Exchange for the Consideration Shares to be admitted to trading on AIM and admission is expected to take place on or around 19 February 2016.” The deal is the second announced by Castle Street Investments so far this year after announcing plans in January to raise £30 million from investors to acquire IT outsourcing firm Selection in a reverse takeover. Dorset-based C4L Group Holdings Ltd was incorporated in 2013 and in most recent accounts, covering the 2014 year to October 31, reported a 6.6 per cent increase in revenues to £13.01 million and pre-tax profits of £43,166. C4L Group Holdings Ltd, which employs 45 staff, is the parent company of Connexions4London Ltd, a “data centre, connectivity, cloud and communications provider with access to 100 data centres in the UK and more than 300 globally,” C4L Group Holdings notes in 2014 accounts. Connexions4London Ltd was incorporated in 2004. C4L notes it has invested heavily in its network building to offer 10 gigabit connections as a standard. Castle Street Investments notes for the year ending October 31, 2015, C4L Group Holdings booked £13.9 million in revenues and a pre-tax loss of £0.40 million. Castle Street Investments said C4L's current trading in the three months to January 31 “has delivered an annualised turnover of £14 million and run rate EBITDA [earnings before interest, tax, depreciation and amortisation] of £2 million with further growth expected”. Adding: “The acquisition will be immediately earnings enhancing and, in line with the company's strategy, will facilitate a broader integrated service offering to a larger client base while focusing on delivering higher margin services.” C4L founder and chairman Mathew Hawkins and chief executive Simon Mewett will join the board of Castle Street Investments Plc as chief technology officer and chief operating officer respectively. Andy Ross, chief executive of Castle Street, said: “C4L combined with our recent acquisition of Selection Services demonstrates the progress we are making towards becoming an integrated IT Services and Cloud provider. “C4L has a high quality, next generation infrastructure which has been well invested. “Allied to a successful business with high levels of recurring revenue it offers strong growth opportunities. “The enlarged customer base and product portfolio strengthen and consolidate our position in the industry and as a board we are excited by this acquisition which supports the next step in the company's development.” Jonathan Watts, chairman of Castle Street, added: “Matt and Simon have done an excellent job in building C4L. “We welcome them to the board and look forward to their contribution as we continue to execute on our focused growth strategy.” Shares in Castle Street Investments were up 4.8 per cent in early trading on Tuesday. Read more at hxxp://www.dailyreco |
Posted at 16/2/2016 07:51 by zac_mo The market likes a company that delivers and that is exactly what CSI are doing. Their track record will no doubt help further develop investor confidence. On those figures I don't think 55p is all that muxh tbh. We shall see |
Posted at 21/1/2016 20:44 by adorling ... Glad to see the weak sellers take their 2-3p profit and leave the real returns for us investors. |
Posted at 18/1/2016 19:00 by arlington chetwynd talbot I'm looking at those numbers, the paltry £1.3m operating profit, the lacklustre single digit earnings' growth, it's not a £35m firm at all. Why has £35m been paid in cash for a business that on a very good day might be worth £25m?I can only think that Selection saw you coming and knew you were a forced buyer due to AIM rules. You have paid way too much for a low-growth company that isn't even making much money. What's worse it's taken a year to "achieve" this feat. All investors make mistakes and I fear the backers of this have made an expensive one, whether with their own hard earned or other people's. |
Posted at 07/1/2016 10:03 by mr roper Castle Street Investments to raise £30m to buy IT outsourcing firm13:21, 6 Jan 2016 By Scott McCulloch The Edinburgh-based company notes in a statement to the AIM market it proposes to acquire the entire issued share capital of Selection Services Investments Ltd, in a proposed £34.8m reverse takeover An investment company set up after dating website firm Cupid “realignedR Castle Street Investments, created in December 2014 after Cupid offloaded the last of its dating websites on Christmas Eve 2014, began trading on the junior AIM market in January 2015. Prior to its “realignment&# Castle Street Investments Plc was registered as a newco with Companies House on December 8, 2014. The Edinburgh-based company notes in a pre-Admission statement to the AIM market on Wednesday it proposes to acquire the entire issued share capital of Selection Services Investments Ltd in a reverse takeover. Bromley-based Selections' most recent accounts, covering the 2014 year to June 30, show a pre-tax loss of £4.88 million on sales of £36.3 million. The company had reported a £3.88 million pre-tax loss on sales of £33.4 million in restated 2013 accounts. The 2014 accounts show Selection ended the year with net liabilities totalling £8.24 million. Castle Street Investments proposes to acquire the business for an aggregate consideration of £34.8 million “on a cash-free, debt-free basis”. It proposes the £34.8 million consideration will be “payable as to the £34.4 million in cash and as to the balance by the issue of 1,353,810 new Ordinary Shares to certain key executives of Selection”. Castle Street Investments proposes to issue 172,55,803 Ordinary Shares of 2.5 pence at a price of 30 pence per share, with “anticipated market capitalisation on Admission approximately £51.8 million”. On admission, Guernsey-based corporate finance firm MXC Capital will be the largest shareholder with a 24.92 per cent stake. Investment firm Kestrel Partners LLP will remain the second largest shareholder in Castle Street Investments with a 16.36 per cent stake. Kestrel Partners chief execute Matthew Royde is currently a non-executive director to Castle Street Investments. Cupid co-founder Bill Dobbie will be the third largest shareholder with an 8.51 per cent stake post admission. Also holding stakes post Admission will be Coltrane Asset Management (6.44 per cent); Elevage Ltd (3.86 per cent); Liontrust Asset Management (3.58 per cent); and Henderson Volantis (3.22 per cent). Castle Street Investments expects the new shares to be admitted on January 21. |
Posted at 24/12/2015 07:36 by adorling I trust the Management will allow Private Investors to participate fully in the placing? |
Posted at 22/12/2015 14:23 by crapcrap i bet you couldn't squeeze out one csi share between all three of them. lol(monkster, butler4 and 2chimp) so why are they here? oh, that's right, to help us poor old investors. nothing better to do just before christmas. lol |
Posted at 30/9/2015 15:38 by 11_percent Chimers 30 Sep'15 - 11:33 - 517 of 521 2 1We have hard evidence they left the backdoor wide open. As investors in specialist tech/software companies we have as you would expect a certain amount of expertise in this area. Quite a lot in fact. You don't want to be using this site at all you must ask yourself and wonder if you would join a club of any sort run by criminals and hand over your bank details!!? They slipped up big time. We wont. Its all in hand. ------ There is no backdoor. As investors in specialist tech/software companies we have as you would expect a certain amount of expertise in this area. We ain't invested in anything. Best regards, TW. |
Posted at 09/9/2015 17:23 by 11_percent johnsmith321 9 Sep'15 - 10:27 - 231 of 268 2 2As IBANS described earlier, there are a lot of serious tech investors invested in CSI. I think this will go the way of CTP or redcentric. If new investors have patience (till December) then I expect the share price will reward them even if they entered at 40p. Do not sell out, otherwise you will miss the news and miss the largest increase that will come with the rev. acquisition. ------ Say it again.... "that will come with the rev.aquision" Anyone know what this idiot is on about. What is "that" What is "rev" What is "about", about. |
Posted at 09/9/2015 10:27 by johnsmith321 As IBANS described earlier, there are a lot of serious tech investors invested in CSI. I think this will go the way of CTP or redcentric. If new investors have patience (till December) then I expect the share price will reward them even if they entered at 40p.Do not sell out, otherwise you will miss the news and miss the largest increase that will come with the rev. acquisition. |
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