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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Castle Street | LSE:CSI | London | Ordinary Share | GB00B4NJ4984 | ORD 2.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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| 0.00 | 0.00% | 37.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
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| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | O | 0 | 37.00 | GBX |
Castle Street (CSI) Share Charts1 Year Castle Street Chart |
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1 Month Castle Street Chart |
Intraday Castle Street Chart |
| Date | Time | Title | Posts |
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| 30/4/2016 | 14:07 | Expose | 1,297 |
| 18/3/2016 | 07:05 | A NEW COMPANY WORTH INVESTIGATING | 2,219 |
| 17/12/2015 | 03:50 | Why Rampers Galore? | 19 |
| 30/10/2015 | 15:43 | Crime Scene Investigation | 6 |
| 02/10/2015 | 12:27 | CASTLE STREET (EX Cupid or was it Stupid!) | 11 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 17/2/2016 11:20 by albert3591 I think more acquisitions will come,more share placings, and the share price will stay at this level,then one morning pow, up we go no one gets in easily.Share placings over subscribed,but I wont moan to much if we get a bit of a rise first. |
Posted at 17/2/2016 09:28 by mr roper Selection Services owner makes £20m purchaseInvestment vehicle CSI acquires datacentre operator C4L a month after buying MSP Selection Services By Jack Gilbert More from this author 16 Feb 2016 Fresh from its takeover of managed service provider (MSP) Selection Services last month, Castle Street Investments (CSI) has completed a £20.2m deal for network services player C4L Group. Castle Street Investments was previously a dating website but sold its assets to become an investment vehicle. Last month it received investment from MXC Capital. Following this it acquired Selection Services, and MXC partner Andy Ross, who joined CSI as its new CEO, told CRN he was looking to create a £100m buy-and-build mid-market player. Now CSI has made a second acquisition, this time taking on C4L, which provides network services and datacentre hosting from its own datacentre. For its year ending 31 October 2015, C4L's sales were £13.9m. Ross said the deal is a significant step for the firm on its journey to be a leader in cloud and managed services. "We wanted to have the ability to put the managed services capability we bought with Selection, with a modern network and data infrastructure provider," he said. "That is what C4L have been building for the last few years. They have a modern, high-capacity, high-performance MPLS network and a datacentre in Bournemouth that we can use to offer a modern network-based solution for our client base. "It's moving us towards what we wanted to be, which is an integrated managed services and cloud provider with our own assets; it's a big step forward," he said. "It allows us to have control over network capacity and performance." Following the deal, Ross said there will be no office closures for C4L which has bases in Bournemouth and Docklands. He said the firm will operate under a new brand, neither C4L nor Selection, but a name has yet to be decided. He said that both firms will be integrated as one company. "Both companies bring complementary tools and services and both have a skilled workforce. The ability to bring that together and provide better value to our client base is great," he said. "We will run it as one business, with one sales and delivery team providing standalone managed services and cloud-based solutions and a network datacentre [offering]." Following the deal, C4L chairman Mathew Hawkins and Simon Mewett, C4L CEO, will join the board of CSI as its CTO and COO respectively. Ross said having these figures on board will be a boost for CSI. He also indicated that further acquisitions could be made in the managed services space again or with another datacentre. The deal was funded by the investment from MXC in CSI and was made up of £14.2m in cash and the allotment of 18,346,918 new ordinary shares. |
Posted at 17/2/2016 09:26 by mr roper By | Paul Kunert 16th February 2016 13:28Brit bit barn and hosting slinger C4L Group sold for £23m Castle Street Investments goes from online dating biz to tech services LSE-listed Castle Street Investments has slurped network services and bit barn hosting biz C4L Group Holdings for circa £23m. Under the terms of the sale, the investment vehicle - born out of its online dating firm Cupid - will pay £20.2m for C4L’s equity (£14.2m in cash, the rest in shares), and assume £2.8m of debt. . C4L owns and runs coreTx which includes a 100Gbps MPLS network built on Juniper, fibre connectivity in more than 50 server farms, a 3MW data centre in Bournemouth and a VoIP platform. It sells to circa 800 customers. In the last set of filed accounts at Companies House for the fiscal year ended 31 October 2014, C4L reported an operating profit of £239,314, down 53 per cent year-on-year and sales of £13m, up from £12.2m. A delayed network upgrade was blamed. According to CSI, trade for the three months ended 31 January 2016 indicated a run rate for this year of £14m. Some 90 per cent of revenues are recurring. The 45 staff based in Bournemouth and London Docklands will move across to CSI, including C4L founder Matt Hawkins and CEO Simon Mewitt, who will become group CTO and COO respectively. This is the second time in as many months from CSI; it splashed £34.8m on Selection Services in January to roll up companies in the fragmented mid-market managed services sector. The plan is to bulk out top line revenues to £100m inside three years. Selection Services sells infrastructure, network and cloudy services. In the 12 months ended 30 June 2015, it turned over £30.7m, down from £31.8m in the prior year, and reported operating profit of £1.1m, versus £30,796. Analyst Megabuyte said the buy makes sense, “with the combination of managed services and networks meeting the increasing trend among UK mid-market businesses to buy properly converged services from fewer suppliers in an increasing hybrid cloud/ IT world”. |
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 17/1/2016 19:51 by panamul Apart from(a) the potential of Selection, (b) the over twice over-subscription by institutions at 30p, and (c) the excellent track record of MXC with companies like CTP, Accumuli, Redcentric to name a few, for those that are still in doubt regarding the potential share price of CSI upon relisting, I would turn your attention to two other companies that have been recently graced by MXC:- Pinnacle share price has increased by over 100% since it was announced that MXC now have their man running the company. Nothing else done yet. Just MXC now running the show and the market has doubled its valuation of the business.- Cash-shell Eco-City Vehicles is currently being valued at about 2.5 times its cash value simply due to MXC's "takeover". Sure, this sounds like poor value, but that is the value the market is placing on a cash shell simply due to it being under MXC's control.So with all that in mind, justified or not, the suggestion that we could open anywhere near 30p is just ignorant of the way markets have responded to MXC's involvement in the past. |
Posted at 05/1/2016 23:11 by panamul In terms of a valuation of CSI when unsuspended I think we should be looking at the value the market places on Castleton, considering Castleton was also a buy and build put together and run by MXC.Below figures for Castleton are extrapolated from half year figures ending 30/09/15.RevenueSele |
Posted at 05/1/2016 14:44 by mr roper Selection Services eyes £100m sales under new ownerNewly acquired MSP set for expansion, new CEO Andy Ross tells CRN By Jack Gilbert More from this author 04 Jan 2016 Serial channel investment house MXC Capital has bagged a 25 per cent stake in managed service provider (MSP) Selection Services, as it looks to create a £100m buy-and-build mid-market player. MXC's move is part of Castle Street Investments' (CSI) £34.8m reverse takeover of Selection. To fund the acquisition, CSI, which was previously a dating website but sold its assets to become an investment vehicle, announced the conditional placing of shares to raise £30m. As part of this placing, MXC announced an investment of £12.9m worth of equity, which equates to roughly 25 per cent of the shares of CSI. Selection is a private equity-owned MSP focused on the mid-market with revenues of £34.5m for the year ending June 2015. As part of the deal, MXC partner Andy Ross is becoming CSI's new CEO, with Selection's MD Grahame Harrington due to leave the firm following the deal's completion. Ross told CRN he has been charged with building up Selection through acquisitions. "What you typically find in the mid-market is that the CIO deals with a number of different suppliers," he said. "There is no one supplier who can deliver everything they need. In the enterprise space, a lot of the larger providers have their own network, datacentres and their own people, but we are going to replicate that in the mid-market." He said that while Selection has a good base as an MSP, it still relies on third parties, such as Telicity, for datacentre hosting facilities and that restricts it over pricing and is not "the most efficient way of doing things". "So our plan is to take a managed services platform – in this case we started with Selection – and deliver around that with our own network and datacentre assets," he said. "So over time we can deliver the full range of services and technology our clients need, but do it on our own assets base. Therefore we have control over the assets and the pricing and that will make us more competitive in the market." In order to provide its own autonomous services, Ross said there will be acquisitions, with the first "likely" to come in 2016. A statement released by CSI said the targets will be "assets offering datacentre infrastructure, network connectivity and managed services". He said he is hoping to transform Selection from a £35m-revenue firm to a £100m-player in the next three years through these acquisitions. Following these deals, Ross said it's "likely" that the Selection brand will be changed once other firms are integrated into it. But he said that besides the departing MD, Harrington, and CFO, Mark Woodall, there will be no other changes to personnel at the MSP. A lot of players similar to Selection are constrained by their private equity owners who don't provide them with enough capital to expand, Ross added. But he said the MXC and CSI takeover will provide Selection with the financial backing it needs to grow rapidly. This investment by MXC is not the first buy-and-build MSP venture it has undertaken, with it also investing in Pinnacle and Redcentric. But Ross said he is "confident that there is very little overlap between" these MSPs, as Redcentric is focused on the large end of the market and Pinnacle is focused on the small end, with Selection in the middle. Industry analyst Megabuyte said Selection still has a long way to go to provide a full offering, but it is in the right hands now. "Under [private equity firm] Palatine's watch, Selection had done much of the groundwork in making the transition to a cloud services provider," the analyst said. "On top of its core IT managed services offering, it has acquired cloud services and business comms to round out the service. "However, we believe that work still needs to be done to pull all those strands together into a coherent customer offering. This work can now be completed under the new management team, and potentially within the scope of a larger group. And on that note, the fact that CSI has structured the deal so it still has plenty of fire power on its balance sheet suggests that further acquisitions may not be too far behind." |
Posted at 04/1/2016 10:38 by phenomenonnick Hi all,I've got 300,000 shares here so I'm keen for this to do well, but isn't this an extremely full price to be paying? 1x revenues for a firm with no profit and whose revenues are falling despite an acquisition (8el)? The purchase price is over 10x EBITDA. Isn't that pretty steep? Or at least, not an amazing deal. It's surely only momentum and excitement which will push the share price higher in the short term? Maybe MXC's partner who is our new CEO can find some great acquisitions, and I hate to rain on the party, but for me the jury's out. |
Posted at 30/11/2015 14:05 by albert3591 Similar to ctp, sells share price not moving much,would not be supprised to see similar happening with csi. |
Posted at 30/9/2015 16:02 by 11_percent From 1/2 year reportWe continue to evaluate acquisition targets in line with our stated investment policy, as an alternative to a cash distribution to shareholders. ----- 11% is totally confused. I thought we were a fund, investing in shares. Now, it is an acquisition vehicle. Distribution. Was this ever on the cards? Who convert to a cash shell, just to return cash to share holders. (Arli, I know you told me) They want it both, share price up and distribution. If it is the acquisition option, then the money might go to K. However, they need gearing. This means CSI will place shares. Most likely to their M8s. Let's wait for acquisition roomier, then the fund raising/placing. |
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