Castleton Technology Share Discussion Threads

[1hopefultrader] 10/4/2017 13:33

Whatever way you look at CTP if it is not £1.2+ by Christmas I would be very surprised.

[1hopefultrader] 10/4/2017 13:30

A security company would fit the bill, or maybe another OZ acquisition. But lets not get ahead of ourselves, one good thing at time. My understanding however is the board are happy with where they are and are focusing on cross selling opportunies and new clients and customers.

[suneday] 10/4/2017 13:28

Old hat. Done that one, repeatedly.

[chimers] 10/4/2017 13:27

Here is what renowned ex accountant and share analyst and commentator Paul Scott had to say about CTP shares.
As its old news I hope he wont mind me repeating it here....

CTP the interim figures announced today look encouraging, until you look at the balance sheet, which looks very weak to me. NAV of £15.4m drops to negative -£18.4m after the £33.8m intangibles are written off.

Working capital seems very weak, with a current ratio of 0.55.

Note the deferred income, and borrowings are both quite high. So it looks like a business that is funded from favourable working capital (i.e. getting cash in from customers before it has to pay cash out), plus debt - that all looks a bit too precarious for my taste. So it's not for me.

[chimers] 10/4/2017 13:26

But they are not a "GROWTH" company they survive "just" on DEBT.

[suneday] 10/4/2017 13:25

And if there is a placing at this consolidated stage - so what?
I'm expecting an acquisition - they just told us they're looking to improve their offering, so it may follow as part of that. Maybe even at a premium.
Young growth company without fund raisings - that would be a thing.
Bring that growth on.

[1hopefultrader] 10/4/2017 13:18

Rather happy with my investment here! Nice to be in a AIM company that does what it set out too. No Glamour, no gimmicks just straight up business!

[chimers] 10/4/2017 12:04

No not missing , but you will be "missing" all yer dosh soon!!

By the way this recent pump and pump by the company is because ?



PLACING

[king kong dong] 10/4/2017 08:30

Ok, let's summarise guyz:

Everything Super Trader C said was wrong.

See ya!

[1hopefultrader] 10/4/2017 07:54

Got to be worth more than £ now. WOW

[tradermel] 06/4/2017 11:21

LISTEN?

If you listen real hard you can hear the sound of sobbing coming from Chimers's little Troll Cave, Poor sad, pathetic Chimers sobbing his position away.

[suneday] 05/4/2017 14:16

Wasted enough time with your stupidity.

[chimers] 05/4/2017 14:13

THEY ARE STRUGGLING TO KEEP UP WITH EXPECTATIONS AND THOSE EXPECTATIONS WERE SET VERY LOW.

[suneday] 05/4/2017 14:11

I've made my point, other than what I told you before, that deferred income very probably relates to up front payments for contracts not yet started - set up fees, which can now fall to be recognised as income as work progresses.
And they're hitting their financial targets, and showing increased profitability.

[chimers] 05/4/2017 13:56

Which part of this do you have trouble grasping ?

CTP the interim figures announced today look encouraging, until you look at the balance sheet, which looks very weak to me. NAV of £15.4m drops to negative -£18.4m after the £33.8m intangibles are written off.

Working capital seems very weak, with a current ratio of 0.55.

Note the deferred income, and borrowings are both quite high. So it looks like a business that is funded from favourable working capital (i.e. getting cash in from customers before it has to pay cash out), plus debt - that all looks a bit too precarious for my taste. So it's not for me.