Castleton Technology Share Discussion Threads

[sambuca] 11/4/2017 19:41

Suneday
I was being sarcastic.

Sam

[missjojo] 11/4/2017 17:37

Thank you tradermel much appreciated.

All sounded very positive on Twitter today company looking stronger and stronger. Impressed with new CEO dean, he seems to have a grip on things and is appointing strong characters to run the various geographies. Oz especially looks like it could be a potential gold mine over the next 12 months.

[razmo1] 11/4/2017 17:21

Tell me something chimney...what is renowned ex account and share analyst and commentator Paul Scotts thoughts on the FACT that he said all this at ~55p and the share price is now ~70p?

[razmo1] 11/4/2017 17:01

Tell me something chimney...what is renowned ex account and share analyst and commentator Paul Scotts thoughts on the FACT that he said all this at ~55p and the share price is now ~70p?

[chimers] 11/4/2017 16:55

Hey mebbe he was in a good mood or summat...........

[chimers] 11/4/2017 16:53

Hang on I'll ask him..................

[razmo1] 11/4/2017 16:52

Tell me something chimney...what is renowned ex account and share analyst and commentator Paul Scotts thoughts on the FACT that he said all this at ~55p and the share price is now ~70p?

[chimers] 11/4/2017 15:48

UPDATE!!!!! BREAKING NEWS!!!!!


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.

[suneday] 11/4/2017 15:33

In the absence of anything recent and relevant.
Catch you later!
Not today though.

[suneday] 11/4/2017 15:29

Here is what current management said this month.

Trading Update

Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, is pleased to provide the following update on trading for the year ended 31 March 2017 ahead of the announcement of its full year results.

The Company is pleased to announce that revenue and profitability for the year are in line with market expectations. Operating cash generation in the period was significantly better than market expectations, facilitating a continued reduction in the Company's net debt.

The Group expects to announce its preliminary results in late July 2017.

David Payne, Chairman of Castleton, commented:

"I am pleased with the substantial progress Castleton has made in the period having built a leading software and managed services provider in our sector. Meeting our financial targets whilst demonstrating the profitable and cash generative nature of our business is reassuring and we remain focussed on improving our customer proposition and cross-selling our portfolio of products and services. The Board remains confident about Castleton's future prospects."

[chimers] 11/4/2017 14:03

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.

[tradermel] 11/4/2017 14:00

The guy is a weirdo just filter him by clicking on the circle after the name and choose filter ... then he is reduced to one line only.

Anyway, CFO presentation today @CastletonTech

Updates & financial forecast by the CFO, an explanation of where CTP's revenue comes from & how it can be increased

[chimers] 11/4/2017 13:59

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.

[suneday] 11/4/2017 13:58

Anything more recent from this renowned ex accountant - after the trading update I mean?

[missjojo] 11/4/2017 13:57

Chimers I am not being horrible but you are years behind the rest of us. Posting stuff that is years out of date. It just cloggs the board up with rubbish? There has been director buying, CEO buying, MXCP buying, Trading updates advising cash flow improved, and debt reduced, Contract wins etc and yet you post some old washed up 2016 news over and over again. No need to respond I guess everyone else has filtered you and your other aliases, and as soon as figure out how I will too.

[chimers] 11/4/2017 13:46

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] 11/4/2017 13:40

This is using Ian Smiths OWN WORDS ...........A "MICRO MINNOW OPERATING IN A SMALL NICHE MARKET"