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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Castleton Technology Plc | CTP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 94.75 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 94.75 | 94.75 |
| Top Posts |
|---|
Posted at 06/1/2020 16:07 by suneday Holdings RNS. New Holder. Long Path Partners Smaller Companies fund takes 5% |
Posted at 06/11/2019 10:45 by suneday Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, was notified today that Paul Gibson, Non-Executive Director of the Company, purchased 10,000 ordinary shares of 2 pence each in the Company ("Ordinary Shares") at a price of 66.0 pence per Ordinary Share.Following the purchase, Mr Gibson is beneficially interested in 10,000 Ordinary Shares, representing approximately 0.01% of the Company's issued share capital. |
Posted at 05/11/2019 08:51 by suneday FinnCap Morning NoteMapping out a steady second half. Interims reveal performance in line with unchanged expectations, bar IFRS16 amendments and minor tweaks since the October update. The merging of the two former divisions to create ‘One Castleton’ is expected to deliver benefits, along with rightsizing of the Professional Services team and a focus away from competing for low-margin Hardware revenue. New contract wins such as three Managed Services deals in the period show the continuing opportunity, as well as gaining preferred supplier status to the National Housing Federation (the Housing Association industry body). The Housing Association customer base has increased to 595 (FY19: 591), of whom 52% (FY19: 50%) take more than one product; the contracted order backlog has increased 5% since 1H19; recurring revenues constitute 66% of revenue into 2H20, giving confidence in forecasts; and the group remains well placed once the customer base assesses and commits to the inevitable future in cloud or hybrid software delivery. With 48% of revenue and 44% of EBITDA delivered in the first half (1H19: 49% and 47%), we look to the benefits of execution to deliver a solid 2H and a return to cloud-derived growth in visibility and quality of earnings into FY21. Target 130p reiterated. Interims for the period to September 2019 delivered EBITDA of £2.9m (pre IFRS16 £2.7m vs 1H19: £3.0m) from revenue of £11.6m (£12.9m), -13% organic. Postponement or cancellation of expected contract wins affected 1H and FY expectations (adjusted accordingly in October), even as 1H20 vs 1H19 recurring revenue grew from £7.0m to £7.6m and order backlog grew 5%. Net debt of £4.1m (March 2019: £4.9m; September 2018: £4.9m) highlights continuing positive cash flow, comfortably funding the maiden dividend and an increase in capex to drive future growth. Customer cloud transition led to reduced one-off revenue (particularly Hardware and Professional Services) and accelerated transition to recurring revenue. Movement in the order backlog included decline in one-off orders (£15.5m to £14.9m), even as the recurring revenue backlog grew from £13.1m to £15.2m. New contract wins included Grand Union (£1m over 4 years); Suffolk Housing (£0.5m over 3 years) and Colne House (£0.4m, over 2 years). 73% of sales in the period were to new customers, highlighting opportunities within the group as well as through the National Housing Federation, to target smaller HAs. 1H challenges were met with a robust response to cost management, and we look forward to further proof of execution as the balance sheet strengthens to net cash during FY21. Target 130p reiterated. |
Posted at 10/10/2019 07:17 by chimers Business is not scaleable it has nowhere to grow.Australia and Holland both FAILED. The UK market is already saturated by ...CTP so thats it. They didn't branch out into other sectors and this is why MXCP dumped it. They knew the growth era was over and it was up against a brick wall. I told you all of this. Granted it took a bit longer than expected but it had to happen. |
Posted at 29/4/2019 07:25 by suneday Last broker updateCastleton Technology (CTP): Corp Positive trading update Castleton has released a full-year trading update confirming performance in line with unchanged forecasts: EBITDA of not less than £6.3m (vs £6.3mE) is expected from revenue from not less than £26.3m (£26.5m), with operating cash conversion (of EBITDA) of 95% (95%E). The group’s strategic opportunities for growth are supported by this continued proof of strong cash generation – forecast to reduce net debt to negligible levels of close to net cash by March 2020. After a busy and constructive year including the acquisition of Deeplake (a digital communications platform) and acquisition and consequent insourcing of its outsourced offshore R&D operations, we look forward to prelims in June for more detail on the clearly effective growth drivers. Target 125p reiterated. |
Posted at 09/4/2019 01:55 by newtothisgame3 #Castleton #Technology (#CTP) Buy. revenues of not less than £26.3m, and adjusted cash profits of no less than £6.3m, “representing continued good organic growth”. |
Posted at 08/4/2019 11:21 by suneday Trading update today. All according to plan, with debt decreasing. No further mention of dividend - promised but not yet delivered. |
Posted at 10/1/2019 22:59 by suneday RNS Cash Acquisition of Deeplake Digital Ltd ( specialising in landlord/tenant communication ) |
Posted at 08/1/2019 13:31 by suneday RNS yesterday. Connect Housing contract and Cluid go live. 125p target price reiterated. |
Posted at 24/10/2018 13:13 by suneday RNS yesterday. Reduction in capital complete, to permit dividend ( intended this year ) |
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