Cerillion Share Discussion Threads

[jr_] 04/4/2016 16:38

What do these Celtic Resources do then?

[ali47fish] 04/4/2016 14:19

in the meantime the share price si doing very well-well done

[ramridge] 04/4/2016 10:37

I am monitoring this share on ADVFN and it is still coming up as Celtic Resources. Annoying.

[oregano] 04/4/2016 10:27

Price Targets.

[ali47fish] 04/4/2016 10:22

what are pts please?

[oregano] 04/4/2016 10:04

thanks for setting this up. floated on the quiet with only two material new shareholders who have taken big chunks. it was sold on the cheap, 8x EBITDA, and management retain a high level of equity ownership.

No broker PTs yet, shore capital will presumably issue a note when the blackout period expires.

[sian] 30/3/2016 17:57

Are there any PT's set for this Yet?

[saj3] 30/3/2016 15:50

Currently showing buy and sell at the same price 94p

[mg1982] 29/3/2016 08:05

I thought I'd create this new thread for this recent IPO. Seems like a very interesting company. I hold.

Contract news today which bodes well especially if they get the rest of the contracts stated in the admission document.

[mg1982] 29/3/2016 08:03

What they do:

Cerillion is a leading provider of billing, charging and customer management systems with more than 20 years’ experience delivering its solutions across a broad range of industries including the telecommunications, finance, utilities and transportation sectors.

Taken from the admission document March 2016:

Current trading and prospects

Since 30 September 2015, trading in the Group’s core businesses has been in line with management’s expectations.

The implementation projects that Cerillion undertakes are typically governed by long term and high value contracts. As a result, the business typically enjoys a high level of forward visibility of revenues through its back order book and annualised support revenue. The Directors estimate that the aggregate value of Cerillion’s back order book and annualised support revenue as at 29 February 2016 stood at approximately £12.7 million, £3.8 million of which was support revenue. The projects within Cerillion’s back order book are typically performed over a period of up to two years. For these
purposes, Cerillion calculates its “back order book” as including unperformed, contracted work under purchase orders and contracted work that is still subject to the receipt of purchase orders.

The Group is currently in discussions with a large, multi country operator in the Americas, which is an existing customer, with respect to rolling out the Cerillion platform to support additional services and country operations, as well as upgrading existing installations. The project is expected to have a value of $10.3 million, $7.9 million of which is already contracted to be undertaken (and is included in the backlog described above), and will greatly extend Cerillion’s footprint within the customer’s group, with further phases likely to follow in the financial year ending 30 September 2017.

The Group is also in contract negotiations with certain other potential customers, including being selected as the preferred bidder by a mobile operator in the Middle East for the provision of the Cerillion platform to support a 4G rollout and subsequent migration of the existing customer base.

In November 2015, the Group entered into its first contract for the provision of its new Skyline product, with a UK based energy provider.

[td74] 29/1/2008 09:06

Hi any idea if they have to pay shareholders by a deadline date? Last I heard was end feb earliest!!

[hpreston] 13/12/2007 23:56

You will be paid 290p as they have reached there target of 81%

[eastwind] 12/12/2007 19:04

If we accept the offer, when will we be paid? If we accept now, will we be paid 280p or 290p?

[tamref] 10/12/2007 13:25

Well, that's it then. I've held since the year 2000 (except for a 3-4 month gap). Has been good hearing your opinions and talking to you all over the years. Sayonara everyone.

[hpreston] 29/11/2007 08:24

Still to receive the revised offer documents can't see how I can get them back from Australia by the 7th
H

[shutler] 23/11/2007 10:59

Thanks for confirmation PP. Had pretty much guessed about the shorting issue, but at least that's only temporary (not that I'm happy about that either). Looks like I need to find the time to read through these T&Cs properly and see what else they reserve a right to do with my holdings, without my specific permission.

[papalpower] 23/11/2007 10:44

shutler, this is normal for stock held in nominee accounts.

The T+C's are never read by most people, however another thing you agree to is for the company to lend out your shares to shorters.........yes, lots of people here bemoan shorters, but more often that not it their shares being used to short, due to the conditions of nominee mean agreeing that your shares can be lent out.

[tsmith9426] 23/11/2007 10:21

bml a foo company dont think it will go down well at the moment

[hpreston] 23/11/2007 10:11

I find that very surprising and shonky to say the least. There is surely some checks and balances with market deals.
A letter to confirm yes but to decline no way. Not saying you are wrong simply surprised to say the least.
What happens come the cut off date and the required number of shares haven't been offered up. ( 80% ). Does the board stay in control minus there shares as they have obviously sold as they have recommended we sell.
If they stay in control how committed would they be assuming they are no longer shareholders.
Can Severstal with less than 50% of the shares do any damage e.g. get on the board or destroy the company in some other way?
Im afraid I know very little about takeovers especially in another country.
Any words of wisdom would be most welcome

H

[shutler] 23/11/2007 09:52

Not sure about the rest of you that are intent on resisting this offer but I received a message from Selftrade yesterday. Normally I might not look at these for several days, given that they are generally information only or require me to do something to change the status quo on my holdings. Glad I did look and was very surprised to find them stating:-

"As the offer is now recommended we will accept it on your behalf. Should you wish to decline the offer please notify us in writing no later than 5.00pm on 30 November 2007".

Apparently this in specified in their T&Cs under section 8.5. beginning to think about changing the way I hold shares given this kind of term (or is this completely normal with recommended offers anyway?) As far as I'm concerned they're my shares and anyone wishing to deal with them in any way should need my express permission first, clearly this isn't the case.

Have spoken to them and they told me that 'in writing' means by letter, so an e-mail stating no permission would presumably be ignored.

Have drafted the letter and will be sending recorded delivery today. Hope the rest of you are wise to this or make sure you take similar action to ensure your shares aren't tendered without your express permission.

[very big head] 22/11/2007 07:22

Check out BML. A new Cameroon gas play starting today. Tiny market cap..

[shutler] 19/11/2007 16:50

Eastwind - For the present, I'm prepared to see how this unfolds before making any decisions regarding my holding, but as things stand I still have no intention of accepting this lowly offer. Sure would be good to see whether there's going to be any collective effort by shareholders to resist this offer and possible move towards a vote of no confidence in the present board...not sure what the chances are of such an event.

Re: You post 399, I must stop 'scan reading' as I assume you already had the .3% comment in it so little need for me to point it out!

[eastwind] 19/11/2007 15:06

It takes Severstal 10 days to get 0.3%. To achieve 80%, it will take them another 1156 days. LOL.

As we said before, CER is worth about 470p. We might sell it cheaply, but not that cheap (290p).

I will hold on until Severstal gets at least 60%.