Checkit Share Discussion Threads

[agnes] 31/10/2024 22:47

Where would the share price be without JW? Best news in ages in my opinion. Someone with a track record of making investors millions.

[tradertrev] 31/10/2024 11:03

Interesting that the TR-1 notification specifies the buyer as "John Wilson & closely associated persons." Speculatively, these could include his private equity partners/backers. It could also be his spouse of course.
Don't be short!

[tradertrev] 30/10/2024 14:58

Already up to 5%. Serious buying boots on!

[tradertrev] 29/10/2024 23:00

I meant taking the company private before it has a chance to show its full potential.
If he is just a supportive shareholder then great!

[porous lover] 29/10/2024 19:11

He already is by the looks of it Trev. If shareholder value is aligned with greed what’s the beef? Isn’t that what capitalism is predicated on?

[tradertrev] 29/10/2024 18:58

He's very good and ambitious but rather greedy. He will know the Checkit business, but I just hope he won't try and buy it on the cheap.

[agnes] 29/10/2024 17:54

So now we know about the volume with today's disclosure:

If he gets involved, could be massively positive.

[tradertrev] 29/10/2024 10:03

V big volume yesterday with a price rise. Hopefully a seller cleared or a capitulation trade.
Investment decisions made purely for tax reasons are usually wrong - just saying.

[wad collector] 24/10/2024 19:39

Hmm, is this further share price weakness just the AIM IHT depression or something more?

[wad collector] 18/10/2024 13:31

Google; A technology play for the digital era Simon Thompson

[xxx] 05/10/2024 11:20

@wad with irregular contracts and the illiquidity, timing difficult and I have concluded pointlesss. It is all about the direction of travel, ensurung quality of tthe offering and visibility on avoiding the need further capital.
Any chance you could summarise ST's reasons for liking it ?

[wad collector] 20/9/2024 13:23

Simon Thompson tipping in IC this week at 20.5p , pointing out that it forecasting to stop burning cash by Jan 26 and then will finally make some money in FY27.
Then it will seem cheap.

Mind you , he was also tipping it in March and dropped 10% since then.

[wad collector] 20/8/2024 21:46

Total shares traded today....zero! Not noticed that before.

[wad collector] 04/7/2024 21:13

New contract RNS for recurring £250k. Maybe CKT is going to fly after all....

[wad collector] 27/6/2024 07:53

Yesterday's news was the abandonment of the Crimson Tide attempted takeover. Today's news is that HMRC has accepted that a previous VAT reclaim was valid. Must confess hadn't noticed that possibility in the Annual Report. Hopefully the latter will pay for the former?

[wad collector] 19/6/2024 21:34

I see I missed a contract win last week. Not huge but might buy some new windscreen wipers for the company's cars...

The Group announces a significant expansion with Octaphama Plasma in the United States worth c.£718,000 over three years.

[porous lover] 06/6/2024 08:00

There is clear rationale for this takeover with likely £3m+ of central costs, listing costs and synergies that CKT would benefit from. Arguably this would accelerate CKT to cash neutrality in the year. There are, however, 2 substantial risks:
1) Very weak management with no track record of delivery
2) Somewhat related, high execution risk.

CKT has spent c£10m on acqusitions in the last few years and burned through an additional c£20m+ of cash. All for a market cap of £25m which will take into account the £8-9m of cash on the BS.

I expect £2.50 all cash would be the minimum level acceptable to TIDE. Why TIDE investors would be excited by a potential 10-11:1 share exchange is a question to ponder.

[wad collector] 05/6/2024 13:27

I see that TIDE statement gives a different version of events leading up to yesterdays RNS, but bottom line is NO THANKS.

"The Board confirms that only one formal written proposal has been made by Checkit in relation to a possible combination of the two businesses with a number of informal proposals also made. The Board has engaged with all serious and considered proposals and objects strongly to the suggestion that they have refused to do so. The Board are disappointed that the Announcement was made without any prior notification to the Board or Crimson Tide's advisers.

A written indicative proposal was received by the Board from Checkit on 12 January 2024 (the "January 2024 Proposal") which set out a possible all-share merger of the two companies at a price that implied a minimal premium to the then Crimson Tide share price, together with an expectation that Checkit directors should represent a majority of the enlarged board. The Board noted the potential commercial and strategic logic to such a combination but considered that the terms of this proposal were neither adequate nor attractive. This conclusion was supported by those directors of Crimson Tide and their connected parties who were shareholders (holding in aggregate approximately 11.0 per cent of the Company's total voting rights).

No revised proposals capable of consideration by the Board have been received until the Announcement. In the absence of any substantive or improved proposal which addressed the Board's previous response, the Board did not engage with Checkit in April 2024.

The Board notes that the headline terms set out in the Announcement do not represent a material improvement in the terms previously proposed and therefore the Board continues to believe that the Possible Offer significantly undervalues the Company and its prospects and does not address the wider concerns raised by the Board (including as to governance and management of the enlarged group)."

[wad collector] 04/6/2024 21:28

So an attempted takeover of Crimson Tide has been rejected. The drop in CKT share price is not surprising as either nothing will happen and cost of the bid is wasted, or a higher offer follows. As it is an all-share offer, hardly surprising that TIDE would rather do their own thing than gamble with a CKT holding.

[wad collector] 14/5/2024 10:43

Some buys this am have taken the share price to a 6 month high ; maybe there is hope...

[wad collector] 10/5/2024 13:15

Keith Daley bought another 200k shares just after the results making 600k in the last 2 months, though small fry as he has about 20 Million. However it is the first time he has bought any for almost 3 yrs .
He presumably does not think he is going to lose the lot. Mind you that buy in 2021 was 6 million that he paid 46p each for , so you could argue that he is not a good judge of future share price performance.

[wad collector] 03/5/2024 09:00

IC article today by ST positive FWIW, pointing out that Edison reckons loss will fall to 2.3M this year then 0.9M next year and profit the year after. They think the rising market stateside and the source of data for AI by their monitors will be its saviour.
Mind you they also said BUY last year and has fallen from 26p to 23p since then.

CKT to me appears to be an airliner that is losing height and will crash unless it mends its engine in time. Will it avoid that and soar to the heavens or turn into a fireball and burn our money?

[porous lover] 25/4/2024 07:47

And jam pushed out another year (per xxx’s point). A further year out before EBITDA neutrality.