Be greedy when others are fearful |
Small tech co not yet profitable just raised money to increase staff costs ahead of revenue growth = market not interested.
Market getting increasingly short-term, which usually heralds interesting opportunities. |
Moving to a 1 yr low , does not look very promising . |
I see the Board increased their holdings with the placing
26 Nov 2021 Daley, Keith Anthony Chairman of the Board Regular purchase transaction 6,086,956.00 £0.46 £2,799,999.76 20,925,366.00
26 Nov 2021 Kyte, Christopher James (Kit) CEO Regular purchase transaction 108,695.00 £0.46 £49,999.70 108,695.00
26 Nov 2021 Price, Gregory Laurence (Greg) CFO Regular purchase transaction 54,350.00 £0.46 £25,001.00 54,350.00
26 Nov 2021 Wilson, John Frederick Non-Executive Director Regular purchase transaction 217,391.00 £0.46 £99,999.86 906,650.00
26 Nov 2021 Greenman, Simon Daniel Non-Executive Director Regular purchase transaction 54,347.00 £0.46 £24,999.62 56,347.00
26 Nov 2021 Wooster, Hugh William N/A Regular purchase transaction 9,000.00 £0.46 £4,140.00 9,000.00
26 Nov 2021 Maunder-Taylor, William (Will) Vice President Regular purchase transaction 45,000.00 £0.46 £20,700.00 119,542.00 |
So, do we brim with confidence that the placing was over subscribed, or worry about dilution ? |
Ah, so that's why the shares have been so soggy. 74% increase in share count, placing at 46p to raise £21m gross, £20m net. 50% to invest in sales and marketing expansion, 50% to invest in product development. |
 Just noticed the contract win on Thursday
Contract win
Checkit agrees deal to bring intelligent operations platform to BP sites in Australia and New Zealand
Checkit plc is pleased to announce that it has signed a new contract with BP to rollout its intelligent operations platform to a further 441 forecourts within Australia and New Zealand. It is expected that installations for these forecourts will commence in the early part of 2022 (the next financial year) and will double the size of Checkit's footprint within BP in terms of total number of locations and contracted annual recurring revenues. This contract underpins the Board's confidence of performance in subsequent financial years. Discussions are ongoing with regard to rolling out the platform to further BP locations across additional regions and dealer-owned estates. Currently, there are approximately 18,700 BP branded forecourts worldwide.
The Checkit platform replaces paper-based processes with digital assistants in the form of a mobile app which prompts, guides and captures the activity of store assistants, and provides managers with real-time oversight. The platform also encompasses automated monitoring via fridge-mounted sensors and handheld temperature probes to enhance food safety, reduce waste and save time spent on manual checking routines.
Prior to this agreement, the platform had already been effectively deployed at more than 400 BP-owned forecourts across the UK, Netherlands and Luxembourg for over 18 months. The new rollout in Australia and New Zealand is the latest phase of Checkit's expanding international partnership with BP. |
Say something else , the share price has been going up ever since! |
The share price has dropped considerably over the last month or so. There was nothing apparently untoward in the interims. Maybe a forced seller bailing out. |
Missed these last week.
16 September 2021
Checkit plc
("Checkit" or the "Group")
Interim results for the six months ended 31 July 2021
Checkit plc (AIM: CKT) announces its unaudited results for the six months ended 31 July 2021 (the "Period" or "H1 FY22") .
Highlights
-- Annual recurring revenue ("ARR") run rate of GBP6.6m at period end
-- Recurring revenue increased by 31%* to GBP3.1m (H1 FY21: GBP2.4m), reflecting the Group's focus on SaaS (software as a service) growth
-- Total revenue from continuing operations increased by 13%* to GBP7.9m (H1 FY21: GBP7.0m*)
-- Operating loss before non-recurring or special items of GBP(1.7)m (H1 FY21: GBP(1.5)m), reflecting increased investment in sales, marketing and product development
-- Cash at 31 July 2021 of GBP8.5m (31 January 2021: GBP11.5m)
-- Acquisition of Tutela Monitoring Systems LLC ("Tutela") completed during the period, accelerating the Group's US expansion
-- The Board remains confident about the prospects for the business
* The prior period's revenue has been normalised to illustrate sales that would have been included in the Group's financial results had Tutela, which was acquired on 4 February 2021, been fully owned by the Group throughout both periods. Excluding the acquisition of Tutela, Group revenue for the comparative period last |
A buying opportunity methinks. Added yesterday but showing as a sell as 0.001p below the mid price. Sneaky |
hxxps://www.edisongroup.com/publication/further-growth-in-recurring-revenues/29814 |
The highlights and slides from the recent CMD are available on the website |
12.8.21
Edison note out:
Software & comp services - Mcap £40m - Price 63.5p - Update
Checkit:
Further growth in recurring revenues
etc.... |
A new ATH , nice way to start the day...
hadn't noticed it was the TU that triggered it.
Up on last years similar period , but I would be more interested in comparing to the previous year. |
VP just bought 25k on Friday @ 56p FWIW, adding to his 75k that bought in last 2 months. Oddly those earlier buys don't show up on here as RNS. |
Interesting little spike up with a bit of volume today. |
Product update announcement , hard to interpret without more up to date user knowledge. |
Since joining Checkit as Chief Commercial Officer on 1 February 2021, Kit has overseen a significant transformation of the Growth (sales and marketing) Function including a tripling of Checkit Connect's prospective pipeline. |
A Capital Markets Day is to provide investors, with a full review of the company's strategy, operations and financial targets. |
Why would a £35m mcap co. with significant nett cash have a capital markets day ?
Answers on the back of a postcard please... |
CMD on 15th July just announced. |
Well, there was a maiden buy by a director 2 weeks ago at 62p so she wasn't worried. |
Recent weakness - just a seller needing to be cleared? Any insights? Sorry I can't help. |
It is hard to know what comparison results should have this year, I think they should all come in a 3 yr historic format.
Revenue but not profit figures are only half the story. |
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