Checkit Share Discussion Threads

[bwm2] 24/8/2020 13:11

ST small cap update

[wad collector] 24/8/2020 12:33

Up 15% this am on reasonable volume ,no news I can see.

[wad collector] 13/8/2020 21:45

Hit an 8 month high today ;worst behind us?

[cheshire man] 13/8/2020 10:34

Positive move on the share price today,,,,,I was pleased with that TU yesterday and happy to hold :-)

[edmonda] 12/8/2020 08:13

despite Covid delays for sales, grounds for optimism in H1 update: resilient recurring revenues, firm cost control and demand for remote and reliable monitoring. Backed by £13.4m cash at end July.

Read update note here:

[bwm2] 16/6/2020 10:19

This isn't research from ED but regurgitation of the RNS and hence of no worth. Previous reports by Paul Hill were very good but there is no analysis here

[edmonda] 16/6/2020 08:12

#CKT restructuring now out the way, while continuing business has enterprise valuation which stands at a 41% discount to FY20 revenue and 34% discount to the purchase price of Checkit UK Limited. Read the research

[wad collector] 26/5/2020 13:30

Not only is the cash reserve healthy , it is not dropping fast . The UK taxpayers will be footing the main bill not CKT.

[thelongandtheshortandthetall] 26/5/2020 07:45

Ok.. So it's a write down of the intangibles on the balance sheet.
I don't think that's too onerous for Checkit brand at this stage.
Cash at £12.8m is vert healthy
And 13% rise in sales isn't too bad either.
Good to see original Checkit sales up 66% - admittedly from a small start but going in the right direction.

[the ghost who walks] 26/5/2020 07:31

Decent revenue progress, accounting writedowns not relevant

[cheshire man] 21/5/2020 11:09

Some decent interest here today, wonder if we've been tipped ?

[cheshire man] 14/4/2020 07:52

"Until the lockdown is lifted, the Board believes that in the interest of prudence, for business planning purposes, it should model its current worst-case scenario on only being able to rely on its committed recurring revenue. This revenue is from high quality customers undertaking essential services, such as the NHS, BP petrol stations and Waitrose.

Under this scenario much of the business projected to be lost or deferred will generally be of low and sometimes negative margins based on quotes issued by Checkit UK Limited prior to the initiation of the Group's margin improvement project. So long as our cost base is reduced proportionately as outlined below, it will be possible to" limit the negative effect on the Group.

[spec7] 05/4/2020 11:57

So looking at this again, any of the old school still here ?
With checkit now having to stand on its own two feet without the financial safety blanket of Bulgin what makes this investable ?
It alway struck me as an answer looking for a question rather than the answer to a question and the failure to find a niche in the food industry sort of backs that up. So is there a need ? does it have a use? will it survive the lock down ?
Should i be looking at this again ?

[trawl] 18/3/2020 19:44

i see a director bought today
good sign i hope

[bwm2] 18/3/2020 09:38

Not much news flow since Equity Development research note in November. I suggest you read this and take your own view on its sales sectors and whether sufficient cash to reach breakeven sales in view of recent events. I was a long term holder until last month when I sold (into liquidity on the last IC recommendation ie Buy to 70p) with a view to repurchase lower. Definitely one to watch.

[trawl] 18/3/2020 09:06

they sold bulgin 94mil ret 81 to shareholders
got a some money back from pension fund i think
estimate maybe 10 to 12 mil cash
am thinking of buying some
any thoughts pls

[the ghost who walks] 18/3/2020 06:24

How much cash does it have?

[2toptrader] 27/2/2020 13:56

Thompson the dead cat ?!

[zipstuck] 27/2/2020 13:37

John Kinder sold his stake around 36p

[spec7] 27/2/2020 11:43

Well thats the dead cat bounce out the way...how low will it go that's the question.

[value hound] 24/2/2020 12:42

Indeed; concluding with... "it’s really not difficult to arrive at a 70p a share target price. Buy."

[pastybap] 24/2/2020 12:25

Really positive write up by ST in the investors chronicle today.