Checkit Share Discussion Threads

[hatfullofsky] 01/4/2022 09:53

Challenging targets set on the CEO's share options (vesting at 130p / current share price 42p) Each tranche of options will be subject to performance criteria and shall only vest subject to a 'Rule of 40 Target' being met on the dates outlined above. In addition, to be exercisable, the share price must be at or above a share price target of 130p (the "Share Price Target") on the date the options are exercised and the average share price must have been at or above this level during the 6 months prior to the exercise date.

[my retirement fund] 31/3/2022 09:04

Very disappointing, I guess their potential customers are deferring a lot of work due to inflation.

[wad collector] 31/3/2022 08:55

Simon Thompson ran an article 2 weeks ago in IC pointing out that although there would be losses related to the transformation, there were some big customers out there including the NHS and rated it a BUY.
Mind you he also rated it as a buy last yr at 46p as well as this time at 40p , and it just hit a 2 yr low at 37p.

[yellowstoneadvisory] 28/3/2022 11:31

Kit Kyte, CEO and Greg Price CFO, present the FY results to 31 January 2022 at a webinar on 28th April at 12pm. The latest trading update indicated Annual Recurring Revenue grew at 43% last year and during the last 3 months of the year recurring revenue contributed 75% of total revenue as Checkit continues its transformation into a pure software as a service business.
Register here:

[hatfullofsky] 17/2/2022 22:22

Nice update, fantastic growth in ARR

[wad collector] 17/2/2022 08:12

Just noticed a £2.8M contract win in US 2 weeks ago followed by the TU today seems to be well received by the market today.

[hatfullofsky] 27/1/2022 17:33

More liquidity now

[hatfullofsky] 31/12/2021 17:02

Impossible to build a position here. IG won't even take exchange orders. Patience is needed

[hatfullofsky] 21/12/2021 21:10

Be greedy when others are fearful

[tradertrev] 15/12/2021 20:33

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.

[wad collector] 15/12/2021 19:21

Moving to a 1 yr low , does not look very promising .

[wad collector] 09/12/2021 10:29

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

[wad collector] 01/12/2021 07:57

So, do we brim with confidence that the placing was over subscribed, or worry about dilution ?

[tradertrev] 26/11/2021 07:20

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.

[wad collector] 01/11/2021 09:59

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.

[wad collector] 28/10/2021 08:32

Say something else , the share price has been going up ever since!

[tday] 26/10/2021 10:40

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.

[wad collector] 21/9/2021 10:54

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

[bwm2] 10/9/2021 07:02

A buying opportunity methinks. Added yesterday but showing as a sell as 0.001p below the mid price. Sneaky

[petewy] 12/8/2021 14:45

hxxps://www.edisongroup.com/publication/further-growth-in-recurring-revenues/29814

[yellowstoneadvisory] 12/8/2021 09:18

The highlights and slides from the recent CMD are available on the website

[andrbea] 12/8/2021 08:44

12.8.21

Edison note out:

Software & comp services - Mcap £40m - Price 63.5p - Update
Checkit:
Further growth in recurring revenues
etc....

[wad collector] 12/8/2021 07:31

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.

[wad collector] 09/8/2021 16:18

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.