Checkit Share Discussion Threads

[scepticalinvestor] 31/10/2022 15:32

Congratulations on your losses

[hatfullofsky] 14/10/2022 21:02

We'll I could not resist, added

[my retirement fund] 13/10/2022 15:32

Really the last reported cash position in reality already been spent buddy!

[hatfullofsky] 13/10/2022 13:45

WTF 12% down now trading at cash

[hatfullofsky] 16/9/2022 13:26

They have an EV of £2m. If they burn £5m next year they'll still be on an EV of £7m with an estimated FY24 ARR of £12mFY23 LBIT 7.4mFY24 LBIT 5.2mYes loss making but not at all a basket case, solid investment in a growing market, saving customers money.Very sticky with 3 to 4 year contracts. Break even at 18m ARR.

[hatfullofsky] 16/9/2022 13:20

No point posting then

[nico115] 15/9/2022 16:48

Still wouldn't touch this Cash burn too high

[wad collector] 15/9/2022 13:13

"It is losing money fast , but we really hope that we can turn it round or else we will go bust" seems a rewriting , minus the sales speak.

[hatfullofsky] 15/9/2022 07:41

No reaction to the results? No trades.I guess we're all waiting for the investor presentation.Nothing in the results about how they will reduce the time to profitability only peak cash burn has been passed.Would have liked more.

[my retirement fund] 08/9/2022 13:08

Its held up well imo, 10p soon, winding the company up could give the share price a boost, is that possible?

[hatfullofsky] 07/9/2022 19:24

WTF big drop before results next week, topped up ..... yesterday ?

[wad collector] 31/8/2022 20:12

I see one Director bought some, but only £8K so doesn't mean much.

[my retirement fund] 18/8/2022 13:18

surprised keith is not dipping in at this level, telling ?

[hatfullofsky] 15/8/2022 08:28

To simplify : if you had the choice to spend GBP 1 today for GBP 1 every year for 5 years, would you do it ?

[my retirement fund] 14/8/2022 08:32

Creating 10M of ARR by having 10M of cash walk out the door, you sound surprised the ev is £6.5M and falling

[hatfullofsky] 14/8/2022 07:26

Regarding cash burn, they have previously guided this will be high and losses will increase due to expansion in the US. Broker notes have this cash burn baked in.Absolutely a US acquisition would be a faster way to scale and I feel they hinted at that during the update.But they currently have an EV of £6.5m and ARR of £10m

[nico115] 14/8/2022 00:37

Huge cash burn I wouldn't touch this POS

[slicethepie] 13/8/2022 09:05

Surely the easiest way is to buy another profitable company where there is some overlap either in sales force or back office.

[zipstuck] 13/8/2022 08:39

The cash burn indicates the level of loss. I suspect there will be a massive investment in sales to get profitability in a difficult climate.

[my retirement fund] 12/8/2022 15:37

yes, that's the problem probably by the time its likely profitable remaining cash spent and the company insolvent. I seem to remember years ago this checkit endeavor was also wasting oddles of Bulgins own profits. Very difficult to attribute any valuation to the product unfortunately as seems never to have proved credible.