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CKT Checkit Plc

19.50
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Checkit Plc LSE:CKT London Ordinary Share GB00B0C5RG72 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 19.50 54,804 08:00:00
Bid Price Offer Price High Price Low Price Open Price
19.00 20.00 19.50 19.50 19.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electrical Machy, Equip, Nec 12M -4.5M -0.0417 -4.68 21.06M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:10:24 O 27,961 19.75 GBX

Checkit (CKT) Latest News

Checkit (CKT) Discussions and Chat

Checkit Forums and Chat

Date Time Title Posts
31/10/202422:47Checkit261
27/10/202201:21Checkit plc73
12/8/202114:45Checkit Investor webinar3
31/12/200514:00Cricket - The square's looking good!633
16/4/200418:50Pakistan V India. The Cricket Thread.20

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Checkit (CKT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:10:2419.7527,9615,522.30O
12:54:5619.4226,8335,211.77O
12:39:4220.00102.00O

Checkit (CKT) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Checkit Daily Update
Checkit Plc is listed in the Electrical Machy, Equip, Nec sector of the London Stock Exchange with ticker CKT. The last closing price for Checkit was 19.50p.
Checkit currently has 108,008,562 shares in issue. The market capitalisation of Checkit is £21,061,670.
Checkit has a price to earnings ratio (PE ratio) of -4.68.
This morning CKT shares opened at 19.50p
Posted at 31/10/2024 22:47 by agnes
Where would the share price be without JW? Best news in ages in my opinion. Someone with a track record of making investors millions.
Posted at 29/10/2024 10:03 by tradertrev
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.
Posted at 04/7/2024 21:13 by wad collector
New contract RNS for recurring £250k. Maybe CKT is going to fly after all....
Posted at 06/6/2024 08:00 by porous lover
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.
Posted at 05/6/2024 13:27 by wad collector
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)."
Posted at 04/6/2024 21:28 by wad collector
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.
Posted at 03/5/2024 09:00 by wad collector
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?
Posted at 22/4/2024 11:55 by tradertrev
KK has been with CKT barely 3 years, 3 months less than that as CEO. The business model had to change from the previous no-holds-barred expenditure on everything in the free money era (largely before his time) to something that assumed no support from the capital markets. This has reduced the new product development activity temporarily (no bad thing really) and focussed sales activity on existing customers (the expand bit of "Land and expand") where sales cycles are probably shorter and business development costs lower, again no bad thing really.
I am a small shareholder sitting on a paper loss (bought at average 40p) and hoping to buy some more a little lower down. I am relatively happy with progress in the past 3 years during a particularly difficult business environment.
However, I am neutral on KK, whereas Porous Lover appears to have an axe to grind in that direction. Are you a casualty of the company's need to move towards a more sustainable model?
Posted at 15/3/2024 07:27 by porous lover
I think one needs to reflect on the context here. In an era of low productivity, high attrition of low paid workers and high wage inflation, a business that presents itself as solving these crises should be flourishing. Instead we have had forecast slashed, management waxing lyrical for achieving these slashed forecasts, very limited new customer growth (c£300k last year for a £4-5m+ sales/marketing and product spend), a 2/3rds reduction in share price and massively repriced options to reward this failure. If it isn’t the CEO’s fault, then to whom should the finger of blame be pointed? This was a business with potential before Kyte began to spout his rhetorical shyte.
Posted at 15/2/2024 11:08 by smithie6
Agreed...poor results imo...

...to hold up the share price, with it's loss making, a much higher growth % was needed imo
Checkit share price data is direct from the London Stock Exchange