Clearstar Share Discussion Threads

[edmonda] 23/1/2019 08:15

positive update on FY18: sales +13% and 95% from recurring tests. Group looks well set to continue expanding share and ED upgrades both forecasts and Fair Value to well above share price.

New research note freely available here:

[edmonda] 20/11/2018 08:33

more contract wins today, including a first in the targeted professional services segment.

Updated research note, with fair value seen at over twice current market cap, freely available here:

[edmonda] 16/10/2018 13:46

after today's news of selection by Virtual Badge of ClearStar's background screening, updated research out looking at the cross-selling synergies arising, plus lower share rating after recent stockmarket wobble.
Free access here:

[edmonda] 17/9/2018 08:12

Good progress at H1 stage: revs $9.9m +11%, positive adj EBITDA, net cash of $1.2m plus $5m revolver available.

New ED research note with raised fair value freely accessible here:

[edmonda] 18/7/2018 08:30

Encouraging trading update ahead of Sept results.

Fair value adjusted in latest research note here:

[edmonda] 20/6/2018 08:45

more good news announced today as giant Abbot Labs integrates its ClearMD mobile drug testing solution. Implications explained in latest research note, freely available here:

[edmonda] 22/5/2018 15:28

Positive trading update, and analyst valuation reassessed in new report: freely available here:

[edmonda] 02/5/2018 08:13

Good to see further leveraging of co's tech USPs over another platform: strategic partnership announced today with Veritas Prime.

Potential explained here:

[brummy_git] 20/4/2018 17:51

Encouraging too, to see the Chairman picking up another line of stock

"ClearStar (AIM: CLSU), the technology and service provider to the background check industry, announces that Barney Quinn, Non-executive Chairman of the Company, purchased 33,660 ordinary shares of $0.0001 in the Company ("Ordinary Shares") on 18 April 2018 at a price of 44 pence per Ordinary Share. Following this purchase, Mr. Quinn holds 278,215 Ordinary Shares, representing approximately 0.77% of the issued share capital of the Company."

[edmonda] 20/4/2018 17:34

20 min video of CEO and CFO explaining the exciting growth in background screening and ClearStar's USPs here:

[edmonda] 17/4/2018 08:24

Encouraging FY results out today with revs $17.8m +11% and CEO seeing 2018 as 'pivotal year'.

Updated ED research note now out with forecasts and highlighting valuation disparities - freely available here:

[edmonda] 12/7/2017 09:31

ClearStar Inc write up by Paul Hill at Equity Development:



Don’t you just love ‘Tech’? Churning out irresistible growth rates, profit margins and
cashflows, allied to robust visibility and high client retention. A compelling mix. The only
problem is that many others do as well, pushing valuations to often nose-bleed levels.

However, what if it was possible to find a company, expanding at >10% pa (see below),
yet trading at a mere 1.1x EV/sales vs 2x-4x for the wider sector. Interested? I was too
on coming across ClearStar Inc (AIM: CLSU). A little-known £16m market cap stock,
providing automated job screening and alcohol/drug testing services. Areas enjoying
buoyant demand from the rise of the ‘gig’ economy (Uber/Deliveroo), government
clampdowns on illegal workers and ongoing healthy employment levels. In fact,
I was so impressed that I snapped up a 3.6% stake earlier this year (RNS)...