Cordel Share Discussion Threads

[srpactive] 06/12/2024 22:26

Red tick?

Another at full ask 7p. Hopefully a news week next week.

dyor

[srpactive] 05/12/2024 21:21

Better news is the 500000 buy at full ask 7p at the close.

dyor

[suffolkjim] 03/12/2024 11:39

Well, great news about all the resolutions being passed LOL

[srpactive] 21/11/2024 21:14

Hopefully instis buying and US contract on its way.
Then we could scoot through 8p.

dyor

[collywobbler] 18/11/2024 07:01

Wink wink!

[toffeeman] 18/11/2024 02:49

Instis bought the last raise at 6 (-30% for EIS)

[srpactive] 15/11/2024 20:46

Some instis are going to be loading up here for certain.

dyor

[74tom] 14/11/2024 11:00

A small cap SaaS company attempting to grow in the USA has to establish credibility & product market fit before they can win substantial business. Do you think that happens instantly?

The 6.5 year Amtrak deal which started in March 2023 is critical as a beachhead and the 18 month implementation period suggests that there was a lot of work required to get everything set up. That type of cornerstone contract is critical because it allows a company to expand their in country headcount, open an office, etc.

G&W who signed up in July will have almost certainly spoken to Amtrak for feedback, and the fact Amtrak themselves expanded their contract in August speaks volumes. They are clearly happy with the results.

So to me, the US story only began in March 2023, as before that they had negligible revenue. It has gained significant momentum in 2024 with the new customer + existing customer expansion. Now they are embedded in the US network, I'd be very surprised if they don't win further deals.

The new Positive Train Control module seems very logical & could generate material ROI. I can't see how it won't help with winning new business.

But sure, if you want to drive whilst looking in the rear view mirror then go for it, personally I prefer to look at what's in the road ahead...

[columbarius] 14/11/2024 10:13

74tom, for over 4 years they’ve been hyping up the US but have only managed to add two customers. Why is that?

[clocktower] 14/11/2024 09:00

I agree the options have been issued at a fair and reasonable price unlike most AIM companies, as you say.That is a very positive move, and I sincerely hope that they are able to reward themselves extremely well from this award.

[srpactive] 13/11/2024 22:46

Get the money into rail projects it mentions, we are surely going
to get noticed soon.

dyor

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[srpactive] 13/11/2024 22:29

If anyone moves any on it does not have to be to retail investors.

dyor

[srpactive] 13/11/2024 22:27

Lets hope the momentum continues through 8p tomorrow with the media
hopefully writing the story for their clients. Then more news to take us towards
10p, before a US contract win to send us through 10p and beyond.
Lets hope the pegs fall into place and we have a strong share price move
into the Winter season.

dyor

[clocktower] 13/11/2024 22:23

Did Rathbones ever really intending to buy 15 million shares, by arrangement they paid above market price, but was it a ploy to encourage the retail market to buy into the story.

Shares remained on offer under 6p for a while before the RNS that sent them up to 8p.
Have they been the large seller on the way up to 8p and again today?

It will only become clear if they or another holder issue a RNS about a reduction of stake, if at all, as I may have read it incorrectly.

Anyway give it time and it will come good one way or another impo.

DYOR.

[74tom] 13/11/2024 20:06

Ah, there you are. The 'ambivalent amateur' returns.

Pray tell why Rathbones would buy 15m shares at 24% above the market price if that was the case? Your logic makes as much sense as a chocolate teapot.

Premium placings at this end of the AIM market are extremely rare & tell you that an institution actively wanted to get involved in the investment case here.

On the subject of the USA, just 3 months ago they said;

"We are delighted that our business relationship with Amtrak continues to grow, building on the foundations of our delivery strength and advanced technology. We continue to invest in our USA team, adding sales and engineering resources for our most important growth market, where we are confident in becoming the clear market leader for automated inspections"

And that was less than a month after winning the G&W contract...

Oh and the Amtrak contract is for 6.5 years, the high gross margin SaaS phase only started a couple of months ago.

Ps. Trolling on the day they announced 2 new contract wins is a waste of an amateurs time :)

[columbarius] 13/11/2024 19:07

I’ll take notice when they announce another Class 1 US Railroad contract, which has been a carrot dangled in front of investors for too long now. It would disprove my theory that the latest fund raise for developing a new module for the US is a smokescreen to draw attention from the slower than expected progress in the market they said was crucial for driving growth. I’d be happier with jam tomorrow development work if they could get some traction in the US with the products they have. The Amtrak contract was a good gain but it hasn’t been enough to earn a profit.

[srpactive] 13/11/2024 17:30

Yes a good break above 8p and a US contract and we could be on to something. Dyor

[viking24] 13/11/2024 11:35

Suspect order book value the last two weeks, Amtrack , England and Australia would make a case for upgrade of numbers and TP.

[suffolkjim] 13/11/2024 11:33

Bit tricky sometimes to work out what are buys and sells here. Still, share price holding up well at this level

[clocktower] 13/11/2024 08:49

Yes srp you have yawn and go to sleep on this one if you dream of it reaching former highs in the next 18 months or so, unless someone buys it.

[clocktower] 13/11/2024 08:11

LOL I see I am being misunderstood, I have said for a long period of time that I considered the company to hold long term value for those that want to tie up funds and just wait it out and.

[74tom] 13/11/2024 08:08

The southeastern deal is particularly interesting, Cordel have built a very decent moat via their Network Rail certifications & integration. A real niche which could happily support a significantly larger market cap in due course...

[suffolkjim] 13/11/2024 07:27

When I saw this announcement, I thought two things. One, this is good news. Two, clocktower will post that they haven’t put a value on the contract. It’s becoming a bit predictable now as you try to justify getting this one wrong.