Cordel Share Discussion Threads

[srpactive] 06/2/2023 09:16

ct

Yes hopefully, get the strikes over and I feel even more
contracts will come in as the industry needs to implement
our technology.

dyor

[clocktower] 06/2/2023 09:13

Serious buying today, so could be news on its way?

[clocktower] 03/2/2023 10:08

A bit of blue today, a nibble of yours srp maybe.

ADVFN are still not displaying the correct number of shares in the company - around 70 million short in fact, which gives a false valuation figure in turn.

Maybe you should contact them to get this corrected.

Let us hope for everyone's sake the train strikes end soon.

[srpactive] 02/2/2023 08:35

The Guardian: Network Rail has made a ‘newly revised’ offer to Britain’s biggest rail workers’ union in an attempt to break the deadlock over a long-running dispute about pay, jobs and conditions.

dyor

[srpactive] 31/1/2023 08:24

New laws will allow government to set minimum levels of service which must be met during strikes to ensure the safety of the public and their access to public services
the Strikes (Minimum Service Levels) Bill will ensure crucial public services such as rail, ambulances, and fire services maintain a minimum service during industrial action, reducing risk to life and ensuring the public can still get to work
Business Secretary Grant Shapps said in Parliament today: “We do not want to have to use this legislation unless we have to, but we must ensure the safety of the British public.”

[srpactive] 31/1/2023 08:21

ct

I think you have a dislike for this management, maybe for
a valid reason I do not know.
But both sides is good for a thread.

[clocktower] 31/1/2023 08:16

Good for you srp but you have to question the CFO's ability and qualifications, as how they came up with the previous net assets and all other figures, as it leaves you wondering what an auditor would make of it, if they were any better that is.

[srpactive] 31/1/2023 08:07

I am happy with the results, as Mr Buddery states return to growth,
contracts carried into 2023, more contracts expected and a good
cash position in 2023.

dyor

[srpactive] 20/1/2023 12:04

ct

No not wrong you have always rubbished crdl.

M

Hi yes as I mentioned cash seems okay and if a raise is
needed, I will support it.
More contracts I feel will come in once the UK rail issue
is sorted hopefully.
Lets hope the US chips in.

dyor

[myn0k] 20/1/2023 11:46

Just showing my face here to say hi. But I think this company will have several more ups and downs. The contracts IMO need to trickle in more and there may well be a fundraise. But as far as the short term goes I'm not too fussed. I'm kind of keeping this in my "hold and forget about" Inventory, like all of my stocks at the moment I guess. As the world is too turbulent to ensure growth just yet. But I believe in the tech and need for digital twins, particularly in the logistics sector. But give it a few years and I'm sure it'll do it's thing. Whether that's getting bought out or all those contacts they're building leading to a steady stream of contracts. They seemed quite confident about being cash positive by end of Q4 last year. let's see.

[clocktower] 19/1/2023 10:19

Wrong again srp - I do like the product and believe in the potential, that is why I am here, however I also like the truth and transparency.

I also noticed ADVFN are shown the company as having fewer shares that it has in issue:

CRDL – the correct number is 170,427,186 ordinary shares of £0.01 each.

ADVFN shares in Issue showing as 107,430,000 as of 19.01.2022

So is the company worth over £9,000,000 based on the share price at current mid?

I think not at present srp.

[srpactive] 19/1/2023 10:14

ct

By you do not like crdl do you.

I appreciate what you say but from June 2022, until
Dec 2022, they increased cash.

A few more contracts and who knows.

dyor as all do.

[clocktower] 19/1/2023 10:04

March 2022 £852,098
Dec 2022 £433,945
--------
Drop of £418,153

Cash burn of £69,692 per month.

Growth and income might just see it through to becoming profitable but to obtain growth one generally needs investment.

[srpactive] 19/1/2023 08:52

Dec 2022 £433,945
June 2022 £ 399,665.

[clocktower] 19/1/2023 08:48

I do note though - - "Contracted revenue will be carried into the second half, with a satisfactory FY23 cash position expected."

So will "expected" be sufficient to get it through the next 12 months, in light of the loss to date?

[clocktower] 19/1/2023 08:43

My problem is not laying out the picture in a manner that reflects the last cash published position srp:

"As at 31 December 2022, cash balance was GBP433,945 compared with GBP339,665 as at 30 June 2022, and net assets were GBP2,572,037 compared with GBP2,735,272 as at 30 June 2022."

11/01/2022 RNS:

"Cash balance and receivables at 31/03/22 was GBP852,098"

The company is still draining money and rather than undertake a small cash raise they seem keen to window dress the facts that since April 2022 to 31.12.2022 the cash has drained away, and if this continues the business will be hanging on a thread, whereas if they raised a small amount of cash now then the likelihood is that it can reach profitability within 12/18 months.

It seems to me that they might require more hardware and have put off the purchases to window the cash position or not paid a supplier or two as quickly.

Also note "and net assets were GBP2,572,037 compared with GBP2,735,272 as at 30 June 2022." So a sizeable drop there as well.

Call a spade a spade - the company is more than likely to require some sort of funding. It could be a loan even but you have to admit the cash is draining.

[srpactive] 19/1/2023 08:04

ct

What is your problem, revenue and ebit growth.

Contracts coming in.

Please move on to another stock.

[clocktower] 19/1/2023 07:57

At last we have some facts, and window dressing about the cash position. The last cash figures I seem to recall was a RNS in April and now they are using a June figure by comparison to end of December, rather than the last figure that was published, if I am mistaken please correct me.

So they are showing an increase in cash over that period buy a fair sized reduction from the April one I seem to recall, that is why I say window dressing, what are they not saying?

[clocktower] 16/1/2023 17:01

All very well srp but if they are not earning cash now in sufficient amounts then it is a concern but if they are making ends meet, it would be a very good idea to update shareholders.

Reform will take time and in the meantime contracts are needed from the USA and from partners. If they have already received a number it is also time to tell as we could see a big rise again.

[srpactive] 15/1/2023 19:31

Mentions most importantly rail reform.

[scammingscams] 14/1/2023 18:22

Is he still holding at 9p ""only 10k """He must be such a. Rich man 10k is pennys to this SCAMMER

[scammingscams] 14/1/2023 18:21

clocktower45 d I Post #543 of 571I agree share price and it's nice to be on the same page as you - I love them charging per mile/k much like RR does on engines but the beauty is they will never be grounded and freight trains run 24/7 even if passenger trains suffer from strikes, the need to maintain the rail network is paramount.Only took 10k to move it I see.1 just checked again to see if buying was possible online and it is once again at 8.95pReply~ Share

[scammingscams] 14/1/2023 18:19

SCAMMER ALERT CLOCKTOWER IS A MUPPET WHO PRETENDS TO BE DOPEY MAYBE HE REALLY IS BUT THE TEAM HAVE MR ON SCAM ALERT WATCH

[clocktower] 13/1/2023 14:25

Cheers - the company needs to update shareholders, in light of train strikes etc before this falls back below 2p where it once was.

Cash was tight but with the increase in business I thought they were able to pull through to profit. Now I question that but just would like some clarity from the company.

Open and honest and transparent, helps all concerned, if money needs to be raised I will be happy to take up shares at the right price, as I believe in the long term success of the software and service model.

If they read this thread, give us answers.

[suffolkjim] 10/1/2023 19:11

CT
I welcome your comments, always read with interest