Cordel Share Discussion Threads

[srpactive] 25/10/2023 14:46

Yes we know you want it lower.

[clocktower] 25/10/2023 11:20

If they are looking to do a mbo they will want the share price even lower imo/

[srpactive] 24/10/2023 20:08

All

Yes a disaster, the management doing nothing to support the share
price from 18p to here and the small sells for a few hundred pound
is wiping £millions off the share price and now we have a sell taking us
negative.

I continue to nimble but even I am down to breakeven, fgs.

dyor

active

[myn0k] 24/10/2023 17:44

This contract could be worth a tenner for all we know. Market cap under £8mil. Probs a fair assesment now but would be nice to have a roadmap and an understanding of earnings. I am seeing this stock as a write off these days.

[clocktower] 24/10/2023 07:38

This is really first class news srp, I agree but cannot see anyone interested in buying it at this stage, as we do not know if the contract will prove to be profitable.

As regards a mbo that is not something you should be looking forward to, and if that is the intention they will want the share price to sink even further impo.

If that is their intention then they have done a good job so far, for themselves. Typical AIM.

[srpactive] 24/10/2023 07:11

Yes clocktowers people have ensured we are down here, dripping
the sells.

Excellent contract win.

Either a cheap buy for US company or mbo.

dyor

[toffeeman] 24/10/2023 03:26

I hold from the placing at 6p less the 1.8p EIS allowance and so now in the red. If it doesn't bounce from here ir is a very bad sign.

[clocktower] 23/10/2023 13:42

Not really srp as I never like to see PI's being taken for a ride, and regardless what you think I did say it was way over valued due to the number of shares they have issued because they seem to prefer to take decent salaries etc while the company still burns though funds they raised.

The potential is here, and that is why I keep an eye on a very small investment, because a time might come where it turns the corner. All that of course depends on how they play it.

[srpactive] 19/10/2023 13:01

I bet you are happy with the continued fall.

I suppose the management is too, better company prospects and a falling
value for mbo purposes. No wonder they are so quiet.

dyor

[clocktower] 11/10/2023 10:49

I doubt that srp - I think it is just the state of the market and a few holders that either need cash or cutting losses or just tired holders.

It was always going to take time but it has reached the fair value point once again and bar needing more cash to cover growth, it should turn the corner in the next year or so impo.

Cash is king at the moment.

[srpactive] 11/10/2023 09:26

All trades are being marked as sold. We are being manipulated
here. Hopefully things will change once the people behind it
have finished what they are doing.

dyor

[srpactive] 04/9/2023 07:53

Yes exceelent rns and as mentioned PAID trial.

Just need media coverage and we will move strongly higher, the
smaller companies editors will see us soon I feel.

dyor

[clocktower] 04/9/2023 07:07

More good news but it is going to take time to bear fruit as this like all previous trials takes time before they turn into large valuable contracts.

Still it is building and will get there one day.

[clocktower] 08/8/2023 13:05

srp - When they raised a further £2 million 03.02.2021 through book building they did that with ease at 13p. Then just two years later on 30.03.2023 they needed to raise another £1.7 million at 6p a shares, yes it was oversubscribed but now there are almost 200 million shares that have been issued and here we are with a turnover around £3 million for the full year and what is certain to be another loss for the year.

On top of that they have appointed a gaggle of people, some not even productive - Marketing personal - at salaries one can only guess plus needed engineers, a decent one will set you back £100k plus a year.

So you are telling me that in another 18 months they will not be coming back for another chunk at 2/3p as the company is already valued at circa £12,000,000 - Crazy bearing in mind that growth does not come without costs in this business, and it is only when they reach critical mass will the turkey get fat, which I have no doubt it will in time.

October all will be clear but of course they never mentioned how much of that £1.7 million has been swallowed up already, and it will continue to suffer shrinkage impo.

I am positive in the long term, I just hope I am still around when it turns positive.:-)

[srpactive] 07/8/2023 21:05

They market cap is not to high, the institutions oversubscribed.

dyor

[clocktower] 07/8/2023 16:02

It will one they reduce overheads and turn a profit. Currently the market cap is far to high having issued so many shares with a number of raises and I think they will need more yet to get to the stage where it is investable, other than holding a very small amount. top ensure that one does not miss out when it performs for shareholders and not just a food basket for the directors.

The product is good imo and the future could be positive but revenue needs to be at least double I believe, so some way to go.

DYOR.

[suffolkjim] 07/8/2023 10:36

News completely ignored by the market. Beginnign to wonder if the share price wil ever pick up here

[clocktower] 07/8/2023 08:33

We will find out if that is correct in October srp.

In previous years grants were recorded, if there are none in the current year that could change the numbers by around £500k compared to 2022.

[srpactive] 07/8/2023 07:28

Excellent update and the revenue increase going forward could be
substantial, the market will notice this I feel and move the share
price closer to 10p.

The possible US contract news could move Cordel into a need to research
category.

We have raised enough for now to proceed but if more is needed the
city oversubscribed last time so will again at a far higher price
based on the US growth. This bringing in institutions, exposure and
cash if needed.

Very happy myself with the rns today.

dyor

[clocktower] 07/8/2023 07:15

This is a very good update and for once they are providing a lot of detail about the contracts.

A big jump I’m revenue will help offset the increasing costs of all the extra staff to undertake the US business but it does not state the cash position which is key.

Another raise needed imo as costs of AI engineering staff will also be increasing as there skills are in increasing demand.

[myn0k] 05/8/2023 18:21

I believe they're late

[drjames17] 02/8/2023 14:21

We're due some results here aren't we?

[srpactive] 21/7/2023 21:40

Citywire today.

The Times: Suspicious share-trading activity ahead of takeover bids has soared to its highest level in 13 years, according to the Financial Conduct Authority.

dyor

[srpactive] 21/7/2023 21:14

Yes lets hope it is some of the £22bn cvc has just raised.

This is ripe for private equity imho, but feel management
want it too.

dyor

[clocktower] 21/7/2023 12:03

Big trade - no movement but is there another half to this - maybe a rollover?