Crimson Tide Share Discussion Threads

[cheshire man] 21/4/2017 13:28

I did notice the buys yesterday and today,,,,,,maybe been mentioned somewhere ?

[glasshalfull] 06/4/2017 11:47

I also disagree...see my previous posts here which provide WH Ireland estimates.

Again, I'm looking at the shareprice performance over months & years rather than a short-termist approach. If they start announcing this investment has translated into International contract wins then this will justify the approach taken and shareholders will reap the rewards.

Kind regards
GHF

[the shuffle man] 06/4/2017 11:12

I disagree as the money they are spending now will have a much greater impact on the following years results.

Seems they are starting to gain traction and need to invest to get this to the next level.

[glasshalfull] 31/3/2017 06:35

Morning Saucepan.

Always interested to hear of differing investment strategies. I fully understand where you are coming from. I've moved over the years from being purely a long term buy hold (LTBH) investor where I often these days take a trading position in a company.

TIDE is a GARP share, and I agree with you, I also don't believe its suited to momentum style investing. I chuckled when I read about you adding further on the breakout at KWS, because that's the complete opposite of my style ; - )

Best of luck with KWS and rest of your trades/investments.

Kind regards,
GHF

[saucepan] 31/3/2017 00:22

I had thought that my first tranche of TIDE would be one I would tuck away and build upon.

However, my sense is that the following (referenced above) is the key phrase that will put a damper on things for the foreseeable future:

investment . . . in the short term is expected to lead to a broadly flat profitability outcome in FY17.

Accordingly, while there may be "good" reasons, the next results are likely to read disappointingly and not be an obvious catalyst for further upside.

I decided to step aside for now, with a view to keeping on my watch list. That may be the wrong call, but we shall see.

[A wish to free funds to add on the breakout at KWS was another factor in my decision!]

For those with more confidence and patience than me, I hope things continue to work out well.

Thanks, again, GHF for the original heads up here.

[rhomboid] 30/3/2017 22:49

I'm struggling to understand why such a tiny company needs to go overseas to expand.

[glasshalfull] 30/3/2017 22:42

TIDE

V bullish outlook statement with today's results. WH Ireland have upgraded their target price by (+43%) from 3.5p to 5p as a result.

Essentially in 2017 the brokers are retaining 2016 PBT & EPS levels, following the ramp up in overheads resulting from accelerated investment, with staff levels almost doubling in the year. However, they now initiate 2018 & 2019 forecasts which highlight the effect of operational gearing, with expectations of £1m & £2.3m PBT respectively. 2019 EPS of 0.43p would result in the shares being priced at a perspective PER of 7.6 a couple of years out.

In summary WH Ireland say,

"This mornings results are in line (rev £1.86m, PBT £0.4m) and mark another record year for the business. Of greater significance, TIDE is shifting its expansion efforts up a gear with substantial investment in new global markets: this will see sales channels established in the Netherlands, Australia, the US and Middle East. Whilst investment (primarily in headcount which has nearly doubled y-o-y) in the short term is expected to lead to a broadly flat profitability outcome in FY17, the benefits should be felt from FY18 onwards where we forecast a substantial ramp up in the revenue line. Although this increases the longer term forecast risk (but note the multi-year nature of contracts underpins a large part of the FY17 number), the TIDE model is coming of age and this should be reflected in the business profitability and, ultimately, valuation. We retain a Buy recommendation and upgrade our T/P to 5p (was: 3.5p)."

---

As I noted previously on the thread, I like their considered & sensible expansion strategy. Don't think we'll have to wait too long to hear news on their International operations & "abundant" opportunities as mentioned in the Chairmans statement.

Kind regards,
Gordon

[masurenguy] 30/3/2017 08:01

Financial Highlights

-- Profit Before Tax increased by over 100% for the year to £352k (2015: £168k)
-- Turnover up 33% to £1.86m (2015: £1.40m)
-- Contracted revenue and other KPIs again at record levels Operational Highlights
-- mpro5 in use in over 100,000 locations
-- Further expansion into healthcare and medicine
-- Progress made in new overseas markets

Barrie Whipp, Executive Chairman of Crimson Tide, commented: "We have had a tremendous year, with progress in all areas of the business. Perhaps the most exciting thing is that we have invested, and will continue to invest in our expansion activities, which are being financed by our existing profitability and cash. The Directors are convinced that the future success of the Company will exceed their previous expectations, both domestically and internationally".

[the shuffle man] 20/3/2017 14:59

Bap with respect you are looking backwards whereas I am looking at this going forward from today.

You are of course correct that over the last few years the company has not done much and this was reflected in a share price that didn't really move in the years prior to 2016.

Since then the outlook appears much brighter with increased sales forecast going forward and the company seems to be gaining traction. The increased t/o will quickly feed down to the bottom line.

The company seems to have the right product offering now that is growing.

Results out soon should hopefully confirm the story.

[cheshire man] 14/3/2017 16:18

Perhaps that accounts for the sudden interest then

[lanzarote666] 14/3/2017 16:14

TIDE was covered by the website with three i's over the weekend in an article entitled 'A trio of AIM growth shares for your ISA'

TPG and SRC were the others.

[saucepan] 14/3/2017 15:32

Cheers, Jamielein; ditto :-)

[cheshire man] 14/3/2017 14:27

Looks like I'm in good company here board getting busy :-)

[hazl] 14/3/2017 14:11

I got into these beginning of 2015 at 1p or so and thought they looked good then.
Think I will wait though for any possible fall out over next month or so before possibly returning.
Things still looking a bit dodgy out there I feel.

[aussiedonnie] 14/3/2017 14:10

Looking good, be back posting here when TIDE is 10p+