Crimson Tide Share Discussion Threads

[michaelmouse] 03/4/2021 09:08

The Barrie Whipp/Jacquelin Daniell connection with TIDE/WEY is food for thought. Both companies have similar growth profiles. Not dissimilar balance sheets. If TIDE were valued on the same multiple of WEY's revenues or P/E then the share price would lie between 5.7p-11.7p.

[dubois] 02/4/2021 14:48

Interesting that Jacquelin Daniell comes on board and then a few weeks later Wey get an offer for the company?

[wanttowin] 01/4/2021 18:46

I'm quite happy to hold this one, it can prove frustrating but the name of the game has to be patience. It certainly was poor timing for release of results,and never nice to see directors selling.
But they have plenty of skin in the game, I'm not selling any of mine and will deffo be adding if we see 2.5p, which I doubt.

mm.. yes great to see the back of Helium, and another connection to WEY with Jacquelin Daniell already on board.

[michaelmouse] 01/4/2021 18:32

If I have concerns about a company then I don't buy shares in it. I have no concerns whatsoever here since Barrie Whipp still owns 68,000,000 shares (10.3%) and Stephen Goodwin owns 35,000,000 (5.3%). Still very sizable holdings.

Just pleased that Helium's overhang has now cleared.

The key metrics and prospects here are outstanding. If you know a safer AIM micro-cap with the great growth prospects that TIDE has then go fill your boots, but I don't.

[scrapheap] 01/4/2021 18:11

My main concern is seeing Mr Whipp selling 15 million of his holding as part of this - (plus another director selling 4 million) just seems odd timing given how bullish everything else seems. The directors buying in are only 333k each shares (£10k)

[michaelmouse] 01/4/2021 17:09

One final thing to mull over the Easter Bank Holiday is that Barrie Whipp the Executive Chairman at TIDE is also the Chairman at Wey Education. Now they haven't done too badly since listing!!

[michaelmouse] 01/4/2021 16:51

The placing shares represent 30.4% of the Enlarged Share Capital. The placing was at 3p (a fairly negligible discount to the share price at the time - bid was 3.2p).

The key points here are that the Finals were released, and are absolutely excellent including 20%+ uplifts in revenues and profits. Gross margins are 81% and FCF was around £850,000 giving cash of £1.2m. Brilliant for such a minnow.

They've clearly stated excellent reasons for raising £6m. In short to fund rapid growth and seize the substantial market opportunity. Management are clearly very confident in the future of this company.

Tide is a fabulous micro-cap.

Well worth noting that the placing has also enabled Helium to sell their remaining holding. Their constant drip feed of shares were the main drag on the share price.

Accelerated book-build was oversubscribed.

When the results and placing are read and digested, I think investors will twig what a great little investment this is.

[calougra2000] 01/4/2021 13:52

good results and placing of upto £6m of shares @3p, via book build. approx. 200m new shares

[williamgtheobald] 01/4/2021 13:45

Agree 'wanttowin' not sure why those results warrent a 3% fall in the share price and its not as if this share motored up prior to results! It's a good company and worth holding, but too small presently to be on people's radar I fear.

For those on this board, enjoy your Easter weekend.

[wanttowin] 01/4/2021 13:38

Good set of results, slightly ahead and pbt +51%.. but yet another one seemingly punished by this market..

[dubois] 27/3/2021 12:55

I'm out of these now, but for anyone still in or looking to get in, here are my figures for what I think year end 2020 will look like. All in my opinion of course.

T/O - £4,656,329
G/P - £4,004,440
Net - £558,759
EPS - £0.00123

[wanttowin] 26/3/2021 14:36

Pretty tired looking website, it could with a revamp.

No financial calendar that I can see, so I'm guessing prelims in the first week of May like last year.

[wanttowin] 18/3/2021 16:48

Hi dubois,

I get the speed of progress is not exciting, I have not been in as long as you, Hoping to hit my target of 4p and this does seem a safe hold.

Good luck with your investing elsewhere.

[dubois] 18/3/2021 14:33

I'd been in these for a long time, but finally took the plunge this morning and sold out.
I had very high hopes for these, but the pace of improvement is so so slow.
If you are happy to buy and hold for five years then I don't see how you could go wrong. For me I'd like to see a slightly quicker return on my investment.

One thing is sure here, you chances of losing your money are pretty remote.

Good luck to all those that are here.

[wanttowin] 18/3/2021 08:27

A few taking the opportunity to exit on this spike, great news more recurring rev and I'm happy to hold.

[2vdm] 18/3/2021 08:07

RNS this a.m. :Crimson Tide Plc (TIDE) is pleased to announce a significant contract win with Compass Group, a global leader in food services. Compass Group provides food services and support services across five market sectors to a wide range of customers in the Private and Public Sectors. The client will be utilising mpro5 to ensure compliance across a broad range of customer and legislative requirements in the UK including brand standards, service quality, health and safety and food safety/allergen controls.

Data visualisation via custom built Microsoft Power BI dashboards, will provide invaluable real-time insights for Compass Group and empower the business to make more informed decisions in their operations.

The subscription contract is for a minimum 36-month period and the total contract value exceeds GBP1.2million. The contract represents a significant increase in the scale of mpro5 usage by this client (approximately GBP1.1million of the total value) as well as consolidating a number of smaller existing arrangements into its scope.

Barrie Whipp, Chairman, commented: "Whilst we have maintained a diverse range of smaller contracts with Compass Group for some time, this contract, to ensure compliance across its food services, is a significant demonstration of the ability of mpro5 to cover a wide range of processes and the Company's ability to broaden its reach within existing customers and enhance value over time."

[2vdm] 08/3/2021 15:37

We had the half year results in mid September, so I hope we get some indication of the full year results be the end of March, although I note that we didn't hear until the end of April last year. The CEO said "The business is set fair for future growth and profitability." in the half year report. I'd rather have less ambiguous statements or better still an update.

[dubois] 08/2/2021 18:03

wanttowin, I don't think it was a sell as there was one later for same amount. just a B&B perhaps.

[wanttowin] 08/2/2021 16:29

Another 2 million shares dumped, I do wish this seller would do one !

[michaelmouse] 28/1/2021 18:00

Yes looks like a good addition wtw.

[wanttowin] 28/1/2021 16:44

Thanks mm,

I do struggle understanding these multiple funds, designed to confuse perhaps.
I rather suspect I pay too much attention to these transactions .

Good news on the appointment of JKD, she has done really well at WEY and brings great online experience.

[michaelmouse] 28/1/2021 07:48

"Crimson Tide (AIM: TIDE), the provider of the mpro5 mobile platform, announces that it has today appointed Jacqueline Karen Daniell (nee Hunt) as an Independent Non-Executive Director. Jacqueline is the Chief Executive Officer of Wey Education Plc, the UK's leading online education provider."

[ilkleyneil] 28/1/2021 07:45

Thanks all. Interesting views. I generally look to hold my investments for between 6 months and two years. I think I may have misjudged the speed of upside in this share when I bought and it looks like a long way ahead before this starts to perform where I need it to be. For me there are better options for my cash so I'll be looking for an exit opportunity now. Of course, moments after I sell my holding, the share price is certain to rocket upwards. Good luck to all.

[michaelmouse] 27/1/2021 18:30

wtw-

Not entirely sure what Helium are playing at really. Originally they held a very significant holding in their Special Situations Fund, and were selling down. However, in a recent holding notice they'd sold some more from Special Situations only to buy 2.97% into their Rising Stars Fund. The latest holding notice indicates that Special Situations had reduced again. However, Rising Stars Fund percentage also appears to have fallen to 2.75%? No dilution has taken place.

26/10/20
1. Special Situations Held 36,625,106
2. Rising Stars Held 13,600,000

18/01/21
1. Special Situations Held 33,025,106
2. Rising Stars Held 12,600,000

Hope that helps but I have no idea what Helium's intentions are going forward and given my time horizon don't really care too much.