Crimson Tide Share Discussion Threads

[slicethepie] 04/6/2024 07:42

Ckt has £9m of cash, the only debate is will that be sufficient for it to reach profitability. Personally think management at Ckt are much stronger and are being realistic in thinking that they are sub scale. This sector is fast growing and someone will consolidate it at some stage so being bigger will be an advantage

[chillpill] 04/6/2024 07:41

Yes. CKT could do with that £3m cash.

Such a low ball offer doesn’t give the bid much credibility.

In my eyes the shares are worth 450p in a bid situation but tbh not really interested in selling out even at that.

[bmcollins] 04/6/2024 07:23

@slicethepie
I think they are both now in play, but Checkit is a loss making company (£4.5m on last figures, down from £12.3m the previous year),with no cash & Tide is profitable with 50p of cash per share so why any holder would be interested in Checkit I honestly fail to see.

[chillpill] 04/6/2024 07:18

Who has the better product offering and better cashflow?

[slicethepie] 04/6/2024 07:08

They are v similar businesses, both arguably sub scale so makes strategic sense, so 2plus 2 should make 5. Only issue is price and both companies have depressed share prices so this limits the amount Ckt can offer. Might put them both in play ???

[bmcollins] 04/6/2024 06:54

@chillpill
Agreed, it seems totally opportunistic & very low to me.
It may, however, be a trigger for investors to look at this stock, which they do not seem to have done for a very long time...

[chillpill] 04/6/2024 06:16

Seems an utterly pointless bid approach to me?

What am I missing?

Quite happy to sit on my 35k shares as the Company is fundamentally undervalued.

[bmcollins] 03/6/2024 11:51

I must confess to being very happy with this report, cash is indeed worth 50p a share, outlook looks bright, revenue increasing, most aim co's would die for cash in the bank and expanding revenues in a capital light business giving terrific profit margins like Tide.

[geraldus] 17/4/2024 11:04

Even managed to squeeze in a mention of AI in his monologue.

[wisecat2] 17/4/2024 08:22

no still working from home

[slicethepie] 17/4/2024 07:45

With Phil meyers becoming group ceo does that mean jd is going ?

[chillpill] 17/4/2024 06:54

Looks fine to me. Cavendish have 500p price target.

[wisecat2] 17/4/2024 06:19

Falling well behind checkit

[wisecat2] 17/4/2024 06:17

Chairman found it a frustrating year. His handicap fell from 5 to 9

[hamidahamida] 14/2/2024 11:58

Graph doesn't look good This may hit all time lows

[chillpill] 23/1/2024 07:09

Cheap as chips.

Good to see cash has gone up £440k in last 6 months.

I see they are recruiting at the moment.

[the shuffle man] 04/1/2024 14:52

Nice bowl forming on the charts.

Lets hope a year of recovery. Does look cheap at these levels.

[z1co] 30/11/2023 12:33

A strong year with revenue likely to increase to around £6.20m (2022 £5.35m)and EBITDA of at least £0.4m (2022 LBITDA £0.4M).

They still have a healthy cash balance of £2.8m which has NOT reduced from 30/06/2023 when they had £2.8m.

They are also due R&D tax refund of at least £0.3m which will increase the cash balance to over £3m.

The cash pile is worth apprx 50p.

The Directors remain confident in future performance and expect a strong pipeline of new business and increasing visibility to continue.

[chillpill] 28/11/2023 07:25

That’s a very Tidy update.

Look forward to reading the Cavendish report but looks dirt cheap.

Personally I think the share consolidation was a complete waste of time. Only winners were the advisors.

[clocktower] 01/11/2023 21:36

These consolidations are never truly about narrowing the spread or attracting new investors, they reduce the numbers on the shareholders register and making it easier to undertake a raise, if the need arises, at a big discount, which would not be possible with a share price of under 2p.

[blackhorse23] 01/11/2023 10:50

Out now & going to buy WJG

[davemac3] 01/11/2023 08:29

I thought the idea was to narrow the spread

[hamidahamida] 17/10/2023 08:41

I'm afraid company is run by a useless management, sofar done nothing but destroy shareholder value

[clocktower] 05/10/2023 10:50

Twelve months or so down the line, I expect another cash raise, hence they needed to consolidate now, so to raise at a big discount I guess.

It all looked positive until they took advantage of the cheap money last time they raised and got to big for their boots.

[eezymunny] 05/10/2023 07:03

Desperate measure, an irrelevant share consolidation. Get out there and sell some software...

I really dislike this company.

Fluff everywhere IMO.