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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Crossrider | CROS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 76.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 76.50 |
| Top Posts |
|---|
Posted at 09/1/2018 20:27 by modform Well, I had been adding around 66p due to cheap valuation, but to be honest I don't like the business model, I hope it won't turn out to be a value trap.Nice to see so many knowledgeable investors on board here |
Posted at 06/1/2018 00:07 by dibbs I've held TAP for a long time and have been lucky enough to profit very nicely from their continued success making other plays in this area of interest to me. When Apple launched iOS 11 much of the sector seemed to be knocked as investors feared Apple would kill the cookie and impact upon the whole Ad Tech sector. TAP were quite clear that this would not impact upon them.CROS looks an interesting play with an attractive valuation and plenty of cash to back it up. A load of names I respect posting here adds further interest. Have CROS commented on if cookie deletion will impact upon them or not? Cheers Dibbs |
Posted at 02/1/2018 19:12 by glasshalfull Added heavily today.I’d top sliced quite a few following the Simon Thomson, Investors Chronicle surge in September & essentially was fortunate to buy them back today 20% cheaper. Highlights the drift in many small cap companies in the absence of news. Spent a number of hours reviewing the company over the weekend and watching the excellent PI World presentation from mid-October. As mentioned, the shares have fallen by (-20%) since early October 2017. This is despite the fact the company agreed to a recorded presentation which was bullish in content and outlook & also initiated a Capital Markets Day in the intervening period. Not something undertaken lightly if a precursor to any bad news. The CEO also confirmed in an RNS 5-weeks ago that CyberGhost was, “...now fully integrated and performing ahead of expectations” as noted by mfhmfh. So - IMHO - I believe risk/reward now markedly improved as an investment @ c.65.5p To recap, at the current share price: - Market Cap £92.3m Net Cash $60.87m or £50.6m (at 30.06.2017) or 55% of the Market Cap Enterprise Value £41.6m The company is generating cash with Shore forecasting $5.4m FCF in 2017, increasing to $7.1m this year which equates to a FCF yield of 5.9%. Earnings are also forecast to grow strongly over the next few years. This could accelerate if they are able to deploy their significant cash balance on suitable acquisition(s). Adjusted diluted EPS(c) 2016A 2.9c 2017F 3.9c (+34%) 2018F 5.1c (+31%) 2019F 5.9c (+16%) With cyber-security such a hot-topic the cash adjusted PER of 9 appears excellent value IMHO. Shore commented in Sept 2017, “...Crossrider The CyberGhost acquisition is performing ahead of expectations, offering early proof of concept for Crossrider’s distribution capabilities with new products. We leave our full year forecasts largely unchanged at this time, with increased visibility on earnings given the underlying performance the first half and the H2 weighting of the Media businesses. Crossrider trades on an ex-cash PE of 9.4 x and a FCF yield of 4.5%, a compelling valuation in our view.” Kind regards, GHF |
Posted at 16/11/2017 09:42 by tomps2 Video of the investor presentation by £CROS CEO: Ido Erlichman 25.10.17Length: 30 mins Background & introduction 00.18 The opportunity – 01:34 Market drivers – 02:40 Core software products – 04:16 Positioning in the Personal Security Market – 07:52 Optimising users - 09:02 Highlights: H1 – 13:39 CyberGhost acquisition – 15:27 KPIs - 18:13 Strategic priorities – 20:19 Financial highlights – 21:45 Revenue analysis – 22:33 Key growth drivers – 23:12 Summary – 24:43 Q&A Is there a seasonal bias? – 26:11 Is a dividend likely in the future? – 26:49 With Cyber Ghost, what is your differentiating factor? 27:39 Is IoT useful to drive concerns amongst a new consumer base or are there new products you can develop in this area? 28:50 |
Posted at 15/10/2017 10:48 by tomps2 CROS are presenting on 25.10.17 (5pm start) at an investor event organised by PIWorld, Progressive Equity Research and MHP. If you want to come contact through the piworld.co.uk contact page. (There is also Gervais Williams, Miton Group and NWF presenting at the same event). |
Posted at 20/3/2017 12:13 by rathair Tipped as a buy again today by ST in the Investors Chronicle.He says the cash is = to 42p alone and they are well placed to make a significant acquisition and that their enterprise value is way to low. |
Posted at 17/3/2017 14:37 by rathair I expect ST at the Investors Chronicle will do his Crossrider update on Mon then as expected.Which should give the share price another boost up to £1 where it should be by now. Or Tues at the latest. Good for another 10p on the share price alone is that. |
Posted at 15/3/2017 14:49 by rathair ST at the Investors Chronicle has just stated he intends on doing an update report now that the results are out.So that may be tomorrow but more likely Monday or Tues. He doesn't often update on a Thu I think because the mag is off for print on a Thu. I expect it to give the share price another boost towards £1 and beyond. Best undervalued share on AIM with significant upside potential. |
Posted at 14/3/2017 08:32 by rathair This mornings treeshake or rather weak holders who dont understand the results seems to be finished and strong buyers are flooding in.Weak holders or people who dont understand that the lower turnover is a known ,so thought the company was not doing as well as it should be sold on their initial view of the results. But as we know this is a misnomer and already priced in. A re rating is due a substantial one and I expect The Investors Chronicle will have some upbeat comment to make about these very good results either later today or later on this week. We are supported here by about £60m in cash and have zero debt. Cash is practically 3 quarters of NAV . This is astounding value and an share price of double or treble the current share price would not be surprising in due course. One of the strongest if not the strongest buy on AIM this year. £60m in cash and zero debt and a substantial profit making business this will soar beyond £1 over the coming months or it should do I expect. |
Posted at 06/2/2017 14:51 by rathair The business model of online distribution and digital products specialist Crossrider (CROS) has evolved since the company floated on Aim in the autumn of 2014, when it raised £46m at 100p a share. The business is no longer solely focused on monetising web and mobile media through the use of big data, but now has an app distribution platform that its customers can use for marketing their own products. The board is also using the company’s cash-rich balance sheet to add to its product portfolio.A good example is Crossrider’s bolt-on acquisition a few months ago of DriverAgent, a PC maintenance software products company offering a leading device driver search and update service, which scans computers for outdated drivers. The product is designed for use with desktop computers, tablets and mobile devices and is compatible with all Windows operating systems. It’s popular too, having been downloaded more than 50m times in the past decade. Before the acquisition, Crossrider had successfully promoted DriverAgent on its own proprietary app distribution platform, achieving a 125 per cent increase in revenue from the product and doubling the monthly average gross profit achieved before launch on the platform. In a trading update a few weeks ago, Crossrider’s directors revealed that DriverAgent has been fully integrated into its own proprietary app distribution platform and the $1m (£800,000) acquisition is expected to be earnings accretive in the first year under the company’s ownership. Crossrider’s web app distribution business also offers Reimage, a patented Microsoft-based product tool that enables customers to clean up their computers. Users are offered a free scan that identifies infected files and then offered the product for $99 before incentives if a repair to their computer is required. I understand that the conversion rate is around 5 per cent, thus providing a decent income stream for Crossrider. The transition from an advertising technology company to one that provides a distribution platform and product hub for companies focused on digital products as well as its own consumer base makes commercial sense. App distribution accounted for almost two-thirds of Crossrider’s first-half revenue of $28.7m, and at sharply higher margins, reflecting more than 250,000 individual product sales. Rising profitability from this segment is being supported by a move to reduce reliance on outsourcing activities and increase direct control over distribution, thus improving customer service and retention rates with the aim of shifting towards a more recurring revenue base. The company’s other main activity has two business lines: Ajillion, a white label mobile ad server for ad networks, and agencies; and DefinitiMedia, a mobile ad network. Ajillion enables ad networks to buy and sell mobile advertising capacity from publishers and advertisers and takes a cut of the value of traffic generated across its platform. DefinitiMedia is an advertising network that uses the Ajillion hub to offer managed services through the Ajillion platform. The profit contribution from Crossrider’s media division rose by around 13 per cent in the first half of 2016. Under the leadership of chief executive Ido Erlichman and finance officer Moran Laufer, who were both brought in last year, the company has successfully restructured its operations, cut $2m of annualised overheads, and hit analysts’ cash profit estimates of $6.4m on revenue of $56.5m in 2016. True, full-year pre-tax profit of around $5.9m will be a quarter below the prior year’s result, a reflection of the decline in its web apps business, which was focused on providing software code to large numbers of independent code developers and small publishers. These developers then incorporated Crossrider’s extensions into their own products, pages and apps, allowing adverts to be served to users, thus generating revenue for the content owner. The problem being that the monetisation methods were intrusive for end users, prompting Crossrider to withdraw from this previously profitable business line. Clearly, investors have been concerned that Crossrider’s business is in structural decline, hence a share price trading at half the flotation price. However, with the company’s year-end cash pile equating to £58m at current exchange rates, representing 83 per cent of the market capitalisation of £70m, its profitable and growing media and app distribution platform businesses are effectively being valued at only £12m. That’s anomalous considering Crossrider is cashed up for further bolt-on acquisitions, and analysts expect a return to growth in 2017. In fact, Gareth Evans at Progressive Equity Research believes that Crossrider can grow pre-tax profit to $6.7m and generate EPS of 3.4¢ (2.7p) this year, estimates that don’t look out of place to me. So, with forthcoming full-year results on Tuesday 14 March set to highlight the successful business transition and upbeat trading prospects, a substantial share price re-rating is in order. Buy. |
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