Crossword Cybersecurity Share Discussion Threads

[linhur] 14/10/2011 11:58

It looks to be shaping up to be quite an interesting bid situation with several parties having an interest.
Enigmatic is making quite a play on their offer only being available until the first closing date on 19 October.
The board has made a robust defence from holding a weak hand.
Only one major interest holder (Henderson) has followed Herald in getting out at 23p and selling to Enigmatic.
No doubt Tony Houldsworth and the US Entertainment division is looking at the possibilities.
Bob Morton and colleagues probably sit on 25-29% of the votes although I would not expect a bid from them.
Other software companies will probably run a sliderule over Clarity.
Any way my take is that no company ever accepts the first offer and until Enigmatic give their response after the first closing date, it will be difficult to judge any final price that Clarity might be sold for.
kind regards
Linhur

[windass] 28/9/2011 15:08

Bye bye Ken

[isis] 28/9/2011 13:16

Seems they have little cash - not a good position to be in.

[linhur] 27/9/2011 22:44

Half my holding was bought at 13p when they had a fund raising after the York fall out.
Was planning to go to AGM tomorrow. I suppose that will be adjourned?
Can think of 3 other possible buyers so there may be some competition!
Probably the best answer is a sale and Jon Moulton is expert at good timing.
kind regards
linhur

[stegrego] 27/9/2011 18:07

I'd venture that almost no one bought shares at a lower price than the offer, so I'm struggling to see how congratulations are in order.

To be fair they warned at around 40p some time ago so...


Stegrego - 22 Nov'10 - 21:22 - 176 of 195   edit

I too sold out today - very surprised that the share price was up actually, so a pleasant suprise....

Will watch for better results.

[isis] 27/9/2011 14:59

This is opportunistic. Although I don't hold it is a cheeky bid due to the state of the markets, probably be some similar ones.

Anyone know what cash they have?

[davydoo] 27/9/2011 14:55

Nice? I can't imagine many have bought lower to gain from this deal

[topinfo] 27/9/2011 13:12

23p cash offer Guys, well done. Nice!

[linhur] 17/8/2011 16:04

See Derek Pain- "No Pain No Gain" has ditched Clarity on grounds of no news is bad news.When the poor results eventually appear I hope there is a lot of restructuring and a new clear strategic path is put forward, aided and abetted by some Board changes.
regards
linhur

[linhur] 22/7/2011 22:57

More like there is a fund raising in the offing.
Strange how this time last year they were motoring along with a target profit for 2011 of £2.3m and share price forecasts between 45-55p.
Perhaps it is time for a change of chairman. When the New Zealander was the head man there was always some news and a buzz around the place. Now nothing.
regards
linhur

[davydoo] 22/7/2011 15:00

Its a very similar situation at Prologic PGC, a similar sized (though different market) software provider. The companies used to share a director; Prologic Chairman Colin Wells who recently stepped down from Clarity.

Their results are also late, with no notification of why or when, despite having always been early June in the past.

I suspect you're right, whilst they cant alter last years figures, they may be hanging on to announce a new post period contract or to be able to offer a better forward statement.

[strollingmolby] 20/7/2011 08:36

What's happened to the annual results here? They're well overdue as the Board stated they would be released in June (back in the April Trading Update). Could they be delaying their release as they hope to include post-year-end contracts to bolster what will likely be dissapointing results?

However, with the market cap now down to ~£6m this could be a tasty little acquisition target for someone... (we just need to see the results though!)

[davidosh] 24/6/2011 20:11

Some discussion on CCS in the Pub...



If anyone can add anything.

[strollingmolby] 24/6/2011 10:10

Good solid theme park wins announced today (Disney & Six Flags?) that further embed Clarity on these parks. However, before I can get interested enough to buy here, still need to see the full year results to understand just how much revenue was deferred post-year end, and how significantly overheads were scaled back. I suspect the FY loss will be ugly,but perhaps CCS is turning the corner now? Any thoughts?

[denc] 16/4/2011 05:24

time to sell and move on

fragmented software bitting and bobbing around the edge of the bigger players

tough future imho

[zipstuck] 04/4/2011 12:51

I think the June update should confirm if the deffrered orders are placed by then

[greengiant] 04/4/2011 08:45

Not in but starting to look cheap. What do you think to the management?

gg

[stegrego] 04/4/2011 08:10

Stegrego - 22 Nov'10 - 21:22 - 176 of 181 edit


I too sold out today - very suprised that the share price was up actually, so a pleasant suprise....

Will watch for better results.

-------------------------------------------------------

And very glad i did too as share price is nearly half now.

Reading between the lines, this was on the cards IMO.

Good luck to any holders

[titeuf_int] 05/3/2011 09:02

Sorry to disappoint most of you but the 5.2p eps forecast is completely unrealistic as the company lost 1m in profit compared to H1 09.

I am more looking into a 2.5p forecast.

In addition, people are getting more and more worried about the consumer sector hit by rising oil prices, lower disposable income after the Government big cuts.

Look at their client list andsome of them are having big troubles : HMV Waterstones are big clients. Tehy also have in their leisure branch UK councils as clients.

[callumross] 03/3/2011 12:38

Just an absence of buyers, I believe. Someone dumped 15k shares at 26p a couple of days ago when the bid price was 31p. So clearly in the absence of buyers the MM's are not wanting to take stock on board. They are only firm in 5k shares. If broker forecasts are correct, we are looking at a P/E of between 5 and 6 for the year which is just about to end. So dirt cheap. Unfortunately, we won't know whether these forecasts are anywhere near accurate until the publication of the full year results in June. Maybe the company will publish a TS in early April shortly after the year end to reassure the market that they are not way off meeting market expectations.

[nick rubens] 03/3/2011 11:55

davydoo cheers I wonder if bad news is on the way (don't we all). My TDW stats show forecast of 5.2p EPS for the full year but the market doesn't seem to think so?

[davydoo] 03/3/2011 10:10

Im a lurking ex-shareholder, like Steg I sold out but continue to watch.

[nick rubens] 03/3/2011 09:42

Any CCS holders lurking?

[stegrego] 22/11/2010 21:22

I too sold out today - very suprised that the share price was up actually, so a pleasant suprise....

Will watch for better results.

[interceptor2] 22/11/2010 15:15

Interims were a little disappointing today, I hadn't expected a loss of £0.80m. I can see and understand how some contract slippage and extra cost associated with the Cyntergy have impacted.

But on the bright side they did announce some good contract wins, and with the additional appointments it does look promising going forward.

I think I brought in a little too early here, so I did sell my holding today. But will try again when I see a bullish trading update or wait for the next results.

Regards ic2......