Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
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(housebroker) unsurprisingly reiterate 125p target price in broker note issued 9/8/18 following contract RNS.
Bit more on the website about that, highlighting the importance of the Managed Services win of a new customer by competitive tender.
https://www.castletonplc.com/2018/08/10/castleton-supporting-the-transformation-of-dghps-it-systems/
Exactly. I try to work with what I know, taking possibilities into account. What we all know is that an opportunity/arrangement existed today for larger holders to sell and buy, and it did the share price no harm. The opposite in fact. As to who sold, MXCP, Kestrel or whoever, and who bought, it does not matter here, though my hope is the shares have started again with smaller holders.
I was pleased to see the win for Managed Services notified today, as it is a continuation of the uptrend mentioned in the final results, providing more profitable contracts.
The following comment was interesting, indicating current ongoing growth in new customers, and the further consequent additional potential over time.
"As we continue to expand our customer base, we are also seeing increasing opportunities for upselling and cross-selling other products and services across the Group."
H1 end approaches, and we shall know more in October ( dividend announcement ? ) though as with today, there may be something else before then.
Yes. As you say, best to say trades. I suppose the106 is a buy, and arguably the 105s? I've tried before, and given up guessing. A good day, they've all gone to good homes and we've gone up.
Some juicy late trades there been reported after hours....
Identifies progress in and optimism for the managed services side of the business,, under lengthy contract.
TechMarketView
Castleton Technology: Managed Services win
Georgina O'Toole, 08:22, 09 August 2018
The managed services element of Castleton Technology’s portfolio has been outshone by its software recently, with much focus on the integration of the company’s product suite following multiple acquisitions (see Castleton Technology: The post-integration story). The provider of software and managed services has had a successful year or two (see Castleton makes more progress), winning a number of significant multi-year and multi-product contracts as a result.
Today’s news pushes the managed services business back into the spotlight, as Castleton announces a contract with Dumfries and Galloway Housing Partnership (DGHP). Castleton will provide an end-to-end managed service over four years (with a two-year extension option). The value is £1.2m over the four years (increasing to £1.6m if the extension options are taken up). The managed service covers hosted workspace-as-a-service (including desktop refresh and ancillary services utilising private and public cloud (Azure and AWS) where applicable); application hosting; business continuity; information governance; WAN and LAN management; and continual service improvement through service desk management and device management & support.
Castleton’s was formed via a ‘buy and build’ strategy. Two of its acquisitions – Montal in 2014 and Keylogic in 2015 – were focused on outsourced managed IT services to the public sector. The company’s software and managed services offerings are delivered via two aligned business units, offering opportunities for upselling and cross-selling across the Group. The addition of another managed services contributes to Castleton’s strategy to grow its recurring revenue base.
Managed Services Contract - there is room to keep adding value there over and above solution sales. Adds 1.2% to cumulative repeat revenue and helps forward visibility of earnings - hence the promised divi.
I can go no further than the net result of the latest announcements. It frees up £2m+ cash for MXCP future deals.
Of no further consequence to Castleton, which is ticking over nicely.
And there's the MXCP holdings RNS. This WRAY/MXCP dealing seems part of a wider strategy to me, of advantage to both.
Looks as though WRAY sold tax systems, which Mxc bought, at the same time as Mxc sold Castleton, which WRAY bought. Something to conjure with.
We don't know yet who bought the 'second sale' shares.
And sort of surprisingly, put a lot into Tax Systems, rather than for use in new ventures. Something may unfold later, but that's for Mxc and tax investors.
MXCP down to 6.65% on Fridays trades. As hoped and anticipated, coming out at market price in bulk at no damage to share price
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MXCP&ArticleCode=hr77sxg7&ArticleHeadline=Further_Investment__Sale_of_Shares
Those trades, whatever they are, seem to have taken care of themselves - absorbed one way or another. One takes a profit, another looks to do so.
My ideal scenario was not to be. But never mind, Nigel WRAY upping his stake is not exactly bad news.
As you pointed out, there may be some elasticity now after a good run, but company performance, whatever it is, will ultimately drive the price.
big numbers. And ask dropped.
And they're at it again. More bid numbers. All starting again at this price.
WRAY added another 6%, skipping through some %age points without notification on the face of it. Got a lot of money tied up here.
Yes. And bulk sales with buyer(s) waiting must be a good sign. If the pattern is followed, there may be a period of consolidation around here. We await news on further company progress, with results in October being the next known expectation - but there may be something else before then.
Exactly what I like to see. Identity of buyer/seller is unimportant, but ideally they have gone to a small or new holder.
If they're all one side of a trade, that's a million pounds worth - easily 1%. Good stuff.
They're at it again. Changing hands at this price. Good news if it continues at the price.