Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
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Nice finish to the day.
Had a look at the charts earlier and looks like CTP has broken back into an old trading range. Good news if it can stay within those trend lines.
http://www.chartupload.com/viewer.php?file=60282459907506941965.png
Nice chart. Thanks for sharing.
A list accounting for 70% plus of the share capital, with the possibility of other interested parties from the capital markets day. It is good to get a recent update from Castleton, which is as accurate as we are likely to get - something to which to back - refer should the need be felt. Should progress be made in line with expectations, one can expect most to hold for the two to three year period in respect of which there is some aspirational indication, with senior management striving for a minimum almost doubling of the share price by period end. Exceptions would likely be MXCP, who will have need of cash to further their new ambitions, and just possibly Kestrel, who may wish to follow - but they may use funds from a lesser performer.
Set against that, and with the odds of multiple to full suite product sales increasing with referenceability ( Castleton has not hitherto bid for such contracts ) the FinnCap price target, though from a house broker, seems a reasonable one.
The June results outlook stated trading was 'comfortably' in line, with good forwarded visibility, but it is this comment, coupled with Dean Dickinson's statements in presentations of not previously bidding for contracts without referenceability from existing users that reinforces my expectations. Castleton now has that ' proven ' full suite of products.
"We have now developed a fully integrated solution, which is demonstrable and referenceable and which will enable us to bid for more new opportunities."
£1 paid. Mental milestone. See if it'll break £1 share price next.
Hopefully, should they sell more as anticipated, MXCP will sell in bulk at market price as before, Should Kestrel do similar, in whole or part, then good news for shareholders.
It may prove a psychological moment for some, but that is all in time. Company progress ( or highly unlikely, in my view, the opposite ) will not be halted. All available indications are that H1 results will show marked improvement, with a progressive dividend on its way, The recent dividend announcement alone shows the board's confidence in forward visibility on increased earnings, rewarding shareholders whilst retaining sufficient cash to enable growth. As I have mentioned before, the £600,000 365 agile payments will cease soon. Final payments will have to be made, but that will have been taken into account alongside the dividend. The £600k will then drop straight to the bottom line. The CFO has thought the future through.