Castleton Technology (CTP)

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250
Castleton Technology CTP Logo

A software and managed services provider to the public and not-for-profit sectors.

9-Oct-2017

Trading Update For The 6 Months To End September 2017 – Encouraging update with Revenue and Profit due to be up 10% to support a full year performance in-line with market expectations. Debt is down from £9.4m to £7.9m (about 15% of Mkt Cap).

7-Nov-2017 – 62.75p – £49.4m – PER 12.3

Unaudited Interim Results For The 6 Months To End September 2017 –  Revenues up 10.9% to £10.8m (£9.7m last time), PBT £0.2m (£0.04m last time).

On a PER of 12.3 there’s little to excite here at present.

5-Apr-2018 – 75p – £59.2m – PER 13.2

Trading Update For The 12 Months To End March 2018 – In-line and optimistic for future growth.

Based on being in-line this seems fairly priced for me. I’m Neutral although it could be a market leader, will keep an eye out for updates.

9-Oct-2018 – 100.5p – £81.7m – PER 16.5

Trading Update For The 6 Months To End September 2018 – In-line.

I like this company but at present I see it as fairly priced.

6-Nov-2018 – 90.5p – £73.6m – PER 14.7

Unaudited Interim Results For The 6 Months To End September 2018 – Revenue up 20% to £12.9m, PBT doubled from £0.2m to £0.5m – Intention to implement a progressive dividend policy for the FY.

I still quite like this but still see it fairly priced around the 100p level.

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