The spread has now tightened and these can be bought at quite a good price. I think these will prove to be a good investment in quite a short space of time. The beauty is these are under the radar at the moment as no broker covers them. Witness the fact that this BB is pretty dead. However, when it starts to rise, it will be deluged by daytraders.
While I believe organic growth should eventually see these re-rated, there is always the possibility that they'll be snapped up by a provider looking to broaden its offering and cross-sell to a range of markets.
That spread may tighten over the next few weeks and that would be the time for non-holders to enter. That said, I'm confident that, given its prospects, any price below 2p will deliver good value over the next 6-12 months.
I've bought another tranche as I'm convinced these will rocket on news of new contracts that should come along in due course. Given the importance of logistics and efficiency in every business, it appears logical that many more will be using Crimson Tide's technology.
They're also developing innovative apps and with solid backing, no debt problems and a fast growing business the downside appears very limited.
I couldn't resist buying some more of these...Helium increased its stake a few months back and it appears to be making good progress...These are high risk but could potentially multi-bag over the next 12 months, whatever happens on the macro front.
EBITDA increased 21% to £196k (2011: £162k)
Turnover (£1.2m) and positive PBT as anticipated
Cash resources available to fund subscriber growth
Growth in contracted subscribers of 20%
mpro5 fully developed to work on iOS, Android,Blackberry, and Windows 8 smartphone andtablet operating systems
Significant trials in progress
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