01 Apr 2021
Crimson Tide - Catch this rising tide
FY20 is slightly ahead of expectations with impressive YE net cash more than adequate for current growth projections. However, TIDE has identified a range of projects to deliver a transformation in its scale and prospects: strengthening its global partner network; delivering a swathe of enhancements to the current enterprise solution; and developing a new SME offering. Delivering these through an investment of £5m, spent over the next few years, will suppress short-term profits but buys a dramat ....
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Crimson Tide - Catch this rising tide
Crimson Tide Plc (TIDE:LON) | 160 0 0.0% | Mkt Cap: 10.5m
- Published:
01 Apr 2021 -
Author:
Cavendish Research -
Pages:
18
FY20 is slightly ahead of expectations with impressive YE net cash more than adequate for current growth projections. However, TIDE has identified a range of projects to deliver a transformation in its scale and prospects: strengthening its global partner network; delivering a swathe of enhancements to the current enterprise solution; and developing a new SME offering. Delivering these through an investment of £5m, spent over the next few years, will suppress short-term profits but buys a dramat ....