We reiterate our Buy rating on Crimson Tide in the wake of a broadly inline set of results and an expectation that converting a burgeoning pipeline will cause sales and profits to grow substantially into FY19E and beyond. Key metric PBT was better than expected in spite of significant investment in the year and a slightly weaker than expected topline (due to the timing of subscriptions and lower hardware sales). We believe our thesis is intact and the shares are yet to capture the group&rsquo
30 Apr 2019
FY results inline with expectations
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FY results inline with expectations
Crimson Tide Plc (TIDE:LON) | 160 8 3.2% | Mkt Cap: 10.5m
- Published:
30 Apr 2019 -
Author:
Kartik Swaminathan -
Pages:
8
We reiterate our Buy rating on Crimson Tide in the wake of a broadly inline set of results and an expectation that converting a burgeoning pipeline will cause sales and profits to grow substantially into FY19E and beyond. Key metric PBT was better than expected in spite of significant investment in the year and a slightly weaker than expected topline (due to the timing of subscriptions and lower hardware sales). We believe our thesis is intact and the shares are yet to capture the group&rsquo