H1’18 was a period of significant investment for Crimson Tide, as per its strategic plan to accelerate commercialisation. The initial results are encouraging: the group now sees an enhanced and broad pipeline of over 100 commercial opportunities (+5x its usual levels). With the group’s sales team in place, a full pipeline and its new cutting-edge IoT offering ready to launch, we view our short-to-mid-term forecasts as well underpinned. We reiterate our Buy rating.
28 Sep 2018
H1’18: Primed for acceleration
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H1’18: Primed for acceleration
Crimson Tide Plc (TIDE:LON) | 160 0 0.0% | Mkt Cap: 10.5m
- Published:
28 Sep 2018 -
Author:
Kartik Swaminathan -
Pages:
2
H1’18 was a period of significant investment for Crimson Tide, as per its strategic plan to accelerate commercialisation. The initial results are encouraging: the group now sees an enhanced and broad pipeline of over 100 commercial opportunities (+5x its usual levels). With the group’s sales team in place, a full pipeline and its new cutting-edge IoT offering ready to launch, we view our short-to-mid-term forecasts as well underpinned. We reiterate our Buy rating.