Most recently on transport analytics group Cordel (CRDL), in July with the shares falling below 7p I wrote ‘argues developments in place to recover growth trajectory, but is there?’ concluding to still avoid. The shares most recently closed at 6.25p and what about now half-year ended 31st December 2025 results and the shares currently falling below 5.5p?
Transport analytics group Cordel (CRDL) has issued a “Business and Trading Update” including its Chairman Ian Buddery stating “we have performed well in FY25… We are excited by the potential of our PTC product initiative, ahead of its upcoming launch. An unexpected bonus has been the interest in PTC from other countries, the applications for our Multimodal Artificial Intelligence technology are broader and deeper than anticipated”. So what of a share price response currently more than 5% lower to below 7p, after already a fall from above 8p last month?
Last week Cordel Group (CRDL), describing itself as an “AI platform for transport corridor analytics”, was “pleased to announce a new 5 year term contract with one of the leading Class 1 freight railroads in the United States” and also “announces a variation to the vesting conditions of Chief Revenue Officer Mike Turner’s existing unvested options” – that from vesting against the group’s current year revenue target to now its bookings target and stated to be “more aligned to our priorities”. So what about now an “update on trading for the year ending 30 June 2025”?
A “Cordel AI Technology Certified by Network Rail”-titled announcement from Cordel Group (CRDL) today which includes Cordel CEO John Davis emphasising “Network Rail has some of the most stringent infrastructure monitoring standards in the world, and we believe this approval consolidates our position as the most advanced supplier of AI-driven railway infrastructure insights”. So is a current 6.5% higher share price response to above 6p to give a £13.2 million market cap justified or is the announcement ramptastic?
Transport analytics technology group Cordel (CRDL) has issued a “USA Contract Expansion”-titled announcement emphasising that it is “delighted that our business relationship with Amtrak continues to grow”. What of this from a current 4.45p share price, £8.9 million market capitalisation?
Transport analytics technology group Cordel (CRDL) commences a latest announcement with that it “is pleased to provide an update on full-year trading for the year ended 30 June 2024 and the progress made by the company in the year”. The shares have currently nudged up to 4.65p in response, but what of they still below the above 5p at which they commenced 2024?
Transport sector technology group Cordel (CRDL) has issued an “AI Technology Certified by Network Rail”-titled announcement, with Cordel’s CEO John Davis emphasising that it “is the first company to achieve this approval for capturing and processing data from trains running at full speed in passenger service” and that “Network Rail has the most stringent infrastructure monitoring standards in the world and our position is now confirmed as the most advanced supplier of AI-driven rail infrastructure insights”. What of this announcement and a current more than 8% higher share price response to 4.7p?
Previously writing on transport data technology group Cordel (CRDL), in August with the shares up to 6.5p I noted I retained concerns. The shares most recently closed again at 6.5p, but what of them currently up to 8p on the back of a “New USA Major Contract Announcement”?
Transport data technology group Cordel (CRDL) states that it is “delighted by another major contract win in the UK”. So what of the shares currently responding approaching 24% higher to 6.5p?
Previously writing on transport data technology group Cordel (CRDL), in February with the shares falling below 9p I concluded that my prior ‘growth trend’ and cash burn concerns looked to remain valid. So what of now a trading update and the shares currently further lower towards 6p?
Previously writing on transport data technology group when it was Maestrano, in October with the shares down to 13.5p I concluded there looked to still be much ‘growth trend’ work to do to justify the valuation and meanwhile there was also cash burn concern and I continued to avoid. The now Cordel Group (CRDL) has now announced results for its half-year ended 31st December 2021 including that “we have delivered positive progress with contract wins and exciting partnerships”. So why are the shares a further more than 10% lower to below 9p?...
