Crimson Tide – emphasises “a resilient recurring revenue base”, but how “resilient” really?…

Most recently on “operational compliance platform” company Crimson Tide (TIDE), in February with the shares rising above 90p I wrote ‘to what extent is argued contract ‘delight’ share price rise justified?’, concluding that the share price rise looked quite optimistic and still avoid. The shares most recently closed at 82.5p but what about them currently rising back towards 90p on a “Year End Trading Update” announcement?

Crimson Tide – to what extent is argued contract ‘delight’ share price rise justified?

Crimson Tide (TIDE) has issued an announcement regarding a contract with printing press business Koenig &  Bauer, noting a 36 months agreement with Koenig &  Bauer UK having integrated its mpro5 operational compliance platform deeply into service and operational workflows. What’s the detail of this, with shares in Crimson Tide currently approaching 9% higher at 92.5p in response?

Crimson Tide – Christmas Eve “Customer Contracts Update”. Uh oh…

Most recently on ‘process management platform’ company Crimson Tide (TIDE), last month with the shares up to 70p I wrote ‘a “significant” contract extension or more attempted ramptastic?’ concluding still currently avoid/sell. The shares have recently risen to previously close at 87.5p, but what about them currently falling back towards 70p on a Christmas Eve “Customer Contracts Update”?

Crimson #TIDE – red flags on Christmas Eve; “a significant customer… intends to exercise a break clause”

Crimson Tide – a “significant” contract extension or more attempted ramptastic?

‘Process management platform’ company Crimson Tide (TIDE) has issued a “Contract Renewal with Major Global Retailer” announcement and what of the shares currently up 12% in response at 70p?

Crimson Tide – performance “in line with the board’s expectations”, but how creditable is that?…

Digital ‘process management platform’ company Crimson Tide (TIDE) has issued an “AGM Statement” including that its “performance remains in line with the board’s expectations… evidence of the impact of its new strategy”. What about the share price currently more than 18% higher at 65p in response?

Crimson #TIDE – “AGM Statement”, notes cash of £1.33m which it “expect to largely maintain through the rest of this financial year”

Crimson #TIDE – Finance Director Peter Hurter to “step down” and appointment of Rachael Rowe as Finance Director

Crimson Tide – “Appointment of Chair, Nominated Adviser and Broker”. Why might that be?

Shares in “process management app” company Crimson Tide (TIDE) are currently 3% higher today at 54p on the back of an “Appointment of Chair, Nominated Adviser and Broker” announcement. Though what about the share price comparing to a start of 2025 above 100p?

Crimson #TIDE – half-year another loss on slightly lower revenue, emphasises subsequent “management change, right-sizing of team and refocus”

Crimson Tide – after rejecting “up to” 9 Checkit shares per share possible offer proposal just in June last year… now a recommended 6 Checkit shares per share offer!

It has been announced that the boards of Checkit (CKT) and Crimson Tide (TIDE) “are pleased to announce” agreement on terms of a recommended all-share deal, including that they “believe that combining the two companies will create a strong, scaled business, with the platform to accelerate delivery of their strategic objectives”. So what of shares in both currently lower in response?

Crimson Tide – as I cautioned, another ‘no intention to make an offer’ announcement

Previously writing on ‘process management’ technology company Crimson Tide (TIDE), last month with the shares up towards 270p I noted that there still looked some clear upside potential but, with that other possible offer proposal only being considered by the board and being conditional, non-binding and announced without the consent of the possible offeror, I’d at least take some off the table/avoid. There has now been a “Statement of no intention to make an offer”.

Crimson Tide – rejects increased possible offer proposal from Checkit, but there’s now also another proposal

Crimson Tide (TIDE) has announced that it has rejected an increased possible offer proposal from Checkit plc (CKT), including noting that it still did not contain a proposed cash alternative, but also a proposal from Ideagen Limited which it “is considering”.

Crimson Tide – hits back at Checkit’s “Possible Offer” announcement

Yesterday Checkit plc (CKT) announced a possible, 7 shares for each Crimson Tide plc (TIDE) share, offer “to facilitate direct discussions with shareholders… notes that the Crimson Tide board has on multiple occasions refused to engage in constructive discussions regarding the possible offer”. Crimson Tide has now responded including that it “has engaged with all serious and considered proposals and objects strongly to the suggestion that they have refused to do so”.

Crimson #TIDE – minimum £2m over 5 years contract, expects FY PBT “in line with market expectation”

Crimson Tide – argues “very encouraged by our growth”... but what does the valuation demand?

Crimson Tide (TIDE) “is pleased to provide this trading update for the year ended 31 December 2017, and to bring the market up to date on its plans for continued expansion”. Hmmm, almost two months after the year-end – and with the previous such update not having been since September-announced half-year results…

Crimson #TIDE – “investment” sees 2017 PBT “similar to 2016”, this to continue in 2018

Crimson Tide (#TIDE) says will beat FY forecasts for cal 2015 - bullish on outlook

Crimson Tide (#TIDE) announces plans for capital reconstruction

Crimson Tide (#TIDE) says FY cal 2014 PTP will be ahead of forecast