Market's view on Cerillion
Published on April 2024
- Stock watchers have expressed concerns over the performance of KTZ communications during a presentation for Cerillion, highlighting a subpar set-up that hindered what could have been an effective presentation.
- Observations were made regarding Cerillion’s omission of their operation in Australia from their annual presentation and website, which had been mentioned the previous year.
- There is speculation about potential new, possibly larger contracts from the USA, Belgium, and Singapore following Cerillion’s increased sales presence in these countries.
- Positive financial results were noted with revenue up, and an appreciation for the company’s business practices was evident, with an increase in gross profit from turnover.
- Cerillion’s significant new contract win of Euros 12.4m was highlighted, dispelling concerns of a slowdown.
- A trading update revealed sustained positive performance for Cerillion, with the second half of the year maintaining the strong revenue and profit growth seen in the first half, and a healthy increase in net cash.
- There was an indication of robust future performance for Cerillion, with expectations of strong revenue growth and higher profits for the upcoming year.
- General sentiment around Cerillion’s stock remains positive, with recommendations to buy based on continued solid performance and strong financial health.