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Catenae Innovation – some more operational & financial progress, still a buy

By HotStockRockets | Friday 6 July 2018

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Catenae Innovation (CTEA) has announced a further two proof of concept agreements and some balance sheet progress…

The new proof-of-concepts are with a provider of building management and inspection services - integrating a licenced version of the Digital Asset and tracking system developed by Catenae's joint venture Trust in Media with the client's software application, and with a service provider in the image licensing sector - trialling the embedding of Digital Asset Registration and Transactional Tracking technology. It is noted a “first example of the product being utilised outside of the traditional digital media world”.

It is conversion of such agreements to licences which is of course key – though Catenae CEO Tony Sanders looking forward to this “in the near future” – and adding “we will continue to look to extend the product's reach, introducing licencing models and white-label versions as the product matures” and utilisation of the private block chain platform, tested by the National Physical Laboratory in conjunction with Toronto Stock Exchange in October 2017 – “whilst way in excess of most requirement, we believe this capability will allow our solutions to penetrate markets so far excluded from the blockchain program”.

This all further encourages – we concluding previously exciting potential both on the profit potential from the restructured businesses here and more speculatively (e.g. the shares have previously touched 0.7p+ on a blockchain spike). We have confidence in Sanders and, although there are funding issues we expect them to be resolved soon.

Some further progress has now also been made on the latter - £50,000 raised at 0.12p and £83,000 of creditor balances also settled in shares. There likely remains some more to do on this score too, but at up to 0.15p we are certainly happy currently to remain at buy.

This article first appeared on HotStockRockets - to catch the next red hot share tip from the HotStockRockets team for just £5 click HERE. Members of the HotStockRockets team are also behind the longer-term focused Nifty Fifty website - where a new tip goes live THIS AFTERNOON AT 2PM HERE

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