Software and comp services - AIM - Mcap: £25m - Price: 23p - Flash


Checkit (CKT) 


No intention to bid for Crimson Tide
On 26 June, Checkit announced that it did not intend to make a formal bid for Crimson Tide. Since Checkit’s original and revised all-equity proposals, another bidder, Ideagen, has expressed an intention to make an all-cash bid at a significantly higher price. Checkit will now refocus on organic growth and working towards profitability. Separately, an input VAT dispute with HMRC has concluded in Checkit’s favour, removing the related contingent liability.

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Analyst

Katherine Thompson
Technology analyst
tech@edisongroup.com