The months go past alarmingly quickly and here I am writing the spring/summer update. Spring has been demonstrably late this year but my drive home to Hampshire each evening now reveals an increasingly green and pleasant land.
I talked of the stock market in the last business update when we were at the stratospheric height of 5,150 points but as at today we’re in space at 5,616 points (another 9% up) which is down from a high point 5,825. Worries about Greek debt are unsettling the markets but there seem to be some really strong corporate earnings being reported from some of our most respected businesses. Let’s hope that good business fundamentals underpin the stellar market performance and that we’re not about to head back south of 5,000 points consequent of European debt problems. We also have an election next week and politicians are stumbling over their words in dramatic fashion. Who knows what next!
The biggest news for our business in the past four months has been the decision to expand the skills and capital base of the business by adding Al Chetwode to the team as Commercial Director. Al has an IT investment fund, Continuum Systems Ltd, which invests in small technology businesses which are already demonstrably successful but have significant potential to grow further when skills and capital are added to the business. Continuum Systems now owns shares in CML Software and Al joins the Board on a full time basis. Al brings a skill set and level of experience which CML did not previously have and we’re absolutely confident that as a consequence of this transaction CML Software enters another phase of business growth and success.
We’re delighted to have added a client to the portfolio this year with Sutton Harbour Holdings Group PLC (SHH). SHH is a significant property owner in Plymouth with Sutton Harbour Marina in the Barbican area being the centrepiece of the Estate which radiates around the marina. The Company also owns and operates Plymouth City airport as well as South West Air. Elsewhere in this edition you’ll see a description of the system project which I believe illustrates the broad applicability of CML’s software systems.
We attended the ARLA conference in March which was well attended this year. We exhibited our new front office Residential Agency product “Radar” at the conference and were delighted to receive very positive feedback from existing clients and new contacts alike. An update on Radar appears elsewhere in this issue.
Finally I should say that we’re very busy talking to a number of potential new clients at present and I hope to be able to report further additions to the client base when I come to write the next newsletter. By the time that you read this newsletter we’ll have a new Government, but of what persuasion?
Best regards
Robert Horsford
roberthorsford@cmlsoftware.com
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