Aankondiging • May 15
Vossloh AG (XTRA:VOS) reached an agreement to acquire Cordel Group Plc (AIM:CRDL) for £26.9 million. Vossloh AG (XTRA:VOS) reached an agreement to acquire Cordel Group Plc (AIM:CRDL) for £26.9 million on May 13, 2026. A cash consideration valued at £0.124 per share will be paid by Vossloh AG. As part of consideration, £26.9 million is paid towards common equity of Cordel Group Plc. The cash consideration payable by Vossloh under the terms of the acquisition will be funded from existing cash resources.
The transaction is subject to subject to court approval, approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders and third party approval needed. The Cordel directors intend unanimously to recommend that Cordel shareholders vote in favour of the scheme at the court meeting and the resolutions to be proposed at the general Meeting. The expected completion of the transaction is July 1, 2026 to September 30, 2026.
James Dance and Richard Johnson of Strand Hanson Limited acted as financial advisor for Cordel Group Plc. Sam Cann and Lara Ashmore of Peel Hunt LLP acted as financial advisor for Vossloh AG. Freshfields LLP acted as legal advisor for Vossloh AG. Bird & Bird LLP acted as legal advisor for Cordel Group Plc. Lazard & Co. GmbH acted as financial advisor to Vossloh AG. Aankondiging • May 14
Cordel Intends to Apply to the London Stock Exchange for the Cancellation of Trading of the Shares on AIM Cordel Group PLC and Vossloh AG have reached agreement on the terms of a recommended cash acquisition by which the entire issued and to be issued share capital of Cordel Group PLC will be acquired by Vossloh AG via its wholly-owned subsidiary Vossloh Digital Solutions GmbH. It is intended that the Acquisition will be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act. Cordel Shares are currently admitted to trading on AIM. It is intended that an application will be made to the London Stock Exchange for the cancellation of trading of the Cordel Shares on AIM, to take effect shortly after the Effective Date. The last day for dealings in, and registration of transfers of, Cordel Shares on AIM of the London Stock Exchange is expected to be the Business Day immediately prior to the Effective Date and no transfers shall be registered after 6.00 p.m. (London time) on that date. On the Effective Date, share certificates in respect of Cordel Shares will cease to be valid and entitlements to Cordel Shares held within the CREST system will be cancelled. Cordel Shareholders shall be required to return share certificates to Cordel or destroy them following the Effective Date. It is also intended that, following the Scheme becoming effective, Cordel will be re-registered as a private company under the relevant provisions of the Companies Act. Aankondiging • Mar 23
Cordel Group PLC Announces Cordel Connect V3 Release Cordel Group PLC announced the major V3 upgrade of its flagship Cordel Connect platform. The V3 release marks a significant evolution of Cordel's multi-modal AI engine. By simultaneously processing video and 3D point cloud data, the platform now automatically detects, classifies, and measures a wider range of trackside assets. This expansion beyond Positive Train Control (PTC) significantly increases Cordel's total addressable market within the global rail sector. To support Cordel's autonomous sensors, which now capture 350,000 km of data annually, V3 introduces Starlink satellite backhaul. This allows for the daily transfer of up to 100 GB of inspection data from remote corridors, bypassing the limitations of local mobile networks and ensuring rapid capture-to-insight turnaround times globally. V3 Key Enhancements: Network-Wide Discovery: Instant data access aligned to specific client network models. Data Management: Advanced AI tools paired with robust human in the loop assurance. On-platform visualisation and reporting: Eliminating the need to move data to separate tools. GIS integration: Results published automatically to customers' Geographical Information Systems. New Risk • Feb 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (UK£9.87m market cap, or US$13.3m). Reported Earnings • Jan 29
First half 2026 earnings released: UK£0.005 loss per share (vs UK£0.001 loss in 1H 2025) First half 2026 results: UK£0.005 loss per share (further deteriorated from UK£0.001 loss in 1H 2025). Revenue: UK£1.72m (down 24% from 1H 2025). Net loss: UK£1.00m (loss widened 296% from 1H 2025). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Aankondiging • Jan 06
Cordel Group plc Appoints Jeffrey Mark Songer as Non-Executive Director, Effective January 6, 2026 Cordel Group PLC announced the appointment of Mr. Jeffrey Mark Songer to the Board as a Non-executive Director, with immediate effect on January 6, 2026. Mr. Songer, Aged 56, is an established senior USA rail industry executive with over 30 years of experience in operations, engineering and finance. Most recently, he led the merger and integration activities for the Kansas City Southern Railway, acquired by the Canadian Pacific Railway for $31 billion in April 2023. Current Directorships: Songer Rail Consulting, LLC and The Greenbrier Companies Inc. Past Directorships within last 5 years: Panama Canal Railway, Make-A-Wish Charitable Foundation Missouri and Kansas, Transportation Technology Center Inc., Kansas City Southern Railway Co, Gateway Eastern Railway Co, PABTEX INC and Panarail Tourism Company. Reported Earnings • Nov 05
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: UK£0.002 loss per share (improved from UK£0.007 loss in FY 2024). Revenue: UK£4.79m (up 7.9% from FY 2024). Net loss: UK£402.0k (loss narrowed 69% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Nov 05
Cordel Group Plc, Annual General Meeting, Dec 03, 2025 Cordel Group Plc, Annual General Meeting, Dec 03, 2025. Location: the offices of cordel group plc, salisbury house, london wall, ec2m 5sq, United Kingdom Aankondiging • Oct 22
Cordel Group plc Announces Board and Committee Changes Cordel Group PLC announced that Non-executive Director Nicholas McInnes is stepping down from the main board with immediate effect (20 October 2025), but will continue as Chairman of the Cordel Advisory Board. Mr. McInnes joined the board on 13 March 2020, bringing his deep experience asa senior United Kingdom diplomat, focusing on international trade and investment in such key positions as the British Consul General, Sydney and Director General Trade & Investment for Australia and New Zealand; and Director Trade & Investment USA and Deputy Consul General New York. As Chairman of the Cordel Advisory Board, Mr. McInnes has built a team of engaged and experienced rail leaders, who have been an integral part of the Company's success, particularly in the USA market. Mr. McInnes's role as Chair of the Remuneration and Nominations Committee will transfer to Jonathan MacLeod, independent Non-executive director. Thouraya Walker, independent Non-executive director, becomes chair of the Audit Committee. New Risk • Aug 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Currently unprofitable and not forecast to become profitable next year (UK£248k net loss next year). Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (UK£14.1m market cap, or US$19.0m). Buy Or Sell Opportunity • Jun 20
Now 22% overvalued Over the last 90 days, the stock has fallen 3.4% to UK£0.071. The fair value is estimated to be UK£0.059, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 25%. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (UK£15.5m market cap, or US$21.0m). Aankondiging • Jun 09
Cordel Group Plc Provides Revenue Guidance for the Year Ending 30 June 2025 Cordel Group Plc provided revenue guidance for the year ending 30 June 2025. The company expects to report revenue for fiscal year 2025 in the range of £4.7 to £5 million, representing growth of up to 12% over the previous corresponding period (fiscal year 2024: £4.4 million). Aankondiging • May 07
Cordel Group PLC Appoints Kayden Howard to Its International Advisory Board Cordel Group PLC announced the appointment of Ms. Kayden Howard as a member of the Company's international Advisory Board. Kayden brings considerable experience and knowledge of the US railroad industry. She is currently Senior Vice President of Health, Safety and Environmental Programs at OmniTRAX. She previously worked 18 years for the Class I railroad, Kansas City Southern, including 6 years as Vice President - Health, Safety and Environment between 2019 - 2023. Her appointment is particularly timely given Cordel's current focus on opportunities in the US market and the upcoming launch of their Positive Train Control (PTC) product. Buy Or Sell Opportunity • Apr 07
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to UK£0.058. The fair value is estimated to be UK£0.076, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 25%. Reported Earnings • Jan 23
First half 2025 earnings released: UK£0.001 loss per share (vs UK£0.004 loss in 1H 2024) First half 2025 results: UK£0.001 loss per share (improved from UK£0.004 loss in 1H 2024). Revenue: UK£2.28m (up 16% from 1H 2024). Net loss: UK£253.3k (loss narrowed 65% from 1H 2024). Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jan 21
Consensus EPS estimates upgraded to UK£0.002 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -UK£0.003 to -UK£0.002 per share. Revenue forecast unchanged from UK£6.20m at last update. Software industry in the United Kingdom expected to see average net income growth of 10% next year. Consensus price target of UK£0.11 unchanged from last update. Share price was steady at UK£0.079 over the past week. Major Estimate Revision • Nov 06
Consensus EPS estimates fall by 50% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -UK£0.002 to -UK£0.003 per share. Revenue forecast of UK£6.60m unchanged since last update. Software industry in the United Kingdom expected to see average net income growth of 11% next year. Consensus price target of UK£0.11 unchanged from last update. Share price rose 3.8% to UK£0.069 over the past week. Aankondiging • Nov 06
Cordel Group Plc, Annual General Meeting, Dec 03, 2024 Cordel Group Plc, Annual General Meeting, Dec 03, 2024. Location: the offices of cordel group plc, salisbury house, london wall, ec2m 5sq, United Kingdom New Risk • Oct 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Currently unprofitable and not forecast to become profitable next year (UK£897k net loss next year). Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Market cap is less than US$100m (UK£12.6m market cap, or US$16.5m). New Risk • Aug 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (UK£8.68m market cap, or US$11.1m). Aankondiging • Jul 23
Cordel Group Plc Provides Revenue Guidance for the Year Ended 30 June 2024 Cordel Group Plc provided revenue guidance for the year ended 30 June 2024. The company expects to report revenue for the year ended 30 June 2024 (fiscal year 2024) of over £4.4 million, subject to audit confirmation, representing growth of c.45% over the previous corresponding period (fiscal year 2023: £3.0 million). New Risk • Mar 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (UK£6.98m market cap, or US$8.82m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Buy Or Sell Opportunity • Mar 27
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to UK£0.032. The fair value is estimated to be UK£0.043, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 33%. Reported Earnings • Jan 24
First half 2024 earnings released: UK£0.004 loss per share (vs UK£0.005 loss in 1H 2023) First half 2024 results: UK£0.004 loss per share (improved from UK£0.005 loss in 1H 2023). Revenue: UK£1.96m (up 108% from 1H 2023). Net loss: UK£715.1k (loss narrowed 16% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 30
Full year 2023 earnings released: UK£0.003 loss per share (vs UK£0.007 loss in FY 2022) Full year 2023 results: UK£0.003 loss per share (improved from UK£0.007 loss in FY 2022). Revenue: UK£3.46m (up 52% from FY 2022). Net loss: UK£598.2k (loss narrowed 50% from FY 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Aankondiging • Oct 30
Cordel Group Plc, Annual General Meeting, Nov 30, 2023 Cordel Group Plc, Annual General Meeting, Nov 30, 2023, at 09:00 Coordinated Universal Time. Location: Salisbury House, London Wall, EC2M 5SQl London United Kingdom New Risk • Oct 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.98m (US$9.77m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (UK£7.98m market cap, or US$9.77m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (UK£2.6m revenue, or US$3.2m). Aankondiging • Aug 08
Cordel Group Plc Provides Unaudited Revenue Guidance for the Year Ending 30 June 2023 Cordel Group Plc provided unaudited revenue guidance for the year ending 30 June 2023. For the year, the company expects revenue to be c.£3.0 million, subject to audit confirmation, representing growth of 32% over the previous corresponding period (2022: £2.27 million). New Risk • Aug 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-UK£629k free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Revenue is less than US$5m (UK£2.6m revenue, or US$3.3m). Market cap is less than US$100m (UK£11.3m market cap, or US$14.3m). Aankondiging • Jun 13
Cordel Group PLC Announces Cordel Technology Certified by Network Rail Cordel Group PLC announced that Network Rail has granted official approval to the Cordel Wave 32 Mobile Laser Scanning system. Cordel has achieved certification under the Network Rail "Topographic, engineering, land and measured building surveying" standard (ref NR/L2/TRK/3100 Issue No.5). The Cordel Wave 32 Mobile LaserScanner has been assessed as compliant to Band 3A, delivering accurate Survey and LiDAR Techniques from vehicle mounted installations. Cordel has achieved absolute geospatial accuracy of points to +-50mm Horizontal, +- 30mm Vertical; with even tighter relative accuracy between points. Railways can use the raw outputs of survey grade data, in addition to Cordel's key value add of an AI-driven solution set of insights. Reported Earnings • Feb 01
First half 2023 earnings released: UK£0.005 loss per share (vs UK£0.008 loss in 1H 2022) First half 2023 results: UK£0.005 loss per share (improved from UK£0.008 loss in 1H 2022). Revenue: UK£945.0k (up 50% from 1H 2022). Net loss: UK£855.4k (loss narrowed 37% from 1H 2022). Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Nick McInnes was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 17
Full year 2022 earnings released: UK£0.007 loss per share (vs UK£0.006 loss in FY 2021) Full year 2022 results: UK£0.007 loss per share (further deteriorated from UK£0.006 loss in FY 2021). Revenue: UK£2.87m (up 70% from FY 2021). Net loss: UK£1.20m (loss widened 18% from FY 2021). Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Nick McInnes was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 04
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: UK£0.008 loss per share (down from UK£0.005 loss in 1H 2021). Revenue: UK£628.8k (down 14% from 1H 2021). Net loss: UK£1.35m (loss widened 84% from 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 235%, compared to a 30% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 13
Full year 2021 earnings released: UK£0.006 loss per share (vs UK£0.007 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: UK£1.69m (up 94% from FY 2020). Net loss: UK£1.02m (loss widened 5.3% from FY 2020). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 13
First half 2021 earnings released: UK£0.005 loss per share (vs UK£0.005 loss in 1H 2020) The company reported a solid first half result with improved revenues and control over costs, although losses increased. First half 2021 results: Revenue: UK£728.4k (up 129% from 1H 2020). Net loss: UK£734.2k (loss widened 2.7% from 1H 2020). Reported Earnings • Oct 29
Full year earnings released - UK£0.0078 loss per share Over the last 12 months the company has reported total losses of UK£969.9k, with losses narrowing by 58% from the prior year. Total revenue was UK£872.3k over the last 12 months, down 3.6% from the prior year. Reported Earnings • Oct 26
Full year earnings released - UK£0.0078 loss per share Over the last 12 months the company has reported total losses of UK£969.9k, with losses narrowing by 64% from the prior year. Total revenue was UK£1.32m over the last 12 months, up 45% from the prior year.