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LON:CER

Cerillion PLC

BUY 2026-08-11 Data 32 days old 930.00p Technology - Software - ApplicationAWAIT ENTRY
ACTIONABLEMethodology gates passed
65

Position levels

Currenttoday
930.00p
Buy <=wait / entry
860.00p
Trim >=take some off
1180.00p
Thesis breakA material H1 2026 revenue or EBITDA miss versus management guidance, or the dis...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case33%100 / 10033.0
Base case48%62 / 10029.8
Bear case19%10 / 1001.9
Weighted conviction65 / 100 - BUY

Top risks

  • Record GBP 42.5m Omantel contract driving new orders to GBP 39.6m and back-order book to GBP 82.1m (up 64%)
  • $11.4m 5-year Armenia contract and GBP 25m+ European customer upsell secured in FY2025
  • H1 2026 revenue down 14% to GBP 18.0m and adjusted PBT down 41% due to licence timing, with majority expected in H2
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.