Christie Group Sells Loss-Making Vennersys to Refocus on Core Brands

Christie ( (GB:CTG) ) just unveiled an update.

Christie Group plc has agreed to sell the business and assets of its loss-making visitor attraction software subsidiary Vennersys to Digital Ticketing Systems Limited (Digitickets) for an initial £0.5 million in cash, with up to a further £0.9 million payable within 18 months subject to performance conditions, with completion expected by 31 January 2026. The disposal, following the sale of Orridge and the earlier exit from retail and pharmacy operations, forms a key step in Christie Group’s strategic refocus on its core, more profitable brands, aiming to improve earnings quality, strengthen the balance sheet and free management time and capital to develop and expand a more coherent portfolio of related services and international growth opportunities.

The most recent analyst rating on (GB:CTG) stock is a Hold with a £101.00 price target. To see the full list of analyst forecasts on Christie stock, see the GB:CTG Stock Forecast page.

Spark’s Take on GB:CTG Stock

According to Spark, TipRanks’ AI Analyst, GB:CTG is a Neutral.

Christie Group’s overall stock score is driven by a mix of financial recovery and positive corporate events, offset by bearish technical indicators. The company’s financial performance shows improvement, but revenue volatility and high leverage remain concerns. Corporate events highlight strong market conditions and improved financial performance, contributing positively to the score. However, the technical analysis suggests bearish momentum, impacting the overall score.

To see Spark’s full report on GB:CTG stock, click here.

More about Christie

Christie Group plc, listed on AIM, is a professional business services group operating across the UK and Europe with 33 offices. The company serves specialist markets in the hospitality, leisure, healthcare, medical, childcare and education, and retail sectors through two divisions: Professional & Financial Services, which trades under the Christie & Co, Pinders, Christie Finance and Christie Insurance brands, and Stock & Inventory Systems & Services, which trades under the Venners brand. Its long-established operations span agency, valuation, investment, consultancy, project management, multi-functional trading systems, online ticketing services, stock audit and inventory management, providing a diversified earnings base.

Average Trading Volume: 5,704

Technical Sentiment Signal: Sell

Current Market Cap: £25.47M

For an in-depth examination of CTG stock, go to TipRanks’ Overview page.