|if I had known you were going to do that Id have made a bigger top up first thing up this am!!!|
|I have also liaised with Steve Frazer and Daniel Coatsworth from Shares Magazine requesting coverage of ARC - let's see if that comes about !|
|Was looking for that mulitbagger - thanks for posting!
And its finally moving after a few trades - doesn't take much.|
Three upsell agreements
Market Cap: £4.6m
Target Price: 60.0p
020 7220 0552
Arcontech has announced three upsell agreements, together worth £115k/pa. These new agreements match the business’s current revenue profile – being recurring ‘term licences’, which provide excellent levels of revenue visibility and as such, should contribute for seven months in the current financial year (£67k) and fully thereafter and together with the £95k/pa contact extension (announced 23/09/16) demonstrate that momentum is clearly positive. As a consequence of these contract wins and the visibility they provide, we believe that Arcontech is already well positioned to meet our full-year expectations and look forward to interims as an opportunity to review our full-year forecasts more closely.|
|I hope/expect you are right - but we will have to wait to feb to find out..|
|Hidden gem in plain sight but sometimes market takes time to wake up and gives me time to load up - Anthony Cross of Lion Trust fame is no fool to take 13% of the Company in his personal capacity, I would imagine.
What is so striking that the RNSs over the last 4 months are greater than the profit after tax for 2016 which was £402k....
and at the AGM we were told that "we have not scratched the surface"....
I would expect dividends to be announced in 2017 (my guess nothing more)|
|ahhhh - but you need the wider world to appreciate that point
I agree with you - perhaps when they actually declare a dividend that will bring it to wider attention|
About £1.6m in cash (when last announced and likely to have grown)
Market cap of about £5m
Profitable and growing revenues
Decks cleared legally for dividend payment - could be progressive
Recurrent sticky customers - Bank of England, Bank of International Settlements, Citi, JP Morgan, Deutsche Bank etc - take a look at ARC homepage
Hardly any attrition of customers
Significant management stake in business
Employee turnover low and several have a stake in the business
Excellent, conservative and stable management team with high integrity
....that's why I fully agree with Taffy100 that this an investment no brainer :)|
|Multibagger? I agree. I believe New contract wins largely go to the bottom line and are recurring.
No debt, cash at the bank and growing profitabilty. A no brainer for me.|
|Given that our expenses are already more than covered for by existing revenue, I would surmise that these additional revenues are pure profit.
So since Aug 2016...annual, recurrent revenue highlighting RNS include
18.08.2016 = £285k
23.09.2016 = £ 95k
02.12.2016 = £115k
Total additional revenue pa = £495k
The market will very soon realise how undervalued we are....wake up folks :)
Edit: Profit after tax for 2016 was £402k|
|Patience will be rewarded. Well managed and steadily growing profitability,|
|I am really happy with the surefooted and steady progress we are making and long may it continue :)
Well done to Matthew, Darren and the Arcontech team !
RNS Number : 7447Q
Arcontech Group PLC
02 December 2016
Additional Client Agreements
Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to announce additional agreements with existing clients to the value of approximately £115,000 pa in new annual recurring revenue as a result of new software licenses provided to those clients. The Agreements are effective from 1st December 2016. The three clients are based in the U.K., Germany and Scandinavia and the licenses are for the Arcontech Symbol mapper, Cache with Calculations Engine and Excelerator products.|
|Indeed - the downside is that Directors (or anyone else) isn't supposed to buy on inside knowledge / closed period - so it'll have to be assumed no RNS of new contracts ready for release in near future ....|
|Arcontech plc, a leading provider of real-time market data management solutions, announces that the Company was notified yesterday that on that same day, Matthew Jeffs, CEO of the Company, purchased 46,000 ordinary shares of £0.125 ("Ordinary Shares") at a price of 35 pence per share (the "Transaction"). As a result of the Transaction, Mr Jeffs has an interest in 430,000 Ordinary Shares representing 3.48% of the Company's issued share capital.|
|FFS very disappointed here !|
|most consolidations I have had the unfortunate experience to encounter result in declining share prices. Need something radical to get this back to where it ought to be.|
|No point in a consolidation unless theres is super news to accompany.|
|Good to know that this may indicate bigger positive ramifications for ARC than I initially anticipated. It is also about breaking the stranglehold of the big 2 in this sector and conflicted customers will jump as the price differential for ARC products is so much more attractive and interoperability is less/not an issue anymore.
There is always a risk in the sense that equally ARC customers could jump ship, but with the big boys charging an arm and a leg with an appalling "take it or leave it" attitude to customers...this could be very good for us. Also reassuring that only 2-3 customers have left us over the last 10 years or so and very low staff turnover as well. I think we will be taken out in the next 2-3 years, if not earlier at a solid premium...next set of full results with a near doubling of profits should get us noticed or payment of a decent dividend :)
Good luck all !|
|Also, my belief is working with industry groups/standards is a low-cost and highly effective form of marketing. It also shows willing by the company to share, to be flexible working with competitors. This particular technology might well be a requirement for future sales or even as making ARC suitable for acquisition.|
|Thanks Cbootle for your expert view - much appreciated !|
|This is very interesting news, with a familiar name popping up:
Yep, that's Andrew Miller, previous CEO of Arcontech.
The major platforms were originally entirely proprietary, naturally enough. Arcontech wrote handlers for these systems, allowing market and news data to be moved into its own system and contributed out again, hence the "multi-vendor contribution system". It's also proprietary.
Open MAMA is non-proprietary, and so enables those who implement it to talk to each other. That means a financial institutions can mix and match from a number of vendors, and switch if needed - removing the threat of being "locked in". As Arcontech has a wealth of technologies, this really opens the door to them. It's one of those win-win situations.
Of course, it does also mean that a financial institution could switch out Arcontech and replace with one of the competitors. That's the nature of competition, but Arcontech have a long-established reputation and breadth of solutions they can provide; they will quickly be seen as a major player for MAMA.
Note Arcontech joins the Steering Committee along with one of its clients, J P Morgan (hxxp://www.arcontech.com/client-engagements)
And here's Andrew Miller again, representing Tick42, also on MAMA:
but now's he's promoting Open MAMA though his own company, NetEffect.
It's a small world, all linked up!
As for the share price, a dip means time to me to top-up!|
|My layman's take on today's RNS - Always good to be recognised as an expert and be invited to contribute to the development of standards and interoperability across a major platform. Any thoughts cbootle on the importance or otherwise of Open MAMA and its future role in this market segment ?
We have moved down in share price since consolidation but this is on tiny trades. People forgetting that almost all future contracts and recent contract wins will are very likely to go straight to the bottom line, as no increase in headcount as far as I aware. I am expecting an almost doubling of profits for the coming year, which makes ARC attractively placed...and the possibility of a progressive dividend policy :)|
|21 October 2016
ARCONTECH GROUP PLC
("Arcontech", the "Company" or the "Group")
Open-MAMA Steering Committee Membership
Arcontech plc, a leading provider of real-time market data management solutions, is pleased to announce it has been elected as a member of the Steering Committee for Open-MAMA, an open source project hosted by the Linux Foundation. Current Steering Committee members consist of J.P. Morgan, Vela Trading Technologies, Solace Corporation and Tick42 and in joining them Arcontech will provide additional expertise towards the provision of Open-MAMA's open and agnostic solutions. Open-MAMA is used widely across the financial community where it enables high performance connectivity for data and messaging between organisations and systems.
Matthew Jeffs, CEO of Arcontech said:
"We are very happy to join and contribute to the Open-MAMA project where we can leverage our experience in providing flexibility and choice within the financial marketplace. Of late we have seen significant interest and uptake of Open-MAMA by large financial institutions, and having built and integrated some rather involved software with the Open-MAMA code for our clients, feel we are well placed to contribute".
For more on Arcontech see: www.arcontech.com
For more on Open-MAMA see: www.openmama.org|
|Please o0rrect me if I am wrong - it seems Suresh Chari has added just over another 1% of this company to his holding since September...?|