|Blan Tech Grp
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Blan Tech Grp Share Discussion Threads
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|Indeed. And one would hope that BLTG might earn ahead of expectations given the global potential.
Stockdale Securities also had this to say last week whilst I was on hols:
"Blancco Technology Group 296p; Mkt cap: £172m
Blancco Technology is a software company focused on mobile device diagnostics and secure data erasure solutions.
The company hosted a Capital Markets Day on 9 February, which was well attended by both the buy and sell side. Positive highlights included:
(i) Blancco’s data erasure solutions, which accounted for 97% of FY 16 revenue (30 June YE), which we believe will continue to see strong demand driven by increased regulation and an increased awareness amongst corporates about end of life data permanent data erasure.
(ii) The high barriers of entry both with regards to the core IP of Blancco’s data erasure solutions, which have been developed over the course of over a decade, combined with 18 governmental agency standards that Blancco’s has managed to get certified for, including the United States Department of Defense, which is the platinum standard of data erasure.
(iii) The foray into indirect sales, which was launched in July 2016 to complement its existing sales channel, could be a game-changer for Blancco in the next 3-5 years. Tie-ups with large IT services’ businesses liked HP Enterprise and Wipro, along with Blancco coming pre-installed on devices by OEM’s like HP, Dell, EMC and Western Digital, could possibly dwarf revenue from the direct sales
Blancco’s IP rich data erasure software, with high barriers to entry, a large addressable market which will continue to grow due to regulation and increased number of devices, have led its share price to increase by almost 25% since the start of the year."|
|Thanks Riv,very interesting.So based on their estimates of revenues and profit margins, a rough estimate suggests BLTG are trading at around 14-15x estimated 2020 earnings.A multiple of 25x looks more reasonable which leaves a lot of room for the share price to grow to a target price of perhaps 516p.
Edit: In above I have taken their 25% margin to mean net profit margin which of course may not be true.The company is forecast to achieve 15% on that measure for the next two years.which would yield a different and much lower price target if maintained till 2020.|
|Interesting article including this section on how BLTG is an early stage growth company:
"Blancco is, by some margin, the market leader in data erasure services. It is 7x the size of its nearest competitor according to Equity Development and has been around and growing nicely for some years. However, there are long-awaited regulatory changes now just around the corner that should be a boon for the sector.
The new EU data protection law is coming into effect in May 2018. Aside from the regulatory tailwind, the data erasure market is a growing and Blancco has grown revenues 50% pa over the last two years.
To get comfortable with whether or not the shares offer an attractive opportunity, you need to build an impression of how big the market could get, and over what timescale. You will need to gauge competitive threats and barriers to entry to ascertain how wide Blancco’s moat is. Finally, this should allow you to build a picture of Blancco’s future earnings and therefore value.
Based on the latest Trading Update and broker forecasts, 2016 revenues look like they will come in around £23m, 50% up on 2015. Brokers brave enough to forecast to 2020 are estimating growth to take revenues to over £50m which considering current organic growth and regulatory tailwinds doesn’t seem too far-fetched. Applying a 25% margin to this, and a reasonable multiple can easily get you to an attractive premium over the current market cap.
These assumptions may well prove hopelessly wrong, to the good or bad, so that’s why you then need to build in a safety buffer. Whatever your view of the company, it, and the industry it leads, faces a fascinating 24 months."|
|hi tour..you could be right judging by the email I got from Pat Clawson. The relevant bit says
"I needed to liquidate a small portion of my equity appreciation for very personal reasons, but I thought it was equally important to purchase some shares as well as a sign of commitment."
Note that he says 'equity appreciation' which supports what you say.They must be using some formula to decide how that equity appreciation translates in to number of shares.
By the way I did not write to him directly and was somewhat surprised to get a response from him...... on a Sunday!|
|Wow...just finished listening to the presentation...very impressive indeed! What caught my ear was the statement that Dell (and one other Company whose name I missed) are proposing to embed Blancco erasure software in their every device ! That could be massive.Expect to see a Blancco button on every Dell laptop! :o)
Very impressed with Patrick Clawson, as I was with the rest of the team.
More the puzzle then that Clawson decided to sell quite a fair chunk of his share holding as per Fridays announcement.He must have some serious finanacial issues to deal with !|
|Thanks for the link to the presentation. Sounds very bullish to me. Size of the market we operate in is huge. Sp has a long way to go IMHO.|
|Thanks tournesol...guess I was looking at the wrong title.I understood it was an investors teach-in seminar rather than a capital markets event which to me has a different meaning.Anyway,if that is what they were presenting last week then all well and good.I will read the link with interest.|
|The new presentation is on the website at
This is a video stream of half a dozen speakers explaining Blancco to an audience of analysts/investment people. Unfortunately the slides that were used have not been included so you just get to see bits of them behind the talking heads.
However I cannot overstate how strong this presentation is. It's v v v impressive.|
|I guess no one has! The only item I can find on their web site is the teach-in presentation dated 2015! This is despite reassurance from the company that last presentation has now been uploaded to the website.|
|Still no sign of the teach in presentation...anyone found it yet?|
|£1.5m of shares traded today - I think it's safe to say that the teach-in must have been pretty impressive :o))
Miked500, who wrote that tweet - it wasn't BLTG themselves presumably?!|
|In the internet of things universe,we now have interactive talking dolls ! But there are concerns about breach of privacy and security.I am sure BLTG have a role to play somewhere there!
|Gonna pop IMO. 100k buy at full price and l2 weakening|
|Looking forward to reading that.No sign of it on the website so far though, as far as I can see.
Anyway, whatever they are saying there it seems to be having a positive effect on the sp!|
|Good to see BLTG spreading the word....hopefully this will attract more interest over the coming weeks:
Blancco Technology Group Plc (AIM: BLTG, "Blancco"), a leading global provider of mobile device diagnostics and secure data erasure solutions, is today hosting an investor teach-in for analysts and investors in London.
No new material information or update on trading will be provided.
A copy of the presentation will be available to download from the Blancco Website at www.blancco.com/investors/investor-center later today."|
|New report from BLTG's CTO Richard Stiennon on the limitations of data encryption and the likelihood of data breaches:
The problem with disposal of data on disk is not new. In many ways this report by Blancco just reiterates what has been a problem for decades. The only real way to ensure complete disk destruction is to chop it up with an angle grinder. For the absolutely paranoid the pieces of platter can be put into an acid bath to complete erase them. Given current Health and Safety rules in the workplace this isn’t going to happen anytime soon or ever.
The key message here from Stiennon is that enterprises must have effective disk disposal and destruction processes. There is nothing to prevent the use of ITAD vendors but only if they meet strict standards. Even then there is a need to verify and prove that they are adhering to those standards.
There is a bigger issue here. Stiennon is talking about the corporate market but the rise of Bring Your Own Device (BYOD) opens up a wider threat. End users upgrade their hard disks and then throw the old ones away. Even if they hand them to their local computer recycling plant there is no evidence they will be properly wiped. With many of those disks containing corporate data, breaches are happening that are outside of the IT departments control. This cuts no ice with the regulator.
Stiennon and the report avoided saying it but it’s time for companies to offer a disk recycling service to their own staff."|
|I should add that having originally bought in at 220p I've been buying more this morning. I have adopted a standard maximum size for all my holdings of 2.5% of my portfolio. But in Blancco's case I've over-ridden this and gone up to 5%. It's a long way from the days when I had 60% in a single stock (remember Dana?) but it's still a vote of confidence on my part.|
|I asked the CFO why Blancco had not got a kiosk at the Forum. As I remember it he said they had not been able to do so because of time and resource constraints.
If I'm interpeting that correctly it's a good thing. The staff are too busy with clients and prospects to tout themselves around small investors.
|I too went to the Forum yesterday but could not attend the morning session and so missed the Blancco presentation.
Most of the companies presenting and some others had kiosks in the hall where one could pick up company reports etc but Blancco seemed not to. If the object in taking part was to attract notice from potential investors, then it would have been sensible to make such papers available.
I have some shares bought at about 200p.|
|You are right tournesol. I thought he did an excellent job and is a very engaging speaker. Also highlighted how much the business has changed for the better.|
|I guess it begs the question why a 'technical man' didn't help in the Presentation. Hardly rocket science is it. I take it the Presentation was far from impressive ?|