Share Name Share Symbol Market Type Share ISIN Share Description
Blan Tech Grp LSE:BLTG London Ordinary Share GB00B06GNN57 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +2.58% 79.50p 78.00p 81.00p 79.50p 77.50p 77.50p 81,242 16:04:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 27.7 -1.7 -8.6 - 50.87

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Date Time Title Posts
22/11/201718:02Blancco Technology Group (formerly Regenersis)540

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Blan Tech Grp (BLTG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-11-22 16:17:5180.70500403.50O
2017-11-22 16:13:2579.2525,00019,812.50O
2017-11-22 15:57:3780.5512,4149,999.49O
2017-11-22 15:51:2880.406,0004,823.99O
2017-11-22 15:42:2580.4012499.70O
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Blan Tech Grp (BLTG) Top Chat Posts

DateSubject
22/11/2017
08:20
Blan Tech Grp Daily Update: Blan Tech Grp is listed in the Support Services sector of the London Stock Exchange with ticker BLTG. The last closing price for Blan Tech Grp was 77.50p.
Blan Tech Grp has a 4 week average price of 49p and a 12 week average price of 43p.
The 1 year high share price is 308p while the 1 year low share price is currently 43p.
There are currently 63,989,266 shares in issue and the average daily traded volume is 92,749 shares. The market capitalisation of Blan Tech Grp is £50,871,466.47.
09/11/2017
09:53
zulu_principle: From today's Investors Chronicle web site: For Blancco Technology’s (BLTG) chairman, Rob Woodward, “2017 has been a year of substantial challenges for the group”. In March, Blancco reported higher pre-tax losses for the first half. Come September, management announced the reversal of £2.9m in revenues booked through to June, reducing performance expectations for the full year. The then chief executive Pat Clawson duly fell on his sword and the group’s shares plummeted. However, the market reacted positively to the data erasure specialist's preliminary figures, which detailed a strengthening top line, albeit against restated comparatives in the prior year, including a £1.2m revenue reduction, again linked to contract issues. Some encouragement is provided through a 19 per cent organic growth rate, with a pleasing increase in erasure revenue, coupled with new diagnostics contracts. Reported losses narrowed considerably, thanks to higher finance income stemming from the revaluation of deferred consideration for two previous acquisitions – currency movements reduced the value of these liabilities significantly. Analysts at Peel Hunt forecast adjusted EPS of 3.1p for the year to June 2018, up from 3p in 2017. IC View: No dividend will be paid; bosses remain focused on “immediate priorities” – cash flow, cost management and sustainable revenue growth, although they might want to pay a little more attention to their revenue recognition policies. The shares rose strongly on release of these figures, but the share price is still well adrift of the 300p level seen earlier this year, leaving Blannco trading below its net asset value. Peel Hunt has cut forecast revenues for FY2018 by £3.8m to £30.7m, although that still represents an 11 per cent uplift year on year. Improved sales are to be welcomed, but shareholders would be justified in wondering whether they'll stick over the course of the accounting year. Hold. Last IC View: Hold, 71.5p, 06 Sep 2017
02/10/2017
08:07
pj 1: PJ 1 4 Sep '17 - 13:40 - 468 of 483    1   1   Edit Well good luck. I think your insane to keep averaging down. Wait for the kitchen sink to be thrown out in a few months by a new CEO. And even then I don't think it would be for me. =================================================================================== Share price when the above was posted 76p less than a month ago. Now minus 32% to that post, I'd still urge investors not to average down, there is something seriously not right here imo. Trading maybe different, but that's not for me.
07/7/2017
08:40
varies: I find most of the posts here really helpful and informative and that, taken together, they present a well-balanced appraisal of the investment merits of BLTG shares at the present price. In spite of many misgivings I remain a buyer, having bought at 126p and 118p yesterday. I am relieved to see calmer conditions so far this morning. Edison Investment Research produced a 16 page analysis on 15 March 2017 when the share price was 250p. This included a Discounted Cash Flow valuation at 340p. The figure would obviously be much lower now after subsequent disclosures. It provides a thorough and informative explanation of the Erasure business and BLTG's dominant role. It makes no reference, however, to the quality of our receivables ! Edison (of whom BLTG is a research client) estimated that the total adjusted operating profit (TAOP) for the year to 30.06.2017 would be £7.9m. Their corresponding figures for 2017/18 & 2018/19 are £9.89m and £11.95m. Assuming (and please correct me if I am wrong) that TAOP and EBIT have the same meaning, then Edison's figure for 2016/17 is very near BLTG's latest forecast allowing for the £2.2m charge on this doubtful receivable. It is annoying that we shall have to wait until 3 October for the accounts but, as we all know, it does usually take about 3 months from the year-end for accounts to appear. IF these contain no further shocks and if BLTG enjoys the support of its bankers, then I believe today's price of 118p will look a great bargain. Fingers crossed !
06/7/2017
13:01
masurenguy: Paul Scott today: "I don't like this company at all. Today is yet more bad news, from a very accident-prone company. The red flags have been obvious for some time, so it would have made a good short. Previous management were dreadful in my opinion, so the hope was that new management would be better, but there's not much sign of that so far. I think problems are often left behind by outgoing poor management, not least in terms of company culture (e.g. aggressive accounting, etc). So it's usually best to wait for new management to kitchen sink the numbers. The company bolstered its balance sheet with a placing at 169p in May 2017, raising £9.45m after fees. With the share price now 27% down on that fundraising just 2 months ago, I imagine there must be some very miffed shareholders here. There could be grounds for legal action there, perhaps? (for possible misrepresentation). I don't like this company at all. Today is yet more bad news, from a very accident-prone company. The red flags have been obvious for some time, so it would have made a good short. Previous management were dreadful in my opinion, so the hope was that new management would be better, but there's not much sign of that so far. I think problems are often left behind by outgoing poor management, not least in terms of company culture (e.g. aggressive accounting, etc). So it's usually best to wait for new management to kitchen sink the numbers. The company bolstered its balance sheet with a placing at 169p in May 2017, raising £9.45m after fees. With the share price now 27% down on that fundraising just 2 months ago, I imagine there must be some very miffed shareholders here. There could be grounds for legal action there, perhaps? (for possible misrepresentation). It's possible that there might be a decent company here, struggling to get out. For me, with a long track record of dodgy accounting, and weak management, I can't see any reason to get involved here. Why take the risk? It doesn't even look particularly cheap, after the big share price falls."
06/7/2017
10:31
varies: Having been fortunate to make a modest profit here before selling my last shares in April at 172p, I am putting out a hand for this falling knife and have bought some back at 126p and intend to buy more at about 123p. BLTG raised over £9 million in May at 169p after telling us a month earlier of its urgent need for £4 million. It gave itself, so I hope, something in hand which should cover this latest setback. Finances are probably very tight and it may be that BLTG will need another injection of cash. I hope not and regard this risk as allowed for in the share price. If BLTG achieves pre-tax profits of £5.5 million after providing for the write-off of £2.2 million on doubtful receivables, then it seems reasonable to hope that they will make over £9 million in 2017/18(£7.7m plus 20%) The market cap. is now only about £76 million and I believe this company would make an attractive purchase for many software companies with cash in the bank to cover BLTG's shortage.
26/4/2017
12:02
pj 1: I see 2 possibilites 1) Finncap have issued the note in an attempt to reduce the share price so one, or more, of their clients can buy. However, I wouldn't put Fincapp in this category of Broker, but it is a possibility however slight 2) They are perhaps aware of intentions of a large holder(s) to sell or reduce, and are in effect warning their own clients. All IMO
20/2/2017
12:17
rivaldo: 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 channel. 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."
20/2/2017
09:00
nurdin: 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.
18/1/2017
15:11
rivaldo: Hi nurdin. I see broker targets being hit on a regular basis. Just this morning BOTB's share price was well ahead of Finncap's target price, and Finncap heavily upgraded to catch up. More often they're exactly that - targets. Look at the sort of ratings G4M or BOO and the like are on, and some of their target prices are even well ahead of where they are now. In that context Peel Hunt's 340p target here is perfectly realisable. All I'm saying is that the markets are unpredictable, and if a company find support it's surprising just what share prices can be attained and retained, so to write off a target price completely as "wrong" is just a subjective view at the time which may or may not prove to be completely incorrect. But I completely agree that targets should be reviewed carefully, and some are more realistic than others! Meanwhile the BLTG price continues to rise.
26/4/2016
10:22
welsheagle: What is the likely BLTG share price after the tender offer i.e. What price could we buy back afterwards.
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