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
  +0.00p +0.00% 151.00p 150.00p 152.00p 151.00p 151.00p 151.00p 13,819 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 22.4 -1.3 -34.7 - 96.62

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Date Time Title Posts
22/6/201712:48Blancco Technology Group (formerly Regenersis)412

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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 151p.
Blan Tech Grp has a 4 week average price of 147p and a 12 week average price of 147p.
The 1 year high share price is 308p while the 1 year low share price is currently 147p.
There are currently 63,989,266 shares in issue and the average daily traded volume is 1,678 shares. The market capitalisation of Blan Tech Grp is £96,623,791.66.
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
penpont: Yes I shared your interpretation Nurdin though the jargon used makes it clear as mud. Anyway, +ve share price reaction so as you say rivaldo probably just good to get it resolved.
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."
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.
davebowler: Equity Development; Blancco is the world's leading global developer of 'data erasure' software, used to protect governments & corporates from ID/data theft and cyber-crime, along with being a pioneer in smartphone diagnostics (Xcaliber). Historically, you would normally have to send a broken mobile off to a repair centre, which could literally take weeks. Fortunately there is now a much faster, cheaper and simpler option - by plugging the device into Xcaliber's clever diagnostics software, which identifies and fixes the vast majority of common handset faults. So good are the applications that today Blancco announced it had bought the remaining 51% stake of Xcaliber Technologies that it did not already own, for up to $5.5m in cash. $0.8m was paid on completion in March, with the other $4.7m spread over the next 3 years, dependent on the achievement of pre-determined revenue targets. Not only operating is Xcaliber active in a global addressable market perhaps worth >$200m pa: after a successful 6 month trial covering 200 in-store kiosks, it has signed a ground-breaking 3 year licensing agreement (non-exclusive) with a major North American telco network (as yet unnamed) that will see its programs rolled-out across >5,000 of the customer's US outlets. We have accordingly upgraded our forecasts, and believe that the acquisition will be earnings enhancing within the first 12 months. That said, the stock has risen by >10% since our previous note in March, meaning that the strike price for the forthcoming £50m tender offer (run as a Dutch auction with a 215p-250p range) is likely to be nearer 230p/share, as opposed to our original thoughts of 200p. Consequently with a higher assumed sharecount (ie post buyback), we have trimmed our share price target from 240p to 225p.
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.
nurdin: Thanks for the ED report...very thorough with well rationalised and sensible target price. I know its not a precise science Riv but some analysts have the habit of coming up with outrageous targets without any backing for the forecasts.Also how often do you see companies share price hitting the targets? A recent analysis by Stockopedia showed that most companies fall well short of the targets even on medium term view.I am not saying that will be case here just making the point that brokers targets need to be treated with care. In the case of Blancco,ED with their analysis and earnings projections have come up with a very believable( perhaps on a 2 year view) 275p target....made more believable by the likely exponential growth in data security market globally.
nurdin: Peel Hunts target looks miles away from here.What will cause the share price to rerate to that level?
welsheagle: What is the likely BLTG share price after the tender offer i.e. What price could we buy back afterwards.
rivaldo: The IC have just posted their individual verdicts on numbers 51-100 of the top 100 companies on AIM by market cap - they say Buy for BLTG: Http:// "91. BLANCCO TECHNOLOGY GROUP Blancco Technology Group (BLTG), until recently known as Regenersis, has been reborn as a ‘pure play’ software business. In February, the group sold off its repair services arm in order to focus on Blancco, its key data erasure business, hence the subsequent name change. A sizable portion of the proceeds are now to be returned to shareholders via a £50m tender offer. Revenues and reported operating profits fell in Blancco’s half-year to December 2015, but that reflected a change in the business mix and the adoption of IFRS accounting for subscription sales. But at the time of publication, the IC noted that invoiced sales figures from Blancco show a 40 per cent growth rate at constant currencies, which goes some way to explaining the change of tack. The transformation also involved the relocation of the group’s headquarters to Atlanta, Georgia, in order to tap into the world’s biggest IT marketplace. Market penetration will be helped along by the September acquisition of the Tabernus business group, a privately owned provider of software erasure. Blancco’s share price has performed well since publication of its interim figures, but it still trades on an underlying earnings discount to rivals and growth opportunities abound. Buy."
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