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% 106.50p 105.00p 108.00p - - - 0 07:30:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 22.4 -1.3 -34.7 - 68.15

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Date Time Title Posts
17/8/201711:33Blancco Technology Group (formerly Regenersis)460

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Blan Tech Grp (BLTG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
06:15:24106.504,0004,260.00O
2017-08-17 13:20:44107.702,5002,692.50O
2017-08-17 13:17:34107.702,5002,692.50O
2017-08-17 13:15:07107.702,5002,692.50O
2017-08-17 13:11:32107.702,5002,692.50O
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Blan Tech Grp (BLTG) Top Chat Posts

DateSubject
17/8/2017
09:20
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 106.50p.
Blan Tech Grp has a 4 week average price of 90p and a 12 week average price of 90p.
The 1 year high share price is 308p while the 1 year low share price is currently 90p.
There are currently 63,989,266 shares in issue and the average daily traded volume is 66,569 shares. The market capitalisation of Blan Tech Grp is £68,148,568.29.
07/7/2017
09:40
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
14:01
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
11:31
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
13:02
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
02/3/2017
08:07
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.
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.
25/1/2017
11:00
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.
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
11:22
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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