||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Brady Plc Share Discussion Threads
Showing 1626 to 1643 of 1650 messages
|Limit order kicked in today and I finally divested my holding. Just watch the price rocket. :-||
|I still maintain that Lavelle's strategy was probably to build and raise the turnover, raise the share price, raise his stock, raise his options, raise interest in the firm, sell it to SunGard (or whoever) and then reduce his holding once he was no longer CEO. If that was the case, then we would have been brought along for the ride as both the shareholders' and Lavelle's aims would have matched (except the bit about his stock and his options).
Now we have a new set of faces from the top, it should be interesting to see how they move forward in the next 6~12 months and whether they have a different tack with their disparate options or if there is consolidation or even further acquisition. The Interim Results in January and year end results in April will hopefully guide us as to their intentions.|
|Good news, needs a CEO that can deliver shareholder value. Not a holder.|
|This is P&D!
The new Chairman understands: a fish rots from the head down! Good that the CEO will soon "pursue other opportunities".|
|I have never known Q4 not to be a make-or-break quarter.|
|Hi dose anyone use the +500 for trading.
If so what are the charges regarding buy or sell commissions and other associated costs.|
|Is anyone going to the AGM this year?? I'd be interested in feedback.|
|“Customers rely on Brady to help manage the current volatile market conditions”
I have no idea who Brady rely upon.|
|"The shares look attractive" says SCSW in latest issue|
|I don't hold BRY, never have but I do subscribe to Paul's Quality Small Cap Report email which I find invaluable as a means of keeping up with stocks I might otherwise overlook.
As for BRY itself it strikes me its all about building a big company as opposed to shareholder value. I'm put off by the ratio of Cash Flow ps relative to CAPEX ps + R&D ps. When I look for quality growth companies - RB., ABC, GRG, CWK, DOM, JD., JDG etc one of the criteria they all have is Cash Flow ps at multiples of Capex ps + R&D ps. Its one of the scans I look for to back up 'n' Consecutive Years of Turnover Growth but in BRY's case the numbers are not historically very good. I'm prepared to suffer a one off fall in turnover if everything else stacks up.
I can probably best illustrate this by comparing ROR & BRY, both who have suffered from the downturn in the resource sector. ROR still managed to produce 4x Cash Flow ps relative to Capex + R&D ps, whereas for BRY the ratio was <1 at 0.6x Cash Flow ps. Because ROR has been positive for over ten years with its CF:Capex+R&D I'm far more likely to give them the benefit of doubt.
As always the numbers are only as good as the data provider & I tend to use Sharescope, Stock_o_pedia and Sharelockholmes as a short cut rather than wade through endless annual reports.|
|Things which I thought:
It's easy to boost your recurring earnings by dropping the ball with the one-off licence model and thereby artificially raising the relative values.
Good point about the licences confounding the EPS target 6p >> actual 1p.
Gavin has previously suggested that the market turmoil is irrelevant for Brady because they do Risk Management and then when the money for new metals Risk Management systems dries up they suddenly say that this isn't predictable or exploitable.
I'd have been interested to know how the management team are compensated given that their bonuses should have been linked to share prices and contract sales. He's stripped out the dividend to protect the bottom line (and to be fair, Fullager, Lavelle, and Thorneycroft as well as the rest of us will feel that to differing extents) but if they don't also curtail bonuses, discretionary options and other back slapping there is no reflection of the bad results. I would not expect any new Bentleys parked at Brady Towers.|
|What did people think of Brady CEO's answers to my questions in latest interview last week - link above in post 1384. Would be good to get some feedback. Not much point in me doing interviews if there's no feedback!
|Anecdote: I've seen "offshore development centres" in the past and they live or die based upon the initial spec, how close the dev team is to the product managers and how on the ball the parent company is regarding deviation from spec / slipping from timeframe / mission creep of the development etc.
If Brady can do it, they will be performing better than I expect. On the plus side, this could bring modularity and code-reuse by the different teams and that would only be a good thing (30 might be outrageously optimistic).|
|Here's a FY results presentation with Gavin Lavelle, CEO
He talks through 2015 FY results, and explains the challenges throughout the year.
In spite of the difficult commodities market, and the reduction in spending by customers Lavelle puts forward a confident view of where he sees Brady positioned.
Costs have been cut by £2m and the offshore development centre will provide further savings.
56% of revenue is now generated by recurring income.
Lavelle believes contracts have been delayed, not cancelled. And cites they are still growing market share.
Further, there maybe acquisition opportunities in the software market, due to the challenging market, that others with a less robust balance sheet may not weather so well.
Fundamentally he sees them de-risked, moving away from licensed sales, lowering costs; and a low leveraged play of the commodity market.|
|I don't value your comment, Gargoyle2, but I'm looking to lose enough brain cells or be drunk enough to start rating it.|
|I recall there being questions asked as to why the directors weren't buying after the December profit warning. Lavelle brushed that off in at least one interview. He's a smooth talker, that's for sure. Let's see if they are going to stick their necks out now. (I no longer hold, but am looking for a decent entry point.)|
|Just cannot trust this company to deliver.|