Brady Share Discussion Threads

[phosgene] 25/3/2016 04:49

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).

[tomps2] 24/3/2016 14:37

Here's a FY results presentation with Gavin Lavelle, CEO

www.piworld.co.uk/whats-new/2016/3/24/brady-results-presentation-bry-21st-march-2016

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.

[32nddegree] 22/3/2016 18:56

I don't value your comment, Gargoyle2, but I'm looking to lose enough brain cells or be drunk enough to start rating it.

[gargoyle2] 22/3/2016 05:34

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.)

[rathkum] 21/3/2016 12:56

Just cannot trust this company to deliver.

[proactivest] 21/3/2016 11:30

Video interview with Gavin Lavelle



Gavin Lavelle, chief executive of Brady Plc (LON:BRY) says he is “delighted” that the firm is still winning contracts despite the downturn in the commodity market.
The firm reported a loss of £1.4mln for the year to December 2015, but
Lavelle says that the firm has taken “corrective action” in the fourth quarter, taking more than £2mln in costs out of the business.
“We will see the benefit of that coming through in the first half of this year, and whilst it’s difficult to call the turn in the commodity markets, our cost base is lower we are being prudent and we are de-risking the business,” he adds, noting that he expects the business to be cash generative in the current financial year.

[opodio] 21/3/2016 10:15

Nasty results

[onjohn] 21/3/2016 07:21

The company warned in November 2015 that, despite the reporting of a healthy sales pipeline in the H1 results statement released in September, a material deterioration in underlying market conditions in the previous month had lengthened buying cycles for existing customers and new prospects. Hence a number of pipeline opportunities would not be converted in the remainder of the financial year as expected, and this would result in revenues and EBITDA being materially below market expectations.


Cash down
Turnover down
Losses
Yuk!

[phosgene] 19/3/2016 18:50

Well it took longer than I expected, but last Monday we saw the republishing of 50k shares when the share price is 56.5p although in October they bought 310k shares when the price was ~80p. I had thought it would be only a couple months but it has been over twice as long. The cynic in me notes that the full year accounts are released on Monday and the ownership of 50,000 shares is unlikely to be with the rank and file membership.

[thewheeliedealer] 09/2/2016 23:32

Hi all,

I went to the Shares/Cenkos Investors and Innovators Show last week and spoke with the Brady guys - if you scroll down on my Blog page you should find the Blog about this and some other Stocks.
I hope it helps, cheers, WD

[dlku] 20/1/2016 22:29

Even so, Brady is expected to be loss-making this year. But it is enacting a round of cost cutting that will hopefully save £1.7mln a year.



Loss making




One more profit warning coming. Look at the commodity sector. Thos customers are skint

[aishah] 18/1/2016 09:14

On the mend. Plenty on offer at 38p day after warning.

[techno20] 08/1/2016 17:49

Think that makes 8 in the period of a month. No indication of size, so makes it impossible to assess the impact on no's, but hopefully it's the beginning of a recovery. I'd sold down 2/3's of my holding in the late 80's / 90's, so have avoided most of the pain. Tempted to come back in over the next few days.

Techno

[igoe104] 08/1/2016 16:42

Make it 4.


Bradyplc, a leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that Zopco SA, headquartered in Geneva, Switzerland, has selected Brady’s Cloud solution to manage the entirety of its physical trading and risk requirements for its metals and concentrates trading business with fully integrated accounting functionality.



Zopco is a privately owned trading company founded in 2015 by metals veterans Tristan Busch and David Day, who were immediately joined by experienced staff in both Geneva and Johannesburg. The company focuses on non-ferrous metals and concentrates.

Brady’s Cloud CTRM was selected for its unique functional coverage of refined metals and concentrates/raw materials, along with the speed of deployment and the in-depth domain knowledge of the Brady team in both the physical metal and LME trading environments. The Brady solution will enable Zopco to manage its entire end-to-end physical and futures trading and the associated logistics requirements, whilst providing the necessary risk management tools. In addition, Zopco will use Brady’s integrated accounting solution for budgetary control and financial reporting purposes, effectively supporting its complete front to back office activities.

Tristan Busch, Founder and Managing Partner of Zopco said: “Having surveyed the market and the available solutions, coupled with our experience of using other trading platforms in previous companies, it was clear that Brady offered unrivalled and outstanding functionality to address our requirements. Brady’s Cloud solution will enable our business to make more informed and proactive decisions, streamline day-to-day operations and protect profits whilst at the same time providing the necessary platform for continuing growth. Implementation of the Brady solution extends our visibility into the full supply chain and enables us to make intelligent sourcing decisions to offer better value to our suppliers and customers”.

Continuing he said: “With the objective of growing our business in the future, the need to ensure effective control and management of our metals and concentrates end-to-end operations on a single platform is of paramount importance. Brady’s Cloud solution will offer us the flexibility to allow us to develop our business confidently and ensures scalability for our future requirements.”

Gavin Lavelle, CEO of Brady plc, commented: ”Brady has been independently acclaimed to be the leading provider of software solutions to the global metals market and we are delighted that Zopco has selected Brady to manage its trading and risk requirements, thus adding to our growing metals customer base. Brady’s trading solution offers Zopco a fully integrated solution to manage refined metals and concentrates on a single platform, while offering unique depth of functionality across the complete trade lifecycle, namely to address the specific complexities of raw materials. We are absolutely delighted to welcome Zopco to Brady’s customer base of more than 400 companies world-wide”.

[techno20] 07/1/2016 07:45

3 contracts and an acquisition in 4 days.....

Thursday, 07 January 2016 07:00
NTE selects Brady to manage its renewable energy trading and risk management operations
7th January 2016, London:Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Nord-Trøndelag Elektrisitetsverk AS (NTE), has selected Brady Energy Trading and Risk Management solution to manage its energy trading, position, risk, and back-office operations.

Nord-Trøndelag Elektrisitetsverk AS (NTE) is an energy utility owned by North Trøndelag County Council in Norway. NTE, founded in 1919, is headquartered in Steinkjer, Norway.

NTE's core business is the production and distribution of renewable electricity, operating a total of 28 hydro power plants and 2 windmill parks. For over 20 years, NTE has been one of the leaders in the development of wind technology along Norway's coast. NTE continues to search for opportunities to develop clean and renewable energy sources to meet the challenges of global climate change.

“Selecting Brady ETRM will provide us with a robust and proven platform as a foundation to manage all of our business activities around energy trading, portfolio and risk management. Brady with its strong heritage in the Nordic power market is a reliable partner for the system implementation and beyond,” said Svein Olav Munkeby at NTE.

Continuing Munkeby added: “We are confident of Brady’s ability to deliver ongoing support for all areas of energy trading, operations, and risk management. Therefore, we are looking forward to a strong partnership with Brady to facilitate our current activities and future requirements in energy trading.

Gavin Lavelle, CEO of Brady plc, commented: “I am delighted that NTE recognises our unparalleled expertise in the Nordic energy market and has chosen to put its trust in Brady. Being selected to assist cornerstone utilities such as NTE in this increasingly significant and complex energy space, endorses our product, market and technical expertise in the area of renewable energy. We are now intent on ensuring that NTE will quickly enjoy the benefits and are delighted that they have selected Brady”.



# # #

[dlku] 06/1/2016 20:02

one more profit warning coming

[techno20] 06/1/2016 19:20

Guys have been busy! Another announced today....

Wednesday, 06 January 2016 07:00
Awin select Brady’s fully integrated trading and risk management solution for refined metals, concentrates and derivatives
6th January 2016, London: Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today that Awin Resource International Pte Ltd has selected Brady to support the organisation’s global trading and risk management of its operations for its refined metals and concentrates businesses in Singapore.

Awin Resource International Pte Ltd, was founded in 2011 and is a wholly-owned subsidiary of Amer International Group, a Global Fortune 500 company and a leading Chinese conglomerate. Awin undertakes offshore procurement of raw materials for Amer International Group’s cabling and wiring manufacturing facilities and trades a wide spectrum of metals in the ferrous and non-ferrous industries.

The Brady solution will provide Awin with unrivalled CTRM functionality to manage its global metal, concentrates and derivative trading activities. The solution manages the complete life-cycle of the trade, enabling total transparency and accuracy of its trading, operations, settlement, logistics, financing and mark to market. To support its concentrates trading, Brady will deploy its latest generation of metals raw materials services, including complex contract rule creation, valuations, inventory management, tolling, blend optimisation and risk exposure.

Lim Ying Ying, General Manager of Awin Resource International Pte Ltd commented on Awin’s decision to select Brady: “A key requirement for us was to have a single solution for both our concentrates and refined metal trading and associated hedging. Several of our team have used Brady solutions previously which gives us confidence in Brady’s ability to deliver, particularly in the nuances involved in the area of ensuring that concentrates trades are documented and measured reliably to enable efficient management of the single/multiple purchase and sale contracts and the associated hedge trades”.

Gavin Lavelle, CEO of Brady plccommented: "This contract further underlines our position as the leading global trading and risk management across refined metal, concentrates and derivatives. We are aware that customers have choices in their solution providers and I firmly believe that their continued reliance on Brady is testament to our domain expertise and flexible approach and customer satisfaction through consistently delivering on our commitments to customers”.

# # #

[aishah] 06/1/2016 11:57

Coltrane Master Fund gone over 6% to 5 million shares. Added over 1m when 3 new contracts were announced on 17th December.

[techno20] 04/1/2016 07:49

Acquisition announced...

Sunday, 03 January 2016 21:54
Brady acquires energycredit to enhance its risk offering for the energy and commodity markets




4th January 2016, London:Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today the acquisition of energycredit from Temenos,





energycredit provides specialised domain expertise in credit risk to the energy and commodity markets with offices in the UK, US and India, serving energy customers representing some of the world’s largest utilities, producers and trading firms.

“I’m thrilled to announce the acquisition of energycredit; it aligns perfectly to our growth strategy of acquiring complementary functionality to enhance our offering, enabling customers to have a single provider for their complete energy and commodity trading software requirements,” said Gavin Lavelle, CEO of Brady plc. “energycredit has a proven track record of success in credit risk management, having received Energy Risk’s award for credit risk solution of the year for 8 of the past 10 years. energycredit brings to Brady a highly skilled team that understands the nuances of this increasingly crucial element of commodity risk management. By combining Brady’s knowledge and expertise in the commodity risk management space with energycredit’s platform and expertise and relationships in the credit space, we will extend the functionality into the wider commodity asset classes and provide customers with a complete risk management suite of solutions.”

The acquisition enhances Brady as a global risk management solution provider. Together, the companies will collaborate to create a comprehensive solution for the market. A further advantage is an offshore development house. Customers will benefit from leveraging product synergies and additional resources, coupled with domain experts located close to the customers, enabling world-class development and testing at a highly cost effective level.

Fauwad Hurzuk, Head of Product at energycredit embraces the acquisition: “The entire team at energycredit recognises the benefits of working within the Brady organisation, whose focus is on the energy and commodity markets and we are looking forward to the opportunities that the combined Brady/energycredit offering will add to opportunities with existing customers on both sides, as well as a complete solution offering for the wider marketplace.” “By joining Brady our development teams are looking forward to extending the breadth of our solutions into wider asset classes and Brady will quickly see the benefits of an enlarged development team, resulting in the combined success of both organisations and most importantly customer satisfaction.”

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