Regenersis Share Discussion Threads

[webpax] 19/10/2015 13:03

Capital Markets teach-in tomorrow (20th) according to Edison note I saw. That might bring some buying interest also.

[battlebus2] 19/10/2015 12:40

£2. :)). Thanks for the news Rivaldo.

[rivaldo] 19/10/2015 08:36

Yep - nice early buying today.

And news that RGS India have tied up in India with Chinese smartphone maker OnePlus to provide protection and insurance for smartphones etc:

[battlebus2] 13/10/2015 08:25

Two pounds shortly imv....

[aishah] 12/10/2015 13:06

Releasing and revealing value
Update | Technology | 12/10/2015

Client losses and foreign exchange pressures appear to have overshadowed the underlying growth and the fundamental changes that management has made at Regenersis. Management is exploring the possible sale of the aftermarket services business – a move that will allow investors to focus on the opportunity and value in the data erasure software business. Our sum-of-the-parts analysis suggests that the aftermarket services business is worth 89p per share and Blancco, the data erasure software business, could itself be worth 139p or significantly more.

[welsheagle] 10/10/2015 15:44

Techinvest tipped it in July, 2015.

[rivaldo] 09/10/2015 16:20

Nice to see a tick up just before the close :o))

[clausentum] 07/10/2015 16:26

Has it been tipped somewhere, or does someone know something??

[gswredland] 07/10/2015 14:04

great stuff!

[tromso1] 07/10/2015 13:29

Someone's confident. Just bought 41.2k shares at 192p full offer.

[rivaldo] 07/10/2015 09:53

Looking strong again. Back to 220p now per the chart?

[rivaldo] 28/9/2015 13:30

RNS just out - good news, as River and Mercantile Asset Management have gone above 5%, buying another 624,000 shares to go to a 4m share holding:



Good to see you buying in here Mas.

[masurenguy] 25/9/2015 10:56

Added here this morning.

[rivaldo] 25/9/2015 10:08

Ah, cheers Blackrabbit - that will have helped the cause. I think he's correct in looking for a doubler here if the market recognises the growth in the digital security business:



"I bought Regenersis (RGS) . A return to a share I made some money on before and a bit of a loss too. This one has strongly come back onto my buy radar with major upside potential.

This one looks extremely good value, with some good profits and net cash the current valuation looks too low and I'm looking for a re-rating back up to at least the 220p level so I think there is massive upside.

Several things catch the eye here: it's trying to turn itself around by focussing on digital security software (a hot sector).

It's bought up software firm Tabernus and it is strengthening its board with some nice looking appointments.

But best of all is a phrase I have come to love.

"Exploring strategic options". Last time this phrase was mentioned at AGA, six months later the shares were bid for and I made a fortune.

It is hoping to sell its aftercare business to re-focus - that would release tons of cash and probably a massive special dividend and that could be the catalyst to re-rate the shares significantly.

Indeed with patience, I think there may even be the chance of doubling my money here over a couple of years. Time will tell!"

[blackrabbit] 25/9/2015 09:04

It may have been the comments made by NT on his site yesterday afternoon riv, that caused the increase in interest. He's looking for a re-rating back up to at least 220p. BR.

[rivaldo] 24/9/2015 23:21

Brilliant close to the day....

Adam, the 3 latest post-results forecasts vary from Panmure's 16.8p EPS to Arden's 14.26p EPS this year, with 5.5p and 5.25p dividends respectively.

Next year shows Equity Development's 19.06p EPS down to Arden's 15.37p EPS, with divis varying from 6.5p to 5.5p.

IMO, although RGS remain pretty decent value on those forecasts, this is more about the valuation that the Digital Security Software division would achieve separately from a sold or spun-off Aftermarket division post-strategic review. I believe such a valuation would be considerable, and the two combined would certainly be much more than the current m/cap.

[adamb1978] 24/9/2015 19:23

Impressive margin performance in the two businesses in H2:

Depot solutions was 5.1% in H1 and 6.1% in H2
Adv Sol was 20.1% in H1 and 28.6% in H2

and this wasnt achieved by shifting costs to the corporate centre....central costs were flat from H1 to H2

[adamb1978] 24/9/2015 19:15

Does anyone have any updated forecasts for the next year or two?
Thanks

[battlebus2] 24/9/2015 16:45

A nice way to finish the day :))

[al101uk] 24/9/2015 10:48

rivaldo,

Yeah, they talked about two different parts of the erasure business. The complete erasure which I guess is mainly what Blanco does/did is growing at over 100% per anum. They expect the partial erasure business (that supports things like the implementation of the "right to be forgotten") had a far more modest growth rate, but will probably end up being the more lucrative in the medium to long term I would guess.

He was asked about what went wrong with the US roll out on Set Top Box diagnostics and what he would do different, his answer was that he shouldn't have given the market guidance he did. He was also asked if the results would be made clearer now that the acquisition phase is coming to a close, he replied that he thought the results were clear and that HOP was the best way to look at the companies profitability according to both him and the auditors. He said that he also felt he was as transparent as possible when disclosing one off costs as well.

Jog did most of the talking as Matt has a bad throat and could barely speak.

It was a good presentation, I wish they could have spent a little longer on it.

[battlebus2] 24/9/2015 08:04

Yes thanks al101uk. The NED buying at 165 is indeed very encouraging Rivaldo as you can buy slightly under that this morning.

Edit- now 167 to buy :))

[rivaldo] 24/9/2015 07:16

RNS - encouraging to see a non-exec buying £25,000 of shares at 165p:



Thanks for the summary al101uk, excellent stuff. Interesting to see Data Erasure growing at over 100% per annum, and to be fuelled by EU legislation.

[al101uk] 23/9/2015 12:35

Absolutely flew through, presentation should be online... here's some noted that I scribbled (I missed the first 10 mins):

They confirmed Nokia was the lost contract.

Data Erasure growing at over 100% per year

Advanced Solutions
Good European Growth with Liberty Global./Virgin Media, expecting limited profit growth in 2016, more significant 2017.
USA flat, still potential for a big roll out with the US based customer but no timescale and not budgeted. In the meantime looking for new customers, Australia, Canada etc.

Digital Care
Poland key market, largest mobile insurance company in Poland

Effective tax rate last year 11%, expected to tick up.

Aftermarket, top 5 player worldwide, number 1/2 in Europe.
Expected further consolidation in market.
Best way to realise Shareholder value is to sell this business. In talks with potenital buyers, investment bank engaged in sale.
Most of cash returned to shareholders, sale expected to complete by March 2016. update in 3 to 6 months.
Expecting to rename company to Blanco Technology Group.

Sale includes:
Depot business
Digital Care Insurance
Remote STB business

Once Regenersis becomes a technology focused US based business a question was asked about a US listing. Response was that only 20% of business will be US based Sales, US listing may make sense, but sounded doubtful may look at it in 12 months time.

Blanco growth, partly down to limited price increases, but in the main caused by revenue growth in a fixed cost business which has increased margins. Expecting margins to contract slightly going forward.

Xcalibur which has been loss making ($300K per month at it's peak) gained three contracts recently. First contract was for installing machines that customer can go in to store to use, plug their phone in and have their fault diagnosed. Second was an App based tool for diagnosing faults which contacts provider and third was a customer using it for quality control before phones ship.
Once fully rolled out those contracts expected to make the business close to break even with other custom in the pipeline.

On Blanco and Data Erasure business.

EU legislation mid-2017, some countries going live early, corporates starting to make enquiries. Legislative issues driving similar corporate moves in the US.

Struggled to keep up and probably missed some stuff.

[al101uk] 23/9/2015 11:52

In on audio only :-)

[al101uk] 23/9/2015 11:50

Anyone on the presentation, I signed up, but can't get on from where I am.

Any info would be great!