Beeks Financial Cloud Share Discussion Threads

[chrysalis99] 10/4/2024 13:23

Looking for confirmation of the big new contract which isn't included in the management and broker forecasts

[hatfullofsky] 10/4/2024 07:32

Looking for this to break 200p and then to kick on

[hatfullofsky] 05/4/2024 10:13

Seems to be a JSE connection, STT are South Africa based so should cover the continent

[husbod] 05/4/2024 08:48

Seems like a very positive development.Could be sitting on a great British success here.

[masurenguy] 05/4/2024 07:41

Beeks partners with Securities & Trading Technology
A strategic partnership to reshape the future of exchange trading and clearing services

05 April 2024 - Beeks Financial Cloud Group is pleased to announce a strategic partnership with Securities & Trading Technology (STT), a leader in trading, clearing, and surveillance technology. This collaboration introduces a service-based solution to meet the evolving needs of the global financial markets, at a time where the efficiency, reliability, and scalability of trading and clearing solutions are paramount. By combining Beeks' financial cloud infrastructure with STT's trading and clearing systems, clients will benefit from a comprehensive suite of services that will streamline operations, reduce costs, and enhance market competitiveness.

With this partnership, the offering will cover all aspects of exchange trading, from execution and risk management to surveillance, post-trade clearing, and settlement processes. Delivered as a fully managed service, this solution liberates financial institutions from the burden of heavy infrastructure investments and operational overhead, allowing them to focus on their core business activities. This partnership underlines the shared commitment of Beeks and STT to setting new industry standards and delivering value to clients worldwide.

Gordon McArthur, CEO of Beeks, commented: "Our collaboration with STT marks an exciting chapter in our mission to innovate the financial services industry. By leveraging our combined expertise, we will provide clients with a streamlined, risk-mitigated solution that is poised to transform the way financial institutions operate."

Zack Hodgson, Chairman of STT, said: "Joining forces with Beeks represents a pivotal moment in our journey to redefine the financial market landscape. Together, we are set to deliver a complete state-of-the-art exchange trading and clearing solution, enabling institutions of all sizes to excel in this dynamic environment."

[masurenguy] 30/3/2024 09:16

Richard Penney of Crux Asset Management is bullish on Beeks @53.00 minutes.

[hatfullofsky] 28/3/2024 17:53

The largest shareholder has made it very clear he's open to a trade sale. It just has to be at the right price. Only he and the board know that but I'd be very happy with 500m - 1bn

[masurenguy] 28/3/2024 08:34

I agree with valuestar - the longer term prospect is for Beeks to be acquired by a predator.

[valustar1] 28/3/2024 07:34

I would say no in the next 2/3 years as the expected growth means cash generated is required to support that.

By then the plan is a sale if a price can be obtained that reflects the ongoing potential of the business

But if a sale does not happen I am sure the largest shareholder would welcome a dividend flow

[route1] 28/3/2024 07:22

As new contracts are signed and both revenue and profits improve, would there be a likelihood of dividends being distributed.

[masurenguy] 25/3/2024 07:19

Liontrust duo cheers Beeks’ contract wins

Beeks Financial Cloud (BKS) has enjoyed a number of recent contract wins which can carry on its positive trading momentum, says Liontrust duo Anthony Cross and Julian Fosh. The company is a top 10 holding in the pair’s Liontrust UK Micro Cap fund, where it makes up 2.2% of the £146m portfolio.
Cross and Fosh said that the group delivered ‘positive trading momentum’ in the second half of 2023, with revenues up 25% year-on-year, and this momentum can extend this positive run. ‘As a result of recent contract wins, Beeks now expects trading in the year to 30 June 2025 to be significantly ahead of prior expectations. The group signed a contract with a large investment manager in November 23, which has already been upgraded by the customer, more than doubling the contract value to $3.6m over four years. Beeks also announced a new contract for its exchange cloud services, as part of an intended multi-year partnership with a large global exchange group,’ said Cross and Fosh. The shares are up 71% year-to-date on the back of its contract wins.

[masurenguy] 24/3/2024 01:22

MIDAS SHARE TIPS:
'Cloud' pioneer Beeks Group set to see its profits sky-rocket
23 March 2024

[petewy] 23/3/2024 12:06

Thanks measure

[wjccghcc] 22/3/2024 19:50

In their defence they don't get paid much and options/shares are used to remunerate senior management. In 2023 McArthur was paid 64k and McDonald 126k - that's a lot less than most companies their size.

Also, reading between the lines, the CEO's wife is now described as his former spouse so it may be to fund his divorce settlement which would explain the "personal reasons" comment.

[hatfullofsky] 22/3/2024 18:20

Should put a floor in the price

[hatfullofsky] 22/3/2024 18:20

Well I was wrong, great to hear of institutional demand shame both CEO and CFO sold down.

[wjccghcc] 22/3/2024 17:26

McArthur sold 2.2mm and CFO exercised 240k options and sold 284k shares at 165p.

McArthur retains 21.65mm so sold around 9% of his shareholding reducing him to 33%.

CFO retains 719k options he hasn't exercised so sold around 28% of his holdings.

[masurenguy] 22/3/2024 16:07

Looks like those Sells are from one shareholder - either Canaccord or possible McArthur if it was to satisfy demand from another existing or new shareholder. Since these Sells account for more than 8% of the shares in issue there should be an RNS announcement to identify the transactors in due course.

[hatfullofsky] 22/3/2024 15:31

Some big sells just went through, around 5.5m shares only Cannacord and McArthur own that many and I doubt McArthur is sellingSP has held up well though

[74tom] 15/3/2024 09:32

From a high level point of view, isn't it simply that the required up front CAPEX investment makes it unattractive for smaller new entrants & the absolute ROI isn't large enough to attract big players, who are more focused on higher margin cloud offerings? BKS sits right in the middle, and after quite significant investment (£27m raised since listing), they seem to have carved out a niche.

As Paul Scott recently mentioned on SCVR, I wouldn't be surprised to see them raise some additional 'top up' capital in the coming months given the recent contract wins.

[husbod] 14/3/2024 23:25

Thanks for that - interesting.

[hatfullofsky] 14/3/2024 20:32

Husbod - LSEG partnered Microsoft, Deutsche Börse Partnered Google for their cloud provisioning .... but both mentioned the deals were part of their Cloud strategy (data and analytics NO MENTION OF TRADING AND MATCHING). I feel there is still room for BKS in those exchanges but time will tell.

[hatfullofsky] 14/3/2024 20:29

N.Channing

This is a great place to start the first 10 min should help you



Their latest win (expected to be NYSE or Nasdaq) was a competitive tender, so I have no doubts on their competitive advantage.