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BHRD Be Heard Group Plc

0.475
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Be Heard Investors - BHRD

Be Heard Investors - BHRD

Share Name Share Symbol Market Stock Type
Be Heard Group Plc BHRD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.475 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.475
more quote information »

Top Investor Posts

Top Posts
Posted at 27/8/2020 17:55 by rocka999
Investors have been roasted here well and truly !
Posted at 09/6/2020 18:48 by chinese investor
PP is the greatest investor known to man....but nobody knows who the man is !

Professor Pettigrew (BHRD) 30 Dec 2015 - 09:35:50
Aside from Peter Scott, Nigel Wray is a City force to be reckoned with, and in no way would take such a stake here without proper due diligence and the prospect of exceptional gains going forward.
Even back in the late 70's and 80's followers of Wray were usually well rewarded.
There is no reason to think other than the above here.
I believe over the coming months and years this will slowly grow into a very large and remarkable company indeed.

Professor Pettigrew (BHRD) 29 Dec 2015 - 22:40:20
I have been following this board for a couple of weeks or so now.
I intend to make a reasonable investment here in the morning up to 4.7p of around 500-750,000 shares.
I will post my buy as soon as my broker confirms it.
I'm also in total agreement that this will be a very rapid success, as the groundwork has already been done.
Posted at 20/4/2020 09:39 by tradertrev
In a mid-cycle environment (I am not a short-term investor) one might expect marketing services companies to trade on 8-10x EV/EBITDA. The mid-point of that range on 2019 results would imply a share price around 2.5p including the convertible loan note as debt and excluding any improvement in net cash from ongoing results. Just my opinion, but this looks more like a ten-bagger than bust (ref post 2948).
Posted at 13/12/2017 23:06 by cottoner
Another ramp :-)

Specialist asset management group Gresham House has launched a new, proprietary online portal designed to provide a personalised digital experience for investors and clients.

The portal, developed by MMT Digital, will enable clients to access deal by deal co-investment opportunities in a structured and simple manner. Users will have access to information on the underlying assets, including appraisal and investment papers where available, allowing them the discretion to increase their investment into the regions, sectors or deals specific to their interests.


As well as facilitating co-investment opportunities, the portal will provide a portfolio monitoring and reporting service and a secure platform for client communication to help enhance its client service proposition.

Andrew Hampshire, chief technology officer of Gresham House, said: “As a Group, we want to differentiate ourselves from our competitors by providing a best in class digital experience for investors. The consumer sector has traditionally been on the front foot when it comes to innovative user engagement and is better at meeting the digital needs of its clients. As a result, we were keen to partner with MMT Digital, who have an outstanding track record in this regard and could bring their design expertise and agile approach to our sector with great effect.”

Ian Stanton, client services director at MMT Digital, said: “The new portal we’ve delivered will enable Gresham House to cater to its digital savvy customer base in an industry that has been traditionally slow to embrace digital. Our agile approach meant that we could quickly adapt and incorporate investor feedback as the project developed, to ensure we delivered the best possible solution."

Based in London and the Midlands, MMT Digital works with clients including Vodafone, Centaur Media, comparethemarket.com and Network Rail.
Posted at 04/4/2017 19:55 by sian
Proativeinvestor:

Broker bullish on Be Heard, claims investors are “starting to listen”
Share
12:20 04 Apr 2017
Dowgate Capital likes the management team, exposure to the digital marketing space as well as Be Heard’s track record of acquisitions
person typing on a laptop
Internet advertising overtook traditional ads a couple of years ago and is still growing strongly
City broker Dowgate Capital has repeated its ‘buy’ recommendation for Be Heard Group PLC (LON:BHRD), claiming that investors are “starting to listen” to the digital marketing specialist’s story.

Be Heard made its debut on AIM back in November following a reverse into Mithril Capital and Dowgate reckons it has everything in place to be a success on the junior market.

“Be Heard benefits from a proven management team with an excellent track record, that is gaining from the synergy value of new acquisitions against the background of a marketing industry entering the next phase of an exciting digital revolution,” said analyst Jason Roberston.

Speaking of management, chairman and founder Peter Scott heads up what Robertson calls a “high calibre” senior team.

Given Scott’s previous successes at WCRS (sold for £3.2bn) and Engine Group (sold for £100mln), the analyst says investors “will be hoping history repeats itself”.

Importantly, Be Heard also gives investors the opportunity to take a stake in the booming digital advertising and marketing space.

Robertson estimates that internet advertising overtook traditional advertising back in 2015, and expects it to represent 60% of the ad market in the near future.

“Be Heard is uniquely positioned as a pure play digital business, seeking to acquire and connect a cluster of best-in-class mid-size agencies,” explains the analyst.

Robertson also notes that Be Heard has a track record of acquiring businesses for reasonable prices, especially when compared to some of its larger peers.

“Be Heard’s first four acquisitions have averaged a multiple of 5-6x EBITDA [underlying earnings].

“This appears cheap when compared to acquisitions made by others that have tended to be in the range of x10 to x22, with mid-size acquisitions and those paying a premium for scale, in the x16-x20 range.”

Robertson has the stock as a ‘buy’ with a price target of 5.2p.

Shares were up 2.5% to 3.95p early on Tuesday afternoon.

Best Regards
Posted at 15/9/2016 14:52 by sophiegb
Proactive Investors is here:
Posted at 15/9/2016 10:56 by ibug
Today analysts at Numis retained Be Heard’s (LON:BHRD) shares as ‘Buy’ in a report released to investors.

According to Numiss price target of 4.46 on the company’s stock this indicates the broker now believes there is an increase of 20.54% from Be Heard’s current price of 3.7.
Posted at 04/8/2016 16:25 by chimers
The company has said it is comfortable doing four deals a year and it has the support of a pretty impressive roster of institutional investors (which includes Gresham House, Artemis and Schroders) if it wants to come back to the market to top up its cash pile.

Entrepreneur, investor and Saracens owner Nigel Wray is also a backer.

Profitable from next year

Numis is predicting revenues from the existing businesses will be £9.1mln this year, rising to £13.2mln and £14.9mln. It will make a pre-tax profit of £1.5mln next year, rising to £1.8mln, the broker added.

“The market backdrop is highly favourable for Be Heard as it seeks to establish a midsized digital marketing group that has greater scale and infrastructure than a niche digital specialist, but is more fleet of foot than the global holding companies,” said Numis’ Richards.
Posted at 15/6/2016 11:08 by chimers
MEANTIME..............

SMALL CAP IDEAS: Heavyweight advertising veteran wants to make a big noise with AIM venture Be Heard
By IAN LYALL, PROACTIVE INVESTORS, FOR THISISMONEY.CO.UK

PUBLISHED: 14:39, 13 June 2016 | UPDATED: 15:16, 13 June 2016


View comments
I hope he won’t mind me describing him thus, but Peter Scott is a veteran of the advertising and marketing industry.

He started his working life with Ogilvy and Mather (I won’t embarrass him by saying exactly when) and co-founded WCRS, which to quote his biography ‘morphed’; into Aegis under his tenure as boss.

The business was eventually sold to Japanese rival Dentsu for £3.2billion. After that he created Engine Group, which was sold to private equity for £100million in 2014.

Cue retirement and a focus on family (he has been married to Jan for 35 years and has three children) with more time to concentrate on his growing herd of pedigree shorthorn cattle.

New hit: Advertising heavyweight Peter Scott started his working life with Ogilvy and Mather, and co-founded WCRS, which ¿morphed¿ into Aegis under his tenure as boss. Now he is chairman of AIM-listed Be Heard +1
New hit: Advertising heavyweight Peter Scott started his working life with Ogilvy and Mather, and co-founded WCRS, which ‘morphed’; into Aegis under his tenure as boss. Now he is chairman of AIM-listed Be Heard

Nope, not a bit of it. Scott, it seems, enjoys a challenge, and as if to underline the point he has come to the junior market (never an easy ride for even the most experienced business founder) with his latest baby, Be Heard.

The company, which made its debut on AIM last November following a reverse into Mithril Capital, is currently valued at £22million.

The short-to-medium term plan is to turn it into a £100million turnover business focused on digital marketing – be that user experience (UX), driving traffic to sites, content or data analytics.

'The big picture thinking was we had a big gap in the marketplace,' Scott told Proactive Investors.

'If you look at what has happened there was a centre ground of mid-size digitally based marketing services groups… one by one these have been taken out by the Big Four.'

In other words, there is little choice for marketers, but also there are limited options for business owners who are looking to take their agencies to the next level.

The options are: be acquired by one of the major holding groups and become just a tiny cog in a huge machine or struggle on subscale, never quite reaching full potential.

Scott’s approach to his buy and build programme is to offer companies a leg up. Okay, it isn’t a purely altruistic gesture.

He is acquiring businesses with a mix of cash (around 65 per cent of the initial consideration) and equity along with an earn-out, usually over three years.

Be Heard followed this structure with the acquisition of MMT Digital in March. It agreed to pay up to £20.5million if the company hits all its financial targets, but is handing over only £5.1million initially (£3.3million of this in cash).

MMT’s team stays engaged and incentivised over the next three years with £15.4million still up for grabs.

The targets that must be achieved are exacting and are tied to top line growth rates and margins.

The latter point is a crucial one in the Scott formula, because it prevents the business founder growing revenues at the expense of profitability.

'Everyone has to think and behave in the interests of the group, not just themselves as individuals,' said the Be Heard chairman.

MMT, which designs user-friendly web sites and apps for companies such as ComparetheMarket, Scope, the charity for the disabled, and publishing company Hodder Education, is one of two firms in the Be Heard stable currently. The other is media buying agency Agenda 21.

Already, the two businesses have identified sales synergies and the crossover opportunities will grow along as more acquisitions roll in.

BE HEARD AT A GLANCE

Ticker: BHRD

Value: £22million

Share price: 3.25p

Year high: 6p

Low: 2.9p

Scott and the team will, using their experience and Be Heard’s deeper pockets, help businesses flourish. 'We’ll get them to the next level,' said Scott.

With money in the bank and a reputation for not paying over the odds, there’s enough in the coffers to fund the short term deal flow.

The company has said it is comfortable doing four deals a year and it has the support of a pretty impressive roster of institutional investors (which includes Gresham House, Artemis and Schroders) if it wants to come back to the market to top up its cash pile.

Entrepreneur, investor and Saracens owner Nigel Wray is also a backer.

As the business grows so its ability to conclude bigger and bigger takeovers will increase. That said, Scott won’t be doing deals just for the sake of it.

Transactions must fit his ‘four pillars’ strategy (in other words be in the hot areas of UX, digital marketing, content and data analytics), and, crucially, the management must be ready to commit to staying with the businesses they are selling.

'We don’t want people who just want to pack up and go,' said Scott.

'It is about a three to four year plan. They [the vendors] do well if they deliver strong growth from the businesses.

'Our job is we are there to support and encourage them to get the maximum.'

There is deal flow there, so you suspect £100million turnover is a just a staging post to something a lot larger.

'We have set our sights at a level where people don’t think we are completely insane,' Scott said with a smile.

As Be Heard grows and fully forms as a diversified business it will be interesting to see how the market values it.

Ten to 15 times underlying earnings (EBITDA) seems to be the range for the sector, although a pure digital play might expect to command a premium to the average.

Let’s be clear, Be Heard is currently work in progress; it’s just two acquisitions into a much more ambitious buy and build programme.

So, there’s a way to go before the investment benchmarking starts in earnest.

Chairman Scott, meanwhile, appears to be relishing the challenge.
Posted at 14/6/2016 15:03 by chimers
SMALL CAP IDEAS: Heavyweight advertising veteran wants to make a big noise with AIM venture Be Heard
By IAN LYALL, PROACTIVE INVESTORS, FOR THISISMONEY.CO.UK

PUBLISHED: 14:39, 13 June 2016 | UPDATED: 15:16, 13 June 2016


View comments
I hope he won’t mind me describing him thus, but Peter Scott is a veteran of the advertising and marketing industry.

He started his working life with Ogilvy and Mather (I won’t embarrass him by saying exactly when) and co-founded WCRS, which to quote his biography ‘morphed’; into Aegis under his tenure as boss.

The business was eventually sold to Japanese rival Dentsu for £3.2billion. After that he created Engine Group, which was sold to private equity for £100million in 2014.

Cue retirement and a focus on family (he has been married to Jan for 35 years and has three children) with more time to concentrate on his growing herd of pedigree shorthorn cattle.

New hit: Advertising heavyweight Peter Scott started his working life with Ogilvy and Mather, and co-founded WCRS, which ¿morphed¿ into Aegis under his tenure as boss. Now he is chairman of AIM-listed Be Heard +1
New hit: Advertising heavyweight Peter Scott started his working life with Ogilvy and Mather, and co-founded WCRS, which ‘morphed’; into Aegis under his tenure as boss. Now he is chairman of AIM-listed Be Heard

Nope, not a bit of it. Scott, it seems, enjoys a challenge, and as if to underline the point he has come to the junior market (never an easy ride for even the most experienced business founder) with his latest baby, Be Heard.

The company, which made its debut on AIM last November following a reverse into Mithril Capital, is currently valued at £22million.

The short-to-medium term plan is to turn it into a £100million turnover business focused on digital marketing – be that user experience (UX), driving traffic to sites, content or data analytics.

'The big picture thinking was we had a big gap in the marketplace,' Scott told Proactive Investors.

'If you look at what has happened there was a centre ground of mid-size digitally based marketing services groups… one by one these have been taken out by the Big Four.'

In other words, there is little choice for marketers, but also there are limited options for business owners who are looking to take their agencies to the next level.

The options are: be acquired by one of the major holding groups and become just a tiny cog in a huge machine or struggle on subscale, never quite reaching full potential.

Scott’s approach to his buy and build programme is to offer companies a leg up. Okay, it isn’t a purely altruistic gesture.

He is acquiring businesses with a mix of cash (around 65 per cent of the initial consideration) and equity along with an earn-out, usually over three years.

Be Heard followed this structure with the acquisition of MMT Digital in March. It agreed to pay up to £20.5million if the company hits all its financial targets, but is handing over only £5.1million initially (£3.3million of this in cash).

MMT’s team stays engaged and incentivised over the next three years with £15.4million still up for grabs.

The targets that must be achieved are exacting and are tied to top line growth rates and margins.

The latter point is a crucial one in the Scott formula, because it prevents the business founder growing revenues at the expense of profitability.

'Everyone has to think and behave in the interests of the group, not just themselves as individuals,' said the Be Heard chairman.

MMT, which designs user-friendly web sites and apps for companies such as ComparetheMarket, Scope, the charity for the disabled, and publishing company Hodder Education, is one of two firms in the Be Heard stable currently. The other is media buying agency Agenda 21.

Already, the two businesses have identified sales synergies and the crossover opportunities will grow along as more acquisitions roll in.

BE HEARD AT A GLANCE

Ticker: BHRD

Value: £22million

Share price: 3.25p

Year high: 6p

Low: 2.9p

Scott and the team will, using their experience and Be Heard’s deeper pockets, help businesses flourish. 'We’ll get them to the next level,' said Scott.

With money in the bank and a reputation for not paying over the odds, there’s enough in the coffers to fund the short term deal flow.

The company has said it is comfortable doing four deals a year and it has the support of a pretty impressive roster of institutional investors (which includes Gresham House, Artemis and Schroders) if it wants to come back to the market to top up its cash pile.

Entrepreneur, investor and Saracens owner Nigel Wray is also a backer.

As the business grows so its ability to conclude bigger and bigger takeovers will increase. That said, Scott won’t be doing deals just for the sake of it.

Transactions must fit his ‘four pillars’ strategy (in other words be in the hot areas of UX, digital marketing, content and data analytics), and, crucially, the management must be ready to commit to staying with the businesses they are selling.

'We don’t want people who just want to pack up and go,' said Scott.

'It is about a three to four year plan. They [the vendors] do well if they deliver strong growth from the businesses.

'Our job is we are there to support and encourage them to get the maximum.'

There is deal flow there, so you suspect £100million turnover is a just a staging post to something a lot larger.

'We have set our sights at a level where people don’t think we are completely insane,' Scott said with a smile.

As Be Heard grows and fully forms as a diversified business it will be interesting to see how the market values it.

Ten to 15 times underlying earnings (EBITDA) seems to be the range for the sector, although a pure digital play might expect to command a premium to the average.

Let’s be clear, Be Heard is currently work in progress; it’s just two acquisitions into a much more ambitious buy and build programme.

So, there’s a way to go before the investment benchmarking starts in earnest.

Chairman Scott, meanwhile, appears to be relishing the challenge.

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