Be Heard Share Discussion Threads

[sian] 04/4/2017 19:55

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

[adelwire2] 04/4/2017 15:45

Can you post them Mr Dirty?

[dirty75] 04/4/2017 14:54

Great Brokers notes by Numis and Dowgate - full steam ahead !!!

[leedsu36] 04/4/2017 14:31

4.5p by June,5p eoy

[adelwire2] 03/4/2017 10:44

So how much do people reckon this share can go up by end of 2017?

[chinese investor] 03/4/2017 09:43

Robin Price (aged 59) (Group Finance Director)

Robin is a qualified chartered accountant (FCA) and a fellow of the Institute of Practitioners in Advertising.

His career has been spent in financial and commercial roles within the advertising and
media industry.

Robin was a Co-Founder and Finance Partner of leading UK advertising agency HHCL and on its acquisition became Legal and Commercial Director at Chime Communications plc.

He has since held roles as Chief Operating Officer (UK & Ireland) of McCann Erickson (part of the Interpublic Group) and as Global CFO/Commercial Director of ?What If! Holdings.

Ian Maude (aged 50) (Group Development Director)

Prior to joining the Company, Ian served as Director of Digital Media & Technology at Enders Analysis, an independent TMT research and consultancy firm.

He is a former Vice-President of Interactive Marketing at AOL Europe, where he was on the UK management board with responsibility for commercial revenue.

He played a lead role in establishing the IAB, the industry body which oversees and promotes online and mobile advertising in the UK.

Ian holds an MBA from Warwick Business School.

[chinese investor] 03/4/2017 09:38

GO GO HORSEY !

I've Been Secretly Accumulating !

[jayfella72] 03/4/2017 09:36

Looking good.....

[chinese investor] 03/4/2017 09:16

My Share For 2017 !

[dirty75] 03/4/2017 09:13

PI's awakening to this share that's completely undervalued . With a £100m turnover what does that do to the share price

[adelwire2] 03/4/2017 08:48

Slightly upwards again.

[dirty75] 30/3/2017 16:09

directors filling their boots at this level.

[chinese investor] 30/3/2017 08:36

Good Results !

[dirty75] 30/3/2017 08:35

That's more than satisfying , great numbers . here on in this should really take off , only a matter of time that PR kicks in and people catch on what's likely to happen next financial year. Taking the opportunity to buy some more at the current share price

[currypasty] 30/3/2017 08:04

Strong underlying net revenue growth of c.16% based on
full year performance of the three partners in the Group
at 31 December 2016

[snickerdog] 30/3/2017 00:11

Results tomorrow. Expect market to finally catch on

[chinese investor] 24/3/2017 18:48

I follow the Prof for Investment Advice !

Professor Pettigrew (BHRD) 30 Dec'15 - 08:43
I have just purchased 100,000 at 5.95p

Professor Pettigrew (BHRD) 5 Jan'16 - 12:36
I have just purchased another 100,000 at 4.97p

[chinese investor] 24/3/2017 18:31

I Am - this is my Share for 2017 !

[savaloy] 24/3/2017 18:05

Hello,any1 there