Share Name Share Symbol Market Type Share ISIN Share Description
Beeks Fin.Cloud LSE:BKS London Ordinary Share GB00BZ0X8W18 ORD GBP0.00125
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 60.00p 58.00p 62.00p 60.00p 60.00p 60.00p 43,104 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services - - - - 29.40

Beeks Fin.Cloud Share Discussion Threads

Showing 26 to 48 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
22/2/2018
07:53
Looking good ! "The first six months of the year revenue increased by 40% year on year and our annualised committed monthly recurring revenues at 31 Dec 2017 reached £5.93m, meaning good visibility towards the full year end in June. We saw margins increase as we continue to utilise the capacity and investments already made in the Group over the last 12 to 18 months, resulting in underlying EBITDA increasing 92% to £0.63m (H1 2017: £0.33m). Institutional customer numbers utilising the platform grew from 113 at 31 December 2016 to 170 at 31 December 2017. The Group ended the period with net cash of £2.55m" RNS Number : 5887F Beeks Financial Cloud Group PLC 22 February 2018 Interim Results Beeks Financial Cloud Group plc, a niche cloud computing and connectivity provider for financial markets, is pleased to announce its unaudited results for the six months ended 31 December 2017. Financial Highlights -- Record results in line with management expectations -- Revenue increased by 40% to £2.57m (H1 2017: £1.83m) -- Good revenue visibility maintained with Annualised Committed Monthly Recurring Revenue up 50% at £5.93m (H1 2017: £3.96m), in line with management expectations -- Gross profit up 62% to £1.20m (H1 2017: £0.74m) -- Gross profit margin 46% (H1 2017: 40%) -- Underlying* EBITDA increased by 92% to £0.63m (H1 2017: £0.33m) -- Underlying* profit before tax up 124% to £0.28m (H1 2017: £0.13m). -- Net loss before tax of £0.11m, reflecting exceptional items of £0.34m relating to the listing of the Group on AIM (H1 2017; loss of £0.18m) -- Underlying* basic EPS up 31% to 0.51 pence (H1 2017: 0.39 pence). Basic and diluted EPS loss 0.39 pence (H1 2017: Loss 0.38 pence) -- Net cash of £2.55m as at 31 December 2017 (31 December 2016: net debt£P0.68m) -- Successful IPO on AIM in November 2017 raising £4.5m (before expenses) *Underlying excludes IPO exceptional costs relating to AIM listing and amortisation on acquired intangibles Operational Highlights -- Launch of a new cloud hosting site in New Jersey, US, bringing the total number of sites to nine -- Delivery of the first Fixed Income project, opening up a new asset class for the Group -- Number of institutional clients increased to 170 as at 31 December 2017 (31 December 2016: 113) -- Increased headcount for technical support and delivery -- Enhanced sales channels through the launch of the Beeks Partner Portal, a self-service portal, and by joining the Equinix Cloud Exchange Fabric, the largest cloud marketplace of its kind in the world Outlook -- Exited first half of year in line with management expectations -- Confident of continued growth and a successful outcome to the year Gordon McArthur, CEO of Beeks Financial Cloud commented, "We are pleased to report on our first six months trading as a public company and are extremely proud of the organisation's achievements since we were formed in 2011. We have established Beeks as a leading technology provider in the growing global markets of automated trading in Forex and Futures financial products. We have continued to increase the number of financial institutions using our platform and now have connections to 180 trading venues around the world and nine data centre locations. Our business opportunities remain strong going into the start of the second half of the year as we see continued momentum to our infrastructure as a service model. We are confident the business will continue to grow. We will roll out more cloud hosting and have a strategic focus on Asia over the near term. The formation of our Chinese entity and offering is progressing well. We are investing in our sales team to exploit and drive our business forward. With an established and growing customer base, high levels of recurring revenue and strong market drivers, we are confident in delivering a successful outcome for the year."
masurenguy
21/2/2018
12:25
The shareprice started to motor two weeks ago - from 44.5p on 7 Feb to 67p this morning - which represents a 52% increase during that timeframe ! Awaiting interims, due by the end of March.
masurenguy
15/2/2018
22:53
David - well done on securing their attendance. I look forward to hearing what they have to say about the company's prospects. Maiden interims are due out shortly so lets hope they whet our appetite.
cgequityinvest
15/2/2018
16:44
As previously mentioned Beeks Financial will have a stand and be presenting at our huge Mello2018 event in Derby on 26th April and all shareholders and potential investors are welcome to attend Http://mello2018.com/index.html BKS have never attended or presented at a Mello event before and we are very pleased to welcome them so this is an ideal opportunity to meet the management and hear about their strategy. Do come and join us at this quality two day event and there will be at least 35 other companies to meet each day plus some fabulous keynote speakers.
davidosh
14/2/2018
11:23
No problem
cockerhoop
14/2/2018
07:28
And why would that be? Looking for a lower entry point?
busterdog2
12/2/2018
18:10
Regards Stockopedia - I've found their forecasts somewhat flaky recently and have pointed out large errors at LPA, DSG & ASH which they have corrected. BKS may fall into the same category.
cockerhoop
12/2/2018
17:13
Here’s the link to ShareSoc discount I mentioned in previous post. HTTPS://www.sharesoc.org/full-membership-with-discount/ For a strictly limited time only, we are offering discounted tickets to Mello 2018 to all Full ShareSoc Members. You will be able to save £30 on as many as four 2-day tickets and £20 on one day tickets. When you sign up, we will send you a link for your discounted tickets. In addition we are offering a £10 discount off Full ShareSoc membership, upon entry of coupon code MELLO2018 below. For Full Membership (which gives you voting rights and statutory membership of the company plus a wide variety of benefits), the fee is normally only £45 per annum (reduced to £35 for your first year with the discount) – our newsletters are delivered via email in that case.
glasshalfull
12/2/2018
17:07
Thanks for the welcome guys. Good news is that on speaking with Edward Roskill I understand that BKS may be signing up to present & meet investors at Mello 2018 at Derby in April. Hope that proves to be the case. HTTP://mello2018.com David Stredder has intimated that investors signing up as FULL members for ShareSoc will be offered a £10 discount to join ShareSoc & also a 30% discount on Mello 2018 tickets. Importantly we should hear news on trading or perhaps they may be able to release H1 results in the next fortnight. The latter would certainly be impressive as half year only finished on 31.12.17. The initiation note from Cenkos covers much of the info contained in the admission document. HTTPS://www.beeksfinancialcloud.com/wp-content/uploads/2017/02/Beeks-Financial-Cloud-Group-plc-Admission-Document-Final.pdf Pages 7-19 a must read for any prospective investors. I was also quoting the diluted adjusted EPS forecasts but aware that Cenkos have 4 different EPS calcs in their forecasts. Perhaps that’s the disparity with Stock - o - pedia? Irrespective, BKS are growing at a decent lick, strong recurring revenues and low churn and currently just over six racks of unused capacity on their platform, mostly London, with unused racks apparently capable of generating an average of £38,000 per month of recurring revenue, or in total around £3m of annualised revenue.... with little additional cost which is an important factor. Kind regards GHF
glasshalfull
12/2/2018
16:36
Yes, it's good to see you as a fellow investor here GHF.
masurenguy
12/2/2018
16:20
GHF - good to have you onboard. Its still a small business but the growth potential looks good and the prospective p/e's of 14.5 for current year ending june 18 and a p/e of 10 for June 2019 look attractive, together with the fact it is debt free with some cash in the bank. I have encouraged the board (via email) to market/present themselves to the PI community but with Leon on board i guess he will be on the case. Presumably you have seen a brokers note from Cenkos? I subscribe to Research Tree but its not available on that platform. Sharepad do give the base numbers (as do Stockopedia who appear to have the wrong/outdated numbers). Will await the interims at end of month with interest.
cgequityinvest
12/2/2018
10:32
Declaration that I was a strong buyer on Friday & partially responsible for the 7% rise. I’d simply missed this IPO in Nov but my investment colleagues L Boros & E Roskill mentioned their interest. With share price below the IPO price due to general market turbulence it appeared an excellent opportunity to get in below the IPO price. As I understand, the company will either be releasing interim results or t/s in the next fortnight. No reason to believe they’ll differ from positive trading mentioned in the admission document. What piqued my interest was the strong & growing recurring revenue model adopted by BKS. Cash generation has been high & model has allowed company to make two acquisitions to date & invest in their infrastructure during 2016 & 2017 to support growth moving forward. Their trading infrastructure & additional services appear complex & time consuming for small institutions & individuals to build so they appear to have developed an excellent niche with a cost effective service so that small companies & individual traders avoid the expense of setting up networks. Apparently the BKS set-up is extremely fast with customers up and running same day or within 24 hours. Also appears that their focus on customer service, aligned with low cost & flexibility ensure that the company enjoys positive review and word of mouth with a customer base of 6,000 individual traders & 165 institutional clients at Sept 2017. The monthly IaaS revenue model gives great visibility of revenue & £4m net raised will hopefully allow for acceleration of growth. Cenkos intimate that gross margins are forecast to substantially increase in 2018 and 2019 to 50-60% from 40% in 2017 following the significant investment undertaken. They also forecast for diluted adjusted EPS of 3.4p in 2018 (30.06.2018) & 5.0p in 2019. Beeks are also looking to develop a progressive dividend policy. Will post further on news or results. Kind regards GHF
glasshalfull
12/2/2018
09:28
carcosa is right in that virtually all of their business is currently generated through a monthly fee. However, the current volatility could be beneficial by accelerating the rate at which the number of new clients come on board, since the level of algorithmic trading will presumably increase during periods of significant volatility, and also through existing clients both accessing additional services that would increase their monthly charge and the number of locations connecting to the service. To get a real handle on how all of this is impacting sales we probably need to review their very first interim statement that is due for release before the end of March (see #18 above).
masurenguy
12/2/2018
09:04
See the Admission doc. It is my understanding (and am willing to be corrected!) that Beek's revenue is generated from a fixed service fee, paid in advance, and is not reliant on the number of transactions. What I am interested in is the effect that Spectre & Meltdown vulnerabilities have on their low-latency service i.e. their competitive edge. However as these vulnerabilities effectively apply to all service providers then it would be a management decision as to whether or not to apply the patches. Until a few days ago no exploits had actually been found. These vulnerabilities may actual work to Beek's competitive advantage due to their hardware geographical architecture. However, I would very much doubt they could capitalise on the situation.
carcosa
09/2/2018
16:00
Gents, I don’t know a great deal about Beeks but was wondering if the current market volatility was beneficial to their business. Any thoughts?
busterdog2
23/1/2018
18:07
I dropped the company an email asking when they expected to release the interims and if they were planning a trading update. The CEO Gordon McArthur responded personally advising that the interims would be released before end March, i.e. in line with AIM regulations. I have encouraged him to offer a presentation to PI's when the results are released.
cgequityinvest
22/1/2018
16:56
Good to see the Chairman buying 70k of shares - cost circa £35k. "The Company also confirms that it received notification today that Mark Cubitt, the Non-executive Chairman of the Company, has agreed to purchase 70,707 of the New Shares at a price of 49.5 pence per share. Following this purchase, Mark Cubitt will hold a total of 70,707 shares in the Company, representing 0.14 per cent. of the issued share capital."
cgequityinvest
22/1/2018
11:55
Beeks Financial Cloud Joins Equinix Cloud Exchange to Continue Global Expansion Forex leader to accelerate business performance using Equinix interconnection platform REDWOOD CITY, Calif. and LONDON, Jan. 11, 2017 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced global financial cloud infrastructure provider, Beeks Financial Cloud, has deployed on Equinix's Cloud Exchange as it continues to expand its business globally. Beeks Financial Cloud leverages Cloud Exchange and Platform Equinix™ to connect its customers to global cloud services and networks via a secure, private and low-latency interconnection model. By joining the Equinix Cloud Exchange, Beeks Financial Cloud gains access to instantly connect to multiple cloud service providers (CSPs) in 21 markets, build a more secure application environment and reduce the total cost of private network connectivity to CSPs for its customers. Highlights/Key Facts Today, banks, brokers, forex companies and professional traders are increasingly relying on high-speed, secure and low-latency connections for more efficient business transactions, as demand for data centers and colocation services in the cloud, enterprise and financial services sector continues to grow. According to a July 2016 report by Gartner – Colocation-Based Interconnection Will Serve as the 'Glue' for Advanced Digital Business Applications – digital business is "enabled and enhanced through high-speed, secure, low-latency communication among enterprise assets, cloud resources, and an ecosystem of service providers and peers. Architects and IT leaders must consider carrier-neutral data center interconnection as a digital business enabler." Beeks Financial Cloud, a UK-based company, first deployed in an Equinix London data center 4 years ago on one server rack, now has approximately 80 interconnections within Equinix across eight data centers situated in financial business hubs around the world. These direct connections provide increased performance and security between Beeks and its customers and partners across its digital supply chain. Beeks was the first provider in the world to use cross connects to ensure a retail trader customer had a direct connection to their broker. Beeks' new deployment in Equinix's Cloud Exchange provides the necessary digital infrastructure and access to a mature financial services business ecosystem to connect with major financial services providers in key markets around the globe via the cloud. Equinix's global data centers are home to 1,000+ financial services companies and the world's largest multi-asset class electronic trading ecosystem— interconnected execution venues and trading platforms, market data vendors, service providers, and buy-side and sell-side firms. Equinix's Cloud Exchange offers software-defined direct connections to multiple CSPs including Amazon Web Services (AWS), Google Cloud Platform, Microsoft Azure ExpressRoute and Office 365, IBM Softlayer, Oracle Cloud and others. This has allowed Beeks to scale up rapidly while securely connecting to multiple cloud providers. Beeks Financial Cloud has continued to expand its business on Equinix's global interconnection platform of 146 International Business Exchanges™ (IBX®) in 40 markets across the globe. Beeks is currently deployed in Equinix's International Business Exchanges™ (IBX®) in London, New York, Frankfurt, Tokyo, Chicago, and most recently, Hong Kong. The move to Equinix's Cloud Exchange is expected to help save approximately £1M over the next 3 years, while enabling Beeks Financial Cloud to meet the needs of its global customer base who thrive and grow through forex trading. London is a key player in the global digital economy, with the fifth largest GDP by metropolitan area in the world. Equinix's flagship London data center based in Slough (LD6) is one of the fastest-growing in the UK and has been established as a hub for businesses to interconnect in a secure colocation environment. Gordon McArthur, CEO, Beeks Financial Cloud: "Beeks Financial Cloud has continued to grow rapidly on Equinix's interconnection platform, with Hong Kong being our eighth addition. Data centers underpin our business and we are confident that Equinix's Cloud Exchange will enable the speed, resilience and reduced latency our customers have come to expect from our company. Equinix's global footprint of interconnected data centers has allowed our business to really thrive." James Eibisch, research director, EMEA Telecoms and Networking, IDC:"We see the global demand for data center colocation being largely driven by cloud adoption. That coupled with the expanded reach of Equinix's global interconnection platform is a compelling offering for businesses such as Beeks that require connectivity and access to new markets to meet business demand." Russell Poole, managing director UK, Equinix:"We're seeing an increasing number of customers leverage our interconnection platform to expand their businesses globally. The rapid growth of the cloud industry is driving activity in all business sectors including financial services – we are seeing more businesses partner with us to host their critical financial infrastructures off-premise in our data centers in order to get the best out of the cloud. On Equinix Cloud Exchange, we are confident Beeks Financial Cloud will continue to accelerate its growth and move quickly into new markets." Equinix, Inc. (NASDAQ: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centres. In 40 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. www.equinix.com.
masurenguy
12/1/2018
10:00
Placing of 9,000,000 New Ordinary Shares of £0.00125 each and 5,000,000 Sale Shares of £0.00125 at 50.0p per Ordinary Share "a positive welcome from the market since the start of the year." The share price is positive from the start of the year and those that bought post IPO at the lower levels [for a 20%-30% trade]. {No position}
martywidget
11/1/2018
18:48
Are you looking at the right chart Marty ?? A positive welcome ?? What price was the iPo at ?
the monkster
09/1/2018
11:36
For anyone who hasn't watched this video: Beeks Welcome Ceremony Video https://www.youtube.com/watch?v=1IuBO8HFCLo Good to see a positive welcome from the market since the start of the year. Regards.
martywidget
09/1/2018
10:57
Yet another share that HSBC won't allow..
ocaudillo
09/1/2018
09:12
Masurenguy - the cynic would suggest that a deal or trading update is about to be released and something has leaked. With such a small float it doesnt take much volume to move the price. Lets see what happens over the next week or so.
cgequityinvest
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