Beeks Financial Cloud Share Discussion Threads

[sspurt] 14/9/2020 14:56

Figs tomorrow I believe.

[boadicea] 27/8/2020 12:36

They advised "mid-September" in their latest update, so I would suggest 10th or 17th with the later date more likely.

[ygor705] 25/8/2020 11:07

Beeks finals were out on 5th Sept last year so I'm anticipating news in around about 2 weeks time. These smaller company share prices only tend to move when there is some kind of news so perhaps time to place our bets!

[spann_703] 04/8/2020 10:41

Sold out here today.

Always been unsure about the business model in terms of capital expenditure on hardware upgrades, although I do like the idea that the hardware in financial exchanges is a moat.

Other, larger companies are though launching financial cloud services. I've also had this niggling feeling that management tend to talk things up more than they should, and I thought today's statement was almost as vague as possible.

To be fair, I've been on the fence regarding this company a while and it could still go either way - but given the current valuation and earnings forecasts, the risk over which way it will go seems unreasonable.

[masurenguy] 04/8/2020 07:53

Here it is - solid update, steady as she goes !

Trading Update
04 August, 2020

Beeks Financial Cloud Group is pleased to provide an update on trading for the y/e 30 June 2020.

The Group has continued to make good progress against its strategic objectives and expects to announce trading results within the range of market expectations. The integration of the Velocimetrics acquisition has progressed well and all existing Tier 1 institutional customer implementations are continuing to plan. Covid-19 has had a relatively small impact on Beeks' overall trading, and whilst the lockdown has inevitably impacted some customers' decision making processes, contract discussions with prospective Tier 1 clients remain in advanced form, and the Group has a continually growing sales pipeline. The Board therefore remains confident in the ongoing success of the Group, and ability to capitalise on the growing demand for cloud computing and connectivity from financial services organisations. The Company looks forward to providing a further update at the time of the Final Results, to be released in mid September.

[masurenguy] 28/7/2020 08:45

We are due a year-end trading update - last years was issued on 23 July - and also a projected date for the publication of the final audited results (5 September last year).

[ygor705] 01/7/2020 15:24

Beeks definitely in a trading range of 80ish to 120ish at the moment. Needs news to break out of this straight jacket and that is probably a little way off. We are now passed 30th June so rumours may start to leak about the last 6 months performance otherwise it's a matter of wait and see.

[ali47fish] 01/7/2020 15:05

i cant believe it wherte is everybody here u p 7pc as i write any commnet

[ali47fish] 26/5/2020 09:23

is this a godd time to add? and when the comp udates please

[masurenguy] 28/4/2020 10:16

Nice move up this morning on a minuscule trading volume of less than 20,000 shares.

[maddox] 17/4/2020 23:25

Hi Husbod, a nice feature of Advfn is that you can edit your past posts...

[husbod] 17/4/2020 11:48

Did should have read suspect - it was outside my field of vision on the phone.

[husbod] 17/4/2020 11:47

Cheers Maddox but I was actually being serious, to an extent.I like to think of myself as a contrarian investor in that, without being suicidal, I like to go against the accepted wisdom.I have made some very good returns in companies where the basic concept seems brilliant but where the actual minutiae is well beyond my understanding. My problem is timing which often means I buy too high and then have to average down before the market catches up.Most of us I sud have bought for short term gains only to find that one is forced into becoming a long term investor.

[maddox] 15/4/2020 10:29

Husbod, haha very good.

[husbod] 15/4/2020 08:51

Good stuff and only reinforces my fundamental trading strategy - always invest in a company you don't understand.An imperative imo for anyone who hasn't a clue about technology.In fact I bought this after it was highlighted in Share Mag in an article that appealed to the other arm of my investment strategy - gut feeling.Hey ho.

[maddox] 15/4/2020 08:35

Great complementary acquisition of:



That provides performance monitoring of the services that Beeks provides to Algo Traders - so looks like a good business fit.

Currently the firm is loss making but Beeks suggest that they were intending to develop similar services - so this gets them further faster. If they can also gain some cost synergies then it may not impact profits in the current fin year.

Making an acquisition in the current Covid-19 Crash climate is both opportunistic and a sign of confidence.

Regards, Maddox

[masurenguy] 15/4/2020 08:26

Interesting small, but synergetic, acquisition.

Acquisition of Velocimetrics and COVID-19 Update

Glasgow, 15 April, 2020 -- Beeks Financial Cloud Group is pleased to announce it has acquired the entire issued share capital of Velocimetrics Limited, a UK-based network monitoring and trade analytics software company, for a base consideration of £1.3m in cash and equity, plus contingent earn-out.

Acquisition Summary

-- Velocimetrics provides real time network monitoring and trade analytics software to a global client list of financial services businesses, including Tier 1 banks, exchanges, brokers, hedge funds and payments providers

-- Velocimetrics operates with a mix of license and recurring revenue through subscription and maintenance, reporting £1.16m of revenue, loss before tax of £(0.47m) and EBITDA loss of £(0.18m) for the year ended 30 June 2019

-- The Acquisition expands the Beeks' product offering into network automation and trading analytics, increasing the Group's competitive differentiation from generic cloud hosting and infrastructure providers and provides additional cross-sale opportunities across the expanded customer base

-- The Company has concurrently entered into a new debt facility with The Royal Bank of Scotland plc totalling £1.5m to fund the Acquisition and provide additional growth capital for the enlarged Group

Covid-19 Summary

-- Minimal impact on current trading from measures implemented due to COVID-19, with continued operational cash generation, increased Annualised Contracted Monthly Recurring Revenue ("ACMRR") and recurring revenues of c.95%

-- Continued growth in new business, however new customer implementations may be delayed

Gordon McArthur, CEO of Beeks Financial Cloud commented:"While the Group is focused on organic growth, we continue to assess strategic acquisitions that will complement our business model and expand our offering. The acquisition of Velocimetrics accelerates our product roadmap, providing us with the ability to offer our clients network monitoring and trade analytics, increasing our competitive differentiation while minimising anticipated product development spend for this functionality. We believe the Velocimetrics offering will have wide applicability across our institutional customer base.

We have experienced minimal impact on trading from the measures implemented due to the COVID-19 pandemic, however we continue to monitor the situation closely, with the health and well being of our staff in the UK and globally our priority. The Group benefits from approximately 95% recurring revenues, a strong balance sheet, resilient business model and growing new business pipeline, therefore while we are unlikely to be entirely unimpacted, we believe we are in a strong position to withstand the current challenges."

[masurenguy] 28/3/2020 15:34

Shareprice fairly stable over the past 3 weeks in the 75p/85p range on average daily trading volumes.

[masurenguy] 10/3/2020 11:01

Can't see any real downside for BKS from the CV epidemic other than a general slowdown in economic activity for a short period of time if, and when, further social restrictions are implemented.

[5chipper] 10/3/2020 09:06

Any known threats from covid/ oil price to bks business??

Increase trading from volatility + everyone self-quarantining could well be a boost!