Beeks Financial Cloud Share Discussion Threads

[ninedoors99] 04/6/2021 18:55

Big buys ( delayed from this morning ) or sells today I wonder...

[ninedoors99] 03/6/2021 16:45

Bit more action today and no selling...Paying £1.24 at the close Next leg up hopefully

[husbod] 02/6/2021 19:29

Considering all the buys that's a pretty pathetic share price rise. Big sell coming?

[masurenguy] 26/5/2021 07:53

Octopus late reporting an increase of 31% in their shareholding from 4.85% to 6.38%.

[ninedoors99] 28/4/2021 13:30

Next leg up coming :-))

[maddox] 17/4/2021 23:55

I'm more impressed by the sharp rise on lower volume, just surpassed the 52 week high and the all time high is in sight. There are few sellers and demand is strong. This is shaping up very nicely, any positive news that confirms the investment proposition will propel this into new ground.

[davr0s] 14/4/2021 19:08

Two days of increased volume and fast move higher in a row around 4pm. Assumed it had been tipped yesterday but it did the same again today. No idea what is behind it, but not complaining

[ninedoors99] 13/4/2021 21:08

:-) Looking forward to positive TU now...Fingers crossed

[husbod] 13/4/2021 20:57

Think we might possibly be right ninedoors

[ninedoors99] 09/4/2021 20:29

I agree Husbod. Can't understand people selling Should at least underpin the price.

[husbod] 09/4/2021 12:03

Obligation fulfilled - seems like a screaming buy to me given the success of the raising and the accompanying information about the company so no doubt the share price will tank!

[husbod] 07/4/2021 13:36

Almost feel obliged to top up. All very positive.

[ninedoors99] 07/4/2021 07:39

Blimey Well that was quick All Done and dusted All good. crack on now guys and triple the revenue and the value

[masurenguy] 07/4/2021 07:38

Very quick and positive fund raising result at 115p, only a 3.8% discount to the last closing price.

7 April 2021 - Beeks Financial Cloud Group is pleased to announce the successful completion of the Placing announced yesterday. The Company has raised total gross proceeds of approximately £5.0m at a price of 115p per Ordinary Share through the issuance of 4,347,827 New Ordinary Shares. In addition, the Vendor has sold 434,783 Sale Shares at the same Placing Price to raise gross sale proceeds of approximately £0.5m. Completion of the Placing is conditional, inter alia, upon the passing of the Resolutions by Shareholders to authorise the issue of the New Ordinary Shares at the General Meeting expected to be held on 23 April 2021. As part of the Secondary Placing, Canaccord Genuity placed the Sale Shares on behalf of the Vendor as follows:

Gordon McArthur
Pre-close holding: 27,475,193*. 53.63%
Share Sale: 434,783
Post Close Holding: 27,040,410*. 48.2%

*Includes 740,000 Ordinary Shares held by Gordon McArthur's wife, Claire McArthur.

The Placing and settlement

The New Ordinary Shares represent approximately 8.4% of the Existing Ordinary Shares of the Company, raising gross proceeds of approximately £5.0m for the Company. The Placing Price represents a discount of 3.8% to the closing price of 119.5p on 1 April 2021, being the last practicable date prior to the publication of the Placing Announcement.

Total voting rights

Following Admission, the Company will have a total of 56,051,149 Ordinary Shares in issue.

[ninedoors99] 06/4/2021 19:38

Would hope there is lots of interest here. They are doing this to support their growing sales pipeline abs further acquisitions. Gordon selling some of his shares is a positive to me as he currently has the majority. Let's hope the price isn't hit too much short term Fingers crossed 9

[masurenguy] 06/4/2021 18:58

Proposed placing

6 April 2021 - Beeks Financial Cloud Group today announces its intention to conduct a fundraising to raise gross proceeds of up to approximately £5m through a placing to new and existing institutional investors. In the event of suitable oversubscriptions, the Company has been notified by Gordon McArthur, Chief Executive Officer of the Company that he would sell up to approximately £2m worth of existing Ordinary Shares. Gordon McArthur is currently interested in 27,475,193* Ordinary Shares, representing approximately 53.14% of the current issued share capital of the Company.

The Placing will be conducted through an accelerated bookbuild, which will be launched immediately following this Announcement. The price at which the Placing Shares are to be placed and the number of New Ordinary Shares and Sale Shares will be determined at the close of the Bookbuild. A further announcement confirming the closing of the Bookbuild, the Placing Price and the number of Placing Shares to be issued or sold pursuant to the Placing is expected to be made in due course. The Placing is not being underwritten. Completion of the Placing is conditional, inter alia, upon the Placing Agreement not having been terminated and becoming unconditional and the passing of the Resolutions by Shareholders to authorise the issue of the New Ordinary Shares at the General Meeting expected to be held at 11:00a.m. on 23 April 2021. Canaccord Genuity Limited is acting as nominated adviser and sole bookrunner in connection with the Placing.

Expected Timetable of Principal Events

Date of this Announcement and Bookbuild commences: 6 April 2021
Announcement of the results of the Bookbuild: 7 April 2021
General Meeting: 23 April 2021
Date of dealings in the New Ordinary Shares on AIM: 26 April 2021

Background to and reasons for the New Share Placing

The Group continues to operate successfully in a demanding, time-sensitive industry and the Directors believe that Beeks is well positioned to take advantage of the rapid acceleration of Cloud deployment in financial services and the growing need for analytics around those infrastructure environments. These latency sensitive environments need to be built, connected and analysed and Beeks considers itself as one of the few companies in the world that can provide this. The proposed New Share Placing is intended to be used to accelerate the Company's growth strategy and capitalise on the significant market opportunity and solid sales pipeline. Funds will be used to provide additional infrastructure capacity and product development for the Beeks Private Cloud, the repayment of existing debt and for additional working capital, including to assess M&A opportunities.

Expected use of proceeds

The Company is seeking to raise up to approximately £5m (before expenses) from the New Share Placing to capitalise on the market opportunity and the Group's growth trajectory. Specifically, the net proceeds of the New Share Placing are expected to be utilised as follows: Approximately £3m for investment to support the launch of the Beeks Private Cloud offering, approximately £1m for the repayment of the Group's RCF facility and up to approximately £1m for additional working capital, including for the evaluation of M&A opportunities.

[ali47fish] 06/4/2021 17:55

no one have noticed the placvement annouced to day?

[davidosh] 27/3/2021 15:47

Just to mention that Beeks will be one of six companies featured in the March results round up in the MelloMonday show in two days time. It will be a really packed five hour show but here are the timings....


Programme for the evening

5.00 pm Introduction to our Mello Roadshow
5.05 pm Alun @MrContrarian reviews the Mello BASH companies
5.10 pm Company presentation by Judges Scientific
5.40 pm How to join corporate fundraisings with Primary Bid
6.00 pm Company presentation by Filta Group
6.30 pm Leon Boros interviews Peter Harrison from Bioventix
7.00 pm Company presentation by Digital Box
7.30 pm A March results round up with Paul Scott, Gordon @glasshalfull & Alan Charlton
8.00 pm Company presentation by Get Busy
8.30 pm Mello BASH with Alan Charlton, Alex Schlich, Richard Crow (@RebelHQ) and Kevin Taylor


If you have not been before the webpage is here Do use this code for a half price ticket MMTADVFN50

[maddox] 18/3/2021 12:40

Whilst 2020 has been problematic for BKS due to Covid the firm is looking very well set for the future. It's been a year of significant investment, but also one that has shown that their strategy is sound and BKS have executed it successfully despite Covid.

The reported nine directly engaged Tier One clients augers well, if they are able to 'land and expand', as they have with the first T1? This could generate an acceleration of revenue and beat current forecasts.

On top of this we have yet to see Beeks Analytics make a contribution and also have the mysterious new proposition yet to be revealed. The share price is a little bit 'toppy' reflecting optimism on the future prospects but could be seen a bargain if everything pans out as planned.

Regards Maddox

[ninedoors99] 17/3/2021 20:26

Very similar story to me...Have bought sold, bought back and sold a few along the way. Currently holding a Fair few still. It did jump to 1.40 overnight a 2019 or so and has never returned as of yet...I wonder if Gordon's majority share holding is helping or hindering ? We need the tier 1 customers' revenue to be significant and to kick in for H2. Fingers crossed 9

[masurenguy] 17/3/2021 09:39

This is a long term hold - I first bought here @48.7p in January 2018 and have added since. My average cost is now 61.6p so I'm almost 100% up at this time. The shareprice reflects the forward potential, their existing moat and the strong probability that they will be acquired at a premium by some financial institution in due course.

[ygor705] 17/3/2021 09:04

Still like Beeks but the recent results were hardly inspiring. Yet another case of jam tomorrow. Not enough here to attract me back in at this level.

[ninedoors99] 08/3/2021 20:21

Yep. Divi policy is a little strange but fairly insignificant cash. Keep waiting for the blockbuster significantly over expectations....Slow burn this, market thought it was ok clearly. Need these tier 1 customer revenues to very significant over the next 6 months and it might kick on finally. I'm a little too Attached to this share as it is, hope something exciting happens soon enough.

[energeticbacker] 08/3/2021 11:40

Investor’s Champion comment:

We find it tough to understand Beeks’ positioning in the market and the payment of a dividend looks all the more bizarre for a company which is not generating free cash flow and is also using cash to make acquisitions on top of internal investment. This means that any dividend is effectively being paid out of debt, which looks very strange to us for a small company which needs to its cash to support growth!