Beeks Financial Cloud Share Discussion Threads

[petewy] 07/1/2023 12:27

Me too. Long....

[masurenguy] 07/1/2023 08:22

Good post Maddox - completely agree!

[maddox] 06/1/2023 18:31

I wouldn't be concerned about the share price drifting in the absence of any news - they have recently introduced two significant product lines and probably have more than enough to keep them busy. I'm hoping that the focus is maintained (as has been to date) on quality of execution - rather than expanding too quickly and fluffing the share price with RNS'. BKS wouldn't have landed a partnership with the NYSE without excellent quality of service.

I'm also not reading anything into the Gordon McArthur's disposal - with 37.59% of BKS he has plenty of skin in the game. The sale was alongside the fundraise of £15m at 165p that was reported to be 'significantly oversubscribed.' So, well timed - selling into demand, and locked-in from further sales for 12 months.

With a relatively small free float the share price will be volatile - and IMHO this is a great opportunity to get in at prices >15% below the last raise, following highly positive news and results.

[fegger] 03/1/2023 16:36

No I meant we should have followed then. Good signal.

[masurenguy] 03/1/2023 16:31

That was just 6.5% of his holding and took place with the fundraising in April. He still retains 24.5m shares and remains the largest shareholder in the company. However, you go ahead and sell your shares if you have any!

[fegger] 03/1/2023 16:18

Seems we should follow Directors on this. Gordon Mcarthur sold 1696970 shares at 1.65 Total £2.8 million in April 2022. No directors have bought shares since that.

[masurenguy] 03/1/2023 16:09

Shareprice is down by almost 40% from the ATH last April and is also at a 21 month low. Its also 27% below the oversubscribed fund raising last April. No discernable reason for this decline since the business continues to expand and the profitability continues to increase. AIM stocks have generally been hit by 30% - 40% falls over the past year and although the Beeks valuation remains rather rich, it still has a strong business model surrounded by a good moat. Looks like this could be a good point to add or for new investors to climb aboard.

[petewy] 03/11/2022 09:23

Agreed Measure see LOAD

[masurenguy] 02/11/2022 18:52

That is not really an objective view. All investment in stocks is gambling to a certain extent since sentiment remains such a key factor. Like many others, he has his ups and his downs but he is a good analyst whose views are certainly worth consideration.

[saltraider] 02/11/2022 17:43

"Paul Scott quite likes Beeks."

Given his recent track record, I'd prefer it if Paul Scott's opinion was that Beeks is uninvestable!

[masurenguy] 02/11/2022 16:46

Paul Scott quite likes Beeks.

[masurenguy] 24/10/2022 15:53

Artemis invest a further £1m and increase their shareholding by 32%.

[grahamhacker] 10/10/2022 09:40

Sadly net profit came in slightly below expectations + a warning that contracts take time. Still a good investment but they are in the big boys market and contract decisions for this type of software and associated cloud environments takes considerable time, but once won are long term & high quality!

[johndoe23] 10/10/2022 08:21

And the share price drops!

[masurenguy] 10/10/2022 07:15

Great set of results and two significant contract wins!

Final Results for the year ended 30 June 2022

Beeks Financial Cloud Group is pleased to announce its final results for the year ended 30 June 2022.

Financial highlights

-- Revenues(1) increased 57% to £18.29m (2021: £11.62m)
-- Annual Committed Monthly Recurring Revenue (ACMRR) up 40% to £19.3m (2021: £13.8m)
-- Gross profit up 49% to £7.94m (2021: £5.33m)
-- Underlying(2) EBITDA increased 52% to £6.31m (2021: £4.14m)
-- Underlying profit before tax(3) increased 28% to £2.06m (2021: £1.61m)
-- Underlying diluted EPS(4) 4.19p (2021: 2.99p)
-- Net cash as at 30 June 2022 of £7.86m (30 June 2021: Net cash £1.89m)

Outlook

-- While cognisant of the ongoing pressures of the macroeconomic environment, the size of the sales pipeline and expanded product offering provides the Board with confidence in the prospects for Beeks

-- We have the potential for considerable additional growth given the size of the sales pipeline, however these types of discussions will take time to flow through into contracts and revenues

-- As separately announced today, the Group has secured two 3-year contracts via a partner with aggregate TCV of $2m, further underpinning our FY23 expectations

Gordon McArthur, CEO of Beeks Financial Cloud commented: "Beeks is now recognised as an established technology provider to financial markets, with a track record and compelling reference clients, providing us with a strong foundation to drive our business forward. The majority of financial services organisations around the world are exploring how to utilise the power of the cloud to support their ambitions. This presents us with a considerable opportunity and through our Private Cloud, Proximity Cloud and Exchange Cloud, we have the offering to address it. We will continue to invest into the development of our offering and increased sales and marketing activities to capitalise on our early successes in this significant market. We have a considerable and growing pipeline and look to the future with confidence."

[masurenguy] 07/10/2022 15:49

Beeks will publish their final results for the year ended 30 June 2022 on Monday 10 October followed by a live investor presentation via the Investor Meet Company platform on Thursday 13 October at 13.00.

Worth remembering the y/e trading update that was issued almost 4 weeks ago.
"Beeks has delivered a record trading performance in the year, delivering growth on the prior year and in line with upwardly revised market expectations. The Group has exited the year with Annualised Committed Monthly Recurring Revenue of over £19.3m, growth of 40% on the prior year, providing a strong basis for further growth in FY23. "The success of Proximity Cloud and Exchange Cloud have contributed to a fantastic trading performance in FY22 and we enter the new year with a record sales pipeline and confidence in our ability to continue to capitalise on the significant opportunity ahead." Gordon McArthur, 12 September 2022

[masurenguy] 27/9/2022 16:35

Ben Rogoff, the manager of Polar Capital Technology, says that “technology is still the story of the decade and has driven earnings growth both in its own and other industries. For example, it is hard to solve the climate challenge without technology.” Consultants Gartner expect IT spending to have increased by 3% this year to $4.5trn, with growth skewed to artificial intelligence, security and cloud computing. Rogoff expects revenues and earnings growth in the IT sector of 11%, noting that sector weakness is entirely the result of a sector de-rating to multiples “in the low 20s. We didn’t expect the scale of the pullback.” MoneyWeek

[masurenguy] 25/9/2022 08:18

Some good advice from AJ Bell which could apply to Beeks as a long term hold. DYOR.

"An economic downturn is difficult for all businesses, but can be particularly challenging for smaller firms. Coupled with the fact that the average UK smaller companies fund has dropped by over 20% this year already, investing in such businesses may seem counterintuitive. However, AJ Bell argues that those price drops present investors with the opportunity to build a decent position in a more affordable way. Should those businesses grow in the years ahead, then you will have got in at a cheap level."

[johndoe23] 14/9/2022 09:52

Recovering now typical panic selling

[masurenguy] 14/9/2022 09:15

Yeah - this mornings drop based upon only circa 26,000 shares traded in the first hour.

[johndoe23] 14/9/2022 09:09

Tough market!

[pauliewonder] 13/9/2022 12:51

Good support today building on the back of strong results. Onwards and upwards for Beeks

[masurenguy] 12/9/2022 11:26

Beeks has always been a takeover target. It really depends upon who has them in view and when Gordon McArthur is ready to make a move in this direction.

[freemo7] 12/9/2022 10:18

The exclusivity deal makes me think are we a takeover target? If the product is that good…..