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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Beeks Financial Cloud Group Plc | BKS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 9.00 | 3.08% | 301.00 | 16:19:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 292.00 | 292.00 | 303.00 | 301.00 | 292.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 08/03/2021 | Interim | GBP | 0.002 | 18/03/2021 | 19/03/2021 | 01/04/2021 |
| 15/09/2020 | Final | GBP | 0.0015 | 01/10/2020 | 02/10/2020 | 27/11/2020 |
| 02/03/2020 | Interim | GBP | 0.002 | 12/03/2020 | 13/03/2020 | 01/04/2020 |
| Top Posts |
|---|
Posted at 06/2/2025 10:24 by zho >>Very bullish comment from the fund manager in that vox interview. >>Indeed. I did raise my eyebrows when Stephen English said that he sees “no reason why Nasdaq won't be able to charge [their clients] $1m per month per cabinet ...”. We've been told that BKS are charging $250K per cabinet per year, c. $21K/month, so that would be a staggering mark up. |
Posted at 04/2/2025 14:56 by zho FM Stephen English on BKS from 55:15 at |
Posted at 27/1/2025 16:30 by felix1 Beeks competitor Options was looked at by Canaccord in Oct. Their view was that Atlas was losing share to BKS with slower growth & lower margins, though Options is much larger. However Options has to service $263m debt which has to be refinanced in 2025. So I feel BKS has a big advantage in the ExchCloud space as first mover, with references from JSE, ICE/NYSE & now Nasdaq, as well as a lower risk financial status. I believe the high degree of automation which BKS has developed is key in enabling exchanges to resell the solution. Options appear to be relaunching Atlas but are not highlighting an Exchange version of the product. |
Posted at 27/1/2025 16:10 by melody9999 Having worked in IT sales, we should not underestimate the assistance to BKS that being able to say 'the NASDAQ is one of our customers' will be in closing future deals. BKS salespeople must be rubbing their hands with glee...I can understand that NASDAQ might not want to say anything themselves...when you have a business edge do you really want to tell your competitors? Canaccord said this back in July 2024: FY25 "has started promisingly" with a record pipeline including advanced discussions with several major global exchanges, helped by the JSE providing strong references to potential customers. I bet Gordon will be trying to close out 1 or more of these deals shortly on the back of the NASDAQ news. |
Posted at 26/1/2025 22:09 by felix1 Nasdaq said in SEC filings they would submit their POD/ExchCloud pricing (which is regulated) in parallel with implementation. They haven't done that yet, so it might be embarrassing for them (or an issue with the regulator) for BKS to be saying it's now live. They could argue that BKS were under pressure to issue an RNS because this is price sensitive info, especially since BKS will have to say in the trading update what they expect the impact on results to be. Or BKS agreement with Nasdaq was that it wouldn't be announced until implemented so BKS were within their rights to RNS but don't want to cause Nasdaq problems. |
Posted at 25/1/2025 12:19 by ianhamo I'm thinking maybe conflicting interests between BKS and NASDAQ.Possible that BKS want to announce the NASDAQ ASAP. Ideally before the next TU. Then they can put out a stonker of an update.NASDAQ may have wanted to wait until they are ready to start onboarding customers at the end of Feb. |
Posted at 22/1/2025 12:48 by felix1 The price response to this news has been somewhat muted given it's implications, but I think that is because:- this was known to those who watch BKS - they haven't yet mentioned forecasts - BKS is not widely covered, so the news will take time to have full reach & impact. Logic would suggest that the price should break the 300p high reached recently, once this is fully digested by the market. Or following the early Feb trading update. It will be interesting to see their expectations for the long term value of the Nasdaq contract vs the £3-5m pa forecast for JSE, given that Nasdaq volumes are 40x JSE. They should have an early feel for the level of interest among Nasdaq members. |
Posted at 22/1/2025 09:52 by philly cheesesteak Great to see the NASDAQ deal formally announced and LIVE. A predictable response with an initial pop followed by a few penny pinching sellers, however I can't see more than 0.1% of the shareholder base wanting to part with their shares after such news!There has to be a significant chance that other exchanges now get FOMO, particularly with the continued praise coming from JSE. BKS is surely right at the top of any takeover list, in the last 12 months we've had WNWD & IQG taken private at multiples above where BKS currently trades. IQG was 15x exit ARR & 48x adj. EBITDA. WNWD was on the verge of becoming profitable. Certainly, if NASDAQ gets similar traction to the JSE, then given the vast disparity vs US valuations, this will be taken out at a very large premium. All to play for. |
Posted at 22/1/2025 07:27 by adorling There is no doubt Nasdaq will prove a “Company Maker” for BKS. The scalability of such a Contract Agreement (as we have seen with Johannesburg Exchange) and the power of Nasdaq selecting BKS Exchange Cloud will make BKS the de-facto product and standard for all major stock exchanges going forward. We also know that there are several other Contracts at an advanced stage. We have seen these Contracts take a long time to conclude as they are critical to the customer but this will also act as a big defensive moat to any future competitor to challenge given it would take several years to compete against BKS. |
Posted at 06/12/2024 12:32 by pireric Thanks, Felix. Always good to see a considered response-My counter points or questions I'd dig into would be; - true on those MAG7 names, but the discount rate you'd apply to BKS is clearly higher than most/all of the MAG7. BKS is not the most stratospheric valuation on the market. But if you put BKS against a peer like DigitalOcean or OVH or Iomart (bit less relevant) in the IaaS space then this actually looks quite expensive - how much is PaaS of revenue? 5-10%? - and against its peers, gross margins of 40% seem actually quite poor compared to peers more around 60%+. Suggests limited software revenue in the mix or actually rather more limited pricing power? Or are they loading cost lines differently? - I would argue the share based compensation is not minor. Last year it was 60% of underlying PBT if you expense it out, so you end up more than doubling the headline valuation of the company. Share based compensation is a real expense, absolutely no reason to adjust it out. The Mag7 generally expense this so the valuation gap actually becomes quite extortionate versus them and even more material on a FCF - SBC metric Eric |
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