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BKS Beeks Financial Cloud Group Plc

255.00
1.00 (0.39%)
13 Sep 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Beeks Financial Cloud Group Plc BKS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.00 0.39% 255.00 14:41:46
Open Price Low Price High Price Close Price Previous Close
254.00 254.00 257.00 255.00 254.00
more quote information »
Industry Sector
SOFTWARE & COMPUTER SERVICES

Beeks Financial Cloud BKS Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
08/03/2021InterimGBP0.00218/03/202119/03/202101/04/2021
15/09/2020FinalGBP0.001501/10/202002/10/202027/11/2020
02/03/2020InterimGBP0.00212/03/202013/03/202001/04/2020
05/09/2019FinalGBP0.001526/09/201927/09/201931/10/2019

Top Dividend Posts

Top Posts
Posted at 09/9/2024 13:17 by charliec51
With the NASDAQ contract in play one wonders if there is a temptation, or indeed pressure on, for BKS to list on the exchange.
Posted at 22/8/2024 16:08 by muckshifter
In my share transactions on several northern European stock exchanges there has been mention of Nasdaq as the apparent exchange owner, and checking on google this morning it appears that Nasdaq own at least seven such exchanges. Was there any indication in the announcement that the BKS work included these exchanges or just New York? If it included the nordic exchanges presumably it would make the contract substantially bigger, but extend the installation programme, if not, presumably there is a good chance that it will become a follow on contract.
Posted at 21/8/2024 13:54 by hatfullofsky
It's very simple, the document is legit. Banks have to submit a regulatory request to the SEC, those requests are publicly available (and have been found).NASDAQ can have an NDA with BKS preventing BKS naming the exchange but the can't have an NDA with the SEC.Therefore the regulatory request is a public document and freely available (if you have the inclination to search for it)
Posted at 20/8/2024 16:06 by hatfullofsky
The potential is huge, clients connect to exchanges for various reasons, short term to test models, longer term to implement those models and trading strategies. All this takes time (especially for a new client), hardware, connectivity, validation, DR etc, this is costly and time consuming. BKS offer a cloud option with easy access, scalability and now resilience (which means end clients are adopting the BKS solution into their core processes).

If you know the Kano Model, Delighters (such as BKS, offering a new, innovative and better service) over time become standard features.

Members (clients) of one exchange are more than likely members of multiple exchanges (paying multiple fees) if they have a better service from one they will request (demand) the same service level from the other exchanges. So the growth for BKS could be exponential.

If all goes well I believe the trade sale will be at Unicorn levels, £1bn+ share price 1650p within 5 years.

Above £150m will get institutional investors interested, I think we'll see a little more of that now
Posted at 20/8/2024 15:18 by philly cheesesteak
Maddox, you have to do a bit of modelling work to start to understand why the last 6 months have been such a tipping point & why based on available info shares still look very good value.

Start with the last 4 sets of annual results. Note 3/4 which reconciles operating profit is particularly useful as it allows a private investor to strip out depreciation & amortisation and start to model what the next few years could look like if, as expected, those expenses plateau whilst revenue continues to expand.

Underlying gross margins here have averaged around 68% over the last 4 years, however they have been obfuscated by increased D&A, especially the last 2 years as they invested ahead of exchange cloud growth.

If we input £50m topline for FY27 and remove the 32% underlying COGS then we have an underlying gross margin of £34m. In H124 D&A totalled £3.2m, let's prudently assume this hits £9m by FY27. That leaves £25m to cover staff costs & other admin expenses, in FY23 this cost centre was £9.9m.

The point is it isn't a stretch to see 2-3 year PBT in the region of £10-15m, and that would just be the bull case based on NASDAQ adoption following a similar pattern to JSE.

If we get the ASX, TSX, Hong Kong & Singapore exchanges following the JSE & NASDAQ then top line could go well beyond £50m.

AIM / LSE participants seem obsessed with price anchoring & looking backwards, where could BKS get to in 5 years time? That's what the share price & market cap should reflect.
Posted at 19/8/2024 13:16 by masurenguy
When the "further announcement" is made by BKS and "the Exchange", formally revealing that it is NASDAQ, then this should create some media coverage which will bring Beeks onto many more peoples radar. Given that BKS is also engaged in "advance discussions" with other major Exchanges around the world this should heighten some further interest in the forward potential for the shareprice.

"Following receipt of regulatory clearance, the deployment of services and recognition of revenue has commenced. A further announcement will be made by both the Company and the Exchange when the full platform is available for customer deployments in due course. This deal marks the third international exchange to sign up to Exchange Cloud, Beeks' multi-home, fully configured and pre-installed physical trading environment fully optimised for global exchanges to offer cloud solutions to their end users. With a proven ability to secure contracts with the world's largest exchanges, Beeks remains highly confident in fulfilling the product's transformational potential. The Exchange Cloud pipeline continues to build, with advanced discussions taking place with other major Exchanges across the globe." extract from 14 August RNS statement.
Posted at 19/8/2024 09:01 by philly cheesesteak
I always think it's easy to assume that most market participants on AIM small caps read bulletin boards, and would therefore be aware of the NASDAQ document that circulated last week, confirming they were the customer. However, the reality is that only applies if you were already interested in Beeks & happened to be switched on mid August.

For many would be shareholders, this is the type of contract that gets them interested in a new company. And with good reason too. It's transformational to the future prospects of BKS, and therefore the potential future value of the company. NASDAQ could quite literally partner with anyone in the world, its a massive vote of confidence for a £160m market cap & confirms BKS competitive position is second to none.

The share price is now in price discovery mode and has hit another all time high this morning. Once the partnership is officially unveiled in the coming weeks / months, I think we'll be trading substantially higher.
Posted at 16/8/2024 22:08 by philly cheesesteak
Worth relistening to this interview with Paul Scott from a few months back

https ://shows.acast.com/paulscottsmallcaps/episodes/beeks-financial-cloud-bks-paul-scott-interviews-ceofounder-g

24 mins in they discuss exit valuations etc, the CEO states that US PE buyers value companies like BKS at 18-20x EBITDA, they do so because they know that a business growing at 30% PA is going to make a price like that look cheap in 5 years time.

Current FY25 EBITDA forecast is for £14.3m, then £16.2m for FY26. Remember though, that these numbers don't include anything for the NASDAQ deal as they didn't want to front run the regulatory approval process.

Either way, at 18-20x next years EBITDA we get a market cap of £260-280m, which is £4-4.25 a share. At 11x right now, shares are still cheap.

And imagine what a boon the NASDAQ win will be for accelerating the deal pipeline. I think BKS could rapidly move past £50m turnover / £20m EBITDA in the next couple of years and get closer to whatever number the CEO has in his head for an exit.

I do think £500m - £1b is achievable when you consider the moat they have built & the economies of scale they should enjoy over the coming years.
Posted at 14/8/2024 13:16 by hatfullofsky
Faz - PEG is a much better indicator for companies such as BKS. I also compare ARR to MCAP anything below 5 is good value (US valuing at 10x), BKS was around 5KOO is 1.7 xLittle tip there
Posted at 16/7/2024 13:48 by hatfullofsky
BKS should be measured on its high quality ARR which should now be around £30m - a 10x valuation on ARR is more than achievable. Therefore a £300m valuation has an share price of 476p, it will take a while but that's my base valuation the upside over 5 years is where the real value will out I think McAthur wants BKS to be a unicorn.

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