Beeks Financial Cloud Share Discussion Threads

[hatfullofsky] 22/11/2024 12:07

Material growth in sales pipeline for Exchange Cloud, with several major international exchanges entering the final stages of contracting, and others at earlier points in the sales funnelHopefully we see some news on these shortly, budgets should now be approved so I expect we could get news in Q1

[zho] 19/11/2024 11:13

>>Furthermore with Beeks on a world tour of marketing events (currently at the World Fed of Exchanges conference) ...>>

Well spotted.

"Over the next week, Beeks Group is taking part in key industry events across Singapore, Chicago, and Kuala Lumpur to explore the rapidly evolving demands on #FinancialMarket infrastructure ..."

[felix1] 19/11/2024 11:08

Good question. Nasdaq has been an open secret for some time and has already lifted the share price. But Beeks were clear that it wasn't in their public forecasts so there should be a FY25 Beeks and broker upgrade when formally announced. But I think the bigger impact will be in Beeks's profile among investors. Beeks is not widely covered & volumes suggest mainly a PI trade. This is a big story for a small AIM stock. Furthermore with Beeks on a world tour of marketing events (currently at the World Fed of Exchanges conference), announcing Nasdaq alongside JSE gives them unique credibility across the full spectrum of exchanges. The business case for smaller exchanges is particularly strong and they are able to move more quickly than the big exchanges. .

[ianhamo] 19/11/2024 09:20

When the NASDAQ is announced there should be a broker note. Hopefully there will be a further upgrade to the target SP, which was recently upgraded to 335p from 260p.

[masurenguy] 19/11/2024 08:19

I really cannot understand what you comprehension problem is. The NASDAQ deal with BKS has not formally been announced yet.

[route1] 19/11/2024 08:17

Whether or not the Nasdaq deal has been announced, as currently it does not seem to be reflected in the share price.

[masurenguy] 19/11/2024 07:53

What are you confused about ??

[route1] 19/11/2024 07:43

I am confused by your comment, any chance that you could clarify it?

[masurenguy] 19/11/2024 07:09

We will have to wait and see whether the NASDAQ deal is already mostly in the shareprice or if there is a new buying surge once the deal has been publicly announced.

[spwh100] 18/11/2024 19:55

Yeah that was a nice bounce and surprise

[hatfullofsky] 18/11/2024 12:05

Nice bounce, MM's have offloaded Gordon's 300k and no new sellers or news incoming ?

[masurenguy] 14/11/2024 07:14

PDMR Shareholding

On 13 November 2024, Gordon McArthur, CEO, sold 300,000 shares at 259.741p. These PDMR dealing was undertaken for personal reasons. Mr. McArthur retains a substantial shareholding of 21,353,440 Ordinary Shares, representing 32.0% of the total enlarged issued share capital of the Company.

[ianhamo] 13/11/2024 16:59

Two trades after hours, 300k & 115k.

[carlfg07] 13/11/2024 15:52

Just to reiterate what was said 7 Oct on Full results - to support what Felix is confirming

7 October 2024 - Material growth in sales pipeline for Exchange Cloud, with several major international exchanges entering the final stages of contracting, and others at earlier points in the sales funnel.

Gordon McArthur, CEO of Beeks, commented: "This has been another year of strong trading with double-digit growth across the board. Demand for our product is stronger than ever, fuelling a regular flow of new contract wins and extensions that offer long-term, recurring revenues. The expansion of our customer base is a testament to the value of our offering becoming increasingly recognised by the market and has resulted in a record sales pipeline. Exchange Cloud continues to offer the most exciting opportunity with a pipeline comprising of some of the world's largest exchanges."

The last publicly announced forecast was from the in-house broker Canaccord who made it clear the "Exchange" = Nasdaq figures were not included in the forecasts.

The key is several - "several major international exchanges entering the final stages of contracting" - According to my dictionary, several is "more than 2" :) It's just a little frustrating the time it takes to close these bigger deals including Proximity/Exchange cloud due to the conservative/careful nature of Financial Institutions involved.

Been following this stock for 8 years and found everything Duncan MsArthur says as correct, but always with a cautious tone. The above quote from him is the most upbeat ever!!

[ianhamo] 13/11/2024 15:42

Anyone understand how/why so many mid price trades?

[felix1] 12/11/2024 15:49

I don't think there's any doubt that Nasdaq revenue will be in FY25. Beeks have said before that with Exchange Cloud some revenue is recognised when it is implemented. It doesn't have to wait for exchange users to sign up (though that may bring incremental revenue). So the forecast update should come with the announcement of Nasdaq. What is more significant to me though are the other exchanges. G McArthur said that after JSE they now think the emerging markets exchanges could be as valuable as the top 10. Because of difficulties with logistics, staff etc in those countries even the big banks want to use Beeks in emerging markets. Another exchange could also add to this year's numbers.

[felix1] 12/11/2024 15:36

I agree that Nasdaq will have to file POD fees with the SEC as they have recently done for new cabinet options in NY11-4. So the 21 day comment period or more so the 30 day implementation notice period implies that delay to Nasdaq launch of POD.But that may not delay Beeks announcement. Beeks said it would be announced "when implemented". Was that a deliberate choice of words rather than "when launched". My view was that as Beeks kit was almost certainly going into NY11-4 then implementation wouldn't complete until NY11-4 was open at least. I suspect the Nasdaq POD SEC filing has been delayed because of a focus on NY11-4 and other price changes, not because of it was waiting for Beeks implementation.

[hatfullofsky] 12/11/2024 15:08

Very strange price action recently

[adorling] 12/11/2024 13:08

Time to add to my holding on this pullback….

[ianhamo] 12/11/2024 12:36

Well I'm no expert, I was just asking the question. No need to be so curt.

[74tom] 12/11/2024 12:34

Did you even read those filings before posting them?

The first one (row 2)

"a. Purpose
The purpose of the proposed rule change is to amend the Exchange’s fees relating
to connectivity and co-location services.3 Specifically, the Exchange proposes a onetime adjustment to raise its fees for connectivity and co-location services in General 8, fees assessed for remote multi-cast ITCH (“MITCH”) Wave Ports in Equity 7, Section 115, and certain fees related to Nasdaq Testing Facilities in Equity 7, Section 130 by 10%, with certain exceptions."

The second one (row 11)

"The Exchange proposes to expand its co-location services by offering new
cabinet, power, and power distribution unit options in the Exchange’s expanded data center.3"

This is all about the new data centre referenced by felix.

Pretty safe to say that a filing about POD will specifically reference POD...

[ianhamo] 12/11/2024 10:59

Also row 11. Which has been approved

[ianhamo] 12/11/2024 10:53

Is this the SEC filing? Lodged 8.11.24https://listingcenter.nasdaq.com/rulebook/nasdaq/rulefilings2nd row