Beeks Financial Cloud Share Discussion Threads

[hatfullofsky] 15/2/2024 23:08

Do some research and tell us, please

[sunshine today] 12/2/2024 11:55

Whats the profit forecasts for the next two years please.

[masurenguy] 12/2/2024 09:50

Hit a 2 year high this morning ! 😊

[masurenguy] 11/2/2024 14:36

Cheers petewy 👍

[masurenguy] 11/2/2024 13:37

petewy - please remove your above post #407. I have provided a shorter link to the same article since your long link disrupts the format of the thread.

[ali47fish] 11/2/2024 13:14

long winded as always with this analyst but the message is positive

[petewy] 11/2/2024 12:26

Sorry Measure..

[hatfullofsky] 07/2/2024 09:52

Not much of a pull back today which bodes well

[hatfullofsky] 06/2/2024 20:34

Not when knowing the FY25 results will be significantly ahead.

[philly cheesesteak] 06/2/2024 16:17

Worth listening to the October investor meet company call again. One question asks what a large exchange deal looks like, the answer was around $50m over 4 years. This was based on the top 5 exchanges each having around 800 customer racks in their data centres, of which 200-300 might be available to BKS. If they got 20% of that then it would equal $50m. Today's deal is with "one of the largest exchange groups globally", does that mean one of the top 5?

Gordon goes into detail about how long the due diligence process has been for the second client after Johannesburg, and that the deal size would be much larger than that deal, which sounds like it may end up in the middle of their £5-20m estimated size.

$12.5m incremental revenue per annum on top of the £39.6m Cannacord forecast would certainly move the needle.

[ali47fish] 06/2/2024 13:51

well that waht i am looking for becaue iwasnt clever toadd mor than tha amount i paid

[ali47fish] 06/2/2024 13:02

74 cany ou translate this into plain english please

[74tom] 06/2/2024 12:58

There is a huge gap on the chart now down to the 108p close last night, from my experience such gaps in downtrending stocks normally get filled, or at least close to filled. Let's see what happens, but the MM's will be keen to squeeze as many shares out as possible IMO.

[husbod] 06/2/2024 11:52

Agreed and thanks for those figure. Sort of proves the case. I'd report it to the FCA if I had any faith in them pursuing it.As to your last paragraph I hope a lot of them take profits so that us long termers can accumulate a few more at a lower price.The thing that troubles me is that could this be a classic British small company with a world beating product that is taken out by some foreign company before it reaches anything close to its full potential?

[74tom] 06/2/2024 11:11

Yes the volume increase in the days before this announcement isn't pleasant to look at.

In the 3 trading days from 31st Jan, volume was 2,477,020 shares

In the 60 trading days before that it was 2,968,394 shares.

In fact, the 3 day volume prior to today was greater than the cumulative monthly volume for any month since June 2022.

I suspect we'll see a couple of weeks of consolidation as 'sophisticated' pre news buyers take profits ;)

[elsa7878] 06/2/2024 09:43

"A lot of insider trading yesterday imo."

Look at those 3 x 25K buys y'day in swift succession in the 8.20's am.

A passive holder so happy though definitely a leaky ship. (Need to tighten up as it doesn't look good).

[husbod] 06/2/2024 09:40

If you look at the timing of that deal, it was reported hours after it was made, it was probably a buy and accounted for much of yesterday's rise.A lot of insider trading yesterday imo.

[maddox] 06/2/2024 09:35

"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient." Warren Buffett

[masurenguy] 06/2/2024 09:00

Buys @150p now. Whoever sold 455,069 @97.48p yesterday must be kicking themselves !

[philly cheesesteak] 06/2/2024 08:45

8.3p, however that doesn't include the major exchange cloud deal, so potentially >10p with that added? I'll be very surprised if this doesn't hit £2 in the coming weeks.

[masurenguy] 06/2/2024 08:42

On a 40% rise in the first 40 minutes of trading, we've hit a one year high virtually overnight !
😊

[valustar1] 06/2/2024 08:41

Does it give a new EPS

[philly cheesesteak] 06/2/2024 08:16

One of the best small cap RNS's I've read in a long, long time. Cannacord now forecasting FY25 revenues of £39.6m and that doesn't include the exchange cloud win announced today...That is fairly amazing top line growth from the £11.6m reported in FY21. Sub £100m market cap looks like an absolute gift IMO.

[hatfullofsky] 06/2/2024 07:57

Fantastic news, this could be the start of a fantastic journey. Revenue's are so sticky.

"signing of a conditional contract with one of the largest exchange groups globally"

[masurenguy] 06/2/2024 07:09

Looks like there were some leaks yesterday ! 🙂

Proximity Cloud Contract Win, Exchange Cloud Win and Trading Update

FY25 now expected to be significantly ahead of expectations

06 February 2024 - Beeks Financial Cloud Group plc is pleased to announce the signing of a multi-million-dollar, multi-year expansion contract for its Proximity Cloud offering, a new win with its Exchange Cloud Offering, and provide an update on a period of continued positive trading momentum in the six months to 31 December 2023 (H1 FY24). Having won a number of competitive tenders in H1 FY24, the Company now expects trading in FY25 to be significantly ahead of previous Board expectations for FY25.

$2.3m Proximity Cloud expansion contract

Following the successful deployment of an initial contract with a Tier 1 investment manager, signed in November 2023 for Proximity Cloud, Beeks' fully configured and pre-installed physical trading environment, a new contract has been awarded for additional locations. The latest win more than doubles the initial contract's value to $3.6m in aggregate over a four year period. The Company anticipates considerable further expansion with the customer, with only approximately 30% of the customer's trading infrastructure currently migrating to Proximity Cloud, demonstrating the strong growth potential for the offering.

Exchange Cloud win with one of the largest exchange groups globally

The Company is also delighted to announce the signing of a conditional contract with one of the largest exchange groups globally (the "Exchange") for its Exchange Cloud offering, a multi-home, fully configured and pre-installed physical trading environment fully optimised for global exchanges to offer cloud solutions to their end users. The deal marks the initial phase of an intended multi-year partnership between Beeks and the Exchange, and completion of the contract is subject to regulatory approval, following which deployment of services and recognition of revenue will commence. This is the third major international exchange to sign up to the Exchange Cloud offering, demonstrating the significant potential for the offering. Beeks continues to see a building pipeline of opportunities across its Exchange Cloud offering.

Trading Update: FY24 in line and FY25 significantly ahead of expectations

Trading in H1 FY24 has been in line with Board expectations, with revenue growth of over 25% versus H1 FY23, combined with improved margins. In line with strategy, Beeks has achieved a positive free cash flow position in the period, with unaudited net cash increasing to £5.5m at 31 December 2023 (June 2023 net cash of £4.4m). The Board continues to be confident in achieving results for FY24 in line with its expectations. Having won a number of competitive tenders in recent months for projects commencing in the upcoming reporting period and excluding any contribution from the conditional Exchange Cloud contract, the Company now expects trading in FY25 to be significantly ahead of previous Board expectations. The Company expects to release its Interim Results for the six months ended 31 December 2023 in early March 2024.

Gordon McArthur, CEO of Beeks Financial Cloud commented: "We continue to progress with the execution of our land and expand strategy, quickly demonstrating the value of our offerings, as evidenced by the significant Proximity Cloud expansion contract announced this morning and the winning of a third major global exchange customer for our Exchange Cloud offering. We see considerable expansion potential across our customers, as they migrate increasing proportions of their trading infrastructure to the cloud. The delivery of free cash flow was a key objective for the current year and we are pleased to have achieved that to plan, as we capitalise on the investments we have made into the expansion of our product offering. Our growing contract momentum demonstrates the considerable appetite we see across the financial markets, and we now anticipate FY25 will be significantly ahead of our previous expectations."