Beeks Financial Cloud Share Discussion Threads

[sspurt] 04/5/2018 13:59

Jombaston - got to be one of the most compelling investment cases I have heard for a while. To answer your question no I don't think you are missing something numbers wise. I think they will have no option but to get into equity markets before too long which will ramp their cost base but that aside this is a great story.

[jombaston] 04/5/2018 12:33

I only got round to buying this today after meeting Gordon McArthur at Mello. Apart from understanding what Beeks do, which you can see in the presentation, it is important to understand that the financials don't reflect where Beeks have already got to.

If you were to look at Stockopedia you might think they were loss-making. However, 2017 includes IPO costs as will 2018 (to a lesser extent). The revenue run rate was already at £6m by the end of December and is on target to be £7.2m by end-June and £8.4m by the end of this calendar year if the growth rate continues. The run rate is relevant because 95% of revenue is recurring.

As for profits I believe the 2018E for EBITDA is £1.8m but would be up to a run-rate of £2.2-2.4m by June and I'm not sure for year-end but operational leverage should be kicking in quite nicely as the business scales up.

Am i missing something? This still looks good value versus the potential growth.

Please DYOR and check my numbers - I don't have the Cenkos report and I am new to this company.

[cheshire man] 03/5/2018 10:05

Joined you here .... looking at a very bright future indeed for BKS

[tomps2] 03/5/2018 08:03

Beeks Financial Cloud (BKS) presentation at Mello Derby 2018

By Gordon McArthur, CEO



What Beeks does - 00:25
Beeks’s USP - 02:30
Who use Beeks & background? - 03:50
Beeks’s clients - 05:50
The cloud landscape - 08:28
Service offering - 10:47
Why is low latency important? - 12:25
What problems does Beeks Cloud solve? - 14:47
Competition - 21:48
The business model - 23:43
Strategy - 25:20
H1 results – 25:55
Q&A – 27:12

[sharesoc] 30/4/2018 12:04

The Beeks Financial Cloud presentation and stockopedia report from our seminar in London on the 18th April can be found in our members area here:

[glasshalfull] 26/4/2018 21:39

I’ll second that. Gordon McArthur, CEO, very impressive at Mello 2018 in Derby.

Room packed...no seats or standing room, with a number of investors lining the corridor to hear. Tweeted photo.

Importantly spoke to a number of investors that now have a better understanding of the service Beeks provide...reflected in the afternoon share buying IMHO.

Kind regards
GHF

[glaws2] 26/4/2018 19:16

Bert impressive presentation at Mello

[greenroom78] 17/4/2018 06:35

RNS not showing on ADVFN...

Glasgow, [April 17], 2018 -- Beeks Financial Cloud Group Plc, a cloud computing and connectivity provider for financial markets, is pleased to announce entry into the Equities automated trading market by adding connectivity to IEX, the New York based U.S. stock exchange.



Beeks is now an approved extranet service provider for the Exchange's market data. Connectivity within the NY4 datacentre will allow Beeks' clients to source and trade U.S. Equities data, meaning Beeks can now supply Infrastructure as a Service (IaaS) and connectivity in all three of the key financial asset classes: forex, futures and equities.



Founded in 2012, IEX introduced its first trading venue in 2013 and launched as a U.S. stock exchange in 2016. IEX does not charge for market data or connectivity.



Gordon McArthur, CEO of Beeks Financial Cloud, commented, "Having established Beeks as a leading Infrastructure-as-a-service and connectivity provider to the Financial Markets, we are delighted to now be able to expand into the equities market through this agreement with IEX. The equities market represents a significant growth opportunity for Beeks and builds on our recent entry into Fixed Income and cryptocurrencies. We will continue to seek ways to expand our offering and better facilitate our clients."

[sharesoc] 04/4/2018 11:07

Beeks Financial present at our growth company seminar in London on the 18th April. More details and registration here:

[sharesoc] 27/3/2018 14:04

Beeks Financial Cloud present at our upcoming growth company seminar on the 18th April which may be of interest to potential investors and current shareholders:

[martywidget] 22/3/2018 07:32

Coverage yesterday also on Bloomberg website:

Eddie Murphy-Inspired Fintech Firm Signs With Winklevoss Crypto Exchange
By Joe Easton
21 March 2018, 12:36 GMT
From


`Trading Places' Inspired It, Now the Winklevoss Twins Beckon It
Joe Easton
22 March 2018, 6:23 AM
21 March 2018, 12:36 PM

[martywidget] 21/3/2018 10:35

And also given a mention here:

Wednesday 21 March 2018
Beeks gets all Crypto…..


SMALL CAP SPOTLIGHT: Bitcoin back in focus as Beeks Financial ties up with Winklevoss twins’ crypto exchange


{edit - Beeks enters cryptocurrency market with billionaire Winklevoss twins}

[martywidget] 21/3/2018 10:34

Aim-listed trading company Beeks Financial Cloud has just announced a tie-up with the Winklevoss twins
A tiny technology company listed on London's junior market has just announced a tie-up with internet entrepreneurs and bitcoin billionaires the Winklevoss twins.

Beeks Financial Cloud, which floated on Aim last November and has a current market value of around £32m, has announced a partnership with the Cameron and Tyler Winklevoss's Gemini cryptocurrency exchange.

[masurenguy] 21/3/2018 08:06

Beeks Financial Cloud Launches Crypto Connect Offering with Gemini Connectivity

Glasgow, March 21, 2018 -- Beeks Financial Cloud Group Plc, a cloud computing and connectivity provider for financial markets, is pleased to announce entry into the cryptocurrency market via a collaboration with Gemini Trust Company, LLC ("Gemini"), a next-generation digital asset exchange and custodian. Gemini is a licensed digital asset exchange and custodian built for both individuals and institutions. As a New York trust company regulated by the New York State Department of Financial Services (NYSDFS), Gemini is a fiduciary and is therefore subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law (NYBL).

The Beeks Cloud has nine data centres globally, providing low-latency infrastructure and connectivity for institutional capital markets. Via this new collaboration, Beeks can provide direct connectivity to Gemini via the Beeks Cloud, allowing Beeks' clients who are existing clients of Gemini to source and trade Bitcoin and Ethereum legitimately and securely.

Bitcoin and Ethereum are currently the two largest digital currencies in the world. Both Ethereum and Bitcoin are decentralised payment networks, with their own cryptographic currency, that allow anonymous payments to be sent across the internet without the need for a bank or other third party. Coded transactions are stored in a decentralised ledger, the blockchain, and are visible for everyone on the network to see. The direct connection will be available as part of a Beeks Crypto Connect package via the Beeks Marketplace, including a dedicated server and cross-connect within the NY4 datacentre. The launch is part of the on-going expansion of the Beeks offering, which now covers the Forex, Futures, Fixed income and Cryptocurrency markets.

Gordon McArthur, CEO of Beeks Financial Cloud, commented, "Cryptocurrency trading is growing in popularity and this is a service our institutional clients have been wanting for some time, as they seek a means to trade cryptocurrencies legitimately and securely. The high level of regulation on the Gemini Exchange provides our customers with an assurance of greater security in a volatile market. In a highly significant industry, this new service has the potential to be a valuable move for Beeks as we seek to expand our offering across the key markets for automated trading."

[the vampire] 21/3/2018 08:02

Enters Cryptocurrency field.

[cgequityinvest] 16/3/2018 14:55

GHF - thanks for the update. If i get the chance i will seek to clarify with management in April when they are up in Derby at Mello. As you say its not the most important figure at the moment given the rate of growth but is a useful comparitor with other fast growing companies in the market/my portfolio.

[glasshalfull] 16/3/2018 13:43

Yep, can’t recall seeing this before either. Decided to await results & Annual Report (as mentioned in my short write-up) to review accounting treatment.

Regards
GHF

[cockerhoop] 16/3/2018 12:32

Hi GHF,

I'm not sure I've ever seen a diluted adjusted EPS greater than an adjusted EPS?

Assuming they are the same adjustments? :-)

[glasshalfull] 16/3/2018 11:13

Morning folks,

Just saw the discussion on EPS. The Cenkos EPS figures is, as I previously stated, in respect of diluted adjusted EPS.

I’ve checked the broker note and it doesn’t provide a detailed breakdown, merely stating 4 x EPS figures: -

2018
Basic EPS = 2.0p
Adjusted EPS = 2.0p
Diluted Adj EPS = 3.4p
Diluted Adj EPS (a further one)= 3.4p

2019
Basic EPS = 3.4p
Adjusted EPS = 3.4p
Diluted Adj EPS = 4.9p
Diluted Adj EPS (a further one)= 4.9p

So, take your pick!!!

I’m not too bothered about the EPS figures at this time given that the period under review has been impacted by IPO costs, with my investment decision based on the EBIT margin, monthly run-rate, FCF & market opportunities of the company at this juncture in their public life.

Cenkos have reviewed Beeks using DCF modelling (discounted cash flow) & indicate +32% upside valuation on a zero growth rate (at a share price of 53p at time of their report).

Using a mid range they indicated a market cap of between £45m-£49m versus today’s market cap of £29.7m

Hope this assists.

Kind regards
GHF

[cgequityinvest] 16/3/2018 10:06

Shoe -

Stockopedia are showing "normalised eps" of 2.0p and 3.4p for 18 and 19 respectively.

Sharescope are showing 3.4p for '18 and 4.9p for 2019.

Both are showing the same Profit after tax numbers of 1.0 and 1.7.

Accordingly it must be due to interpretation of eps - i am guessing the higher numbers are adding back some form of amortisation but its strange that they dont have a similar standardised approach!

Access to the brokers note would probably help - can anyone spread any light on the issue?

[shoee62] 15/3/2018 10:02

Stockopedia have the consensus forecasts for EPS for 2018 at 2p per share, and 2019 at 3.4p, Fidessa have the same. Is that correct? I see GHF earlier post saying 3.4p in 2018 from Cenkos..? Thanks

[greenroom78] 15/3/2018 08:51

I've bought in here this morning, although had to use my spread bet account as HSBC hadn't heard of them so therefore couldn't offer it to me (yet). Shame as I'd have bought more than I have currently.

GHF - thanks for the heads up.

[davidosh] 12/3/2018 10:25

As previously mentioned Beeks Financial will have a stand and be presenting at our huge Mello2018 event in Derby on 26th April and all shareholders and potential investors are welcome to attend

BKS have never attended or presented at a Mello event before and we are very pleased to welcome them so this is an ideal opportunity to meet the management and hear about their strategy.

Do come and join us at this quality two day event and there will be at least 65 other companies to meet plus some fabulous keynote speakers.

[glasshalfull] 11/3/2018 16:24

Appreciate the positive comments. Hope it assists further research.

Mas - Yes, at long last a smashing company on my doorstep. How fortunate!

Competition - You are correct in observing that the market is very fragmented.

Appears only a few competitors of note such as Fixnetix, FCM360, FXecosystem, Guavatech & Pico Trading.

Cenkos state,

“Management believes that Beeks is currently the only pure play cloud solutions provider and are unaware of any competitors that have the capacity to deliver the range of self-service solutions that can enable clients to be up and trading within 24 hours.

Beeks data centre rack space, cross connects and security solutions are all available to prospective clients immediately.”

In addition I would add that my research indicates that Beeks various packages are priced extremely competitive to other providers. I’d hazard that others may require to price accordingly to support a higher cost base.

Hope this helps.

Kind regards
GHF