Beeks Financial Cloud Share Discussion Threads

[ianhamo] 14/8/2024 16:11

ii offering live quotes to sell 85k shares at 238.5p. I can't get a higher quote myself. Looks like they have a large order to fill?

[adorling] 14/8/2024 14:54

Nasdaq Exchange - wow that is the best reference they could ever wish for!

[chippyfriday] 14/8/2024 14:32

Hatfull - I'm reading this differently and don't get why you see "underpin" as a negative.

"14 August 2024 - Beeks Financial Cloud Group plc is pleased to confirm that the conditional contract with one of the largest exchange groups globally (the "Exchange"), announced on 6 February 2024, has now received regulatory approval. 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. The deal helps further underpin the Board's expectations for FY25 and marks the initial phase of an intended multi-year partnership between Beeks and the Exchange."

The above states that recognition of revenue has commenced following regulatory approval and if BKS has given a forecast of expectations for FY25, then surely it is reasonable (and conservative, with 7 months to run), to say the additional revenue will underpin their expectations. They could say "exceed their expectations" but that definitely wouldn't be a good thing to say at this time.

[valustar1] 14/8/2024 14:24

Maybe they can ask to be quoted on it!!

[valustar1] 14/8/2024 14:10

2nd largest in world

[hatfullofsky] 14/8/2024 13:52

https://www.sec.gov/files/rules/sro/nasdaq/2024/34-100445.pdfClient is Nasdaq

[hatfullofsky] 14/8/2024 13:17

One slight concern is that previously they have stated this contract is not included in market expectations and now state - The deal helps further underpin the Board's expectations for FY25That's a bit of a change

[hatfullofsky] 14/8/2024 13:16

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

[valustar1] 14/8/2024 11:55

Yes significant volume. Bodes well

[ninedoors99] 14/8/2024 11:41

Thanks Faz Helpful analysis Serious volume today

[ianhamo] 14/8/2024 09:26

Do we have an idea on the time scale for the further update on the contract?

[faz] 14/8/2024 09:19

Kirkie Beeks sales are projected to be £30m ; their value on the stock exchange is nudging £150m, so 5x the amount. IT companies generally trade on high multiples rev. vs market cap and 5x is nothing to make an issue about . I think the point is spurious.

P/e is price to earnings ratio: the multiple of eps to share price. So an eps of 5p and a share price of 100 = p/e of 20. A forward looking p/e is the only measure to take note of and even then what is more important is growth. Check out the PEG which is the historic p/e (using last year's normalised Earnings) and dividing it by the consensus forecast EPS growth for the next year.

That's a better measure imho - a PEG of 1 or less is a very good sign. I make Beek's forecast eps growth around 30% for next year (min.) and their historic p/e in Oct 23 was 25- so a PEG of 0.83 a strong buy signal. But there y'go, (the current p/e is higher but eps growth might be higher) you make investment decisions based on the way you analyse a company's business and market value.

[kirkie001] 14/8/2024 08:59

74tom - could you re-post but in plain English, please - I don't actually understand what it is you're trying to say? Thanks!

Also, if you've got a copy of the brokers note - you say you've read it - can you summarise what it says please?

[74tom] 14/8/2024 08:24

People have lost the plot paying 5x sales for Beeks, the broker note this morning comparing them to large US mid caps like Nutanix and Digital Ocean confirms they are in la la land. 46x FY24 PE, and that excludes very significant D&A for essential CAPEX purchases. Good luck achieving much upside from here.

[buffetteer] 14/8/2024 08:13

Valuation: Beeks trades on 4.6x Ev/Sales moving to 3.4x. Which is the cheapest in it’s peer group of global growth SMIDcap datacentre, cloud infrastructure & IaaS peers despite being the fastest-growing profitable, high-recurring revenue UK SMIDcap software & services stock on both metrics

[someuwin] 14/8/2024 08:08

Can't buy more than £3k.

[grahamhacker] 14/8/2024 08:06

The announcement suggests we will get to know the name of the Exchange Group - "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. The deal helps further underpin the Board's expectations for FY25 and marks the initial phase of an intended multi-year partnership between Beeks and the Exchange."

[ianhamo] 14/8/2024 07:48

Hopefully more contracts to come thick and fast now.

[valustar1] 14/8/2024 07:39

I don’t have access but there is a broker update this am.

[masurenguy] 14/8/2024 07:23

Approved but no indication yet of the Exchange involved !

Exchange Cloud Contract Approval
Regulatory approval for Exchange Cloud at one of the largest exchange groups globally

14 August 2024 - Beeks Financial Cloud Group plc is pleased to confirm that the conditional contract with one of the largest exchange groups globally (the "Exchange"), announced on 6 February 2024, has now received regulatory approval. 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. The deal helps further underpin the Board's expectations for FY25 and marks the initial phase of an intended multi-year partnership between Beeks and the Exchange.

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.

Gordon McArthur, CEO at Beeks, commented: "We are delighted to receive regulatory approval and commence our project with one of the most renowned exchanges globally. We have already proven the speed with which we are able to launch these significant deployments, and we look forward to nurturing a sustained and successful collaboration with the customer. We remain well-placed to satisfy the strong demand for our solutions."

[faz] 14/8/2024 07:13

Well it's landed now! All looks good here.

[hatfullofsky] 13/8/2024 15:47

I've always expected reg approval to take 6-9 months so could land Aug - Oct

[melody9999] 13/8/2024 11:12

hatfull 540 - yep I did! Entered at 202 and added in the teens.

I like the long term revenue growth potential so have paid up despite a mid 20s PE.

I got a better understanding of the uniqueness of the BKS proposition here - thanks to someuwin

[ianhamo] 13/8/2024 10:36

Let's hope that any potential suitors arnt interfering with the regulatory approval !

[masurenguy] 13/8/2024 09:49

Six months have elapsed since the contract was originally announced and it is 3 weeks since Beeks stated that shareholders woould be updated shortly. I can only assume that final regulatory approval is taking a little longer due to summer holidays within the bureaucracy.

"As announced on 6 February 2024, Beeks conditionally secured a third Exchange Cloud contract with one of the largest exchanges globally (the "Exchange"). Completion of the contract with the Exchange is subject to regulatory approval, following which deployment of services and recognition of revenue will commence. Advanced progress has been made on this approval process, in line with expectations, and Beeks looks forward to updating shareholders on the outcome shortly." 22 July, 2024