Beeks Financial Cloud Share Discussion Threads

[adorling] 19/8/2024 17:56

Good to see the short term profit takers gone and then BEEKS making a decisive breakout to new highs - no doubt FOMO will be on their minds as we head further north and we still have not had the “Official̶1; announcement RNS to confirm the new Exchange contract is with Nasdaq - the share price will be going one way when that happens on its journey to multi-bagger returns. Be patient as the best is yet to come!

[petewy] 19/8/2024 17:32

So my question as to top slicing gets ignored. Cheers mfrs.
I bought these cheap a while ago.

[hatfullofsky] 19/8/2024 16:53

Nasdaq also provide trading systems to other exchanges, so this could be very significant it it eventually becomes part of the Nasdaq suite of products. For now having it installed at nasdaq will act as validation to all Nasdaq exchange clients (and there are some big ones)

[zho] 19/8/2024 16:06

>>Brilliant find zho>>

Not mine - hatfullofsky, I think, on this thread, and highlighted by Paul Scott in his weekend small caps review.

[grahamhacker] 19/8/2024 15:59

Brilliant find zho - This must force BEEKS to make an announcement soon - possibly tomorrow??

[husbod] 19/8/2024 15:21

Thanks zho - good find if I may say so.I wonder how much the contract is worth and more importantly once you have a toe in the door with Proximity whether this opens other areas in the Nasdaq constellation that we can exploit eg with our cloud offering.Either way it is an impressive win and what's good enough for the Nasdaq should be good enough for other major exchanges.No wonder the share price has been motoring.

[zho] 19/8/2024 15:09

>>Is that wishful thinking that it’s Nasdaq or genuine information?>>

See

[blueball] 19/8/2024 14:53

Incredible this is set for 300p in a short while.

Hey ho here we go ever so high.

[husbod] 19/8/2024 14:47

Is that wishful thinking that it's Nasdaq or genuine information?If it is Nasdaq a predator might start to take a look.

[masurenguy] 19/8/2024 13:16

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.

[philly cheesesteak] 19/8/2024 09:01

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.

[masurenguy] 19/8/2024 09:01

Plenty of retail investors will take profits on such a price spike.

[denholm elliott] 19/8/2024 08:50

P&DI wonder who is selling into the ramp?

[masurenguy] 19/8/2024 08:36

Liontrust: Beeks to grow stronger next year

Beeks Financial Cloud Group (BKS) has laid down foundations for stronger growth next year, says Liontrust manager Anthony Cross. He holds the stock in his £128m Liontrust UK Micro Cap fund, which he runs with Julian Fosh, who is currently on a leave of absence. The cloud computing platform for financial markets saw its shares soar after results were announced for the year to 30 June, with 27% growth in revenues to £28m and a 67% increase in underlying profit before tax.

"In March, Beeks announced a cloud contract extension and proximity cloud win with the Johannesburg Stock Exchange, providing a strong basis for further growth next year. Beeks is also confident of securing a further cloud contract with one of the largest global exchanges. The contract was provisionally announced in February." said Cross.

The shares rose 1.7% to 240p on Friday and are up 133% this year alone.

[the technical trader] 19/8/2024 07:24

Looks a little top-heavy. I've set an alert for 150p.

[philly cheesesteak] 16/8/2024 22:08

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.

[petewy] 16/8/2024 17:58

On train a while back. What is the ceiling on this share until Xmas? I should top slice but...

[adorling] 16/8/2024 14:57

It is definitely the Nasdaq and I am sure they will have to issue a RNS on Monday or very soon as too many people know now. It will be huge news and the best referencefor BEEKS technology and recommendation for other exchanges to follow as it makes the exchanges a ton of money, flexible for customers as well as BEEKS. This has the potential to be a multi-bagger for sure as the barriers to entry once installed are significant. Don't miss the train.....

[ianhamo] 15/8/2024 08:10

A Nasdaq listing would get McArthur to his figure a lot sooner.

[melody9999] 15/8/2024 08:06

As Nasdaq are a customer, surely BKS should explore a US listing now?

[masurenguy] 14/8/2024 16:48

Largest daily trading volume in 5 months and a new ATH. Broker reiterates 260p as the price target.

[adorling] 14/8/2024 16:31

Breakout! Great strength and volume into the close here :-)