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BKS Beeks Financial Cloud Group Plc

268.00
-2.00 (-0.74%)
08 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Beeks Financial Cloud Group Plc LSE:BKS London Ordinary Share GB00BZ0X8W18 ORD GBP0.00125
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.74% 268.00 266.00 270.00 273.00 268.00 272.00 332,446 16:12:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 22.36M -89k -0.0013 -2,061.54 179.98M
Beeks Financial Cloud Group Plc is listed in the Computer Related Svcs sector of the London Stock Exchange with ticker BKS. The last closing price for Beeks Financial Cloud was 270p. Over the last year, Beeks Financial Cloud shares have traded in a share price range of 92.50p to 288.00p.

Beeks Financial Cloud currently has 66,659,074 shares in issue. The market capitalisation of Beeks Financial Cloud is £179.98 million. Beeks Financial Cloud has a price to earnings ratio (PE ratio) of -2061.54.

Beeks Financial Cloud Share Discussion Threads

Showing 976 to 999 of 1075 messages
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
DateSubjectAuthorDiscuss
07/10/2024
06:23
Nothing new in the numbers (I would have liked a better ARR number at 30/08)

Cashflow is showing operational gearing. 105 staff (up from 102)

Op Cash £11m - £3m Capitalised Development = £8m

MCAP 170m

hatfullofsky
07/10/2024
06:21
Outlook

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

hatfullofsky
07/10/2024
06:08
Understood ! Thanks
ninedoors99
07/10/2024
06:06
Solid progress over the year - an NDA prevents confirmation of the identity relating to the new contract with the large exchange group until product launch, which remains on track, has taken place.

Final Results for the year ended 30 June 2024

Financial highlights

· Revenues1 increased 27% to £28.5m (2023: £22.4m)

· Annualised Committed Monthly Recurring Revenue (ACMRR) up 18% to £28.0m (2023: £23.8m) increasing to £28.5m by the end of August 2024 following a strong start to the new financial year

· Gross profit up 24% to £11.3m (2023: £9.1m)

· Underlying2 EBITDA increased 27% to £10.7m (2023: £8.4m)

· Underlying profit before tax3 increased 68% to £3.9m (2023: £2.3m)

· Underlying diluted EPS4 6.36p (2023: 3.96p)

· Positive operational free cash flow position, with Net cash5 as at 30 June 2024 of £6.6m (30 June 2023: £4.4m) notwithstanding continued investment in Beeks' product offering

Post-period multi-year Exchange Cloud contract with one of the largest exchange groups globally received regulatory approval, as announced in February. Beeks remains under a Non-Disclosure Agreement (NDA) with the exchange until the product's launch, which remains on track

masurenguy
06/10/2024
07:42
Contractual Takeover Offers
Acceptances over shares representing 90% of the target’s voting share capital are required to squeeze out the minority (and thereby enable the bidder to acquire all of the target's voting share capital). Given that bidders typically aspire to acquire 100% of the voting rights in a target company, it is therefore usual for the acceptance condition to be set at 90% (rather than 50%), but for the bidder to have the option to reduce this threshold to shares carrying over 50% of the voting rights. Under the Companies Act 2006, bidders making a contractual takeover offer have the compulsory right to acquire the shares of minority shareholders if they have acquired, or unconditionally contracted to acquire, both 90% of "the shares to which the offer relates" (i.e. shares which were not held by the bidder at the time the offer was made) and 90% of the voting rights in the company to which the offer relates.

A Statutory Scheme of Arrangement
A scheme of arrangement requires approval from shareholders who constitute a majority in number of each class of shareholders who are subject to the scheme of arrangement and who are voting at the meeting. This majority must also represent at least 75% in number of those shares which are voted. The main advantage of a scheme of arrangement is that, if successful, it will bind all shareholders (regardless of whether, or in what way, they voted). However, due to the High Court’s involvement, schemes of arrangement are less flexible structures than contractual takeover offers.

masurenguy
05/10/2024
18:02
My understanding is you have no rights in respect to a sales process, unless you have more than 25 percent of a business.
ninedoors99
05/10/2024
15:16
Re #721 - so there is no actual source that relates to any target figure that McArthur may have in his mind as an optimum sale figure for his shareholding. The main point here is that he hold the cards while maintaining a personal stake above 10% since a predator would have to obtain 90% of the shares to force the other shareholders to sell. No predator would want a minority shareholder who could block certain decisions that they may wish to make thereafter. However, whatever figure he may decide to accept for his stake would then become the catalyst for the complete sale of the business but we will all have to wait and see what that may be at some future point in time.

Meanwhile the results due on Monday will hopefully include confirmation that NASDAQ is their new major exchange client since that will put the company onto more investors radar screens.

masurenguy
05/10/2024
08:58
If anyone sells anything for tens of millions of profit they should go and live somewhere tax free or low tax for the relevant period. Italy a good bet.Bought in yesterday btw
foetus in your brain
05/10/2024
08:22
I came up with the £1bn figure, rationale is pretty basic. He owns 30%If he sells a 200m, his gain is £60m tax man takes 50% net gain £30m enough but not mega buckIf he sells for 500m gain £150m net gain £75m, much better but still not mega bucksIf he sells for £1bn, gain £300m, net gain £150m, now that's much more like it. You can do a lot with £150mThese are just estimates of course and I'd be more than happy with any of them
hatfullofsky
04/10/2024
17:57
The CEO has said in a few interviews, his intention has always been to build the company to sell and he has a price in his head that he would be tempted to sell.

As the for the rumoured price, I can’t exactly remember where that came from, more than likely on here or the LSE board, but that is all it is….a rumour.


Possibly stems from when MacArthur talked about the valuations US investors put on companies, ie 18 x EBITDA. People working out the future value of BKS on future earnings and the size of the addressable market, which they are only starting to capture.


Perhaps I should have used the word speculated rather than rumour

ianhamo
04/10/2024
16:07
"Hopefully MacArthur will stick to his guns regarding his price, rumoured to be $1billion."

What is the source of this "rumour" ?

masurenguy
04/10/2024
14:13
15 GBP for £1bn MCap
hatfullofsky
04/10/2024
13:56
Thanks for that, have a good weekend.
route1
04/10/2024
13:45
I'd say approximately £11.40.
ianhamo
04/10/2024
13:42
If a $1 billion bid was accepted in the future, is it possible to calculate what the share price might be at that time?
route1
04/10/2024
12:58
Nice to see some strength into the results
hatfullofsky
04/10/2024
12:53
Hi Husbod,Hopefully MacArthur will stick to his guns regarding his price, rumoured to be $1billion.
ianhamo
04/10/2024
12:32
That was a point that I made 8 days ago when my logic told me that any company, consortium,Fintech or others would obviously seem it to be sensible to bid at this early growth stage knowing that any future bid would cost a lot more.We may of course rest assured that the Board would reject any bid at this early stage, but there are always organizations out there willing to "try their luck ".
route1
04/10/2024
11:16
Hi IanI think my concern is not so much that the take out price would be cheap per se in the sense that given the stage the company is at at the time of the approach the price could well be at a premium.My concern rather is that a bid could come in too early in the company's development so we are taken out way before we have realised our full potential.
husbod
04/10/2024
10:29
Nice to see a breakout, formal NASDAQ announcement on Monday would be lovely, either way it can't be far off & they will presumably be providing a lot more detail on the impact of the deal on the short, medium & long term outlook. We'll also get more detail on Tuesday's IMC call, so it should be a strong week ahead after the recent consolidation.
philly cheesesteak
03/10/2024
18:35
Hopefully that won't happen. Remember MacArthur has his figure, BKS has little debt and is about to start generating plenty of free cash. So they carnt be forced to accept a low ball offer imho.
ianhamo
03/10/2024
18:30
I think the news flow over the next 1-2 years should be huge.
ianhamo
03/10/2024
17:50
If we win a few more I fear we might be taken out more cheaply than I would like.
husbod
03/10/2024
14:44
It should also be borne in mind that there are a total of 60 active Exchanges worldwide, who in time will see the benefits of working with Beeks and installing their unique technology.Presently there are two Exchanges in play, so only another 58 more to go!
route1
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older

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