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 Shares Traded Last Trade
  -2.50 -1.57% 156.50 80,965 14:50:43
Bid Price Offer Price High Price Low Price Open Price
155.00 158.00 159.00 156.50 159.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 11.62 1.26 3.07 51.0 102
Last Trade Time Trade Type Trade Size Trade Price Currency
14:50:51 O 30,876 156.25 GBX

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Date Time Title Posts
15/6/202214:58Beeks Financial Cloud Group plc278
21/11/201914:29Beeks Financial Cloud Group 250

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Beeks Financial Cloud (BKS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-27 16:15:00156.2530,87648,243.75O
2022-06-27 16:15:00152.1035,00053,235.00O
2022-06-27 13:50:53155.751,2501,946.88O
2022-06-27 13:50:13156.253,0004,687.50O
2022-06-27 11:18:34157.551,2421,956.77O
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Beeks Financial Cloud (BKS) Top Chat Posts

Beeks Financial Cloud Daily Update: Beeks Financial Cloud Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker BKS. The last closing price for Beeks Financial Cloud was 159p.
Beeks Financial Cloud Group Plc has a 4 week average price of 147p and a 12 week average price of 147p.
The 1 year high share price is 209p while the 1 year low share price is currently 110p.
There are currently 65,406,764 shares in issue and the average daily traded volume is 443,350 shares. The market capitalisation of Beeks Financial Cloud Group Plc is £102,361,585.66.
masurenguy: Don't you ever look at the performance of the main markets as a backdrop to individual share price performance. The FTSE AIM All Share Index is down 25% this year because excess money is leaving the market. This is a volatile small cap high tech share with a jam tomorrow valuation and during March/April it vacillated nearly 40% between circa 130p and 210p. You are constantly seeking some reassurance here by asking questions that nobody can possibly answer. With interest rates rising you might be more comfortable investing in value shares and putting excess cash into a savings account.
masurenguy: Launch of Exchange Cloud Beeks Financial Cloud Group plc is pleased to announce the launch of Exchange Cloud, an evolution of Proximity Cloud, explicitly designed for global financial exchanges and electronic communication networks (ECNs). Following the successful completion of the significantly oversubscribed fundraise in April 2022 to accelerate development of Beeks' offering, Exchange Cloud is now formally launched, with a major equities exchange already under contract to deploy later this year. Additional proof of concept implementations and discussions are underway with potential customers. Gordon McArthur, CEO of Beeks Financial Cloud commented: "Our product development has always been driven by customer demand and we created Exchange Cloud specifically to meet the needs of top exchanges around the world. During early-stage Proximity Cloud discussions with some of the top ten financial exchanges in the world, we identified a demand for a secure, multi-client cloud environment which they could offer to their customers. We believe the end-user compute market within exchange data centres to be considerable, and there to be no comparable offering currently in the market. We are delighted by the early win of this top exchange, which will contribute towards underpinning our FY23 expectations, but more significantly we believe the opportunity for Exchange Cloud to be potentially transformative for our business."
29palms: Still a “Coffee Can” share IMO Point to note is that Canaccord have a price target of £2.20 since 21st March and Stockopedia has BKS as a multibagger.
masurenguy: Interesting analysis DGC10 - thanks for posting the link. I have a few comments having read it. "Today, 91% of revenue comes from Institutional clients through Beeks’s Private Cloud offering. An expanded product offering Proximity Cloud is purpose built for the Tier 1 space and is gaining traction with Tier 1 clients. Beeks’ now has agreements with nine Tier 1 customers at various stages of deployment. Today 93% of the firm’s revenue is recurring." This just demonstrates the quality of the Beeks products in terms of client demographics and the 'stickyness' of its service with recurring income exceeding 90%. "Beeks’ has an established global presence in financial data-centres built up over the last decade. It would be time-consuming and costly for a competitor to replicate this. That said, hyperscalers have deep pockets. In Q1 2021 it is estimated that data center capex led by AWS, Google and Azure was a massive $38bn. The question is at what pace can hyperscalers enter low latency? On the other hand, Beeks might be an attractive acquisition given its established presence and technical expertise. Hence, a trade-sale exit is possible." This just chimes with my previously posted views that I think there will be a trade sale to a larger synergetic predator in due course and that is what my final exit strategy here is based upon. "CEO Gordon Mcalpine suggests that on a two year outlook, revenue in the region of £25-30m “doesn’t look too much of a stretch” and they have internal targets higher than this. On £25m sales and assuming an EBITDA margin of 36% (in line with the historic average) we get to £9m EBITDA. Using the average EV/EBITDA multiple of 26x gets you to an Enterprise Value of £234m which would imply a share price in the region of £4.10. Today the shares trade at £1.82." Based upon this years interim metrics, the full year EBITDA should be circa £5.75m on around £16.8m in sales. A 26 x EBITDA multiple would project an EV of circa £149m and a shareprice in the region of 225p/230p later this year. On that basis, sales could increase to around £25m, with an EBITDA of £9m, by the end of next year. However, I think that an EBITDA multiple of 26 maybe a bit excessive (but not impossible) and I don't know where the author gets a projected price of £4.10 from since with 65m shares now in issue that figure would equate to £3.57. I think he omitted to factor into his equation the 9m shares issued during the recent fundraising. However, a more conservative metric multiple of say 20/21 would result in a shareprice target of circa 280/290p - not an unrealistic figure in my view. Here is a direct link:
paulypilot: Nice thoughtful article from Maynard, he's an excellent analyst, and really puts in the legwork into these articles, very well researched. I also like the format of putting out bull points and bear points, it's a nice format, and also reveals the writer's leanings! I think Maynard's bull points didn't properly reflect that a large placing has just been done, at negligible discount (so much appetite), and little dilution (mentioned in passing, lower down the article). So won't need more cash for a while, if at all. Also, the whole reason this share is exciting to bulls, is the exponential growth underway, evidenced by massive 3x increase in recent order intake, which you won't see from the historic numbers. Maynard bounces the idea of BKS getting to £125m revenues in 10 years. I wouldn't be interested if that was the case! I reckon this has the potential to get to that level of revenues in maybe 3-5 years. If it's 10 years, forget it! Divis stopped - doesn't matter, they were trivial. Probably just to get on the divi list for a few instis. Negative free cashflow - yes, it's a very fast growth company, building infrastructure for many years' recurring revenues. Capex is 80% growth, 20% replacement (per the company), so replacing the kit is known about, and they've ordered loads early, due to lengthening lead times. PER - is irrelevant. The company is not being run for profit, it's a rapid growth situation. We can judge it on a PER in a few years, when growth has settled at a lower level. UK companies often miss the big opps, because investors insist on early profits. When demand is this strong, we should back BKS aggressively driving growth. I don't care about short term profits AT ALL. Unclear economics? Maybe, at this stage, as the company's investing heavily for very rapid growth. Not just capex, but big increases in staff, to take advantage of a unique opportunity. If you're sceptical about this, then BKS is definitely not a share for you. No argument there. It's expensive based on historic figures - absolutely. Agreed. I'm not buying the past, I'm buying the future. Find me other companies that are growing recurring revenues exponentially, as I'd love to see them. Overall - I have a lot of respect for Maynard, and his piece on CAKE was brilliant - flagging up the smoking gun - an auditor resignation letter which slammed management, that the market didn't seem to notice (as it was not RNS'd). In the case of Beeks, there is nothing in Maynard's article which I didn't already know. So no smoking gun, and perfectly rational discussion of facts & figures, with bull & bear case well explained. Obviously I'm a lot more bullish than Maynard, as I think the rapid acceleration in contracted orders is what makes this share so exciting. But it's really great to have a rational bull:bear discussion, so well done Maynard, an excellent piece of work, even if I disagree with your conclusion. Best wishes, Paul.
masurenguy: Yes, an excellent analysis by Maynard Paton. Obviously, everyone will draw their own conclusions on the BKS forward valuation metrics and growth potential. The view that I expressed six months ago, after top slicing my holding @198p, was as follows. Masurenguy 1 Oct '21 - 173: Over the past couple of days I have reduced my shareholding by 35%, to recover more than my entire investment here. The price has almost doubled in the past 8 weeks and has probably run ahead of itself on both PER and P/S ratios. The balance of 65% that I still retain constitutes pure profit which I plan to keep invested here on a longer term basis. Contemporay valuations will fluctuate with a niche small cap tech share like this and therefore timing and price are critical to any investment decision. The 20% drop to 184p over the past 2 days is still circa 11% above the fundraising price of 165p a couple of weeks ago. I still view this as an excellent long term hold with a very good chance that it will be acquired by a predator in due course at a premium to whatever the shareprice was if, and when, a bid is announced. GLA.
29palms: The £2.20 target price that analysts at Canaccord Genuity put on the share price back on 21st March is on the horizon after this oversubscribed cash raise @ £1.65. A "Coffee Can" share for sure.
29palms: I imagine Paul Scott at Stockopedia has the same "Coffee Can" sentiment. "another very encouraging contract win. It’s becoming increasingly obvious that BKS has passed a tipping point, where its cloud-based connection services for financial markets are being more rapidly taken up by big clients, globally. Therefore an exciting future is on the horizon, as those recurring revenues build. I reviewed Beeks interim results earlier this week. Although the numbers at this stage are barely above breakeven, that’s missing the point. It’s the very rapid organic growth, of recurring revenues, which is laying the groundwork for a much bigger, and potentially highly profitable company in future. This is generally a bad time to be investing in growth companies, so there is that strong market headwind, but when growth is this strong, with big contracts rolling in faster than ever before, it’s time to sit up and take notice. For that reason, and despite it being difficult to value, BKS is fast becoming a high, maybe even highest, conviction holding for me. I need to just ignore market sentiment, and buy more (as a long-term hold). I think this is probably the best reasonably-priced, high organic growth company on the UK market right now"
husbod: I thought this share was tightly held so it was surprising that such a large number of buys at the full offer price of 165p didn't shift the share price further upwards.
maddox: Hi Masurenguy, Can't argue with your move from a risk control viewpoint - no way you can lose money on your investment. Also, I agree the share price looks expensive based on the metrics. However, those metrics are backward looking and the Analysts are being very cautious in revising their forecasts. Canaccord, has upgraded its sales estimates by 8% and adjusted underlying earnings forecasts by 4%. "These new forecasts still assume immaterial Cloud Proximity revenue, even although the first contract for this (worth $1.0m) was received in September. We allow for margin compression in FY22E as depreciation, R&D amortisation and headcount costs should increase ahead of sales all to support the forecast organic sales growth now at over 40% in FY22E. We expect margins to increase in FY23E as investment slows relative to sales growth," said Canaccord, which also reiterated its 'buy' rating on the stock. I’m expecting BKS sales to accelerate substantially and Brokers to have to upgrade their forecasts – so essentially that BKS’ justifies those metrics. In the meantime, I’m hoping for a pull-back in the share price so I can average-up my holding and get more chips on the table.
Beeks Financial Cloud share price data is direct from the London Stock Exchange
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