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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
  0.50 0.34% 148.00 46,229 16:35:27
Bid Price Offer Price High Price Low Price Open Price
145.00 150.00 147.50 147.50 147.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 11.62 1.26 3.07 48.2 97
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:27 UT 332 148.00 GBX

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Date Time Title Posts
26/1/202314:36Beeks Financial Cloud Group plc328
21/11/201914:29Beeks Financial Cloud Group 250

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Posted at 05/2/2023 08:20 by 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 147.50p.
Beeks Financial Cloud Group Plc has a 4 week average price of 126p and a 12 week average price of 126p.
The 1 year high share price is 208p while the 1 year low share price is currently 121.50p.
There are currently 65,406,764 shares in issue and the average daily traded volume is 28,934 shares. The market capitalisation of Beeks Financial Cloud Group Plc is £96,802,010.72.
Posted at 26/1/2023 14:36 by mirfield
No price target but chart shows that once through the 130-140p consolidation phase - which appears to be the case - the resistance is 200-209p. I'm a relatively new subscriber so probably unqualified to give a view. They've recently tipped Yu., SQZ and BKS today. I followed them on YU. and BKS but not on SQZ. Seems to be too much negative sentiment on the Tailwinds deal. But what do I know...
Posted at 26/1/2023 14:23 by arieljcohen
Did they give a price target? And is the subscription worth it in your view? Or is it just another small company sharewatch
Posted at 26/1/2023 12:00 by 29palms
TU should be due early Feb

As previous - Canaccord have a price target of £2.20 since 21st March 2022 and Stockopedia has BKS as a multibagger.

Posted at 26/1/2023 10:30 by bazzerp
Any ideas about the 9% price rise today ?
Posted at 10/1/2023 10:08 by maddox
Hi Bazzerp,

Welcome aboard. Does your IT expertise influence your investment choice - and if so what has attracted you to BKS?

Regards, Maddox

Posted at 06/1/2023 18:31 by maddox
I wouldn't be concerned about the share price drifting in the absence of any news - they have recently introduced two significant product lines and probably have more than enough to keep them busy. I'm hoping that the focus is maintained (as has been to date) on quality of execution - rather than expanding too quickly and fluffing the share price with RNS'. BKS wouldn't have landed a partnership with the NYSE without excellent quality of service.

I'm also not reading anything into the Gordon McArthur's disposal - with 37.59% of BKS he has plenty of skin in the game. The sale was alongside the fundraise of £15m at 165p that was reported to be 'significantly oversubscribed.' So, well timed - selling into demand, and locked-in from further sales for 12 months.

With a relatively small free float the share price will be volatile - and IMHO this is a great opportunity to get in at prices >15% below the last raise, following highly positive news and results.

Posted at 10/10/2022 07:21 by johndoe23
And the share price drops!
Posted at 10/10/2022 06:15 by masurenguy
Great set of results and two significant contract wins!

Final Results for the year ended 30 June 2022

Beeks Financial Cloud Group is pleased to announce its final results for the year ended 30 June 2022.

Financial highlights

-- Revenues(1) increased 57% to £18.29m (2021: £11.62m)
-- Annual Committed Monthly Recurring Revenue (ACMRR) up 40% to £19.3m (2021: £13.8m)
-- Gross profit up 49% to £7.94m (2021: £5.33m)
-- Underlying(2) EBITDA increased 52% to £6.31m (2021: £4.14m)
-- Underlying profit before tax(3) increased 28% to £2.06m (2021: £1.61m)
-- Underlying diluted EPS(4) 4.19p (2021: 2.99p)
-- Net cash as at 30 June 2022 of £7.86m (30 June 2021: Net cash £1.89m)

Outlook

-- While cognisant of the ongoing pressures of the macroeconomic environment, the size of the sales pipeline and expanded product offering provides the Board with confidence in the prospects for Beeks

-- We have the potential for considerable additional growth given the size of the sales pipeline, however these types of discussions will take time to flow through into contracts and revenues

-- As separately announced today, the Group has secured two 3-year contracts via a partner with aggregate TCV of $2m, further underpinning our FY23 expectations

Gordon McArthur, CEO of Beeks Financial Cloud commented: "Beeks is now recognised as an established technology provider to financial markets, with a track record and compelling reference clients, providing us with a strong foundation to drive our business forward. The majority of financial services organisations around the world are exploring how to utilise the power of the cloud to support their ambitions. This presents us with a considerable opportunity and through our Private Cloud, Proximity Cloud and Exchange Cloud, we have the offering to address it. We will continue to invest into the development of our offering and increased sales and marketing activities to capitalise on our early successes in this significant market. We have a considerable and growing pipeline and look to the future with confidence."

https://www.investegate.co.uk/beeks-fin-cloud-grp--bks-/rns/final-results/202210100700072550C/

Posted at 22/7/2022 12:32 by maddox
Took the opportunity to top-up this am. At 132p we're way below the 165p "significantly oversubscribed" fundraise and on the back of two significant product launches - Proximity Cloud (just after last Fin Year)and Exchange Cloud (13 June - so very recent). Both of these are described as 'transformative' and at too early a stage to have a visible impact on the reported results.

We're in a risk-off market and BKS share price has drifted in the absence of any supportive news. However, the obligation to report new business wins has now reduced due to their diminished significance - so this may explain the silence.

All will become clear in the next trading update that cannot be too far off. And we should at least learn, in the next few months, which Exchange is launching Exchange Cloud - albeit probably white labelled and under their own 'brand'. Let's keep our eyes open for that one.

Regards, Maddox

Posted at 24/4/2022 12:48 by 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: https://dumgoynecap.substack.com/p/bull-case-beeks-financial-cloud-aim?s=r

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