Share Name Share Symbol Market Type Share ISIN Share Description
Blan Tech Grp LSE:BLTG London Ordinary Share GB00B06GNN57 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -0.47% 106.00p 104.00p 108.00p 106.50p 104.00p 106.50p 46,571 16:23:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 22.4 -1.3 -34.7 - 67.83

Blan Tech Grp Share Discussion Threads

Showing 451 to 472 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
17/8/2017
11:33
On the understanding (am I being over-confident here?) that the cash-flow blow was a one-off and the turnaround is now firmly under way, I averaged down today at 107.7p. Maybe the worm could turn decisively with the results in early October. If so, I now need the share price to rise to 172p for me to be breaking even.
arc en ciel
16/8/2017
13:21
Bought here like the turnaround
nw99
04/8/2017
15:10
Agreed. Patience young man...!!
ilovefrogs
04/8/2017
14:53
Wouldn't it be great to have a bit of positive newsflow ahead of results on 3rd Oct results? Not very enjoyable holding this stock.
chasbas
25/7/2017
13:47
All true, yet for me, all in the price already. We'll see what happens, but one sniff of good news here, and one can expect a very sharp bounce.
ilovefrogs
25/7/2017
13:30
strange1 Very succinctly put !
varies
25/7/2017
12:43
The only market they appear to have cornered is not getting paid. Good margins without cash flow is worthless.
strange1
24/7/2017
10:41
Cerrito It would indeed be interesting to know who sold these shares and who bought them So far over 300,000 have changed hands this morning. (Morningstar gives a figure of c175,000 for the 90 day average daily volume.) The excess of current liabilities over current assets is worrying and so is the recent exodus of directors. On the other hand the volume of sales and the profit margins are impressive, if we can believe them, and Blancco does seem to have cornered an important market. I was going to buy a few more shares today but will wait to see whether those sold on Friday have found a good home.
varies
22/7/2017
16:46
I see that 2.3m shares traded on Friday-3.5% of total so perhaps we will have a change of ownership RNS on Monday
cerrito
19/7/2017
10:34
Once again I have reached out for a falling knife and cut myself. This share looked cheap to me at 120p ! The generous emoluments to which PJ1 refers must leave a sour taste in the mouths of shareholders who held through the fall from 300p. Luckily for me I didn't. I still believe, however, that BLTG's erasure business is essential and that profits will recover after recent setbacks. I like to think that there is a decent chance of a takeover bid.
varies
18/7/2017
12:59
An established business with an EBITDA margin of 30% that is eating cash...........either the model is wrong or execution is poor. Difficult to take a view on what price would represent a good entry point with further dilution down the line.
strange1
18/7/2017
10:41
Getting ready to break 100p? Need some positive news from somewhere otherwise it feels kind of inevitable.
its the oxman
18/7/2017
10:39
Good post chasbas - I agree with that. I've been buying as it's fallen and been wrong so far. However, in it's favour now is this: - cheap on P/sales and EV/EBITDA and PE - Financial mismanagement rather than operational, new finance team now in place - Core product still looks excellent, and still growing substantially. Has to be a great market given data protection laws - Stock must now look very attractive to a foreign buyer If it falls below 100, I'll pick up a few more. GLA
ilovefrogs
18/7/2017
09:26
Agree with everyone. The bears got this right. However, Finncap is still forecasting increasing revenue and profits but not cashflow. His forecast for year to June 2019 are sales £41.8m, Adj EBITDA £13.1m, Adj PBT £9.9m, DPS 2.3p. This gives at 108p a PER of 11.9x. Page 3 of his report shows Blancco to be the cheapest company in a Comps table. Sell recommendation is due to cashflow and valuation of 80.3p. Newsflow has been terrible but to me the jury is out on future company fundamentals.
chasbas
18/7/2017
09:06
GHF, Thanks for the FinnCap summary. This might make an excellent investment at some stage, but I expect October's figures will clear the deck, so for now it's one for the watch list.
eagle eye
17/7/2017
23:43
Another brutal note out on BLTG from finnCap today. Can't recall a similar initiation note or update so scathing of a company before. Also surprised that the shareprice failed to react, but then again, perhaps an indictment that most retail investors are now by & large out of the stock. Snippet, "In view of provisional results, we downgrade both FY18 and FY19 forecasts after reviewing our cost assumptions: FY18E EBITDA £9.1m (prev: £11.0m), meaning that (ex provision) EBITDA will be flat y-o-y. Furthermore, we expect continuing cash pressure, with expected FCF of £-3.8m in FY18 vs. £-5.2m in FY17, suggesting that Blancco might need an additional £4m cash in FY19. In view of revised forecasts, we adjust our target price to 80p and reiterate our Sell recommendation." Best of luck to holders. I won't be joining you unless a new management team is appointed. Kind regards GHF
glasshalfull
11/7/2017
23:23
In terms of acquisitions no cash spent on acquisitions in H2 calendar 2016 ie they have made none in the last 12 months +.
cerrito
08/7/2017
02:15
Hi Stockscanner Just wondering where you got the bit about Blancco's "growth is not organic – its either fx related or due to acquisitions. Kevin Ashton from Cantor estimated organic growth at less than 10% yesterday." Don't suppose you could either post a link/summary to/of Kevin's report on the BB, or stick it online somewhere? BG
brummy_git
07/7/2017
09:40
I find most of the posts here really helpful and informative and that, taken together, they present a well-balanced appraisal of the investment merits of BLTG shares at the present price. In spite of many misgivings I remain a buyer, having bought at 126p and 118p yesterday. I am relieved to see calmer conditions so far this morning. Edison Investment Research produced a 16 page analysis on 15 March 2017 when the share price was 250p. This included a Discounted Cash Flow valuation at 340p. The figure would obviously be much lower now after subsequent disclosures. It provides a thorough and informative explanation of the Erasure business and BLTG's dominant role. It makes no reference, however, to the quality of our receivables ! Edison (of whom BLTG is a research client) estimated that the total adjusted operating profit (TAOP) for the year to 30.06.2017 would be £7.9m. Their corresponding figures for 2017/18 & 2018/19 are £9.89m and £11.95m. Assuming (and please correct me if I am wrong) that TAOP and EBIT have the same meaning, then Edison's figure for 2016/17 is very near BLTG's latest forecast allowing for the £2.2m charge on this doubtful receivable. It is annoying that we shall have to wait until 3 October for the accounts but, as we all know, it does usually take about 3 months from the year-end for accounts to appear. IF these contain no further shocks and if BLTG enjoys the support of its bankers, then I believe today's price of 118p will look a great bargain. Fingers crossed !
varies
06/7/2017
23:57
Fall in price is almost the same as the cut to the valuation from the Equity Development note I got today. Be interesting to see if this holds above 100p before the next set of results. There will be a few fund managers with some difficult conversations if they don't at least cut their positions. Paul Scott has been proved correct on this one.
its the oxman
06/7/2017
17:35
ilovefrogs thanks for your view. Conspiracy theories are unlikely to be true. The only thing that matters is whether there is a good business in there that will emerge. We will probably have to wait until well into 2018 to find out for sure. Management credibility may have been blown but at 118p IMHO value is there. Decent balance sheet. Profitable. Fast growing. Strong IP. Potential bid target. Only uninvestable for the fearful. Good luck all.
chasbas
06/7/2017
17:28
An announcement that a significant debt is not collectable so soon after a placing put in place to fix a cash hole is slightly worrying on a number of levels.The more worrying aspect here is how that debt was booked. It feels like they are applying judgement calls on the use by end users without full information or lack of audit and while they can take a more conservative approach moving forward, the nature of this means that wrong judgements will sit hidden in receivables. Slightly third hand but I was speaking with someone recently who mentioned that last year they had approached a CFO from one of the better tech stories on AIM.......apparently they took one look under the bonnet and walked away.
strange1
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