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BLTG Blancco Technology Group Plc

225.00
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blancco Technology Group Plc LSE:BLTG London Ordinary Share GB00B06GNN57 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 225.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
222.00 228.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 225.00 GBX

Blancco Technology (BLTG) Latest News

Real-Time news about Blancco Technology Group Plc (London Stock Exchange): 0 recent articles

Blancco Technology (BLTG) Discussions and Chat

Blancco Technology Forums and Chat

Date Time Title Posts
14/9/202320:18Blancco Technology Group (formerly Regenersis)729
01/12/201706:22Blancco Tech's Findings on Apple's iPhones-

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Blancco Technology (BLTG) Most Recent Trades

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Blancco Technology (BLTG) Top Chat Posts

Top Posts
Posted at 31/8/2023 08:14 by cerrito
I see this morning's share price increase and acceptances not yet over the 50 pc mark and wonder if we will get an increased price from our bidder.
Posted at 02/8/2023 07:02 by cerrito
I see that Soros has backed it and no doubt this was the outcome that they and other II's(not to mention myself) were after.
One would have hoped for a higher price but the reality is that this reflects the current circumstances.
I do not see a counter offer but cannot be ruled out.
Posted at 02/8/2023 06:09 by tole
Cash offer at 233p (vs closing price of 179p), a 24.6% premium.
Posted at 02/4/2023 18:45 by tole
https://www.telegraph.co.uk/investing/shares/recent-share-price-falls-potential-small-cap-stocks/Update: BlanccoBlancco, another IHT portfolio holding, has also fallen heavily over recent months as investor sentiment towards smaller companies has weakened. The software deletion specialist's shares are down 15pc over the past year but the company nevertheless released positive half-year results last month that indicate a recovery is ahead.Revenue increased by 16pc year on year, with all of its main geographical regions growing at a double-digit rate despite ongoing economic uncertainty. Its adjusted operating profit margin increased slightly to 21pc from 20pc in the comparable period despite high inflation prompting cost rises.Its balance sheet remains sound, with net finance costs covered 45 times by adjusted operating profit during the first half of the year. This suggests it has the capacity to make further acquisitions following last year's purchase and successful integration of US-based erasure specialist WipeDrive.Blancco's organic growth prospects remain bright, with environmental concerns likely to prompt a growing proportion of companies to use data erasure services, as opposed to landfill, for redundant equipment. And with regulatory changes such as the EU's GDPR legislation imposing large penalties on businesses that fail to protect personal data, demand for the company's services is likely to rise.Trading on a forward price-to-earnings ratio of around 23, the company's shares are by no means cheap despite their recent fall. Furthermore, they have posted an 8pc decline since being added to our IHT portfolio in December 2020.However, with encouraging half-year results and clear long-term growth catalysts, the company offers attractive capital growth potential over the coming years. Hold.Questor says: holdTicker: BLTGShare price at close: 187p
Posted at 28/2/2023 20:45 by cerrito
A good presentation today on IMC and I would pay thm the ultimate complement by saying they have made BLTG boring which was hardly the case a few years back.
They were right to point out that in the short term both their ITAD and mobile divisions face headwinds, albeit temporary.
The issue is if this business, well managed as it is and in very attractive market, warrants in the current financial/market situation a pe of 30x.
I will go back to sleep on this with one eye open.
Posted at 20/10/2022 14:30 by cerrito
Running behind schedule so have yet to organize myself to do my observations on the IMC call.
In the meantime the FT had a long article a couple of weeks back on companies getting rid of corporate data and for those who can access it an interesting read for BLTG followers.

It refers to the problems that Morgan Stanley faced with inappropriate data disposal
see
hxxps://www.infosecurity-magazine.com/news/morgan-stanley-fined-60m-over-data/
Posted at 21/9/2022 16:27 by cerrito
I note that they are releasing their prelims on the 28th.
My rule of thumb is that if you are an AIM company or even a small LSE main board one with a financial year end June 30 and have bad/not so good results, you want to release your year end results before September 30 as they will be submerged by all the interim results coming out from companies with a December year end. Conversely if you have good results you announce them in the first week of October when there are very few results statements. My bones tell me that while the prelims will not blow the lights out, neither will they be disappointing.
Anyway I have rather gone to sleep here over the last 9 months. I have fewer shares than before and the company is moving slowly along. I see that over the last year there has been a pretty static share register and indeed the last change of holdings RNS was in September last year.
LSE trading volumes do not seem to have been big and the greatest movement has been the stately and continuous decline in the share price.
I reminded myself that Soros is the major shareholder. His name has of course come up in the last week with the 30th anniversary of Black Wednesday and I have gone on the basis that his Fund Management Company keeps Boards on their toes and as such good to have as a
major shareholder but truth to tell I have no idea if that is true.
Will be interesting to see how the acquisition of Wipedrive is going. I am going on the basis that given the cash used in that acquisition any dividend will be the most nominal. I do note their comment in the interims that they then expected strong cash generation in H2 FY 20/21.I do not have a strong view of a resumption of a dividend as no doubt there are other good bolt on acquisitions they can make once and only once they have digested wipedrive.
The question I have is do I replace the shares I sold in the upper 200's or see how far the general market malaise drags the shares down. We need to remember that eps in H1 was 2p so even after the decline they are still trading at a demanding PE. I do not see myself doing anything before the prelims come out.
Posted at 20/1/2022 14:42 by kalai1
Blancco Technology Group plc posted a year-end trading update yesterday. The Group achieved strong growth in revenue in H1 FY22, above the board's expectations and has converted a number of new business opportunities during H1 FY22. Blancco continues to benefit from a strong pipeline, which has further strengthened during the period. The operational gearing inherent in the business have resulted in anticipated operating margins for H1 FY22 increasing significantly. As a result, adjusted operating profit, adjusted EBITDA and cash are all expected to be comfortably above the board's expectations. The balance sheet is healthy. Valuation looks a little rich with forward PE ratio at around 34, but this is actually mid-range for the Software & IT Services market. However, share price lacks momentum over the past year so there is no rush to buy here. But certainly an interesting share worth monitoring for now

....from WealthOracleAM

hxxps://wealthoracle.co.uk/detailed-result-full/BLTG/318
Posted at 18/1/2022 08:53 by cerrito
Good stuff but reality is that nothing less than what Mr Market is looking for even at the reduced share price.
Posted at 06/11/2021 20:18 by cerrito
Was featured in yesterday Friday Telegraph Questor column with a hold.
To me with the return on capital of 6.7pc and a pe of 47.quite alot of good news is in the price.
It is in the Telegraph IHT portfolio

I do not see myself as buying or selling in the foreseeable future at current prices.
Blancco Technology share price data is direct from the London Stock Exchange