Blancco Technology Share Discussion Threads

[cerrito] 04/10/2022 23:21

For me a clear presentation by the CFO - the CEO has covid-and the business has a good head of steam and looks set for consistent growth. I will write something up when I have collected my thoughts and seen the recording.

[cerrito] 24/9/2022 23:05

Interesting to see that Forager who went in big 3/4 years ago when the shares were about 60p have increased their holding. For sterling investors like me this company is worth more now than when the Chancellor stood up yesterday morning

[garth] 22/9/2022 08:19

Thanks for sharing your thoughts Cerrito. Best wishes, G.

[cerrito] 21/9/2022 17:27

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.

[kalai1] 20/1/2022 14:42

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

[cerrito] 18/1/2022 08:53

Good stuff but reality is that nothing less than what Mr Market is looking for even at the reduced share price.

[cerrito] 06/11/2021 20:18

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.

[cerrito] 16/10/2021 17:32

Just got round to listening to the IMC presentation of the other week. No surprise that it was very clear and questions well answered and well worth 40 minutes of one’s time. Dividends not on the immediate horizon as they have M&A ambitions especially in enterprise. Fair enough as they have the strength in both management and balance sheet. I have no holdings in business travel shares and no immediate plans to have any and noted that they expected they anticipate that their international travel expenditure will go back to 60/70% of pre Covid expenditure. I have no plans to buy or sell in the immediate future. I see the price has weakened on minimal volume in the last three days. In the last six months we have had just 2 change of holding RNS’s both with Canaccord modestly increasing their holding.

[cerrito] 28/9/2021 08:11

A very pleasing set of results especially bearing in mind the strengthening of sterling with 30 pc of sales in North America and another 30 pc in Asia /ROW. If they continue at this rate we can talk about dividends. That said even with the eps increase from 1.6p to 2.9p the pe ratio is such that Mr Market has high demands for eps growth. Incidentally I think they would have done better to do the announcement next month ie after Friday. We still have the interims of all those companies with December year end coming out. Next week there will be a dearth of news. .

[davr0s] 21/6/2021 22:06

No it's a retrace in an uptrend on any meaningful timeframe. Primary trend still very much up.... unless you are trying to day trade this

[charlie9038] 21/6/2021 20:43

down trend again, need news

[cerrito] 09/6/2021 08:41

Good that they reminded us they will be hit by a stronger pound. Good that better than management expectations - problem is that that is rather a meaningless phrase. Much more useful to compare to market expectations and then define their understanding of market expectations. If they can do so well with reduced travel costs, I would have cut my holdings in hotel and airline shares if I had any.

[charlie9038] 09/6/2021 08:08

Good RNS should start to move now :))

[charlie9038] 15/5/2021 07:39

What caused the 10% drop in May?

[charlie9038] 07/5/2021 11:06

Not a lot happening here with this share.

[charlie9038] 10/4/2021 13:33

No more news to keep the rise up!

[charlie9038] 16/3/2021 17:35

nice rise today

[cerrito] 09/3/2021 14:13

Good that the price has survived Forager slimming down their holding

[skinny] 09/3/2021 13:51

Wrong thread apologies.

[cerrito] 23/2/2021 12:43

Good presentation yesterday on Investor meets Company. They were very clear not to expect a dividend in the next couple of years as they anticipate to use their cash for expansion both organic and inorganic…and we should prepare ourselves for an acquisition. If I had been more on the ball I would have explored the issue of the depth of management, although this format does not lend itself to such matters. More emphasis than I had expected on the loss of the major contract at the end of 2019 in the mobile division. Remember than in the 2018 AR they did say that one customer contributed more than 10% of revenue-ATT, They have not forecasted any revenues from AWS. I was struck by the bullish tone for H2 revenue growth. Where does this leave us? The Investors Champion point in 697 is well taken. The price is vulnerable to some profit taking by the likes of people like Forager who came in at 60p and will have some nice FX appreciation. It is good to see that the last change of shareholding RNS was early last October. I have slimmed down over the last year-too early as it transpires-and do not see myself buying or selling in the foreseeable future.

[energeticbacker] 17/2/2021 09:50

Investor's Champion comments: Blannco trades at a mighty 54x consensus forecast earnings for the financial year ending June 2021, which seems quite a full rating for a business where revenue at the Group level is only growing at high single digit percentages.

[cerrito] 16/2/2021 08:53

Given the recent increase in the sp, I am not surprised that there was a small retrace with these very solid and reassuring interims.

[matt123d] 01/2/2021 18:50

Looking good here.

[sphere25] 04/11/2020 13:40

Questor sure have some clout. The buying today has been very significant with an almost continual stream. Currently have buys at 190 being printed as sells with the bid-offer at 190-192. On a different day this one rallies 10-20% on a fraction of the 607k volume currently showing. Clearly a seller in size here (M&G have been the main seller moving down from 13.93% in early March to 4.64% in mid June) as this amount of buying or the increasing stake that Inclusive Capital Partners have been building hasn't been enough to shift the price higher. Carries a premium rating this, but always has been expensive. CEO lobbing too recently. Possibly a quick trade if it looks like M&G clearing but it looks like it is going to take alot more buying! Noted a few of these streams of buys of late. Distinguishing the real sustainable moves from the social media ramps isn't always straightforward. Not on social media, but seen alsorts on there. One with a near 100% accuracy on index trading quoting something like 498 profitable trades out of 501. Erm....yes ok. Absolutely believable ;-) Folk still lap it up. If you can hit 70% of your share trades (let alone indices) over a decade, that is close to perfection imo.

[cerrito] 08/10/2020 18:18

I had never heard of Inclusive Capital Partners who have suddenly emerged as a 10pc holder. Hardly surprising as it was only founded in June this year. The following is its mission quote It is the next iteration of my investing career — scaling another untested strategy – that working with management teams and boards with the courage to lead on solutions to climate change and social inequity can generate massive shareholder value." unquote More info on hxxps://www.prnewswire.com/news-releases/valueact-capital-founder-jeff-ubben-to-retire-to-launch-inclusive-capital-partners-301082555.html I listened live to the Tuesday presentation and want to listen to it again as Matt-correctly-went along at speed. I do not see myself buying more at these prices and repeated congrats to those who sold out at 245 in the short lived spike a few weeks back.