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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 225.00 | 222.00 | 228.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
25/1/2017 11:00 | Equity Development; Blancco is the world's leading global developer of 'data erasure' software, used to protect governments & corporates from ID/data theft and cyber-crime, along with being a pioneer in smartphone diagnostics (Xcaliber). Historically, you would normally have to send a broken mobile off to a repair centre, which could literally take weeks. Fortunately there is now a much faster, cheaper and simpler option - by plugging the device into Xcaliber's clever diagnostics software, which identifies and fixes the vast majority of common handset faults. So good are the applications that today Blancco announced it had bought the remaining 51% stake of Xcaliber Technologies that it did not already own, for up to $5.5m in cash. $0.8m was paid on completion in March, with the other $4.7m spread over the next 3 years, dependent on the achievement of pre-determined revenue targets. Not only operating is Xcaliber active in a global addressable market perhaps worth >$200m pa: after a successful 6 month trial covering 200 in-store kiosks, it has signed a ground-breaking 3 year licensing agreement (non-exclusive) with a major North American telco network (as yet unnamed) that will see its programs rolled-out across >5,000 of the customer's US outlets. We have accordingly upgraded our forecasts, and believe that the acquisition will be earnings enhancing within the first 12 months. That said, the stock has risen by >10% since our previous note in March, meaning that the strike price for the forthcoming £50m tender offer (run as a Dutch auction with a 215p-250p range) is likely to be nearer 230p/share, as opposed to our original thoughts of 200p. Consequently with a higher assumed sharecount (ie post buyback), we have trimmed our share price target from 240p to 225p. | davebowler | |
25/1/2017 09:48 | New highs - looks like the trading update has got people's attention. | rivaldo | |
23/1/2017 14:20 | Yes looking very good now. Have been reading EDs September note which I must admit paints a very exciting picture of Blanccos growth prospects going forward.In addition to forecasting nearly 30% compound growth in earnings for the foreseeable future,there is a suggestion that the company may leverage their current market position in data erasure to branch out into other areas of data protection which could give another boost to earnings.All in all I got the feeling that the stock not only deserves its current rating, but could be considered undervalued given the growth potential. As SCSW said in their main coverage of the company last April: "One day, says Dhody, you can imagine a world where even your Toyota connected car system, home automation system or your healthcare device will have a Blancco button on it. At US$1 a pop on a billion devices, it could be B-I-G bucks. Buy." | nurdin | |
23/1/2017 12:04 | Buying at 250p now - and sellers are getting a big premium on the 242p bid by selling at 245p. Nice demand out there methinks. | rivaldo | |
22/1/2017 22:11 | Great close on Friday - new highs and a series of Buy trades at 245p during the afternoon. Hopefully set fair for more this week. | rivaldo | |
20/1/2017 14:42 | Looks like new highs (just!). And news from yesterday which should bring in more business for BLTG: "OEM Corporation is a Canadian company based in Mississauga that provides secure and sustainable end-of-life IT management services. We remove, report, repair and repurpose end-of-life IT assets, with the environment always a priority. We work with mid-sized companies through to Fortune 500 corporations, as well as healthcare, educational institutions and all levels of government. To ensure secure data erasure, OEM uses Blancco, the global leader in data erasure" "MISSISSAUGA, Ontario, Jan. 19, 2017 (GLOBE NEWSWIRE) -- OEM Corporation has partnered with reBOOT Canada to deliver essential technology to underserved Canadians through a unique partnership that will donate up to $750,000 cash over three years, and work towards solving the often-overlooked technology gap.... ....OEM will manage transportation, delivery, warehousing and donor account management to reBOOT Canada, which provides refurbished computers, ongoing education and wireless access to some of Canada’s most tech-challenged youth, families and not-for-profit organizations. etc" | rivaldo | |
19/1/2017 15:11 | Promotional post - The Growth and Innovation Forum will show you how to take advantage of new investment opportunities in technology stocks and funds. Come and see Keith Butcher, CFO - Blancco Technology Group and 20 other companies present at the Growth and Innovation Forum on 31st January 2017 at Business Design Centre London. Find the next stock market ‘winner’ The other companies also presenting Jaywing, RedstoneConnect, Blancco Technology Group, CloudCall, Frontier IP Group, CyanConnode, Bango, LoopUp, CityFibre, TP Group, AJ Bell, ANGLE, Legal & General UK Alpha Trust, Defenx, Instem, WANdisco, Collagen Solutions, Avacta, One pm Finance, Cenkos Securities and Mirada. | sharesevents | |
19/1/2017 13:31 | Panmure Gordon expect net debt to reduce, and conclude as follows, saying Buy with a 326p target: "Blancco technology, a leading provider of data erasure solutions and mobile device diagnostics, has announced that its underlying profits are ahead of expectations. Organic sales growth remains strong, the group continues to win larger ticket orders and the mobile diagnostics is performing ahead of plan. Consequently, we are raising our FY17 PBT forecast from £8.0m to £8.3m." "Valuation: Over the last 6 months the shares have been range bound (220p-240p), despite delivering strong double digit top-line and earnings growth. As a consequence, the forward earnings multiple has significantly contracted. The 12 month forward EV/EBITDA has reduced from 20.2x (Nov-15) to 13.3x (today). The forward P/E has reduced from 35x to 22x". | rivaldo | |
18/1/2017 16:10 | Positive update this morning tempered by disclosure of a lower cash position flagged in the final paragraph. The Equity Development note has clarified the situation & indicated a negative £5m cash swing on their expectations, which may account for the muted response on an ahead statement, "Moving to the balance sheet, we understand underlying cash generation was strong, albeit offset in H1 by the payment of prior period expenses and one-off M&A costs – thus leaving net debt of £6m as at 31 st Dec’16 (vs £1m net cash Jun’16). On top there is £2.2m of deferred consideration expected in H2, which coupled with other corporate expenses, means net debt is set to close June 2017 at circa £3.5m, vs £1.7m of net cash previously anticipated." Underlying business doing well but I'd hoped for a stronger b/s truth told. Kind regards GHF | glasshalfull | |
18/1/2017 15:26 | Rivaldo, I agree with your views on broker targets, my post 260 was "tongue in cheek" really just pointing out the wide discrepancy between targets. More importantly BLTG seem to be destined for upgrades in due course, growing niche, sound finances and good management all as you refer to in post 262 above. | robinskardon | |
18/1/2017 15:11 | Hi nurdin. I see broker targets being hit on a regular basis. Just this morning BOTB's share price was well ahead of Finncap's target price, and Finncap heavily upgraded to catch up. More often they're exactly that - targets. Look at the sort of ratings G4M or BOO and the like are on, and some of their target prices are even well ahead of where they are now. In that context Peel Hunt's 340p target here is perfectly realisable. All I'm saying is that the markets are unpredictable, and if a company find support it's surprising just what share prices can be attained and retained, so to write off a target price completely as "wrong" is just a subjective view at the time which may or may not prove to be completely incorrect. But I completely agree that targets should be reviewed carefully, and some are more realistic than others! Meanwhile the BLTG price continues to rise. | rivaldo | |
18/1/2017 13:05 | Thanks for the ED report...very thorough with well rationalised and sensible target price. I know its not a precise science Riv but some analysts have the habit of coming up with outrageous targets without any backing for the forecasts.Also how often do you see companies share price hitting the targets? A recent analysis by Stockopedia showed that most companies fall well short of the targets even on medium term view.I am not saying that will be case here just making the point that brokers targets need to be treated with care. In the case of Blancco,ED with their analysis and earnings projections have come up with a very believable( perhaps on a 2 year view) 275p target....made more believable by the likely exponential growth in data security market globally. | nurdin | |
18/1/2017 12:08 | Cheers - ED have lifted their target price to 275p (from 255p). Hopefully this direct link will work: No-one knows whether Peel Hunt's 325p or anyone else's targets are "correct" or not, and it doesn't really matter as this isn't a precise science. The overriding point is that BLTG are seemingly on a roll, their products are in demand and should continue to be for the foreseeable future, they have a sound Balance Sheet and they appear to have extremely capable management. On that basis the market will value them highly and should continue to re-rate them, more or less quickly depending on trading progress, contract RNS's, acquisitions etc. | rivaldo | |
18/1/2017 11:58 | Research out today from Equity development. www.equitydevelopmen | brummy_git | |
18/1/2017 11:33 | Cantor Fitzgerald have also reiterated their Buy and 270p target today. Who is right?! | robinskardon | |
18/1/2017 10:33 | Peel Hunts target looks miles away from here.What will cause the share price to rerate to that level? | nurdin | |
18/1/2017 09:22 | always like 'ahead' updates | robow | |
18/1/2017 09:22 | Peel Hunt reiterate their Buy and 326p target today. | rivaldo | |
18/1/2017 07:12 | Trading update - results to be ahead of expectations and H1 trading strongly ahead :o)) Clever of them to say "modestly" ahead at this stage as there's still some time to go to the year end, as this gives them leeway to further upgrade assuming the strong trading continues to 30th June - which they hint that it will given their confidence going forward: | rivaldo | |
15/1/2017 14:44 | Interesting read if you havent already seen it. | nurdin | |
10/1/2017 08:56 | trading update next week? | mfhmfh | |
10/1/2017 07:21 | Good to see BLTG filing for two more secure data erasure patents: The IP is what really gives BLTG core value and will contribute to BLTG being acquired in the fullness of time imo. | rivaldo | |
04/1/2017 09:06 | Yes nice to see.He has seen the light ! :o) | nurdin | |
04/1/2017 07:27 | RNS - very encouraging to see the CFO make his maiden share purchase, buying a whopping £51,000 at 225p: | rivaldo |
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