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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
  4.00 1.63% 250.00 245.00 255.00 250.00 246.00 246.00 14,141 14:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 33.4 -0.2 1.6 156.3 189

Blancco Technology Share Discussion Threads

Showing 326 to 347 of 725 messages
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DateSubjectAuthorDiscuss
14/3/2017
09:11
Disappointing results + unexplained departure of FD = shock factor but no profit warning for future. Fundamental positives remain intact. I'm a buyer
chasbas
14/3/2017
09:04
I could not get a market quote with TDW..... fill or kill didnt work either.Who are you with Riv ?
nurdin
14/3/2017
08:53
I too sold out today, largely first thing on the bell at around 295p. At this high rating the management, numbers and prospects need to be clear and trustworthy. Management seem to be all over the place - the CFO's departure so quickly is indeed a bad sign. The numbers seemed somewhat lacking, and prospects good but maybe pushed out further into the future with the problems in sales force recruitment and costs therein. As tournesol said, too many red flags. Back on the watchlist.
rivaldo
14/3/2017
08:27
Got out first thing this morning. Could not make head nor tail of the debt or most of the numbers. If its not clear to me what is happening its time to get out, plus the CFO change. Have held these for a while and still believe its a sector to be in, but I shall be watching from the sidelines for now. Good luck to those still holding.
petes5
14/3/2017
08:17
CFO has departed 6 months after being appointed. No explanation given. Red flag. I've sold.
tournesol
14/3/2017
08:13
A little worrying as to what is behind the Board changes (again)
pj 1
14/3/2017
08:11
mmmm - Well that update went down well - NOT !!!
gorilla36
13/3/2017
19:46
Price at ATH and not a whisper here! You guys are getting too blase...:o)
nurdin
12/3/2017
15:34
Thanks Cerrito.Interesting read
nurdin
09/3/2017
11:07
Nice: Thanks for posting this article Riv.
koolio
09/3/2017
10:59
If you would like to hear management present the half year results for Blancco we will be hosting a webinar on Thursday 16th March at 5.30pm. Patrick Clawson, Chief Executive Officer, and Keith Butcher, Chief Financial Officer, will give a presentation lasting approximately 30 mins and there will then be an opportunity for Q&A. To join please register at: hxxps://attendee.gotowebinar.com/register/4499460347271578881 If you would like to submit any questions for management ahead of the meeting please send them to ben.ferguson@equitydevelopment.co.uk Kind regards, The Equity Development Team
hannahh
07/3/2017
14:56
Nice summary of - and positive verdict on - BLTG from a couple of weeks ago on the respected Megabuyte site. It's free to view, unusually as their stuff normally costs lots! I'll copy it here in case it disappears... Https://www.megabuyte.com/news/58a557c2e4b0141ab5f62fa8/blancco-hits-ground-running-2016 "Blancco hits the ground running in 2016 We initiate coverage on AIM-listed data erasure specialist Blancco Technology Group, following a busy 18 months of moving away from the old Regenersis mobile phone repair business and towards being a complete data erasure and diagnostics provider. The period was rich with corporate activity, and fiscal 2016 results detail 49% growth in revenues to £22.4m (35% organic) and 62% growth in EBITDA to £6.9m. The future looks positive as Live Environment Erasure (now called Active Erasure) and the US drive growth, while in a conversation with CFO Keith Butcher, it was made clear that GDPR regulation also poses opportunities for the business here in Europe. Blancco’s life began in Finland in 1997, with its first product, Blancco Data Cleaner, launched in 1999. The company continued to grow, selling primarily in Europe, until it was acquired by Regenersis, a UK-listed, 6,000-man mobile repair business, in April 2014 for €60m. Regenersis continued to operate its core business and Blancco, as well as acquiring active erasure specialist Safe IT in 2014, and Blancco’s US peer Tabernus in 2015. It then sold the original core repair business in February 2016 to CTDI Repair Services for €103.5m and rebranded as Blancco Technology Group. If that wasn’t enough M&A, Blancco then acquired Xcaliber Technologies, a mobile diagnostics specialist, in March 2016, and agreed to sell its Digital Care insurance business for €4.5m in September. The business as it stands today is a data erasure specialist, bringing in core technology and expertise from its current components, the Blancco, Tabernus and Safe IT erasure solutions and Xcaliber mobile diagnostics. The data erasure arm, the largest segment by far, develops software solutions to help customers securely wipe data from a range of devices as part of the IT Asset Management lifecycle on a Cloud-based or on-premise basis. It also provides an “active erasure” solution that is built into a customer’s system, securely erasing files on an enterprise network, based on pre-configured business rules. The mobile diagnostics arm is still relatively nascent, but offers a does-what-it-says-on-the-tin range of products on an on-device or web portal basis. Based on our conversation with Butcher, it seems as though Blancco is one of very few players in the data erasure market with a product of scale and, with the acquisition of Tabernus, has given itself geographic scale ahead of its competition. On the mobile diagnostics piece, though, Blancco is one of many players, including a number of vendors that have diagnostics as part of Enterprise Mobility Management suites. Blancco currently operates primarily on a direct sales strategy, with 275 people, of which 85 are in sales, working in 23 offices across the globe, two of which are development centres in Finland and India. It is also developing an indirect channel model and has a dedicated channel team working with resellers, distributors and other channel partners and sees this as the key to accelerated growth. In the year ended June 2016, Blancco grew revenues by 49% to £22.4m, 35% organically, driven almost solely by Erasure revenues, which increased 45% to £21.7m, while Diagnostics contributed revenues of £0.7m (Xcaliber was only acquired in April 2016). Profit performance also improved, with adjusted EBITDA up 62% to £6.9m, expanding margins from 28.3% to 30.7%. This translated relatively well into cash generation, with operating cash flows more than doubling to £4.9m. Despite operating on a cash-generative model, large exceptional items from the busy corporate activity schedule and a negative swing in working capital requirements restricted cash conversion to 71%. Operating cash flows were quickly consumed by £0.6m of tax payments, £2.5m of capex, £7.8m in acquisition costs and £3.1m of dividend payments, leaving Blancco with a net cash position down from £7.8m to £1.0m at the close of the year. Drilling further into revenues, at a product level, Active Erasure (the former Safe IT business) revenues increased from £0.8m to £2.3m driven by two deals worth over $1m, while Mobile sales rose 42% to £3.7m, although the largest component of revenues is still “IT and other” standard erasure products, which grew 44% to £17.4m and benefit from demand for professional services and hardware products. Geographically, Blancco derives the majority of revenues from the US, which was also the primary driver of growth, up 146% to £9.6m, while Europe grew 8% to £8.1m and Asia and the Rest of the World rose 45% to £5.8m. Now that the worst of the integration is over, Blancco’s main aim is to continue its strong growth trajectory, particularly in Active Erasure products, as well as expanding its presence in the US. Mobile Diagnostics is also of importance although, given the much higher competitive pressures in this area, this will require more time to gain traction. From a regulatory standpoint, GDPR factored into the conversation with Butcher, who sees opportunities for the business as whole, but also in selective and active erasure products. Blancco guided the market for £8m of adjusted operating profit (+31%) on £32m revenues (+43%) for 2017, split £28m:£4m between Erasure and Diagnostics. Megabuyte view Blancco seems like an interesting company that looks well positioned in a market with few players that have serious traction. It also has the geographic advantage, having acquired the most prominent player in the US, which will drive the majority of growth going forward. It is not an area we have covered in much detail in the past, but data erasure does have an almost universal reach across all verticals, with Blancco the dominant player. Mobile Diagnostics is less clear, given the large number of competitors in this area, but having already secured a sizeable contract in the US with a large-scale mobile operator, we look forward to seeing how Blancco differentiates itself in this particular market."
rivaldo
03/3/2017
10:14
BLTG this week published a report into the health of iPhones and Androids, noting that iPhones had much higher failure rates than Androids. This independent review of the report sees BLTG coming out well: Https://www.macobserver.com/analysis/blanccos-report-mobile-device-ios-android/ "I came away from this report feeling that Blancco had done a pretty good job cataloging the kinds of problems that customers are having when they bring their smartphone in for some problem. And they did a good job comparing the problems across several generations of iPhone models. And against Android for a short period of time."
rivaldo
02/3/2017
08:42
I guess BLTG must have reasoned from the outset that if they lose the case because there is no infringement, then ITRenews procedure could be declared unreliable,weakening their market position.A win would result in handsome payout both short term and the long term for them.. A win-win situation !
nurdin
02/3/2017
08:42
I agree with all of that but I'd still prefer a more gracious announcement. Perhaps I'm just old fashioned.
tournesol
02/3/2017
08:23
I suspect it's more about how ITRenew were marketing their erasure product. Now it's clear they use compressible data whereas Blancco views that as more insecure than the uncompressible data method they use - which is what the patent was about.
wjccghcc
02/3/2017
08:19
I am sure it is not just an apology that ITRenew would want now !
nurdin
02/3/2017
08:13
Nurdin is correct. Blancco has accepted that its patents were not being infringed by ITRenew. Shame they were not more gracious about acknowledging their mistake. Never does any harm to apologise when you get it wrong.
tournesol
02/3/2017
08:07
Yes I shared your interpretation Nurdin though the jargon used makes it clear as mud. Anyway, +ve share price reaction so as you say rivaldo probably just good to get it resolved.
penpont
02/3/2017
07:56
Re-reading it you may well be right nurdin - very difficult to judge for a thicko non-legal mind like mine at this time in the morning! The quote at the end makes it somewhat of a pyrrhic victory.....if that. The good news I suppose is that at least it's out of the way now.
rivaldo
02/3/2017
07:35
The other way round I think Riv. Blanccos claim of patent infringement was found to be not valid and hence they withdrew. Atleast that is my reading....and I could well be wrong !
nurdin
02/3/2017
07:16
Good news - looks like ITRenew's litigation was completely spurious and has been dismissed: Http://www.investegate.co.uk/blancco-tech-grp-plc--bltg-/rns/blancco-technology-group-files-stipulation-for-vol/201703020700082877Y/
rivaldo
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