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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 0.0% 250.00 245.00 255.00 250.00 250.00 250.00 657 00:00:00
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 351 to 373 of 725 messages
Chat Pages: Latest  17  16  15  14  13  12  11  10  9  8  7  6  Older
DateSubjectAuthorDiscuss
25/4/2017
07:37
Borrowing facility available is £11.5m which expires Oct 2019. Net assets £44m at Dec 2016: OK just goodwill etc but this is a technology company. Net debt at Dec 2016 was £5.9m. Projected to be around £5.5m at 30 June 2017. Sentiment is horrible but 3Q trading performance was strong. IMHO raising £4m should be achievable by more borrowing or equity funding. I don't think I care as long as company continues to trade profitably. Maybe a full takeover could be triggered?
chasbas
25/4/2017
07:04
CFO departing after 6 months was a red flag £4m cash shortfall
nw99
25/4/2017
06:44
i think it probably does
robow
25/4/2017
06:17
Have to wonder if today's RNS explains why the CFO left so suddenly? Seems bizarre to me that the co is so skint.
tournesol
05/4/2017
15:03
Just added at 222p. Peel Hunt TP 340p (buy) Panmure Gordon 326p (buy) Cantor Fitzgerald 270p (hold) I don't even think I'm being brave.
chasbas
22/3/2017
10:28
A recording of the recent results webinar is now avaiable to view at: https://www.youtube.com/watch?v=Kqal7kUSVVI
hannahh
16/3/2017
09:48
Hargreaves Hale took the opportunity to increase
robow
15/3/2017
12:55
Was it a profit warning? "In erasure, Blancco grew its sales at a rate of 10% on an underlying constant currency basis, which is a performance below the long term trend. The root cause of this slow down was insufficient headcount in the direct sales force, which with hindsight we did not expand sufficiently over the previous financial year, when the revenue line grew by 35%. From a sales force sizing perspective, strong performance with large orders over the previous financial year allowed the business to expand revenues ahead of its sales force capacity. This sales force sizing issue has been addressed in the half year just ended, in two ways, driven by our new Chief Revenue Officer, Steve Holton. Firstly, we have added 17 new direct sales employees across our geographies, which has begun to grow the sales and pipeline in the second half of the year. Secondly, we have built out the partner business development function announced in our last results, with five relatively senior hires..." The company is trading on 5x turnover, which suggests it is still not cheap despite this hiccup. Time will tell whether this is a short term blip, but the troubles of NCC show what can go wrong with rapidly growing cos.
weatherman
15/3/2017
12:24
I had a large holding in Blancco which had done very well and was up about 30%. Yesterday I sold first thing and saved myself losing 20% of my stake. That is not panic, that is good management. When/If I return I will have more money to reinvest than would have been the case if I had stayed put.
tournesol
15/3/2017
12:15
Hi velod....maybe the CFO's resignation was not that sudden given that he has been immediately replaced by a quality interim CFO...the CEO states: "the board remains confident in delivering market expectations for the full year." Can I point out that Panmure Gordon (joint broker) published a long supportive note + long notes from Edison and Equity Development. ED are running a webinar tomorrow. Does this mean: 1. Blancco is rubbish and needs lots of positive support - a sign of weakness or 2. There is a fundamentally positive story to tell? Institutions are clearly buying quite big. Time will tell. My personal view is that private investors panicked out yesterday and will regret it. In one year I bet Blancco will report a stonking H1 and, importantly, the figures will be clean. Good luck everyone.
chasbas
15/3/2017
11:29
Edison Investment Research has just initiated coverage with a long article (16 pages). I am working my way slowly through this but see that they forecast "strong profitable growth". They explain why the balance sheet has deteriorated but I have my reservations.
varies
15/3/2017
10:44
Chasbas - contrary to your assertion that no profit warning has been issued, a shock resignation of the CFO without any advance warning or reason given, IS a profit warning.
velod
15/3/2017
10:36
Overall a well reasoned post Weatherman, but I'd take issue with your inference that sales are poor possibly due to a lack of sales staff. . . . When sales are slow or down you've got to be able to say each salesman is breaking budgeted sales forecasts so if only we had more sales staff we'd do more of the same. . . . Unless the current sales staff are breaking their sales targets then I don't think more sales staff producing similar mediocre performance can be held as the remedy alone.
velod
15/3/2017
09:40
Some small buying this morning. What seems to have happened, partly reading between the lines of the statement, is that the company was experiencing slower growth due to insufficient numbers of sales staff. They say they are trying to resolve this. Also there may be a lack of focus on recovering unpaid bills. This may have been laid at CFOs door, hence his removal. Just guessing on this last point. I am thinking of reinvesting once it becomes clearer that the slow down is sales is just a short-term hiccup. So I think the price will hover around current levels for a few months, but I may be wrong.
weatherman
14/3/2017
16:28
Research out earlier from Equity development www.equitydevelopment.co.uk/edreader/?d=%3D%3DgM3IjM
brummy_git
14/3/2017
16:26
BTW there is clearly some institutional buying
chasbas
14/3/2017
16:24
IMO and at risk of appearing hopelessly naive: despite disappointing numbers and shock departure of CFO this was NOT a profit warning. Assuming management sheds some light on Thursday during webinar re departure of CFO I think the share price will stabilise...nothing fatal has happened to the business, just growing pains particularly re the establishment of new and larger sales channels. Remember this business cannot be easily or quickly replicated by competitors.
chasbas
14/3/2017
15:51
http://www.stockopedia.com/content/small-cap-value-report-14-mar-2017-gym-bltg-175455/
zho
14/3/2017
15:27
interesting note by equity development today. panumure gordron and peel hunt target prices unchanged.
mfhmfh
14/3/2017
14:10
Perhaps around the £1.97 - £2.20 mark might add some value for people looking to take a punt on it?
bulltradept
14/3/2017
10:06
Nurdin, I use Barclays and was lucky that there seemed to be some demand out there on the bell, so could get rid of some stock online. After the first minute or so it became a lot more difficult! I feel sorry for the pre-open buyer at 308p... I also noticed this: Http://itrenew.com/itrenew-prevails-in-patent-non-infringement-lawsuit-against-blancco/ "ITRenew Prevails in Patent Non-Infringement Lawsuit Against Blancco by ITRenew | Mar 9, 2017 | News from ITRenew - An Industry Leader in ITAD Solutions, Relevant - 3 Vulnerabilities - blog post | 0 comments Suit dismissed after two separate examinations by a Blancco-appointed expert found no evidence of infringement by ITRenew’s Teraware ITRenew, an industry leader in IT asset disposition (ITAD) and data sanitization software for large-scale data center decommissioning, today announced that the company’s patent non-infringement lawsuit brought against Blancco Technology Group has been dismissed. Blancco had been court-ordered to file infringement claim by March 2, 2017, which would have required the company to produce actual evidence of infringement. Blancco instead filed stipulation for voluntary dismissal after two separate examinations of ITRenew’s Teraware by a third-party digital forensics expert found no evidence of infringement of a Blancco patent covering a particular method for erasing data from solid-state drives (SSDs). “It is extremely unusual in such cases that a countersuit asserting actual infringement is not filed, which speaks clearly to the irresponsible allegations made by Blancco,” said Aidin Aghamiri, vice president of corporate strategy at ITRenew. “By filing the voluntary dismissal, Blancco effectively retracts its unfounded allegations, but that’s not what the company will lead the public to believe.” With no good faith basis to assert counterclaims, Blancco contends in a press release it issued last week that Teraware uses compressible data, and any system that uses data compression is a security liability. According to ITRenew’s director of product management Matt Mickelson, who was closely involved in technical analysis of the patent claims, Blancco’s position is both inaccurate and misleading. etc"
rivaldo
14/3/2017
09:45
this is the most rediculous scenario of a company that hs been presented by the managers as incredibly innovative and in a niche business and we get an rns which seems to read positively and then we see a n share price in free fall- well i hope i have done the right thing and sold as well i am curious what on eartyh they are going to say in the webinar in 2 days time?
ali47fish
14/3/2017
09:29
Avoid when a CFO departs suddenly
ny boy
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