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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% 172.50 170.00 175.00 175.00 172.50 175.00 0.00 08:00:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 33.4 -0.2 1.6 107.8 131

Blancco Technology Share Discussion Threads

Showing 451 to 474 of 725 messages
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DateSubjectAuthorDiscuss
04/9/2017
08:24
"with the shareprice falling by 75% over the past 6 months".

Mas, I suspect more of the same to follow.

kemche
04/9/2017
08:20
Re #462: And an even worse taste for those institutions who participated in the tender offer at 240p in May last year. The incumbent CEO & CFO sold their shares into that fund raising and subsequently departed. Very glad that I also sold my shares @235p at that time and exited altogether as this year has been an ongoing disaster with the shareprice falling by 75% over the past 6 months.
masurenguy
04/9/2017
08:15
The Auditor is rightfully getting picky over full-year figures.
Clawson now gone. Nobody wishes to be associated with old management and new directors will want to start with a clean sheet.
All fairly predictable IMHO.

eagle eye
04/9/2017
07:47
Past placing at 169p will be leaving a very nasty taste for some fund managers. What's news next
its the oxman
04/9/2017
07:09
that's why averaging down is regarded as a no no.
runwaypaul
17/8/2017
10:33
On the understanding (am I being over-confident here?) that the cash-flow blow was a one-off and the turnaround is now firmly under way, I averaged down today at 107.7p.

Maybe the worm could turn decisively with the results in early October. If so, I now need the share price to rise to 172p for me to be breaking even.

arc en ciel
16/8/2017
12:21
Bought here like the turnaround
nw99
16/8/2017
09:34
had second thoughts and exited at breakeven atb
moneytree1
04/8/2017
14:10
Agreed. Patience young man...!!
ilovefrogs
04/8/2017
13:53
Wouldn't it be great to have a bit of positive newsflow ahead of results on 3rd Oct results? Not very enjoyable holding this stock.
chasbas
25/7/2017
12:47
All true, yet for me, all in the price already. We'll see what happens, but one sniff of good news here, and one can expect a very sharp bounce.
ilovefrogs
25/7/2017
12:30
strange1
Very succinctly put !

varies
25/7/2017
11:43
The only market they appear to have cornered is not getting paid. Good margins without cash flow is worthless.
strange1
24/7/2017
09:41
Cerrito
It would indeed be interesting to know who sold these shares and who bought them
So far over 300,000 have changed hands this morning.
(Morningstar gives a figure of c175,000 for the 90 day average daily volume.)

The excess of current liabilities over current assets is worrying and so is the recent exodus of directors.
On the other hand the volume of sales and the profit margins are impressive, if we can believe them, and Blancco does seem to have cornered an important market.
I was going to buy a few more shares today but will wait to see whether those sold on Friday have found a good home.

varies
22/7/2017
15:46
I see that 2.3m shares traded on Friday-3.5% of total so perhaps we will have a change of ownership RNS on Monday
cerrito
19/7/2017
09:34
Once again I have reached out for a falling knife and cut myself. This share looked cheap to me at 120p !
The generous emoluments to which PJ1 refers must leave a sour taste in the mouths of shareholders who held through the fall from 300p. Luckily for me I didn't.
I still believe, however, that BLTG's erasure business is essential and that profits will recover after recent setbacks. I like to think that there is a decent chance of a takeover bid.

varies
18/7/2017
11:59
An established business with an EBITDA margin of 30% that is eating cash...........either the model is wrong or execution is poor. Difficult to take a view on what price would represent a good entry point with further dilution down the line.
strange1
18/7/2017
09:41
Getting ready to break 100p? Need some positive news from somewhere otherwise it feels kind of inevitable.
its the oxman
18/7/2017
09:39
Good post chasbas - I agree with that. I've been buying as it's fallen and been wrong so far. However, in it's favour now is this:

- cheap on P/sales and EV/EBITDA and PE
- Financial mismanagement rather than operational, new finance team now in place
- Core product still looks excellent, and still growing substantially. Has to be a great market given data protection laws
- Stock must now look very attractive to a foreign buyer

If it falls below 100, I'll pick up a few more.

GLA

ilovefrogs
18/7/2017
08:26
Agree with everyone. The bears got this right.
However, Finncap is still forecasting increasing revenue and profits but not cashflow.
His forecast for year to June 2019 are sales £41.8m, Adj EBITDA £13.1m, Adj PBT £9.9m, DPS 2.3p.
This gives at 108p a PER of 11.9x. Page 3 of his report shows Blancco to be the cheapest company in a Comps table.
Sell recommendation is due to cashflow and valuation of 80.3p.
Newsflow has been terrible but to me the jury is out on future company fundamentals.

chasbas
18/7/2017
08:06
GHF,
Thanks for the FinnCap summary.
This might make an excellent investment at some stage, but I expect October's figures will clear the deck, so for now it's one for the watch list.

eagle eye
17/7/2017
22:43
Another brutal note out on BLTG from finnCap today. Can't recall a similar initiation note or update so scathing of a company before.

Also surprised that the shareprice failed to react, but then again, perhaps an indictment that most retail investors are now by & large out of the stock.

Snippet,

"In view of provisional results, we downgrade both FY18 and FY19 forecasts after reviewing our cost assumptions: FY18E EBITDA £9.1m (prev: £11.0m), meaning that (ex provision) EBITDA will be flat y-o-y.

Furthermore, we expect continuing cash pressure, with expected FCF of £-3.8m in FY18 vs. £-5.2m in FY17, suggesting that Blancco might need an additional £4m cash in FY19. In view of revised forecasts, we adjust our target price to 80p and reiterate our Sell recommendation."

Best of luck to holders. I won't be joining you unless a new management team is appointed.

Kind regards
GHF

glasshalfull
11/7/2017
22:23
In terms of acquisitions no cash spent on acquisitions in H2 calendar 2016 ie they have made none in the last 12 months +.
cerrito
08/7/2017
01:15
Hi Stockscanner
Just wondering where you got the bit about Blancco's "growth is not organic – its either fx related or due to acquisitions. Kevin Ashton from Cantor estimated organic growth at less than 10% yesterday."

Don't suppose you could either post a link/summary to/of Kevin's report on the BB, or stick it online somewhere?

BG

brummy_git
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