Blancco Technology Share Discussion Threads

[edmonda] 13/11/2017 18:20

Acting CEO is presenting via webinar and taking questions tomorrow , Tuesday 14th , at 4.30 pm

Register here:

[teresagreen1] 12/11/2017 22:21

Reading it again the announcement went to great pains to state that '..no contractual agreement was in place' for the sales contract boooked in June 2016. which meant that the 2016 accounts had to be restated. This amount has now been written off which means there never was a contract! It was made up. Hanover were running the company at the time and had sold all of their shares the month before, so would not have wanted a profits warning in June.

[opodio] 11/11/2017 09:10

Will warn again and beg for more shareholder cash

[zulu_principle] 09/11/2017 09:53

From today's Investors Chronicle web site: For Blancco Technology’s (BLTG) chairman, Rob Woodward, “2017 has been a year of substantial challenges for the group”. In March, Blancco reported higher pre-tax losses for the first half. Come September, management announced the reversal of £2.9m in revenues booked through to June, reducing performance expectations for the full year. The then chief executive Pat Clawson duly fell on his sword and the group’s shares plummeted. However, the market reacted positively to the data erasure specialist's preliminary figures, which detailed a strengthening top line, albeit against restated comparatives in the prior year, including a £1.2m revenue reduction, again linked to contract issues. Some encouragement is provided through a 19 per cent organic growth rate, with a pleasing increase in erasure revenue, coupled with new diagnostics contracts. Reported losses narrowed considerably, thanks to higher finance income stemming from the revaluation of deferred consideration for two previous acquisitions – currency movements reduced the value of these liabilities significantly. Analysts at Peel Hunt forecast adjusted EPS of 3.1p for the year to June 2018, up from 3p in 2017. IC View: No dividend will be paid; bosses remain focused on “immediate priorities” – cash flow, cost management and sustainable revenue growth, although they might want to pay a little more attention to their revenue recognition policies. The shares rose strongly on release of these figures, but the share price is still well adrift of the 300p level seen earlier this year, leaving Blannco trading below its net asset value. Peel Hunt has cut forecast revenues for FY2018 by £3.8m to £30.7m, although that still represents an 11 per cent uplift year on year. Improved sales are to be welcomed, but shareholders would be justified in wondering whether they'll stick over the course of the accounting year. Hold. Last IC View: Hold, 71.5p, 06 Sep 2017

[mfhmfh] 08/11/2017 20:25

This from Wikipedia regarding The General Data Protection Regulation (GDPR):

GDPR 'was adopted on 27 April 2016. It becomes enforceable from 25 May 2018 after a two-year transition period and, unlike a directive, it does not require national governments to pass any enabling legislation, and is thus directly binding and applicable.'

BLTG has the technology. If it can sort itself out the potential is huge. IMHO.

[opodio] 08/11/2017 19:01

this will need another rights issue to fillthe black hole in the accounts

[sharesoc] 08/11/2017 18:46

There is a blog post on Blancco Technology available here:

[masurenguy] 07/11/2017 16:59

Not at all. There is a big difference between investing (owning a share) and gambling (short term betting) which largely relates to oversold shares or momentum trading. My views on BLTG as an investment have already been aired in previous posts and have not changed. However short term betting on a modest basis is tactically taking advantage of a momentum situation which this exhibited today once the results were announced with no major surprises. I've made some potential paper gambling profits today on a spread bet which I will let run for a while since I cannot lose having moved my stop loss ahead of my opening price. However, I still remain unconvinced by the credibility of management and the balance sheet to reinvest here.

[ilovefrogs] 07/11/2017 16:51

Hey Masure - Your first post today says leave well alone. Then you post Paul Scott's view to stay clear. Then suddenly as the price rockets through the high 70s, you reveal that you opened a position at around 63p? Don't mean to be cynical, but I hope you can understand some raised eyebrows at this chain of events......

[ilovefrogs] 07/11/2017 16:00

~4% of the Company traded now. Lots of stale bulls being taken out here.
Closed at 80.5p - phew, what a day!!

[aishah] 07/11/2017 15:51

EU GDPR coming in next year. Data Erasure a huge market and with the right focus this might be worth multiples of current price in 12-18 months. dyor

[masurenguy] 07/11/2017 15:09

You maybe right - clearly there is some short term momentum which I capitalized on earlier today with a spread bet opening at 62.88p which is nicely in profit so far. However I will keep moving my stop loss up in tandem with the shareprice to lock in some gains and see what happens.

[opodio] 07/11/2017 15:05

Will be in mail tomorrow won’t be surprised
If it is 100p

[ilovefrogs] 07/11/2017 14:33

Fair comment I'd say. Still, I'm staying in for the ride for now!

[masurenguy] 07/11/2017 14:00

Paul Scotts opinion: "It's not for me. The accounts are far too complicated, full of adjustments. The balance sheet is weak. I don't understand why it has borrowed from the bank, to leave the cash sitting there idle. If you ignore those factors though, the company does seem to be generating revenue growth, and who knows it might actually deliver some real, unadjusted profits, at some point in the future? It remains to be seen whether the bottom-fishers today will make a sustainable profit, or whether this is just a dead cat bounce? For me, it goes in the too difficult and I don't really trust the numbers tray."

[opodio] 07/11/2017 13:57

Will be in mail tomorrow won’t be surprised
If it is 100p

[aishah] 07/11/2017 13:56

Blancco revenues and adjusted operating profits rise

Blancco Technology's revenue increased by 31% to £27.7m in the year to the end of June (2016 restated: £21.2m), with organic growth of 19%.

On a constant currency basis revenue increased by 17% to £24.7m.

Adjusted operating profit was £3.4m (2016 restated: £4.6m), reflecting higher selling, general and administrative costs, partly offset by reductions in balance sheet provisions.

Adjusted EBITDA was £5.2m (2016 restated: £5.4m).

Adjusted EPS was 3.02p (2016 restated: 4.16p).

Statutory losses after tax were £4.3n (2016 restated: £25.7m) reflecting a series of one-off (exceptional) items including discontinued operating costs.

Chairman Rob Woodward said: 'Following a short period of significant change to the management team and control environment, the team has worked extremely hard to put the business in a robust position to welcome a new CEO who will drive forward Blancco's unrivalled product portfolio to deliver sustainable growth and build shareholder value.

'In the near-term, management is focused on a number of immediate priorities: cashflow and cost management; maintaining sustainable revenue growth; focusing marketing on near-term revenue generation; selectively investing in targeted product development; and embedding greater scrutiny and tighter financial controls across the business.'

stockmarketwire.com

[pugugly] 07/11/2017 11:55

marker for self - 67/69 up 25% on possibly kitchen sinked accounts but ...

[tjbird] 07/11/2017 11:35

Looks like 130p on chart

[garth] 07/11/2017 10:56

Kitchen sink bowl forming on the chart.

G.

[ilovefrogs] 07/11/2017 10:45

21% rise, with more than 2% of the Company changing hands.

[garth] 07/11/2017 10:18

Keep tapping my screen but the chart stays the same... Anyone else's displaying upside down?

:0)

G.

[aishah] 07/11/2017 09:01

Peel Hunt reiterate BUY and 126p target

[ilovefrogs] 07/11/2017 08:53

I think everything you mention is already in the price. Figs could have been far worse - expect a short term bounce back to 100p IMV.

[masurenguy] 07/11/2017 08:24

Management have an enormous task ahead to restore trust and credibility. Furthermore, those who participated in the placing @169p just 6 months ago are nursing a 67% paper loss and it will be a long, hard road to recover their investment.

No position since exiting @235p in April last year - just watching to see if there is any future recovery potential but not tempted so far to jump back in.