Blancco Technology Share Discussion Threads

[ilovefrogs] 17/2/2020 12:55

Bit of weakness before the figs tomorrow. Hopefully not bad news leaking out early.......

[ilovefrogs] 31/1/2020 09:08

Astonishing recovery in the shares back to 2016 levels. I had written these off for dead, but never sold, and am very happy to see them back at break-even (for me). They may well continue to rise if figures are good, but this is one roller coaster I'm very happy to get off of here. Good luck to existing holders from here though - I genuinely hope you make further gains even though I won't be participating!

[garth] 31/1/2020 07:46

Cerrito,

I am hoping that we will see a reversal in AEG this year after a terrible 18 months. If it turns, gains should be in multiples. Risky

OMG - slowly climbing. I have put some a bit more long term cash in it recently. Not cheap - but throwing off cash.

ALY - long shot, but I wonder if it might be a good recovery play. No debt. Risky.

Not advice to buy any of those though. This one is doing alright on its own.

G.

[cerrito] 30/1/2020 23:51

Very pleasantly surprised at this strength especially if M&G and Forager are lightening up.
I am somewhat up yo lightening up but question is where do you reinvest.

[garth] 30/1/2020 07:40

Looks like I called this one wrong as stretched on multiple. Well done holders.

G.

[mfhmfh] 29/1/2020 17:27

huge volume today

[cerrito] 21/1/2020 08:10

No idea why BLTG think they need two brokers but good that the new one is an established name rather than a bucket shop.

[cerrito] 16/1/2020 18:24

Good that the share price has been able to take in its stride the reduction by JO Hambro from 9.89pc to 4.78pc and the trimming by Forager(who have done very well here)

[cerrito] 15/12/2019 21:42

Anyone able to get to the AGM?

[equitydev] 12/12/2019 17:30

Blancco seems to be building up a real head of steam. hxxps://www.equitydevelopment.co.uk/company/?company=Blancco+Technology+Group&c=ygDO

[zulu_principle] 03/12/2019 09:51

Some movement at last!

According to Blancco’s web site there are approx 74.6m shares in circulation of which nearly 73% are held by (hopefully) long-term institutional investors and a further 3% by the employees Benefit Trust (these figures may be slightly out of date as they haven’t been updated by Blancco since Nov 7th). Details aren’t given for any other significant holdings below the 3% threshold.

Until the last few days we therefore had a freely tradeable (i.e. non-institutional) balance of approx 18m shares. Unless there are unreported sales this balance has been reduced significantly by just under 600k in five large purchases on 27/11 (all at 130.5p) and approx 3.3m yesterday (mostly at 148p) – indicating a freely tradeable balance now of around 14m shares (19% of total equity).

It’ll be interesting to see who the buyer is / are but it looks like our patience is being rewarded.

[cheshire man] 01/12/2019 08:25

Tipped in MIDAS today

Midas verdict: Blancco is a robust business in a fast-growing industry. The company is also likely to prove resilient whatever the external economic or political conditions. At £1.32, the shares are a buy.

[cerrito] 29/11/2019 17:32

Given that M&G have in recent years at least abstained from voting at the AGM's not too bothered that they continue to reduce at a stately pace their still sizeable holding.

[cerrito] 30/9/2019 15:47

Interesting to see that Soros continues to increase their holding-now 20%+ compared to 10% in December 2018.

[cerrito] 24/9/2019 23:20

I was expecting a somewhat more enthusiastic response today but I do take Garth’s point in his 634.
For those who have not done so already, I would recommend you listen to the webcast-both the presentation and qanda were-for me-good.
Hope to write something up when I have digested the webcast, RNS and ED report.

hxxps://webcasting.buchanan.uk.com/broadcast/5d53bd66a98d141c9d04c584

[mfhmfh] 24/9/2019 15:58

Peel Hunt today reiterates buy rating and 173p target price.

[edmonda] 24/9/2019 07:54

Yes, decent growth and outlook

Revs +13.4% LFL to £30.5m with adj EBITDA, EBITA and EPS coming in at £5.2m, £2.5m and 2.47p.

Equity Development research now out with FY20 estimates and 175p/share valuation unchanged.

For full note, free access, click here:

[garth] 24/9/2019 07:52

Still think the rating it currently commands is generous based on the current tiny profit and not exactly startling growth. That said, it is growing. Some by acquisition.

G.

[zipstuck] 24/9/2019 07:50

Good cash generation and a positive outlook

[mfhmfh] 24/9/2019 03:50

Let's see what later today brings...

[garth] 15/9/2019 12:24

Thanks Varies.

Not invested at present, but keeping an eye on it drifting down. I cant decide whether is is just about at that rising tend line, or down through it.

G.

[varies] 14/9/2019 12:45

The answer to my question appears on the company web-site and I should have looked there before writing my post here.
It is Soros Fund Management that owns 18% and not the security company whose details I found.

[varies] 14/9/2019 12:08

Having made some money in BLTG and having lost some, I feel no great confidence in my judgment but have now returned on a modest scale as a buyer.
Can any of you cast light on our major shareholder, SFM UK Management LLP ?
They hold 18% of the capital, mostly bought within the last year or so.
My internet search shows them to be a privately held security company whose business is essentially physical : the provision of guards and the monitoring of security systems.
It is difficult to see that this business has anything in common with that of BLTG.
It may be, of course, that SFM UK Management LLP is so profitable that they can afford to hold £16 million worth of BLTG shares, perhaps as part of a large portfolio.
The latest announcement refers also to Soros Fund Management but does not show Soros as holding any shares.
I will check now on the BLTG web-site for an answer to my question but would be glad of any guidance from posters on this board.

[equitydev] 27/8/2019 12:28

Blancco highlighted (page 4) as a potential acquisition target in today's M&A related research report - UK plc ‘going for a song’.

hxxps://www.equitydevelopment.co.uk/2019/08/27/uk-plc-going-for-a-song/