Blancco Technology Share Discussion Threads

[ali47fish] 09/5/2016 09:45

this is absolutely maddening- the variety of views here does not help but this continues to fall so i have sold a portion simply because i am down on the one in my isa- not happy at all especially in view of scsw recommending it without commenting on the fco debacle- this people tenderign including the directors are supposed to buy back their shares but no one knows if this is happening and in what way does it alter the situation?

[rivaldo] 09/5/2016 09:06

I tendered some of mine in the end, but will be buying those shares back soon if these prices prevail as prospects are so bright.

I don't mind Hanover/MP's exit as it's understandable given their strategy. The FD's actions are much less forgiveable. Perhaps he hasn't disposed of substantial shares before, in which case I suppose since he's been there a while perhaps that would be a mitigating factor. He does have an incentive package too.

Anyway, I can see BLTG attracting considerable interest given its potential and global leadership position.

[aishah] 09/5/2016 09:03

I will await developments before re-entering. Also view the director sales as a negative here. dyor

[pj 1] 09/5/2016 08:18

Well, I ain't the sharpest tool in the box sometimes, but for the life of me I am still trying to work out how £50m has been returned to shareholders?

''white man speak with forked tongue'' springs to mind, hence I agree fully with Masurenguy's comments above

Masurenguy 8 May'16 - 07:36 - 117 of 121

[nurdin] 09/5/2016 08:13

Jog Dhody...the CFO

[ali47fish] 09/5/2016 08:11

what's jog nur

[nurdin] 08/5/2016 21:23

I think the FD is moving on to greener pastures ..thats the only explanation I can think of for his action.

Aishah ..perhaps they were waiting for the results of the tender offer?

Anyway,I do like their amazing margins and the evolving prospects.This is what SCSW said in their main coverage in the previous issue:


''At the time, there was considerable applause by the investment community that Regenersis had picked up a quality business at only 14x earnings. Not only were the revenues “sticky” but software gross margins were 94% and ebitda margins a mouthwatering 38%. The business has also grown its sales from £3.5m in 2008 to £19.7m in 2015, a compound growth rate of 25.8%.''

There is no doubt in my mind that the business is gaining traction and is poised for stellar growth in the near term.Needless to say,I will be adding if the price goes down further..Jog or no Jog!!

[ali47fish] 08/5/2016 09:47

if the share price falls on minday that will have been the 3d day of fall?

[masurenguy] 08/5/2016 07:36

Perhaps it's because it is very difficult to value the restructured business following the disposal and the subsequent tender process. I still like the long term potential here but I exited at 235p some two and a half weeks ago for that specific reason. I'm still watching from the sidelines for a re-entry point but I would like a bit more insight into future forecasts before stepping back in. I don't see the CFO share disposal as being a positive move at this point in time and it is possible that the we could see a further decline in the shareprice before it settles down again.

[aishah] 08/5/2016 00:59

Strange that SCSW have not put Blancco in their portfolio despite all the positive noises. Dyor

[mccawber] 07/5/2016 23:49

New CEO's want their own CFO's. The CFO was Hanover's guy. Not so strange. Change of guard.

[nurdin] 07/5/2016 14:56

Yes Hanovers disposal is quite understandable. Its the CFOs action which is puzzling!

[wjccghcc] 07/5/2016 14:19

I suspect Hannover wants to move on. They tend to buy into underperforming companies and turn them around. A fast growing software company is not really their thing.

[nurdin] 07/5/2016 13:35

But do remember that the companys prospects haven't changed (as far as we can tell),brokers haven't cut back forecasts( in fact they have upped their estimates)..so don't rush to sell !

[nurdin] 07/5/2016 11:12

SCSW quite positive about the share price...''going miles higher on anticipated newsflow'' they say.But the issue was published before the results of the tender auction were known, not that the results were unfavourable.It will be interesting to see what they have to say about the Directors disposals.

[cocker] 07/5/2016 07:38

The Dutch auction created uncertainty & in my view gave director's the chance to exit at a half decent price. Many scenario ' s flying around but one thing is for sure, all these aim companies are run by directors for directors .My view is that directors wanted to exit so they could cash in their chips. Unfortunately we shareholders are left in limbo whilst directors can buy back in if share price falls significantly or enter via the usual share option grants. All a bit murky & I guess only time will tell.

[nurdin] 06/5/2016 21:52

I quite agree.

Anyone have email address of the CFO?

[supernumerary] 06/5/2016 21:50

Seems a bit daft to me - if they expected their allocation to be cut back, why not just tender a proportion, do it at the strike price, then publish their tender option in the follow-up RNS? That would have been completely open, sold the number of shares they wanted, and got them the best available price - it's really not rocket science. Bleating now that shareholders believed everything they said about future prospects so held on to their shares is disingenuous to put it kindly.

[nurdin] 06/5/2016 21:42

I was given to understand by their broker that they did not expect to get acceptance for so many shares...they were expecting heavy rationing! Dont know whether to believe that..

Ben I agree with you.. them talking up the prospects recently and then selling is what annoys me the most!!

[ben12358] 06/5/2016 21:06

Perhaps look for any TR1 forms over the next few days re institutional selling?The directors tendering so many shares is weird, and on the face of it inconsistent with them speaking up the company's prospects so vehemently recently. (If they now receive options at £nil price, that wouldn't be good, and I wouldn't be interested in this one at all...)

[supernumerary] 06/5/2016 20:10

ali - I hope you don't think I'm suggesting people should sell. I did because I bought a few shares with 'back of the sofa' cash purely as a trade against the tender. I tendered at 140 and was obviously hoping to sell, but if the strike price had come in lower, I'd have had no problem holding to see what happened. I think the directors selling so many shares inevitably makes people stop and think...

[ali47fish] 06/5/2016 19:50

i am staggered to understand why suddenly poeple think we should sell? and why on earth the directors are using the tender to get rid of their shares? have they mad a gain? and where do the institutional investors stand? nobody here is saying they are selling and clearly explaining the reason? so please help with some clarification?