Blancco Technology Share Discussion Threads

[wjccghcc] 20/9/2016 10:32

The current liabilities are higher due to 4.8mm deferred revenues (when they receive the annual subscription up front but it accrues as revenue over the subsequent 12 months).

Non current liabilities include 3.2mm contingent consideration form the acquisitions and 3.7mm provisions - probably to do with the acquisitions/disposal after year end and the legal costs of the patent infringement. You'll find more details in the notes of the annual report when it's published.

[varies] 20/9/2016 09:53

No mention that I can see of the patent infringement litigation with IT Renew.
Another worry I have concerns the balance sheet. Current assets of £18.6 million are exceeded by current liabilities of £23.3m and there are also non-current liabilities of £13.5m.
Am I missing something ?

[pj 1] 20/9/2016 09:50

I'm totally undecided about this Crew and hence have not yet bought back in.

Being a simple person I do not find the RNS easy to read. It concerns me its a bluff

What the Hell is ' thought leadership'? The use of 'should' begs questions.

Is it all Blah Blah Blah?

''New market regulations surrounding data management and a very thinly penetrated market for secure data erasure means that increased marketing and thought leadership, should lead to continued healthy increases in revenue while maintaining the favourable gross margins and profits associated with the pure play software business of the Group''

[nurdin] 20/9/2016 09:32

A very bullish note, well worth a read.Thanks for posting Brummy.

Quite pleased with the results which came bang in line with expectations, on first look.What matters however is the earnings growth going forward which looks set to grow by 30% year on year for the next few years, according to ED forecasts.These are very conservative estimates imo and I expect the growth rate to be much higher than suggested by ED given the accelerating demand globally for data protection,,Blanccos ever strengthening position in the market place and the uniqueness of their technology.

The stock looks very cheap on prospective (2020) pe of circa 12x.

[tini5] 20/9/2016 09:18

I can't buy any via IG - says the market's closed.

[brummy_git] 20/9/2016 08:20

Research out this morning from Equity development

hxxps://www.equitydevelopment.co.uk/doc/1531.pdf

[seans66] 20/9/2016 07:28

Hopefully it fly because of that positive RSN. Lots to look forward to. Strong mgmt appointments & fast growing sector with lots of opportunities.

[ali47fish] 19/9/2016 14:43

why rubber?

[rubberbullets] 18/9/2016 22:15

I think these will fly this week

[fardistanthills] 14/9/2016 16:28

Oops apologies - mistyped - 9 is too near 0 for my fat fongers ;-)

[nurdin] 14/9/2016 16:19

No,next Tuesday 20th Sept

'The Group will be announcing its final results on Tuesday, 20 September 2016. An analyst briefing will be held at 09.30 at the offices of Tulchan Communications, 85 Fleet Street, London, EC4Y 1AE'

[fardistanthills] 14/9/2016 16:17

Full Year Results 29th September.

[larva] 14/9/2016 16:03

When is results

[nurdin] 09/9/2016 11:17

He used the scheme to sell almost all of his holding.Couldnt understand that when he was really pushing the companys virtues at every opportunity.Perhaps the reason is clear now.

[pj 1] 08/9/2016 15:50

Has he carried the can for the ridiculous return of funds to shareholders which, for most, never materialised?

The Co. never did answer my questions how much it cost them (and shareholders) in fees

[rivaldo] 08/9/2016 15:33

Indeed - bit of a coup for BLTG. They must have outlined some rather impressive growth plans.

Goodbye and good luck to Jog then - I always liked him as a person, but wasn't overly sure about his "FD"ness if that makes sense. This is definitely a step up.

[seans66] 08/9/2016 07:31

The new CFO has a Impressive background.

[varies] 05/9/2016 13:34

Litigation is a chancey business and expensive. I was thinking of adding to my holding here but will wait to see how this case goes.
Unfortunately IT Renew is a private company and so one cannot hedge one's bet by investing in it too. Whatever the outcome, the American patent lawyers will be the big winners.

[rivaldo] 30/8/2016 07:44

BLTG issue a report revealing that failure rates are much greater with iPhones than Android devices:

[nurdin] 25/8/2016 11:58

Very interesting Riv,thanks for posting.

Waiting for the outcome of the legal action against ITRnew now.

[rivaldo] 23/8/2016 09:32

News - solving a $4.5 billion per annum problem:



"Blancco Technology Group Launches 'No Trouble Found' (NTF) Savings Calculator for Mobile Network Operators and Device Manufacturers

Calculator Breaks Down Annual Costs Needlessly Incurred from Inaccurately Diagnosing Device Performance Issues & Processing NTF Returns

ATLANTA and LONDON, Aug. 15, 2016 /PRNewswire/ -- 'No Trouble Found' (NTF) returns are a persistent and expensive problem for the telecommunications industry, costing $4.5 billion a year. At the root of the problem is the improper diagnosis and repair of mobile devices when they are brought into retail stores of mobile network operators and device manufacturers.

To remedy this problem, Blancco Technology Group today released the NTF Savings Calculator, a first-of-its-kind tool that mobile network operators and device manufacturers can use to assess the high costs that are needlessly incurred from making inaccurate diagnoses of device performance issues and, as a result, unnecessarily processing NTF returns each year.

"The mobile ecosystem is complex, fast-changing and highly competitive," said Richard Stiennon, Chief Strategy Officer, Blancco Technology Group. "Success hinges on delivering maximum value for customers and improving the customer care experience across every channel. This calculator helps mobile network operators and device manufacturers understand the expensive implications of improperly diagnosing and repairing mobile devices – and ultimately, the importance of implementing the right mobile diagnostics solution to reduce NTF returns."

The tool asks mobile network operators and device manufacturers to input the following items in order to calculate the projected NTF savings on an annual basis if the SmartChk diagnostics solution is used to diagnose and repair mobile devices.
•The total number of retail locations the carrier/OEM has in operation
•The average number of mobile devices returned each month (per retail location)
•The average cost of processing each returned device

The tool is designed to provide mobile network operators and device manufacturers with a better understanding of the financial repercussions of improperly diagnosing and repairing mobile devices. Additionally, it should help mobile service providers create more streamlined and efficient device diagnostics processes. Its creation was inspired by the considerable value and savings being seen from the deployment of the SmartChk solution for some of the world's most notable mobile network operators.

Stiennon concluded, "The more commonplace mobile adoption becomes, the more necessary it is to make the post-sale customer care experience as convenient, efficient and hassle-free as possible. If our SmartChk mobile diagnostics solutions can help mobile network operators and device manufacturers simultaneously correct those issues, reduce the likelihood of unwarranted device returns and minimize customer churn, then we're doing exactly what we set out to do."

To see how the SmartChk diagnostics solutions and business intelligence can help reduce the quantity and frequency of 'No Trouble Found' device returns, increase your Net Promoter Score and save millions of dollars each year, request a demo today."

[chasbas] 27/7/2016 10:09

Bit complicated for me.
See ITRenew's response today hxxp://itrenew.com/itrenew-brings-suit-against-blancco/

ITRenew, an industry leader in IT asset disposition (ITAD) services and data sanitization software, today announced that it has filed a declaratory judgment of non-infringement regarding Blancco’s U.S. Patent No. 9,286,231 in the U.S. District Court for the Northern District of California, following unwarranted requests to examine ITRenew’s Teraware product. ITRenew filed its Complaint on June 10, 2016, but did not formally serve the suit in hopes of resolving the matter privately. Blancco has now filed an Answer that, unusually and in contrast to its public statements, does not actually allege infringement against ITRenew.

“It is with regret that ITRenew is forced to take this action, but it is necessary because the allegations by Blancco are egregious and unsubstantiated,R21; said Aidin Aghamiri, vice president of corporate strategy at ITRenew. “We closely examined the patent and know we do not infringe, which is why we initiated suit instead of agreeing to discuss Blancco’s unsupported request for a license. We cannot allow baseless allegations to linger without response; instituting suit allows us to directly confront Blancco’s misguided presumption that ITRenew infringes its narrow patent simply because we have developed an SSD erasure solution.”

According to ITRenew, Blancco has not undertaken the sort of analysis required to allege even a prima facie case of infringement, which is why, despite its public statements, Blancco has not actually alleged infringement in court.

[rivaldo] 26/7/2016 09:53

Yep, good to see BLTH aggressively defending their IP.

Nice PR for BLTG here:



"The data protection dustbin: Safely disposing of personal data
By David Harley posted 25 Jul 2016 - 12:30PM

A recent article by Kevin Townsend picks up on a report by Blancco Technology Group suggesting that ‘78% of second-hand hard drives purchased from eBay and Craigslist now contain recoverable corporate or personal information’. Blancco’s conclusions are based on the examination of 200 randomly selected drives they bought and examined in the first three months of 2016.

Blancco’s business is the certified destruction of data and the management of reused computers and devices, so the company’s interest in the issue is unsurprising. It’s not surprising, either, that it was easily able to recover data that the owners believed to have been erased. In fact, 40% of the drives were apparently erased by quick format, which leaves data easily recoverable, and 36% seemed to have been deleted by simply using the recycle bin or delete button.

etc"