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 Shares Traded Last Trade
  2.50 1.89% 135.00 41,621 11:36:51
Bid Price Offer Price High Price Low Price Open Price
132.00 138.00 135.00 132.50 132.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 27.49 -0.33 0.55 245.5 86
Last Trade Time Trade Type Trade Size Trade Price Currency
15:21:40 O 2,200 133.50 GBX

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Date Time Title Posts
16/7/201915:37Blancco Technology Group (formerly Regenersis)627
01/12/201706:22Blancco Tech's Findings on Apple's iPhones-

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Blancco Technology (BLTG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-18 14:21:41133.502,2002,937.00O
2019-07-18 10:37:55135.001,5002,025.00O
2019-07-18 10:36:18135.001,5002,025.00O
2019-07-18 09:56:23132.5036,42148,257.83O
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DateSubject
18/7/2019
09:20
Blancco Technology Daily Update: Blancco Technology Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker BLTG. The last closing price for Blancco Technology was 132.50p.
Blancco Technology Group Plc has a 4 week average price of 120p and a 12 week average price of 117p.
The 1 year high share price is 156.50p while the 1 year low share price is currently 73.50p.
There are currently 63,989,266 shares in issue and the average daily traded volume is 447,965 shares. The market capitalisation of Blancco Technology Group Plc is £86,385,509.10.
11/7/2019
22:43
cerrito: The 2% increase in the share price today a bit mean considering the profit performance of the year ending June;that they have given themselves a good financial structure by the equity raise at decent price and the acquisition. Of course we do not know what the market consensus that they refer to is and if it is the same as ruling on May 1 when we were told that adjusted operating profit would be comfortably ahead of then current market expectations. I continue to feel comfortable here
15/6/2019
19:59
cerrito: I have just got round to listening to the webcast of the Capital Markets Event on June 3. There were four speakers from BLTG- the CEO Matt Jones, the CFO, The Head of Products and Technology Russ Ernst , who I understand is a recent recruit, and Head of Global Sales Alan Bentley, who had been around for some time. The last two did most of the presentation going through the product lines from a technical and market perspective. They came across well prepared; the whole thing was if anything rather low profile..compared to all the bravado of the last such webcast I saw under the old regime.In that spirit the CEO did comment that unlike in times past they were not taking on business they could not handle. Some of it was rather heavy going and I have to confess I did find it hard to stay awake at times. The room was pretty full; a reasonable amount of questions but as people did not say who they were representing not possible to know who was in the audience. Too bad no one asked the question I would have asked about recruitment and managing a new and geographically disperse team. It was to me good that the Head of HR was there but she did not speak. I note the share price has been drifting down c since then but truth to tell there was no real new news to get the share price motoring. Alot of their competitors in the mobile space are small companies and there were a few comments on consolidation. At the AGM it will be interesting to see if they feel they are ready to do acquisitions. My feeling is that they are getting there in terms of having the management infrastructure but wonder if they have the financial resources yet- especially as they pointed out in the presentation do need to invest money in R&D-albeit a comfortable amount-£358k in H1 FY18/19 and £658k in FY17/18. The big picture is that even with no hard financial information I came away more comfortable with management. PS The website has the good presentation slides
02/3/2019
20:09
cerrito: A rather delayed commentary on the HI results. I need to say that when the results came out, I thought they read well and I was surprised that the share price did not go up more . I have just had a more detailed look ; the figures while in no way bad on close inspection do not read as well. They correctly comment on the increase in sales compared to last year's H1. However if you go to the KPI section and see the figures adjusted for IFRS15 and 9, you will see that revenue was flat at £14.6m between this last half and the previous one of Jan/June 2018. Sales in Asia/ROW fell from £4.2m to £3.7m and of data centre/erasure from £5 m to £4.7m. Profitability was also weaker with last year's H2 operating profit pre adjustments falling from £0.7m to £0.6m in the half year just finished. I appreciate that the profitability had been impacted by the 11pc increase in employees since June last year-including some senior hires. We are told that the cost base will increase in this current half. They comment on the reduction in debt at balance sheet date and indeed to reduce net debt from £3.4m to £2.3m in calendar 2018 is good; that said this reduction is not reflected in finance costs which at £364k in this last half were essentially the same as they had been on the previous two Half's. There is good news: yes we have an exceptional once again but at least it is a credit from a release of a provision; they come on strong about the future and,as anticipated, they saved cash by settling the Tabernus contingent consideration in shares but it would have been good if they had specified what market expectations are. Digital Look has £30m for this FY-the same forecast as it has been for the last 6 months and for £34 next year. They have this FY’s eps as 2,77p-in the last six months it has oscillated between 2.74 to 3.36p and next year at 4.13p I have also been through the Equity Development report. I see that they have a revenue target of £30m and adjusted EBITDA of £2.7m. This gives an H2 revenue of £15.4m and an adjusted EBITDA loss of £0.3 m given that they give the H1 ebitda profit of £3m. They ED do not specify why there will be this loss in H2. They argue that that it is undervalued compared to cyber security peers; I do not place all that much importance in that comparison as all these companies are so different. They discuss consolidation in the industry; always possible that a bid would come in but would not put any weight on it.I was somewhat surprised that there was no bid when the shares were half their current value. PS I see that yesterday Friday and Wednesday were busy trading days by BLTG standards with 1% of shares traded. PPS Alternative views welcome
02/10/2018
13:44
cerrito: I made it to the Equity Development presentation last Wednesday. I thought the new CEO Matt Jones came across well both in his presentation and the way he answered the questions. The new CFO Adam Moloney was also there but did not speak much and I was unable to get much of an impression. Too bad that the good corporate presentation which they have been giving to their institutional investors and which they spoke to is not on their website or indeed ED’s. Too bad-but for me understandable-that they did not hang around afterwards as I was hoping to speak to them. Also too bad that their presentation was not video’d. Big picture is I feel comfortable both with management and the figures; about to read the Edison report. Pleasantly surprised at last Friday’s share price rise which I see is being reversed a bit today and depending on how much it slips may buy more. Plan to dissect the numbers in the AR when it comes out.
09/11/2017
09:53
zulu_principle: 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
07/7/2017
09:40
varies: I find most of the posts here really helpful and informative and that, taken together, they present a well-balanced appraisal of the investment merits of BLTG shares at the present price. In spite of many misgivings I remain a buyer, having bought at 126p and 118p yesterday. I am relieved to see calmer conditions so far this morning. Edison Investment Research produced a 16 page analysis on 15 March 2017 when the share price was 250p. This included a Discounted Cash Flow valuation at 340p. The figure would obviously be much lower now after subsequent disclosures. It provides a thorough and informative explanation of the Erasure business and BLTG's dominant role. It makes no reference, however, to the quality of our receivables ! Edison (of whom BLTG is a research client) estimated that the total adjusted operating profit (TAOP) for the year to 30.06.2017 would be £7.9m. Their corresponding figures for 2017/18 & 2018/19 are £9.89m and £11.95m. Assuming (and please correct me if I am wrong) that TAOP and EBIT have the same meaning, then Edison's figure for 2016/17 is very near BLTG's latest forecast allowing for the £2.2m charge on this doubtful receivable. It is annoying that we shall have to wait until 3 October for the accounts but, as we all know, it does usually take about 3 months from the year-end for accounts to appear. IF these contain no further shocks and if BLTG enjoys the support of its bankers, then I believe today's price of 118p will look a great bargain. Fingers crossed !
06/7/2017
14:01
masurenguy: Paul Scott today: "I don't like this company at all. Today is yet more bad news, from a very accident-prone company. The red flags have been obvious for some time, so it would have made a good short. Previous management were dreadful in my opinion, so the hope was that new management would be better, but there's not much sign of that so far. I think problems are often left behind by outgoing poor management, not least in terms of company culture (e.g. aggressive accounting, etc). So it's usually best to wait for new management to kitchen sink the numbers. The company bolstered its balance sheet with a placing at 169p in May 2017, raising £9.45m after fees. With the share price now 27% down on that fundraising just 2 months ago, I imagine there must be some very miffed shareholders here. There could be grounds for legal action there, perhaps? (for possible misrepresentation). I don't like this company at all. Today is yet more bad news, from a very accident-prone company. The red flags have been obvious for some time, so it would have made a good short. Previous management were dreadful in my opinion, so the hope was that new management would be better, but there's not much sign of that so far. I think problems are often left behind by outgoing poor management, not least in terms of company culture (e.g. aggressive accounting, etc). So it's usually best to wait for new management to kitchen sink the numbers. The company bolstered its balance sheet with a placing at 169p in May 2017, raising £9.45m after fees. With the share price now 27% down on that fundraising just 2 months ago, I imagine there must be some very miffed shareholders here. There could be grounds for legal action there, perhaps? (for possible misrepresentation). It's possible that there might be a decent company here, struggling to get out. For me, with a long track record of dodgy accounting, and weak management, I can't see any reason to get involved here. Why take the risk? It doesn't even look particularly cheap, after the big share price falls."
06/7/2017
11:31
varies: Having been fortunate to make a modest profit here before selling my last shares in April at 172p, I am putting out a hand for this falling knife and have bought some back at 126p and intend to buy more at about 123p. BLTG raised over £9 million in May at 169p after telling us a month earlier of its urgent need for £4 million. It gave itself, so I hope, something in hand which should cover this latest setback. Finances are probably very tight and it may be that BLTG will need another injection of cash. I hope not and regard this risk as allowed for in the share price. If BLTG achieves pre-tax profits of £5.5 million after providing for the write-off of £2.2 million on doubtful receivables, then it seems reasonable to hope that they will make over £9 million in 2017/18(£7.7m plus 20%) The market cap. is now only about £76 million and I believe this company would make an attractive purchase for many software companies with cash in the bank to cover BLTG's shortage.
18/1/2017
15:11
rivaldo: Hi nurdin. I see broker targets being hit on a regular basis. Just this morning BOTB's share price was well ahead of Finncap's target price, and Finncap heavily upgraded to catch up. More often they're exactly that - targets. Look at the sort of ratings G4M or BOO and the like are on, and some of their target prices are even well ahead of where they are now. In that context Peel Hunt's 340p target here is perfectly realisable. All I'm saying is that the markets are unpredictable, and if a company find support it's surprising just what share prices can be attained and retained, so to write off a target price completely as "wrong" is just a subjective view at the time which may or may not prove to be completely incorrect. But I completely agree that targets should be reviewed carefully, and some are more realistic than others! Meanwhile the BLTG price continues to rise.
26/4/2016
11:22
welsheagle: What is the likely BLTG share price after the tender offer i.e. What price could we buy back afterwards.
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