Bond International Share Discussion Threads

[njp] 27/11/2007 09:38

Nervous MMs I'd have thought, boad. Giving us a bargain all over again, as nervous buyers waiting anxiously for the US open.

[boadicea] 27/11/2007 09:20

So what's upset the apple cart this morning?
Distressed seller in the wings??

[rivaldo] 27/11/2007 09:07

This is a laugh - down 10p on 30k shares traded! The volatility is just crazy. Quite apart from the fundamentals.

Tevezunited, do you mean in the paper edition? Online all I can see is this from September - note BDI were "good value" at 213p!!

"Bond acquisitions yield rewards
Created: 11 September 2007 Written by: Tim Bradshaw

Bond's recent acquisitions have helped the company to diversify away from the recruitment cycle, which is seen by chief executive Steve Russell as one reason for the shares' past underperformance. He believes the sector "does not cycle as a whole ... for instance, if temporary work falls, permanent rises". Nonetheless, more than 60 per cent of sales and 88 per cent of operating profits are still coming from recruitment software, although a fund-raising after the year-end leaves the company with net cash of around £1.2m to spend on more deals, including likely expansion in the US.

Bond has had particular success in the estate agent and airline industries, with Hamptons International, easyJet and BMI using the company's software to simplify processing the thousands of job applications and constant recruitment campaigns that characterise those markets. But the move to IFRS has obscured the underlying profit growth, as software development costs and goodwill after acquisitions has to be written off. In fact, adjusting for goodwill charges, EPS actually grew 24 per cent to 6p and, with recurring revenues representing 44 per cent of overall sales, management's confidence in the outlook looks warranted.

House broker Oriel Securities expects full-year adjusted EPS of 15.1p, rising to 17.2p in 2008 (2006: 14p).

The shares have made scant progress this year but the rating is still undemanding. Bond has been winning bigger contracts and growth prospects look decent enough. Good value."

[tevezunited] 26/11/2007 15:36

Investor Chronicle BUY on Bond

[rivaldo] 26/11/2007 15:35

Hmmm...this is dated today and reads well - is it additional to the original Manpower deal in any way or part of it?



"Manpower chooses AdaptRecruitment MCI
PRESS RELEASE ISSUED BY GLOBAL RESEARCH PARTNERS

26 November 2007 ]
MCI, the exclusive distributor for Bond International Software in South Africa and the largest distributor of staffing software in South Africa, today announced that Manpower, a leading recruiter of specialist, flexible and contract workforces, had chosen AdaptRecruitment to handle its staff recruitment needs.

"We needed a system that would consolidate our information on a national basis and would integrate with our payroll and accounting systems," commented Jan Coetzee, Managing Director of Manpower South Africa.

"Previously, each of our branches was using their own systems, which made the sharing of information very difficult. In addition, many of our processes, such as activity tracking, and the handling of files, permanent staff invoicing and timesheets, were done manually."

"The installation of AdaptRecruitment and its integration to our other key systems has enabled us to become more efficient and our staff to become more effective. We now have a common national system, which means updates of data need to be done only once and much of the manual processing that we previously undertook has been eliminated," continued Coetzee.

"Manpower is yet another staffing company that has joined numerous others that have adopted this software on a worldwide basis," added Aliki Droussiotis, Director of MCI Consultants. By being associated with the world's largest staffing, recruiting and human capital management software vendor, we are able to satisfy most, if not all, of the needs that our local recruitment market requires. With our software development capabilities, we also have the ability to customise any solutions to the needs of our clients, should that be necessary."

Manpower, the local unit of which was established in South Africa in 1999, is a leading recruiter of specialist, flexible and contract workforces and a respected authority in employment. It employs over two million people each year, through a network of over 72 countries, making it easy for candidates to find career developing and flexible employment opportunities and for companies to recruit staff with the skills and experience they need. Its expertise is available to employers throughout South Africa, around the world and on the Web.

Manpower's determination to understand its clients' specific staffing requirements as well as their company culture forms the core of its focus to improve workforce optimisation, and to drive productivity improvement and cost reduction. The implementation of AdaptRecruitment will further improve Manpower's capability to deliver the expert and specialist service that they are known for."

[tevezunited] 26/11/2007 10:10

NJP anyone who has chart systems will see BDI has a strong buy signal.

[njp] 26/11/2007 09:25

tevez

Certainly a possibility that long termers here have pondered before. Below 200p is silly cheap given their market position and moves into mainstream HR.

[tevezunited] 26/11/2007 09:13

I am adding but mm keep the size down. I am expecting some consolidation in this sector. BDI is a great co. and very cheap! I wonder if it is a target?

[njp] 26/11/2007 09:04

Back over 160p quick as a flash, I reckon. Then perhaps a brief pause whilst the market decides where it's going.

[greengiant] 26/11/2007 08:54

Rivaldo,
BDI, was also mrked down together with the general Recruitment sector, altho' it is a lot more than that.

Good to see the strong upward momentum and agree that this should be just the start for the recovery

gg

[rivaldo] 26/11/2007 08:51

Sven, just over the top markdowns in a bad market by MMs trying to protect themselves.

Ta for that penpont, will have to take a look at the IC for a change!

Common sense is quickly reasserting itself here, but imo there's still a long way to go.

[sven2006] 23/11/2007 20:29

why the share price fall with no bad news, these guys have won manpower for gods sake !

[penpont] 23/11/2007 16:26

Bond is one of a handful of shares highlighted in the main front cover story in todays IC, 'The 50% System'.

Features the system used by US investment guru Michael Murphy to identify bargain tech shares.

Too much to summarise effectively but worht a read.

[rivaldo] 23/11/2007 15:17

Seemingly moving up on every trade now.

[liquid assets] 23/11/2007 11:11

had some meself this morn at 140 support

[rivaldo] 23/11/2007 09:53

Well done chaps. A bit of common sense returning, but still a looooong way to go on such a silly valuation imo. Back to 200p for a start anyway.

[greengiant] 23/11/2007 09:26

Well, knock me down with a feather - it's up again!!

gg

[njp] 23/11/2007 09:10

Added a few more. Due for a bounce and this one can move quickly.

Shouldn't be down at this level. Back to the 160s next week?

[rivaldo] 22/11/2007 15:13

More blue! And there was I thinking the world was about to end...

Now on a 2007 P/E of 8.41 and a 2008 P/E of 7.6.

[rivaldo] 21/11/2007 15:24

Crikey - is that - it can't be - it is - BLUE! Shurely shome mishtake?!!

[beaufort1] 20/11/2007 16:57

Going back a year or so there is very strong chart support at this level. Would be surprised if it drops much further, but who knows - market's crazy and people are getting out into cash until the dust settles on the financial sector a bit

[greengiant] 20/11/2007 10:59

Rivaldo,

I completely agree, mix that in with a nice mix of £ and $ revenue, we shouldn't see a material impact on translation of earnings. The only thing that frustrates me is that their website is never up to date. The Aim 26 rule is not even a live page per their notification, which IMHO is poor.

gg

[sper] 20/11/2007 10:45

Agreed Riv