Bond International Share Discussion Threads

[dixies] 28/1/2008 13:07

Thanks for the replies. The problem was actually with some users of Orange. Orange finally accepted they had a problem (they always try to be blame your computer settings first of all) and it was sorted yesterday. Thanks again.

[cambium] 28/1/2008 12:52

I had a problem with selftrade on friday, just ring them and they will sort it out, Louise is Excellent IMO

[geovest] 28/1/2008 08:13

No problem with selftrade.

[dixies] 26/1/2008 19:37

Sorry to intrude, although I am a holder. Is anyone else having difficulty logging on to their selftrade account? Since Friday the link to log on does not work along with a number of other websites eg. Halifax.co.uk and FT.com. It is apparently only affecting those of us who have Orange as their service provider. Having contacted Orange throughout yesterday and today, they seem to be doing little to rectify the problem.

[boadicea] 24/1/2008 16:28

nap - You could be right and it's interesting to look around for others.
Among the many sick-looking shares I hold, there are a few which have had a more promising response to the recent turmoil and exhibit a series of higher lows and/ or higher highs since the first significant sell-off in November.
BDI is one of them, other AIM stocks in this category being RCG (helped by a typically buoyant update) and LRL (similarly sustained good news flow and high Au price).

Unfortunately, the bulk of the funding which I am prepared to commit in the current state of the market lies in PEP/ISA and the search for similarly resilient main market shares is not easy. CPG and SN. seem to fit the bill (both helped by persistent buy-backs so can it be trusted), MSY (a long time dog now turning?) and ALM, something of a special situation and possibly with an overhang to clear. DCM and DIA look to have formed a firm bottom (i.e. they seem resistant to going lower) but haven't moved off it yet.

With the exceptions of RCG and ALM, most of these, including BDI, have relatively quiet bb's and are presumably not so widely held by capricious or neurotic pi's.

[napoleon 14th] 23/1/2008 22:26

Well, errrm, it might have done just that!

[napoleon 14th] 21/1/2008 14:34

Don't tell me it's going to do a triple bottom on that rising support....
In fact, I hope it does so!

Lots of good value getting marked down in panic figures.
SBE is another.

[dipso] 18/1/2008 13:47

Thanks Riv

[rivaldo] 18/1/2008 09:03

Dipso, firstly you should see from the RNS that no financial details were disclosed! Secondly, it's an RNSNON, which means it's less than 10% of annual turnover, profits etc, i.e it's not a huge contract as Manpower, Hays etc were.

Nevertheless it's another significant win - look at the usage and the potential for further wins in that sector.

[dipso] 18/1/2008 08:41

But how much is the contract worth to Bond's profits?

[rivaldo] 18/1/2008 07:39

I'm willing to bet that BDI wanted to announce this today and then early next week put out a separate trading update for maximum impact.

Anyway, yet more good news, and again proving that BDI have moved away from cyclicality and have high and stable recurring revenues:



"Bond to implement talent management software for Etihad Airways

Bond International Software plc today announced that Etihad Airways, the
national airline of the United Arab Emirates (UAE), has selected Bond Talent, an online recruitment & talent management system to help drive recruitment. The
contract will see the airline outsource the development and hosting of its
online recruitment systems for the next three years.

Over the last 18 months, Bond has developed a strong presence within the
aviation industry and Etihad is the sixth airline to select the Bond Talent
system. When launched, the Bond Talent applicant tracking solution will deal
with in excess of 2,500 job applications per month, supporting all of Etihad's
divisions including flight deck, cabin services, engineering, administration,
operations and ground services.

Bond Talent tracks each online application received and includes an intuitive
recruitment tool to manage all applications more effectively, ensuring that
candidates are dealt with quickly and efficiently.

Jill Turner, Etihad Airways' head of recruitment and nationalisation, said,

'We needed a dynamic recruitment strategy to encourage the top candidates in the industry to apply. Bond is now helping us to find the right individuals as well as reduce the cost per person hired and shorten the time taken to fill each vacancy.'

Tim Richards, UK Managing Director - Bond Talent, commented,

'Etihad Airways is one of the most visible brands in the aviation industry and
is constantly innovating and striving for customer excellence. We identify
strongly with this approach and, as a result, we felt that there was
considerable synergy between Etihad and Bond. The scale of the Middle East
market potential is very exciting for us and we hope to continue to raise our
profile in this region.'"

[stefield] 18/1/2008 07:24

another new contract :)

[rivaldo] 15/1/2008 20:37

Ta for that boadicea, missed it myself. Good to know that AXA are keen to add just before a trading update and in these markets.

[boadicea] 15/1/2008 17:06

At least AXA are still adding - up from 10.05% in September.

[penpont] 14/1/2008 22:53

riv - heres the IC piece:

Bond International is the epitome of the pure growth stock. It's made many investors an awful lot of money and its fans reckon there's more good news to come. For the past four years, both sales and profits have been steadily growing - since 2003 sales have shot up from £7m to £17m and earnings have leapt up from under £500,000 to £3.6m, with £4.5m forecast for 2008 (equivalent to 12p a share). That puts this rock-solid human resources software specialist on a forward PE rating of just under 14, which seems bizarre for a company with such a great track record. It's even more bizarre when you consider that, in the past two years, it's made a series of careful acquisitions that will broaden its online recruitment offering into related but separate personnel markets such as the public sector and education. If fast-growing, well-managed small caps are destined to do well in 2008 - as many commentators predict - Bond will be a star.

[williebiz] 14/1/2008 22:19

Reckon that wedge has a long way to go

[rivaldo] 11/1/2008 09:33

The IC has today named BDI as one of the best 45 shares on AIM! Possibly a dubious honour...still, pretty good out of, what, 3,000 companies? I'll try to get the reasons at some point:

[rivaldo] 10/1/2008 07:56

Hi boadicea, yep, hopefully any day now.

I agree about the dollar and pound both being weak, but imho the pound will fall further against the dollar. It's now already down to $1.955 and I expect it to fall to $1.90/$1.85, and maybe even $1.80 at a push.

Euro and Asian sales are (though rising) only around 7% of sales, so not half as important as the USD. Although funnily enough with the 2007 British acquisitions the importance of any currency effect has been heavily reduced.

[boadicea] 09/1/2008 17:15

A year ago today we had a pre-close trading statement.

Riv - I fully expect the pound to keep falling, but also the dollar. Possibly not much change there then.
Translation gains are more likely to arise from Euro and Far East currencies imho.

[rivaldo] 04/1/2008 08:19

Nice early morning interest and volumes - interest picking up before the usual January trading statement perhaps?

[rivaldo] 03/1/2008 23:05

The pound is down to $1.97 and I assume will keep falling - who knows how far, maybe $1.80? Good news for BDI this year anyway, if too late for the 2007 results, as the market looks forward not backwards.

[rivaldo] 01/1/2008 22:20

Nice one napoleon, and a Happy New Year to you and all here.

A reminder - current forecasts are for 16.4p EPS for 2007 and 18.2p EPS for 2008, so BDI are now on a current year P/E of 9 (before stripping out the cash pile).

In 12 months BDI may be looking at a minimum 20p EPS. With such high recurring income and market leadership BDI should command a higher P/E, but a P/E of even only 12 would still give a 240p price target - around 50% up on the current price.