Bond International Share Discussion Threads

[njp] 31/3/2008 12:32

zip

Good point re the tax sellers. BDI would have been one worth taking profits on for that exercise. As to the other, well it's a leader in its field and, as such, very attractive.

[zipstuck] 31/3/2008 12:22

Someone will take it out - or get the Aim and year end tax loss sellers out of the way and let it bounce to 150p based on adjusted p/e of just over 10

[njp] 31/3/2008 08:57

slappy

Integration risks? That's a pretty poor de-ramp! Apart from the fact that the businesses fit very well together and Gowi's recurring revenue % is very high, the acquisitions were made a good 14 months ago!

Personally, I'm in Ghf's camp - results decent and outlook encouraging but don't expect a rapid return to previous heights. The eps growth doesn't set the world on fire but I think those acquisitions will help them to continue to perform during the next two troublesome years.

[slapdash] 31/3/2008 08:29

We believe that the strength of our business will
enable the group to withstand the effects of any downturn and continue to
investigate expansion opportunities via targeted acquisitions."

Jury still out... recurring revenue about 40% of revenue and company has been doing acquisitions very quickly... worrying thing during downturns to have done that beforehand... build up of overheads etc... buying at high prices... also integration risks..

slap

[glasshalfull] 31/3/2008 07:57

Agree rivaldo.

Decent set of results, however 4% EPS growth isn't going to set the world alight.

I'm still on the sidelines with BDI despite the apparent low valuation, with confirmation that the company have seen no deterioration in their markets and have a strong order book.
Just don't see it doing much (share price wise)in the current climate.

Regards,
GHF

[rivaldo] 31/3/2008 07:42

Busy today, so gotta be quick - at first sight looks like pretty good results on the whole, though 14.6p EPS is a touch short of the 15.1p forecast, no time to look at why (tax etc?).

The impressive bit is the high and rising fast recurring income, and the corporate side is thriving and improving that recurring income.

Every reason imho for the shares to consolidate and move back upwards given the extremely bullish outlook statement, the strong financial position and the cheap fundamentals - a historic P/E of 8.

[stefield] 31/3/2008 07:17

2007 PRELIMINARY RESULTS

Bond International Software plc, the specialist provider of software for the
international recruitment and human resources industries, with operations in the
UK, USA, Hong Kong and Australia, today announces its preliminary results for
the year ended 31 December 2007.



KEY POINTS


* Revenue up 71% to £29.5m (2006: £17.2m).

* Recurring revenue up 86% to £12.8m (2006 £6.9m)

* Operating profit before amortisation up by 49% at £7.1m (2006: £4.8m).

* Pre-tax Profit up 12% to £5.1m (2006 : £4.6m).

* Adjusted* basic EPS up 4% to 14.6p (2006: 14.0p).

* Proposed dividend of 1.6p per share (2006: 1.4p per share).

* Acquisition of Gowi and Strictly Education

* Major contract wins including Michael Page International in the UK and Vaco
in the US


* Adjusted for the amortisation of intangible assets and share based payments
expense.


Commenting on the results Chief Executive Steve Russell, said:


"We are encouraged by trading conditions in the first quarter of 2008 and with
significant orders in the UK and US, a high level of recurring revenue and our
diversification into the wider human capital management arena through the
acquisitions of Gowi Group and Strictly Education, we approach the first half of
2008 with some confidence. We believe that the strength of our business will
enable the group to withstand the effects of any downturn and continue to
investigate expansion opportunities via targeted acquisitions."

[robow] 27/3/2008 13:31

thanks for the updates Rivaldo.
I think it will make a quick recovery when end of year tax considerations are out of the way.

[rivaldo] 27/3/2008 12:38

More news before next Monday's results:



"eEmpACT Software Completes StaffMetric Biometric Time Clock Integration

Proven hand-scanning technology for time recording is sweeping the industry

MINNEAPOLIS, MN (March 17, 2008) – eEmpACT Software, a Bond International Software Company, continues its string of successful partnerships by completing the addition of its front-and-back office integration with StaffMetric, LLC's biometric time clock.

An easy and reliable way to record unique human characteristics, biometrics is a fast-growing technology which measures the physical surface and shape of an individual's hand for identification. The benefit for employers is that each person must clock in and out for themselves. No more 'buddy punching'.

"This partnership allows eEmpACT Software customers to become even more efficient with time card entry by using the seamless hand-scanning technology to log employees' time and incorporating that data automatically into the back office of the eEmpACT solution," states Tim Giehll, CEO of eEmpACT Software. "The added value of the StaffMetric partnership further bolsters our commitment to help our customers be efficient with their time collection and allowing them to focus their energy on their growing business."

Jeff McMains, VP of Sales and Marketing at StaffMetric comments, "StaffMetric's hand-scanning hardware solutions positively identify and record the employee's clock-in/clock-out transactions. Our time and attendance software reformats these events for display in a patent-pending graphical timesheet that your VOP, Line or Department Supervisors can easily access online to view individual employee records by Department and Shift. Approval or rejection of timesheets literally takes seconds to administer and the system provides powerful business reports for the Client and Staffing Agency. This is a proven technology and the biometric component helps deliver a seamless, end-to-end time and attendance solution for your company, giving your organization a competitive edge."

Integration implementation continues, with the most recent at Automation Personnel Services, Inc. in Pelham, AL. Randy Watts, Vice President, comments, "What attracted us to this interface was StaffMetric's staffing-specific, Light Industrial solution and that we don't need to rekey the timesheet information into eEmpACT's back office because of the direct integration between the two programs.""

[rivaldo] 23/3/2008 20:16

Another contract win - and I think retail is a new sector for BDI? Habitat is a prestigious name to add to the client list.

The corporate side continues to build, forward revenue visibility and recurring income are high - I think maybe some have sold to gain maximum taper relief before 5th April, but at this price BDI is surely an out and out bargain imo.

Results for last year are out next Monday - I'll be looking for that forecast 15.1p EPS plus a confident but rightly cautious outlook given both the reduced cyclical exposure and the "interesting" current markets:



"Habitat signs up Bond International Software to polish up recruitment processes
19/03/2008

Habitat UK, the international home furnishing retailer, has signed a five-year contract with stock market-listed Bond International Software to deploy Bond Talent – a fully hosted online recruitment & talent management software solution which will provide an online web portal-based recruitment application and applicant tracking system throughout its UK operations.

Habitat, which employs more than 900 people across the UK in 38 stores – which includes its head office flagship store in London's Tottenham Court Road – [storefront pictures available] will use the new system to manage all of its recruitment processes electronically – eliminating existing manual and email-based systems – to provide secure access to its business partners and line managers who need to manage more than 4,500 job applicants annually. Improving the system is expected to result in an estimated annual cost saving of thousands, together with significant increases in efficiency, speed of operation and time savings.

The new five-year contract will provide Habitat with a fully-hosted solution from Bond, which will enable the company to manage all applications online through a web portal, whilst allowing the recruitment teams full visibility of all candidates.

Sean Thomas, Habitat's UK Head of HR and Development, comments, "With all of our recruitment records on e-mail and paper, we had no systematic way of calculating even how many candidates we had for each vacancy, let alone a way of centralising all the information. With Bond Talent, the time taken from posting a vacancy to filling it can be dramatically reduced. We will see a substantial reduction in administrative time spent and we expect to save thousands through productivity and time savings."

"Through Bond Talent," Thomas continues, "all of our line managers, regardless of department or location, can post vacancies through the portal to which prospective candidates can submit their applications. These candidates can then be assessed and tracked all the way through the recruitment process. Moreover, our recruitment department has full visibility of each application and can create a 'talent pool' from which we can select appropriate candidates for future positions. We see this as a clear advantage for the business."

Almost 50 years old, the Habitat Group is a European based international home furnishing retailer with over 70 store operations in the UK, France, Spain and Germany , in addition to a large distribution network of retail partners. Habitat employs approximately 920 employees in the UK in retail alone and posts in the region of 35 vacancies per month.

Thomas continues, "Habitat as a brand is the epitome of modern furnishing and as such is considered to be very forward-looking, however our back office processes for recruitment did not live up to this image. For instance, the vast majority of our CV applications have to be received via an e-mail. Bond Talent will allow us to create a consistent image throughout and present our potential employees with the recruitment routes they would expect from such a progressive company."

Bond Talent is a specialist application for the global recruitment and talent management markets which has been designed to greatly reduce hiring costs and to enhance the strategic capability of in-house resourcing teams. The system is user-friendly and flexible allowing for reduced paperwork and improved efficiency. This gives key recruitment staff more time to concentrate on development rather than administrative tasks.

Tim Richards, Managing Director of Bond International Software, comments, "It is not just well-known high street brands like Habitat that can benefit the most from Bond Talent. Any organisation that relies on manual, email and paper-based processes has significant cost inefficiencies. A widely-accessible, web-based and flexible software system can remove the reliance on clumsy physical records and provide a new ability to manage all vacancies and applicants in a timely and efficient fashion, whilst also providing an impressive return on investment.""

[barn owl] 20/3/2008 15:05

These just get cheaper like a good few other AIM stocks. The list seems to grow longer by the day. Apart from the bleak outlook for financial markets, recent tax changes don't help, so perhaps the long-term holders are cashing in before the 10% tax rate comes to an end.
Good luck all.

[napoleon 14th] 07/3/2008 22:12

Downtrend started on the 2nd top in Aug07.

No sign of it getting past downchannel R @ 145/155p atm IMHO.

BUT

MACD has turned +ive, solid S @ 120p repeated over last three yrs (+ 1st in '99!),
& can I see the play-out of a 5 wave EW pattern from that Aug07 high?
If so, roll on results,
but WTFDIK???

Sh*t mkt anyway!....

[njp] 04/3/2008 22:35

What signal, tevez? Can you post your chart? Still not demonstrated breakout of downtrend yet IMO.

[tevezunited] 04/3/2008 22:33

First time in months my chart is showing a great big buy signal I got in at 122 today and it is showing strong rise. Hope so run up to what will be very strong 07 figures.

[njp] 04/3/2008 22:30

Agree about the markets, nap, but BDI just shouldn't be at this level IMO so couldn't resist adding a few.

[napoleon 14th] 04/3/2008 16:42

Errrm, I, errrm, missed the buying op. @ 120p.

Watched it, in fact, still in downtrend & I don't trust these markets.
Got a good stack already...

[cottonpickers] 04/3/2008 15:58

Nice mark up today

[njp] 04/3/2008 08:24

L2 looking promising for longs.

[liquid assets] 03/3/2008 19:38

11.17 % stake at AXA now - it is an increase, so axa have topped up - clear from last 2 rns's

[cottonpickers] 03/3/2008 10:21

Anyone? Given that it was only announced on 29th, I'd have thought there would be some interest! :-)

[cottonpickers] 03/3/2008 08:04

Does the recent RNS mean that collectively investors now hold more BDI shares? or does it mean someone/some company is building a stake? (or does it mean that pensions are now holding more BDI shares?) any thoughts?

[lomax99] 29/2/2008 09:46

I am back in at £1.23, I hope I don't see my previous purchase point of £1.01 again! Looking for £2+ on 12 month view (perhaps wishful thinking....)

[sheik yerbouti] 29/2/2008 09:08

I couldn't resist at this price - hope I've got in at the low, quite a few buys coming in this morning.

[cottonpickers] 28/2/2008 09:37

Well I picked up a few yesterday, having been out of this share for a while it looks to be underpriced again.