Bond International Share Discussion Threads

[aishah] 14/4/2014 14:51

Cenkos has increased 2014 eps forecast to 8.56p followed by 9.90p for 2015! No wonder the shares have been in demand. A p/e of 15 for 2015 gets the price to 148p.

[aishah] 14/4/2014 13:53

Well I topped up on results day. Wondering if the acquisitive Constellation might pounce now it has turned around. Excellent prospects going forwards. imo.

[boadicea] 14/4/2014 13:48

Up 20% in the past week and not a jot of interest here!

[boadicea] 09/4/2014 08:37

At first sight, the earnings of 3.52pps look disappointing and imply the share is fully valued. However, the figure is arrived at after amortisation of £1.6m of acquired intangibles.
Note 5c explains this effect and arrives at an adjusted figure of 6.6p which is in line, or slightly ahead of, expectations. One wonders why this figure was not included in the headline extract of results.
Cash generation looks particularly healthy with an operational flow of £8m applied to a £3.8m intangible purchase and repayment of £3.3m loan so that after meeting the dividend payment and with some help from a benign tax situation the net cash position is only very slightly reduced.

In relation to tax, it is interesting to note that the deferred tax asset is easily the largest single item in the balance sheet amounting to nearly two thirds of the total. If I understand its implication correctly, it will take many years to realise this asset but should mean minimal tax liability for some time ahead.

The complexity of dealing with intangibles which are the essence of this business is well illustrated in Note 8 to the accounts. For non accountants like myself, it is probably better to concentrate on the cash generation ability of the company and take comfort from the fact that operational expenses are almost (~95%) covered by the recurrent revenue stream.

Today's result justify the good run BDI has experienced over the past year and promise more to come. Initial market reaction at (8:35am) is favourable.

[aishah] 18/10/2013 14:08

Value increasing here. If Constellation want to pounce it's now imo. I guess they're happy to see their investment grow otherwise. Strong Hold imo.

[tech] 18/10/2013 12:38

Nice contract win

[boadicea] 17/9/2013 09:13

Results out and no comment here!

They look pretty decent to me with adjusted eps probably heading for around 5-6p for the year.
Market seems happy enough.

[boadicea] 04/9/2013 19:46

I had wondered that for some time but was coming to the conclusion that if such were their intention, they would probably have pounced already. However, it remains a possibility.

[aishah] 04/9/2013 17:03

Wonder if Constellation will pounce soon?

[boadicea] 04/9/2013 16:33

A lot has happened in the 11 weeks since 20th June - but not apparently at BDI!

Interims due 17th Sept. Will that spark some interest?
The share price performance has been steady - in fact, steadily improving. This has brought me after many moons into overall profit after allowing for some profit already taken a while (rather long while!) back.

I am thereby tempted to exit having retrieved my losses but experience in other similar cases is that this can be a mistake. I am therefore letting it run pro tem as the trend is definitely in the right direction.
However, a strong run up towards the 17th might persuade me otherwise, as profit-taking often follows even when results please.

[boadicea] 20/6/2013 17:20

Quite an achievement to hold a rise today when market overall (FTSE) is down 3%.
Recent performance has been good and the Chairman's agm statement sounds suitably confident -
"I am pleased to say that the promising start to 2013 that I referred in the 2012 annual report has continued through the second quarter. The group is benefitting from a reduced cost base and an increasing demand for its software and services and we remain optimistic for the prospects for the second half of the year."

The market may be hoping for a profits forecast upgrade.

Interesting to note that the resolution to authorise waiver of pre-emption rights on share issue failed to carry (needed 75% approval, achieved only ~70%). Quite right too!

[29palms] 29/5/2013 18:47

HP Autonomy today announced that Bond International Software Group, a global recruitment, HR and payroll specialist, has adopted technology from HP Autonomy to enhance its recruitment process system, Bond Adapt.

Bond supports some of the largest staffing organizations across the globe. The company's flagship solution, Bond Adapt, a specialist portfolio of recruitment applications, is used by the majority of leading recruitment organizations to support their business processes.

The Autonomy Intelligent Data Operating Layer (IDOL) understands the meaning of information in any format, such as text, video, audio or social media data. The ability to recognize patterns, concepts and ideas in this "human information" provides a critical advantage in the recruitment sector, where resumes are not consistently formatted, and use a range of different phrasing or compressed language to convey the same information.

Autonomy IDOL's ability to understand meaning in this way makes it possible to analyze the complete profile of a candidate, rather than try to match a series of keywords. This represents a first in the recruitment industry, and offers a significant technological leap forward over inadequate keyword matching techniques.

"With Bond Adapt, we help our customers go from hundreds of potential candidates to a tightly focused and relevant pool in just a few clicks," said Daniel Richardson, chief technical officer, Bond International Software. "Recruiters are highly skilled individuals, and that's not something you can replace -- but what we can do is give them a tool that helps them work more efficiently. With IDOL, instead of 50 loosely related candidates to review, recruiters get the 15 most suitable and work from there."

With the power of Autonomy IDOL, the Bond Adapt solution can ingest resumes and quickly present the most relevant candidates to recruitment agents. Legacy keyword-based approaches are ineffective here, as they cannot account for varieties of expression or sector-specific terminology.

"What Bond International Software is doing with our technology really underlines the critical strength that only meaning can offer organizations for getting the most out of their data," said Rohit de Souza, general manager, Power, HP Autonomy. "Recruitment is an area where you need to find the right people quickly and effectively to gain any value, but it's absolutely critical to make sure that the best candidates aren't missed."

Autonomy IDOL helps businesses drive real value from their data, thanks to its ability to understand the meaning in human information. With the majority of enterprise information now being in unstructured formats, the Autonomy IDOL platform offers a unique value proposition for organizations looking to generate greater return on their information.

[boadicea] 29/4/2013 17:14

Something's up here - leaking news?
Anyone have info?

[boadicea] 03/4/2013 13:31

Rather good results seem to have taken the market by surprise and leave Bond looking cheap imho.
The balance sheet looks reasonably healthy, with the increase in Current liabilities caused solely by the transition of some borrowings from deferred liabilty.

Profits should be unimpeded by tax due to the significant deferred tax credit (I'm not an accountant so perhaps someone else might usefully comment) and that should help maintain cash flow.

Historic p/e now becomes ~8 on adjusted earnings which is low for a company with good prospects, flattered however, by the negative tax charge. A wide geographical spread of customers including some better growth markets than UK and a high proportion of recurring income are additional attractions.

I wonder whether it will encourage their major shareholder into further action?

[aishah] 13/3/2013 10:02

Results 3rd April. Carpetright contract recently. PSR of 0.42; recruiters recovering; RTI legal req. from this April. dyor

[tradervic] 11/1/2013 10:48

Bond International Software Group to showcase at the London Innovators and Investors Forum

It is our pleasure to invite you to attend the forthcoming Innovators & Investors Forum on the 29th January 2013 at the Business Design Centre, London. This will be an exclusive invitation only event organised by Shares Magazine and Cenkos Securities.

As an active private investor, we are sure you would appreciate this unique opportunity to receive privileged access to 30 diverse, forward thinking and energetic technology companies at a single event.

Many of the exhibiting companies are currently involved in some very exciting projects in an effort to drive future growth, and development within their industries.

The event will be supported with an extensive conference program, including keynote speakers and company presentations.

We sincerely hope you are able to attend and that you find the experience both profitable and enlightening. Companies represented include:

1Spatial
Avanti Communications
Bango
Bond International Software Group
Brady
CML Microsystems
Corac
Cyan Holdings
eg Solutions
Energetix Group
eServGlobal
Forbidden Technologies
Fusion IP
Globo
incadea
InternetQ
IQE
KBC Advanced Technologies
Netcall
Optimal Payments
Plastics Capital
Probability
Quindell Portfolio
StatPro Group
WANdisco


Event time: 12.30pm to 5.30pm

Complimentary refreshments and luncheon provided

To register for this event please


CONFERENCE AGENDA AS AT 09.01.13
(To be updated once presentation speakers are confirmed)

12:30 Registration & Lunch

14:00 Keynote speaker - Richard Penny, Senior Fund Manager - Legal and General

14:15 Shares Magazine presentation - Russ Mould, Editorial Director

14:30 Company presentation - David Richards, President & CEO - WANdisco

14:45 Company presentation - Henrik Bang, CEO - Netcall

15:00 Company presentation - Marcus Hanke, CEO - 1Spatial

15:15 Company presentation - tbc

15:30 Coffee Break

16:00 Company presentation - Stephen Blundell, CFO - eServGlobal

16:15 Company presentation - David Baynes, CEO - Fusion IP

16:30 Company presentation - Stephen Streater, CEO - Forbidden Technologies

16:45 Company presentation - Charles Cohen, CEO - Probability

17:00 Company presentation - Simon Smith, Non-Executive Director - Cyan Holdings

17:15 Close

This agenda is subject to change and alterations

For further information, please visit our

[tech] 13/9/2012 16:23

Moving up ahead of results, good recent contract in Japan

[boadicea] 01/8/2012 22:25

Japan contract -


Japan is not an easy market to break into and a sizeable contract after only 3 year's operation there is a significant achievement. Customers, once acquired, are traditionally very loyal. Payment terms may often be long by Western standards.

[asagi] 15/6/2012 12:23

bit of an outlook statement issued yesterday along with the AGM results:

"Confidence in the US staffing industry has led to a solid start to the year in our recently merged US business and the Asia Pacific market is providing some promising opportunities for revenue growth. Despite continued uncertainties in the wider economic environment the Board is satisfied with progress in the year to date."

Consensus forecast EPS for 2012 is 4.45p, so a P/E of 12.8.

[asagi] 05/4/2012 16:10

that makes perfect sense WJCCGHCC.... why didn't I think of that ;-)

spooky - there was a period yesterday when there were NO forecasts on Morningstar. I think those are the latest.

Asagi (long BDI)

[wjccghcc] 05/4/2012 15:15

Asagi, I also think you'll find it assumes they pay tax this year as opposed to a tax credit last year.

[spooky] 05/4/2012 14:48

Those are old forecasts available before the figures yesterday,i haven't seen any new ones yet.All the indications i have are that the next 12 months look very promising.