Bond International Share Discussion Threads

[sper] 31/10/2007 10:19

About time, back office is a very competitive market but this definitely closes the gap for Bond against their competition that offer similar products

[rivaldo] 31/10/2007 09:36

News:



"Bond International Software launches new business efficiency module at ASA

By:
Date: October 5 2007

(Bond International Software Inc., Richmond VA.): Global staffing-software leader, Bond International Software, is launching a module designed to help staffing firms make a quantum leap in productivity. Adapt Financials, the new built-in Adapt back-office system, is a next-generation staffing solution which offers significant productivity enhancements in one system, providing unique and measurable benefits.

Adapt Financials is a complete financial system offering seamless front-to-back office integration of payroll, invoicing, and reporting. Payroll transactions are handled rapidly and simply through processing capabilities that allow for timesheet grouping. With over 200 standard reports and a suite of supplemental modules, Adapt Financials provides the flexibility needed to manage a broad range of real-world accounting scenarios.

Industry first: - Unlike other products currently available that have zero or limited configurability of front office functionality, Adapt offers full configurability in the front office to maximise productivity, with data flowing through automatically to the built-in back office.

Cost effective: - Because Financials is built in to Adapt, money is saved on IT expenditure to create and maintain an integration.

Time efficient: - Financials has the option for front office users to see specific critical back office information such as checks sent, invoices raised and credit status, making your sales and recruiting staff more efficient as they don't have to contact the accounting team to find out critical information.

David Read, President and CEO of Bond International Software Inc., comments: "This is a very exciting time for Bond and for our clients. The introduction of Adapt Financials provides staffing firms with market-leading technologies that significantly improve productivity. More than ever before, we are able to help them improve the services they can offer their customers – which, in turn, results in higher revenues for our clients.""

[rivaldo] 29/10/2007 12:16

Off we go again - talk about a yo-yo.

If I'm not mistaken (as a complete amateur) there's a lovely long-term upward trend line on the chart which BDI keeps bouncing up from.

I always say these things are meaningless, but then I keep coming across stocks where there is without doubt a long-term trend of one sort or another - which means either that there's more to charts than I thought, or that the people who pay attention to charting are dealing and making the chart a self-fulfilling prophecy. I dunno I'm sure.

[njp] 25/10/2007 12:35

Not always so lucky, riv! :-)

We'll have to see whether it's sustained. BDI's very cheap, of course, but market's still very twitchy.

[rivaldo] 25/10/2007 12:29

Now that's what I call timing NJP! A small burst of buying was more than enough to reverse the ridiculous fall - I have a feeling there are a few small PIs who panicked and have fallen prey to bigger fish who can see the larger picture.

[njp] 25/10/2007 11:44

Taken advantage of the current price to buy a few more back.

[njp] 25/10/2007 09:00

Performance so far today is certainly hard to understand, riv, though it's always been suject to large swings on little volume.

[rivaldo] 25/10/2007 08:25

Well, with BDI it's always two steps forward and one step back, and the recent fall has been on minimal volumes as usual - today it's down 3.5p on just £8k of trades!

Even on the HB numbers BDI now trades on a P/E of only 13 for the year about to finish, and there's 30% upside to their 243p valuation.

BDI continue to be a world leader in their niche, and such a rating is too low imo. A couple of extracts from the report:

"Over 150 new clients in the UK and a further 120 in the US signed on to
use Bond International Software. We expect this success to continue
especially with the recent acquisitions."

"The release of Bond's Adapt software, its 11th version, has been
successful with good demand. We expect to see some potential crossselling
given the recent acquisitions particularly in the local authority and
public sector, giving Bond more growth opportunities."

I think particularly if BDI were to announce progress in cross-selling to the public sector we may see a sea-change in BDI's rating.

[rivaldo] 10/10/2007 12:49

HB eh...hmmm. Ta for the link anyway SirL. You'd expect EPS to be lower because of the recent placing. By the same token, if BDI use the funds to make more earnings-enhancing acquisitions then the EPS forecasts will increase.

Digital Look have 15.1p EPS this year and 17.2p EPS for 2008.

BDI remains cheap imo given all the factors reiterated ad nauseam, including the high and increasing recurring income, newly signed long-term contracts with Manpower, Hays etc, diversification into other non-cyclical sectors, potential from corporate sales etc etc.

And Fidelity didn't invest £5m at 220p in August for no reason.

Nice to see a 243p target price - for now anyway, until upgrades.

[sirlurkalot] 10/10/2007 11:47

HB research note here

Is the 2007E forecast for 14.something pence eps lower than it was? Not sure, you guys decide. I sold all my Bond a little while ago at ~220p as written here, and I'm worried the outlook for recruitment is mixed enough that companies might put off capex investments in that area. RCG, where I put the Bond sales proceeds, certainly gets a 'Could Try Harder' half term report, but I'm ~10% up on the switch so far.

[rivaldo] 08/10/2007 09:00

Nice start - someone bought 2,500 shares at 2p above the 204p offer before the market opened.

[rivaldo] 05/10/2007 14:10

Volatile as usual sper! Someone was keen - around 24k shares bought in 11 minutes at just after 1.00.

[sper] 05/10/2007 13:41

Relatively small volumes pushing the price up significantly today.

[rivaldo] 03/10/2007 22:31

A good day for BDI, though as usual there was a bit of selling - imo there are probably still VCT investors/early 40p placees who are taking bits and bobs off the table as the price rises, being replaced by the Fidelity's of this world.

Geovest above makes a good point about the worldwide market for BDI's products, although most revenues do come from the UK. The market sill has to realise though that BDI has diversified away from pure recruitment, and once it does BDI should achieve a higher rating.

Better safe than sorry NJP! It does seem like the markets are settling down for the moment, though the US was down a bit tonight.

[njp] 03/10/2007 10:20

Momentum buys, rivaldo.

Still a very nervy market for small caps, but I guess the buyers are creeping back here - thinking the price is on the way back to the 200p+ range.

I guess I should have snapped up a second tranche at 184p, but I'm still not convinced the market's totally in the clear yet. My caution may cost me money.

[geovest] 03/10/2007 10:19

The SA deals may have been the catalist affirming the potential global market for the product which combined with the success in the corporate market, substantialy reduce the volatility when there is a slowdown in one recruitent market (say the US). Fundamentals remain very attractive.

[rivaldo] 03/10/2007 09:49

I wonder if those South African contract wins are filtering through to the market? Or perhaps the fundamentals are winning through.

Fantastic to see all those buys. And the current price is still 19p below the 220p placing price!

[geovest] 03/10/2007 09:40

"SmashingGuy - 29 Sep'07 - 10:01 - 1412 of 1417

Have i missed my chance to short this? Lots of recruiters are issuing profit warnings at the moment "

Burn Baby Burn!

[sper] 03/10/2007 09:39

and up again - good day for BDI and a good day for me!

[rivaldo] 03/10/2007 07:59

Nice pre-market open 3k buy and the price is marked up already.

[rivaldo] 02/10/2007 21:01

A second win in South Africa - that's two in two days!



"Tower Group goes with MCI, AdaptRecruitment MCI
PRESS RELEASE ISSUED BY GLOBAL RESEARCH PARTNERS

[ 2 October 2007 ] - MCI Consultants, the exclusive distributor for Bond International Software in South Africa and the largest distributor of staffing software in South Africa, today announced that the Tower Group had implemented Bond International's AdaptRecruitment System application as a way to handle its data more effectively, improve its processing efficiency through integration with its payroll and invoicing systems, and increase the capabilities and competencies of its company by centralising the company's data on a single server.

"We believe AdaptRecruitment is the best system of its kind globally and has been handled professionally in SA for many years by MCI," commented Lynn Frost, MD of Tower Group. "Thus, the choice was a natural one for us to make and we have not been disappointed."

The Tower Group, which operates on a national basis, was originally formed in 1980 as a specialist staffing services consultancy. While it is able to place staff at most levels, the Tower Group has particular expertise in a number of specialist areas, including credit and risk; retail; call centre; office support; finance and accounting; executive and management appointments.

During 2004, Tower sold 26% of its shareholding to Jerry and Doreen Vilakazi of Execuprime, a leading black-owned training and HR organisation, in order to pool talent, skills and expertise to create a new force in the field of staffing, training and HR consulting services. Thus, clients dealing with Tower are thus assured that they are dealing with a business that has the financial strength and track record to deliver significant bottom-line value. Its diversity, as well as its rich pool of skills, empowers them to deliver a real value added service to companies."

[rivaldo] 02/10/2007 09:32

Common sense returning and up for a second day.

[rivaldo] 01/10/2007 15:36

BDI winning business in South Africa - Adapt is "the world's leading system of its kind"...



"EOH Abantu goes with AdaptRecruitment MCI
PRESS RELEASE ISSUED BY GLOBAL RESEARCH PARTNERS

[ 1 October 2007 ]

MCI, the exclusive distributor for Bond International Software in South Africa and the largest distributor of staffing software in SA, today announced that Abantu, a company within JSE-listed EOH, had installed Bond International's AdaptRecruitment System.

"We needed a system to handle our current and future needs," commented Bruce Cameron of Abantu. "AdaptRecruitment is the world's leading system of its kind and has a large base here in South Africa, with good support for the software coming from MCI Consultants. We are at the beginning of the growth phase of our company, thus it made sense to install the AdaptRecruitment software early on in our life cycle."

"Abantu joins the rapidly growing list of companies adopting this software worldwide and in South Africa," 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.

EOH Abantu is a labour broking company within the EOH Group and recently acquired ePrime Consulting, a company with 50 SAP contractors. This deal is expected to be the first of several by Abantu, which will also utilise the resource pool that resides within the EOH Academy."