Brady Share Discussion Threads

[slapdash] 12/5/2006 11:21

well I don't get it .... does seem a big price rise when there is no news....

Slapper

[muttleyrules] 12/5/2006 09:54

A new contract would be nice just to cement the story

[slapdash] 12/5/2006 09:51

Probably right... this thing moves on small volumes... so may be nothing to the spike today

Slapper

[muttleyrules] 12/5/2006 09:41

Guess it was a buy order at the open ...

[cyberian] 12/5/2006 09:17

I see the 35,000 at 28.5p was the catalyst for the move as actual trade timed at 8.03 am...

[cyberian] 12/5/2006 09:01

New contracts and/or agreed settlement of dispute maybe!!?? IF more contracts are likely to be signed believe the attraction will be that many other existing and new clients will want the new "600" software on offer. Looks like an unfortunate leak, but if the news is good the share price could easily jump towards 40p....hopefully. Could be an excellent recovery situation....

[muttleyrules] 12/5/2006 09:01

small buyer at 32p now ... i haven't seen any news ... share price now catching up with newsflow

[slapdash] 12/5/2006 08:04

bring it on....

why the rise today on no volume???

The Slapster

[muttleyrules] 08/5/2006 16:58

35,000 traded at 27p ... assume buyers

[muttleyrules] 08/5/2006 10:59

still more buyers than sellers over the last 2 months ... i'd rather be long

[slapdash] 08/5/2006 10:47

well that was a short-lived move up...

Slap

[muttleyrules] 05/5/2006 09:45

There's only one broker covering this one and I don't believe anyone relies too heavily on their forecasts ... break even is enough for this year in my view ... although i hope for better. 2007 should then be the big one. Recovery stories like this don't happen overnight but I think they've turned corner. Icing on the cake would be Sempra settlement (in favour of Brady of course!). If it all plays out well then i think it can double from here.

[slapdash] 04/5/2006 17:19

I think operationally it is good as they are saying they should get another deal and hopefully more before year-end..

However, they are also effectively saying that these deals won't generate much revenue to go through the P&L... that shouldn't matter as only cash is king but it might cause people to be nervy... however, given the depressed share price I think just a sale would be positive... chances of further profits warnings are possible though in my view... even so with the cash backing it is a clear buy up to 30p...

IMHO


Slap

[muttleyrules] 04/5/2006 16:49

Actually looks like the bid dropped away post mkt close

[muttleyrules] 04/5/2006 16:48

Slapper - the scoping work looks to be largely in hand with existing workforce ... if they sign up then the work gets even more involved and you hire more people ... that's how i read it at least ... share price rise was shortlived!

[slapdash] 04/5/2006 15:31

I think they are hiring so that they can do feasibility studies for potential clients who will pay for it.... doesn't mean they are optimistic....

We shall see but I would hope at least one contract before year-end and hopefully two...

Slapper

[muttleyrules] 04/5/2006 14:39

Yes I think that it a fair read of it ... last year was a disaster and it looks like they don't want expectations to run ahead ... all that matters frankly is that do better than break even in 2006 ... if the lead times prove 6-12 months then 2007 could be the bumper year ... that's the nature of small software companies. The fact they are hiring tells you that they are optimistic. What's also great is that the commodity nmarkets are still booming and let's not forget Brady's clients are flush with cash.

[slapdash] 04/5/2006 14:29

Muttley - only negative is the last paragraph... which if you read into it is saying even if we sign something we won't account for it for a while...

I.e. we might warn on profits again.. I don't think the market would mind if they get the deals.... but slightly disappointing as they are managing expectations down in terms of results... would you agree??

Is that how you read it??

[muttleyrules] 04/5/2006 14:14

AGM reads cautiously but you'd expect them to be after last year ... I think it sounds like the pipeline is excellent and importantly they are getting paid for the scoping work ... you don't pay for work unless you are serious ... this lead to a good conversion rate all being well ... overall good in the context of very lowly rated company. My take would be that cash pile is still intact. Shares rightfully marked up. Plenty more upside to go for.

[slapdash] 04/5/2006 13:45

So basically they are saying:

Got some new interest in contracts and confident of signing some before year end. We are confident of signing them as people have approached us and we have started hiring to meet demand. However, be warned we might warn again on profits as we don't recognise the revenues for these contracts for a long time.

On the being sued thing no further update.

All in all. Positive as they are saying they will get further signings this year. If they get two or three the stock could double. If they stop being sued as well it might go up even more.

Could well be the turing point. Stock up on not too much volume. (20,000 i.e. about £5,000)

Slap

[slapdash] 04/5/2006 13:32

Life in the old girl yet????

Slapper

AGM Statement

AGM Statement

Brady plc ("the Company") provides the following trading update to coincide
with its Annual General Meeting on 4 May 2006 at 3pm.

On 1st March 2006 the Company announced the signature of a new contract with
one of the largest copper producers in the world. In the period since then,
further large organisations have asked the Company to make detailed contract
proposals. To this end the Company is currently working on paid scoping
exercises for a number of further clients. The directors are cautiously
optimistic on achieving further contract signatures during 2006.

There is no further update in relation to the Sempra Metals Limited claim and
the counter claim by the Company with the position the same as that stated in
the Company's financial statements.

A project to implement Trinity is typically planned over several phases because
of the large number of business areas that are covered by the product,
including front office, risk management, back office, accounting, and supply
chain logistics. Implementation of the product typically involves significant
paid professional services work, and accordingly the Company has begun limited
recruitment to ensure it maintains adequate staffing levels for the expected
level of business going forward. The Company's accounting policy is to
recognise licence fees predominantly towards the end of projects or phases, and
therefore new contract signatures will typically have their largest positive
financial impact approximately 6 to 12 months after signature.

[slapdash] 25/4/2006 15:50

well I for one certainly hope they sought out something soon....

As newsflow has been a bit slow...

Nevertheless... if they get this legal thing behind them they could do very well and sign a lot of contracts this year

Slapper

[deepal] 25/4/2006 15:15

there is a chance that compulsary upgrade of the software of all mining and oil co. and only brady is the big winner.

[cyberian] 25/4/2006 14:19

A possible combination of news in the form of contracts, legal settlements, new FD etc. could see the share price jump to 50p plus. They have cash, have written off most if not all development expence of the 600 software product up=grade, and revenue growth should see good profits ahead. The key to the legal dispute will IMHO be IF they have been able to find more customers for the "600" upgrade....the aggrieved party is more likely to settle in that event. With over 40% of the market in the metal traders software sector existing customers are more likely to want to be equally provided. DYOR...it may be a false dawn!!??