Brady Share Discussion Threads

[magnerita] 20/2/2008 10:22

why would brady give 50% discount to a current client? doesnt make sense.

[joshalexander] 19/2/2008 19:30

supatrada

Well you have suceeded in making me think twice about taking a stake here,
I held previously and luckly timed my exit well.

I will await the next results and then, perhaps, reconsider.
The current Market is not that interested in Small Cap Tech Stocks,
so little compelling reason to buy now IMO.

[supatrada] 19/2/2008 18:07

Just heard the Mitsubishi contract was given at a 50% discount(!) - so probably less than 100K + extras. Guess they were just desperate to get that name on the client list. Waiting for the drop back to 30p then i may consider getting back in again. Does anyone know if they are upgrading their technology to combat the performance problems? I don't think the competitors Triplepoint et al have these issues and that would be a deal breaker for me - better to pay more and get a decent product than slow down the traders.

[cyberian] 19/2/2008 08:43

I have come to accept that the new management team are just what Brady needed, and they appear to be recruiting and positioning themselves in a manner to grow significantly. The London/USA offices, and geographic coverage are all a major step forward and they have the cash, which is pretty important today! Also sense that with their software meeting the related sector regulatory requirements that the client base potential is considerable. The software that Brady provides is potentially more of a must have than trying to save/trim extra costs and make do with existing software. The SocGen incident has the compliance people running scared within large trading organisations and Brady needs and I hope can capitalizeon in this area. Brady is a good hold now for the medium term imho... DYOR.

[magnerita] 18/2/2008 17:48

28 jan - see website, with mitsubishi.

[joshalexander] 18/2/2008 17:15

The Director Buying and the net cash make this look interesting.

But when was the last new contract win announced??.

[hubshank] 17/2/2008 20:35

I am well and truly out of pocket on this investment, a small rise would be something. Considering whether I should hold fire on selling up this week to pay for my holiday, or to hang on to this particular stock until results. It's a bit of a "flip a coin" scenario.

Trouble is with small stocks like this is they often creep up when you least expect them too. I will feel confident in saying they are trading on rock bottom, however don't really know what they are worth.

[cocl2] 17/2/2008 20:17

Well I think I have previously gone on record as saying that they said they were going to do x amount of business and then the market thought "So, that'll mean x + y% then" and this had to be dropped back into line (just look for the huge price drop in the autumn.)
So, I don't trust the market and their expectations. I'd have been more sure of what they meant if they had said that they had exceeded their expectations. I suppose we will have to wait for their figures to be announced and after that, grill them at the AGM.

[hubshank] 17/2/2008 18:44

lol, guess you don't have particularly high hopes for them. Seem to recall reading a RNS claiming have exceeded market expectations, my question is - what were market expectations?

[cocl2] 16/2/2008 10:15

Guess at the worth of what?
Redundancy / Support Manager / Sales / Canon Street Office / Mitsubishi Contract

[hubshank] 16/2/2008 08:58

anyone care to have a guess at what these are worth?

[supatrada] 15/2/2008 12:24

Another redundancy -support manager this time. Flatlining now­­, needs CPR in the form of sales to justify new office investment.

[hubshank] 13/2/2008 20:49

Brady moves to new offices at 60 Cannon Street in the City of London, an area historically linked to futures and commodities trading. The new London office will put
"Brady's sales and marketing staff in closer proximity to its City-based clients."



I wasn't actually aware they had sales and marketing staff and that was half of the problem.

[cyberian] 13/2/2008 15:52

The company's web site "news" (www.bradyplc.com) is useful for latest info. which I now see reveals that they have an office at 60, Cannon Street, London. About time too in my opinion...plus latest two regional recruits for Europe and Middle East etc. shows along with the Mitsubishi contract that at last things are moving. It could be quite a good year and will be nice to see cash balances increasing....

[unionhall] 29/1/2008 09:11

Well spotted...

Yes, not just an extension of an existing contract but a new contracr with a new arm of Mitsubishi...I'd guess their advisor will have told them it's good but not material enough for an RNS.

28 January 2008
Mitsubishi chooses Brady for aluminium trading
28 January 2008, London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has announced today that Mitsubishi Corporation (UK) Plc has chosen Brady's Trinity for its aluminium trading operation.
Mitsubishi already has a relationship with Brady, having been a user of Trinity for its precious metals trading in New York since January 2007. The latest deal extends the use of Trinity to include the company's aluminium trading in Europe.

[magnerita] 29/1/2008 07:12

The contract extension with Mitsubishi looks like a big positive to me. Strange the company is not putting this out as a separate RNS as this is the first sign-up over a year and since the new management has been put in place.

Looks almost like we are back on track - with the big difference that we have lost a year!

[unionhall] 28/1/2008 21:20

true..true....

I was thinking in terms of why they had not allowed the chairman buy on the open market instead of issuing shares. Still don't understand that considering their cash mountain.

[davidosh] 28/1/2008 20:56

It may not be good business for the chairman but technically shares issued at 60p and then bought back at 42p would be very good business if the actual prospects and forward expectations have increased. Almost certainly earnings enhancing for the majority of shareholders except maybe the person selling them.

[unionhall] 28/1/2008 20:47

cyberian - wouldn't make any sense as they issued 600k to the Chairman a few months ago....

[cyberian] 28/1/2008 15:41

Must be a cross trade..will be interesting to see the next RNS in a day or so. My guess is that a former non-Exec. sold part of a holding and placed the shares...can't for the life of me believe that BRY would buy-in some of it's own shares, although possible.

[magnerita] 28/1/2008 14:37

This 442k trade looks more significant.

[davidosh] 28/1/2008 12:01

I think the directors have already put their confidence at stake by buying substantial holdings especially the chairman and the update should be enough to underpin this company now. Any contract news from here will see the next move or a solid outlook statement in the results.

I will be attending the AGM if there are questions that others who cannot attend want me to raise

[muttleyrules] 28/1/2008 09:58

Cyberian - could be the FD perhaps ... his direct holding is only 50,000 at present. Close period starts 30 days before results so nothing stopping directors from buying or selling in my view.

[cyberian] 27/1/2008 17:52

Looks as though the 100,000 trade posted this Friday well after the close was a delayed buy at 43p as the day before we were at 39p to 43p. Maybe a Direcor buy but not sure if still in a close period despite preliminary guidance being given the previous day, for Y/E '07.

[cyberian] 24/1/2008 11:06

Warning given on 10/9/07..."full year profits will be substantially below external expectations" Now say slightly ahead market expectations...give me a break...they did not need to spook the markets...they inherited a good balance sheet/liquidity and should have simply indicated that they would improve performance. Whatever, we have a long wait to get the share price up to where it was before their poorly worded RNS last September.
Remember...we were at 55p before Lavelle made his statement (shares collapse after building-up well beforehand)...and within a few days he and the CFO buy at around 39p...gets loads of options at 41p and then he sees that trading and company's position is not so bad and buys a slug at 44p. Sorry but don't like his handling of matters and intend to put him on the spot at the AGM. Having said that the new Chairman bought 1 million at 60p and maybe he is a tad wounded.