Brady Share Discussion Threads

[davidosh] 02/10/2008 15:55

Excellent point Marben....I doubt the forecasts had been made in expectation of all these contract wins which will deliver very healthy returns on the bottom line in 2009.

[marben100] 02/10/2008 15:33

Yup, "patience" is the name of the game. Something worth bearing in mind about Brady is the high level of operational gearing, i.e. a modest increase is sales can make a very big difference to the bottom line.

If you just look at Oriel's forecast of 2.4p EPS for '09, Brady doesn't look like much of an investment (though, of course, one also needs to consider the cash on the balance sheet). I expect there'll be some revision to the forecast, once the effect of recent sales wins is taken into account. ;0)

[cocl2] 01/10/2008 21:49

"and when they were up, they were up."
Damn this peculiar market we are in. I either want things to fall so I buy more or rise so I can sell some. I suppose I should hurry up and get some patience.

[davidosh] 01/10/2008 18:45

He did rather better than the director the other day who chased them up to 52p. I think they are an excellent long term buy at 41.5p that is for sure. With more contracts being won every month and half the market cap in cash there is no need to panic sell in Brady... but if you do then it seems the directors will gobble them up !!

[cyberian] 01/10/2008 18:41

Non-Executive again buys more after another bought at 52p last week, buys 35,000 yesterday at 41.5p

[cyberian] 26/9/2008 10:00

Think that we will see some more Director buys even at these levels...Chairman bought 1 million at 60p and may add after his gain on Financial Objects? Again the Directors are probably very confident about pipe-line firmness and their increasing financial strength in these difficult times. Maybe a cash buyer from Swiss or Middle/Far East will be tempted to acquire as they have the readies!

[davidosh] 26/9/2008 08:58

Interesting that the director was prepared to pay 45p then 52p for the shares bought yesterday as if the level was not material just important to buy the size he wanted.

[cyberian] 26/9/2008 08:57

More Director buying in what appears to be a very tight market with MM's looking for stock apparently.

[cyberian] 25/9/2008 12:13

From what I understand/perceive is that the recent Xstrata deal is quite big, and other similar ones may follow. Also the company are seeing more maintenance roll-overs/commitments which again will be very cash-flow positive. My own projection is that the company has a much firmer pipe-line than ever before, and therefore see 2H profits way up. In '09 profits could be running at an annual rate of £2.5 million or even higher if more near term conversions/contracts are achieved. A re-rating may happen regardless of recent/current market turmoil at any time.dyor

[cyberian] 24/9/2008 14:39

Wow!!! contracts coming thick and fast...wish the LME link from their web site yesterday was an RNS, as that would also have helped investors realise that the company is really on track. I can see the share price moving up to their former highs over coming months at this rate, with cash accumulation and measured increase in profits. The CEO has stated that he has costs under control and that the re-positioning of the company has been achieved without adding to the previous cost base which is an extraordinary achievement.

[marben100] 23/9/2008 10:37

Incidentally, more detail on Brady website re contract announced via RNS on 15th Sept:

Customer is ASARCO.

[cyberian] 23/9/2008 10:29

Good spot marben100...saw it myself as one has to keep looking at their web site for the very latest. The key is the new management is providing a meaningful timetable and keeping to it...the LME new software offer was promised and now being delivered. The two recent high level guys appointed for the important US market also augers well in coming months....believe 2H will be very strong with a string of new contracts adding to the growing excitement into '09.

[marben100] 23/9/2008 09:58

For info, Brady pre-announced SMART LME interface yesterday:

"22 September 2008, London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced the forthcoming launch of a new interface to LME SMART (the System for Matching and Registering Trades from the London Metal Exchange). LME member firms will be able to interface directly to the LME's matching system which will forward trades to the London Clearing House (LCH) for clearing..."

All seems to be ticking along nicely.

[cyberian] 22/9/2008 09:15

Bright start this morning...believe a lot more to come this year after reading the Chairman's results statement. With all the emphasis on regulatory/compliance etc. requirements this should play very positive with Brady.

[powwow] 17/9/2008 13:47

looks good

[cyberian] 10/9/2008 12:02

Pretty impressive results, particularly going forward into the 2H and beyond...cash balaces have increased since 30/6 to £7.0 million...about 25p a share. Pity we have a poor stock market at present but things will change and maybe some preditor may be tempted!! Also would not be surprised to see some more Director buys if current share price levels continue as prospects appear well supported...company could attract some small Institutional interest as a take-out is possible, and the fundamentals are solid enough.

[powwow] 26/8/2008 17:18

is there any broker coverage of this company

[cyberian] 21/8/2008 10:11

Confidence in the new team appears to be growing and cash position in these difficult times must be growing...as mentioned earlier I am enthused by the recent appointment of two senior guys in the US. The Board obviously sees greater opportunities ahead and are making certain that they have the right resources available. The formal results statement due mid-September should be cautiously up-beat...Director buys up to 45p some weeks back plus confidence in the much earlier share purchases by the new Chairman (60p) and CEO, add confidence. Believe that the pace of deals is likely to accelerate over remainder of '08.

[magnerita] 21/8/2008 07:55

another contract win - but no Trinity it seems.


21 August 2008

New Contract

Brady plc ("the Group") is pleased to announce that a hedge fund division of a
leading US private equity firm has selected Brady to support the trading and
risk management operations of its commodities and metals fund.

This contract is in line with the Company's strategic plans.

For further information, please contact:

Brady plc [phone]

[cocl2] 15/8/2008 21:28

Are they not in a closed period before the interim results or is that just for Full Year results? Even if it isn't a closed period, it'll take some time for the million shares at 60p to be averaged down by an appreciable amount if he is only adding 2% each day. I doubt that Fullager is going to waste brokerage fees on tiny deals. I shall wait and see though as he will have to announce it if it is him. If it is someone else, then I am not complaining that they are making the price rise a little. Too often the share price stagnates and general movement in the stock should help investors impression.

[davidosh] 15/8/2008 15:29

Magnerita....Good point. He also probably has time to focus more on his investments and Brady in particular.

[magnerita] 15/8/2008 14:38

maybe the chairman is averaging down on his initial investment following the cash raised from the sale of financial objects, where he also had a significant stake.

[muttleyrules] 15/8/2008 14:34

Shares ticking higher on little volume today ... something afoot? Probably not but corporates are seeing good value in the market especially in small cap arena ...

[cyberian] 13/8/2008 09:04

On company's web site I notice that on they have just appointed two senior executives for their US operations...seems that they see much more potential for their software. Again tone appears quite up-beat....

[cyberian] 31/7/2008 17:47

"...cashflow was strongly positive..."...these days that is extremely positive. Also believe at least one of the contracts is in fact quite substantial...apparently the problem is that names and extent of contract value is prohibited/limited by the contract party in many cases. The company's pipe-line is strong and management appears more focussed than before in increasing shareholder value. In a better market we could have been pushing 50p at least today...time will reward and believe our company is well positioned and well managed.