Brady Share Discussion Threads

[glasshalfull] 03/5/2013 18:07

Directors buying & also spreadbetting...now my favourite small cap institution Hargreave Hale are getting into the act.



With this weeks AGM statement indicating that the company are performing strongly & Edison reiterating this (see link below) then I wouldn't be surprised if the share has finally bottomed.

I've followed Hargreave Hale's lead & feel the shares a good risk/reward play having come off 30% since mid January while rest of the market has been hitting fresh highs.

Regards,
GHF

[foxman14] 03/5/2013 08:44

Small top up this morning to my position at 79p and opened a spreadbet with a Dec close. Hope we've reached the bottom!

[davidosh] 02/5/2013 17:32

Did anyone attend the Agm ?

[davidosh] 02/5/2013 17:28

The Company has been informed that on 1 May 2013 Pat Brazel acquired a beneficial interest in 50,000 ordinary shares in the Company at 72p each by means of a spread bet. Following this transaction Mr. Brazel has an interest in 281,682 shares representing 0.29 per cent. of the Company's issued share capital.

[1356] 29/4/2013 07:50

Confident if short AGM statement. When did the company propose a share buy back? I'm missing that... which RNS?

[woodcutter] 24/4/2013 20:37

sorry davidosh not able to go monday, but having been a holder and watching intently i'm interested to here how things develop. I'm sure the bb will give some feed back.

Woody

[woodcutter] 24/4/2013 15:09

well i sold out in the 90p range in several tranches but it's beginning to look very attractive again. Shortly after the prelims i was swayed by the exceptionals and capitalised sw costs so made the decision to sell.

With forecast for this year of around 6.5eps (capitalised costs unknown) then it's maybe looking undervalued.

Have put it back on my watch list..............falling knife and all that.

It's looking very oversold. But not yet signaled a buy



WC

[cyberian] 24/4/2013 12:40

Not able to attend but the CEO responded recently to an email I sent over concern with the effect of small sells on the market cap of Brady, and apparent lack of new contracts. On the latter he indicated that 2Q and 4Q is when most new contracts etc. are signed and that the share price although currently disappointing would sort itself out. He was generally upbeat as to their tier position in Europe (number one) and globally ranked four, and that additional software areas obtained through recent acquisitions was enabling the company to cross sell more services/products to many of the leading global names/clients on its books. So I got the impression that the company was very much on target and will benefit more over coming months...the proposed share buy-back will help absorb the annoying small sells which we have seen only over the last 2/3 weeks or so. The latter is my opinion only, but I also think that at these levels the company will again attract more Institutional buying, so I have decided to add. Hope that helps...the CEO appears quite approachable and on the ball.

[davidosh] 24/4/2013 09:17

Is anyone going to the Agm on Monday as I do not currently hold but would have liked to attend and get a feel for what is happening here ?

[cyberian] 24/4/2013 08:51

XD today for dividend of 1.6p

[phosgene] 23/4/2013 16:04

If anyone is going, I would like to see what comments they have on the current trajectory of the share price. They will expect it to go up again, but it would be interesting to hear their take on the recent past.

[cyberian] 23/4/2013 11:29

AGM on Monday and if buy-back of shares resolution item is approved (as expected) we should see these silly small sells being absorbed. Unfortunately the share price has fallen over 15% in the last 18 trading days on net sells volume of 114,828 shares...... however, solid fundamentals should really help a full recovery. Hopefully the company will give a positive update message at the AGM which should restore confidence and who knows a buying frenzy.

[foxman14] 16/4/2013 16:47

I got back in again on Friday, as the share price is almost back to the last placing of 77p in February 2012. As stated in the previous posts the prelims said 'trading in line' so we should be expecting 6.5p this year. In terms of new contracts they have more than enough implementations to go at this quarter and it is at this point when historically they have recognised the revenues. Hopefully more new contracts will follow shortly.

17/4 Down to 74p on the bid. I will keep my opinions to myself in future!

[cyberian] 15/4/2013 20:18

Good post Broker etc.....2 things of interest. First someone has suggested that new contracts are not being announced when the company is trading in line with forecasts/expectations, and at the AGM on Monday 29th April there is a resolution for appoving buy-in of shares up to 2,250,000. The former is silly but advised by their broker, and the latter makes a lot of sense when the share price keeps dropping on small sells...maybe because some investors aren't seeing new contracts being announced...explanation given above!

[brokertobroker] 15/4/2013 13:53

Interesting article in today's FT on the ridiculous profits made by the commodity trading houses over the past decade. All of Brady's top clients mentioned.

Key Points:

The world's top 20 physical commodities trading houses last year made $33.5bn. The world's top commodities traders have pocketed nearly $250bn over the last decade, making the individuals and families that control the largely privately-owned sector big beneficiaries of the rise of China and other emerging countries.

The Commodities trading industry is now facing strong headwinds. Aggregate profit growth has stalled, and key measures of profitability are dropping year-on-year.

The sector's return on equity has dropped. While some traders enjoyed returns in excess of 50-60 per cent in the mid-2000s, they are now averaging 20-30 per cent – though that is still large by any business standard.

While some traders, such as Louis Dreyfus Commodities, continue to see their net income growing, others are facing a harder time.

The commodities market is becoming more and more competitive.

Bankers said total commodity revenues dropped in 2012 to about $8bn, down from a peak of $15bn in 2007.

However, despite the stalling of profit growth and the fall in return on equity, the industry remains hugely profitable.

So, Brady is going to find it more difficult to win new clients and grow organically, but Brady has a sticky business model and it is strengthening its offering and geographic reach.

Remember, Brady specialises in risk management systems and compliance. In bull markets traders like their toys, in bear markets traders need the appropriate risk and compliance management software.

For me it's a BUY!

[cyberian] 26/3/2013 16:00

Good to see that the company has had to pay up another $200,000 (in shares) with respect to their latest acquisition in the US last November as the latter has achieved above target revenues/profits. Hope that trend continues as looks a good purchase and the currency will help dear old UK results in £ sterling!

[philo124] 11/3/2013 11:55

Just came accross this stock as a result of being sent Edison note this a.m.
which in line with Digital Look forcasts. I don't hold but am going to put on watchlist. FWIW.

[apad] 11/3/2013 09:06

Sold BRY this morning.
Multiple reasons:
Accounts produced by what geswan would call Mystic Megs and Lily Gilders: cash flow statement completely at odds with headlines.
Interview with CEO (a while ago) shows him as a marketing man.
New products are separate and the man Brady's product is old.
It just looks like a basket of acquisitions and the risk is too high.
GLTA holders.
apad

[togglebrush] 11/3/2013 07:53

Results Out:-

Financial Highlights:

-- Revenue increased 47% to GBP28.1 million (2011: GBP19.2 million), including an increase in recurring revenues of 48% to GBP14.5 million (2011: GBP9.8 million);

-- EBITDA before exceptional costs increased 52% to GBP5.6 million (2011: GBP3.7 million);

-- Adjusted earnings per share(1) , as calculated by market analysts increased 8% to 5.94 pence per share (restated 2011: 5.50 pence per share at an assumed consistent normalised tax rate of 10%);

-- Raised GBP18 million gross in March 2012, following a significantly over-subscribed share placing at 77 pence per share; and

-- Dividend per share paid increased 7% to 1.5 pence per share (2011: 1.4 pence per share)

Operational Highlights:

-- A record twenty significant new licence contracts signed in the year compared to fourteen in 2011, including global deals with prestigious industry participants and strong interest for Brady's new cloud based offering;

-- Successful installations and upgrades completed in Europe, the Americas, Asia and Africa; and

-- Acquisition of Navita in March 2012 and acquisition of SAI, a leader in the recycling market, in November 2012.

[nfs] 27/1/2013 05:09

The software/ tech experts may like to take a look at net dimensions ( netd)
In a nice geographic place with low valuation and plenty of cash on the b/s too

[glasshalfull] 24/1/2013 22:24

O/T - Only sliced a few jackleeds, still looks good to me. Just getting top heavy in a few stocks & mindful of the inexorable rise of the market. I placed proceeds of GTC top slice into THAL to rebalance my holdings in the sector FWIW.

Regards,
GHF

[jakleeds] 24/1/2013 22:18

Out myself today - I know the two of you have sold/top sliced your respective holdings in GTC but I've been adding as it is still way too cheap IMO, with a market cap still less than £20million and plenty more good news to come.

[glasshalfull] 24/1/2013 22:11

BRY looks to be fairly valued to me on the basis that earnings growth of only 12% factored in for the coming year & question mark over growth in services.

It would have only been 8% growth factored in for 2013 if Edison hadn't reduced forecasts for 2012 from 6.0p to 5.8p

Having said that it's operating in an excellent niche and SIA looks like a stonking purchase.

You may gather from my summary that I'm now out having only taken a small position which I've decided not to build on.

GLA

Regards,
GHF