Brady Share Discussion Threads

[cheshire man] 25/3/2014 08:23

Another nice move up this morning :-)

[aishah] 24/3/2014 19:02

TechInvest put me in around 60p back in last Sept. Handsome return to date. LTBH

[richjp] 24/3/2014 18:57

I have been watching this one for some time and first bought in over a week ago following the Kestrel announcement and added more again today, although I had to pay a little more than I intended.

I have done very nicely overall in recent times buying whenever I have heard of a Kestrel involvement. That might not sound like a sophisticated investment strategy but it has worked well for me.

[cheshire man] 21/3/2014 08:36

Thanks for that Techno20 difficult to keep an eye on everything :-)

[techno20] 20/3/2014 21:37

Nice to see (albet delayed) positive reaction to the results. Announcement yesterday won't do any harm....


Wednesday, 19 March 2014 07:00
Gerald Selects Brady for Iron Ore Trading


19th March 2014, London:Brady plc (BRY.L), the leading supplier of trading and risk management solutions for commodities, energy and recycling, announced today that it has extended its solution functionality with the Gerald Group, a leading global trader of commodities, focused on non-ferrous metals and bulk materials. Gerald has extended its use of Brady's commodity software solutions to support trading and logistics for iron ore trading.

Gerald will use the Brady ECTRM platform for pricing and contract administration and logistics for iron ore including management of quotational periods, elements and sizing for the contracts and the system's ability to integrate seamlessly into the existing trading platforms, enabling consistent p&l and risk calculation across the enterprise.

"Gerald's requirements align perfectly with our core competencies, enabling us to provide them with this additional functionality. As Brady is already a strategic partner for Gerald for metals trading and risk, we are delighted in their confidence shown in our ability to further integrate our solutions into their infrastructure and business operations," said Gavin Lavelle, CEO of Brady plc.


Craig Dean, Gerald's CEO commented on his reasons behind the decision to select Brady: "For more than 25 years Brady has been developing leading software for customers to successfully manage the volatility, risk, and complexity of commodity trading and as the leader in their field and an existing supplier to us, the selection process was relatively simple. We have every confidence in the solutions and support that Brady provides, as well as their ability to deliver the right set of tools on time and within budget."

[rimmy2000] 19/3/2014 15:50

hell yeah, about time.

[cheshire man] 19/3/2014 15:47

Very pleasing turnaround here :-)

HTTP.privatepunter.co.uk/‎

[techno20] 17/3/2014 11:03

Positive write up from Techmarketview...

Timing's the thing at Brady
Peter Roe, 09:38, 17 March 2014
Over the past six months we have cautioned about Brady's second half, see here and work back. As foreshadowed, the revenue of this provider of trading, risk management and settlement solutions to the energy, recycling and commodities sectors was below market forecasts, but ahead of last year, 2013 ending with £29.4m (vs. £28.1m). EBITDA was well down at £3.5m (£5.6m in 2012). Eps halved to 2.78p. The results were hit as the change of business model, to cloud and onto a recurring basis, deferred receipts, and particularly as large deals took time to negotiate, shifting revenue into 2014. Cloud revenue was up by 19% and recurring revenues up 14%, to 57% of turnover.

Across the Group the substantial progress during 2013 includes the integration of the Recycling business, greater business with global providers and growth in Asia and the Americas (Americas is now 23% of turnover). The 16 new contracts will generate momentum for Brady throughout 2014.

Brady is targeting bigger deals and higher revenue per customer (the average licence sale is now at £374k, 54% up on two years ago). This will be helped by a tighter organisational structure, with Metals and Physicals uniting in a Commodities Division, alongside Energy and Recycling, the wider application of Brady's solutions and through the emphasis on Cloud and SOA, providing greater ability to scale up to support customers and provide solutions from a standardised, cost-advantaged base. Costs control should be tighter following completion of several integration and consolidation programmes.

Brady is now well placed for profitable growth in 2014 with a majority of revenues from recurring sources, a strong pipeline and momentum. Although Brady's underlying markets could be under some pressure, we anticipate that a fair measure of our patience will be rewarded in the current year.

[bookbroker] 17/3/2014 10:28

I agree, despite my disdain for performance of co., I'm slightly disappointed that the reaction to the results somewhat muted, it is all about 2014 onwards nonetheless, still think management really need to up the ante and prove their worth, the valuation is unacceptable, hopefully O. Scott will push them a bit, otherwise it's a takeout by a rival, the statement was naturally very positive, that's what I call simply put a spin on a very poor year!

[techno20] 17/3/2014 08:15

Results look as expected - disappointing 2013, but far stronger performance coming into the new yr....


"Although the 2013 results are not as strong as we would have wished the Board is confident that the strong momentum in the business, demonstrated by large contract wins in the last quarter, and the impact of the restructuring of costs achieved in 2013 should result in significantly higher profitability in 2014 and beyond.

Brady operates in a large, global market. Everybody on the planet is reliant on commodities and energy and Brady continues to be well placed for profitable growth"

States trading is in line with market expectations, which are for £5m PBT. Deliver this and we should see these moving steadily back towards £1.

[bookbroker] 15/3/2014 09:45

Morningstar register of shareholders confusing, co. site suggests Cazenove Capital (Schroders)holding essentially sold to Kestrel, Blackrock holding taken up by Investec and others, at least there should be some stability now in the main register, and a more activist stance taken by new incumbents to improve the shareholder return!

[johnv] 14/3/2014 12:21

Most you can buy thro Barclays is below 8000 shares. not much stock around

[bookbroker] 14/3/2014 09:34

An interesting shareholder in Kestrel, they've had a positive effect on KBC Advanced Technologies, let's now hope a floor is under these and Oliver Scott will push for an improved performance!

[bookbroker] 11/3/2014 16:50

Hindsight would suggest Blk disposing of remaining holding, already under 5%, clear intention to close out position entirely judging by sales last year.

[bookbroker] 11/3/2014 16:50

Hindsight would suggest Blk disposing of remaining holding, already under 5%, clear intention to close out position entirely judging by sales last year.

[bookbroker] 11/3/2014 16:17

Another massive block gone through, I can only assume Chase reducing, not sure how accurate the register on Morningstar is though!

[stegrego] 11/3/2014 13:09

The fact the share price is falling doesnt mean anything is necessarily wrong or that buying is an incorrect decision.

It just means the market doesnt agree at the current time.... Good job the market is wrong most of the time, otherwise no one would ever make any money!

[bookbroker] 11/3/2014 10:00

One more, no reason to believe they should fall any lower, last statement suggesting recently signed contracts should benefit the bottom line this year, but whose to say management might slip on another banana skin, they're good at that, but if that's the case this is a takeover play in waiting!

[rimmy2000] 11/3/2014 09:53

sold 50% to limit any damage, and got S/L in place on remainder. S/S tells me results on 17 Mar?

[bookbroker] 11/3/2014 09:12

Last post, even I'm getting sick of my own comments on this thread, kind of at a loss as to why this co. seems to struggle to make headway in terms of share value,always thought that the co. has one of the brightest set of minds on a list of board members, but alas that does not always transpire into value creation, and the products they offer seem to stand the test in terms of client service, so why is it that we are where we are, a giant conundrum maybe!

[bookbroker] 11/3/2014 08:55

Crikey, there's been a purchase, somebody has spent a grand on some shares, better pop the champagne cork!

[bookbroker] 11/3/2014 08:31

Hopefully any news will be accompanied by the announcement that the CEO has decided to step down and let somebody, who is more competent, take on the role, current guy could not have done a better job than myself at destroying shareholder value, best hope is for an offer for the co.!

[bookbroker] 05/3/2014 22:11

Well a big block went through on the 28th Feb., maybe Blackrock out completely!

[johnv] 05/3/2014 14:50

Some news leaking out perhaps