Brady Share Discussion Threads

[hastings] 22/7/2014 22:38

Recent coverage that may be of interest.

hxxp://html5.pagesuite-professional.co.uk/default.aspx?pubname=Cambridge%20Business&pubid=68274b74-65ae-4880-9e91-32fbc6879319

[techno20] 22/7/2014 22:12

Rather a subdued response to a really upbeat update. More to come IMV as the realisation of the pace of recovery is recognised.

AND, another new contract announced.....


Tuesday, 22 July 2014 07:00
Brady CTRM selected by LG International to handle its metal trading and risk management
22nd July 2014, London: Brady plc (BRY.L), the leading global supplier of trading, risk management and settlement solutions to the commodities, recycling and energy sectors, announced today that LG International (LGI), has licensed Brady's Trading & Risk Management solution to handle its global base metals trading and risk requirements.

Founded in 1953, LGI, is a global specialist resources trading company, headquartered in South Korea, focussed on the trading of non-ferrous metals, steel, petrochemicals, coal, petroleum, gas and palm plantations. Initially LGI will deploy the Brady solution across several of its Far East offices to manage the trading and risk management of its physical aluminium, copper and zinc trading activities

The Brady solution that was chosen to replace LGI's in-house system, will provide total transparency and accuracy of LGI's trading and risk management operations, from deal capture through to accounting. The solution enables individual physical trades to be viewed from any location, with associated detailed trading costs, including insurance, freight and warehousing, facilitating physical stock management and providing the ability to split and merge stock, as well as time and location swaps. All physical contracts will be able to have their respective hedge trades matched with their future positions.

A spokesperson of LG International highlighted the reasons behind his decision to opt for Brady: "The straight-through processing, enabling full traceability, status history, documentation, invoicing and approval workflows, fully integrated into the robust trading and risk management solution, made Brady the obvious partner for us". Continuing he commented, "Having researched the market for physical trading solutions, we opted for Brady as it was the best platform to meet our needs, whilst seamlessly interfacing with our existing SAP system. Additionally, we were highly impressed by the Brady customer references of some of the world's leading players in the metals market".

Gavin Lavelle, CEO of Brady plc commented that, "We are delighted to welcome LG International to our growing APAC customer base and are confident that we can certainly assist them in their operational risk limitation and empower them to address the highly volatile and complex aspects of the commodities supply chain in this increasingly competitive market".

[hastings] 22/7/2014 21:39

Nice update today

[aishah] 22/7/2014 18:28

All looking good here. Techinvest have them as their favourite AIM share

[rivaldo] 22/7/2014 10:37

Panmure say Buy with a 94p price target:



"Brady PLC Given "Buy" Rating at Panmure Gordon (BRY)

July 22nd, 2014 - 0 comments - Filed Under - by Dave Maldonado

Brady PLC (LON:BRY)'s stock had its "buy" rating reaffirmed by investment analysts at Panmure Gordon in a note issued to investors on Tuesday. They currently have a GBX 94 ($1.61) price objective on the stock. Panmure Gordon's price objective suggests a potential upside of 22.08% from the company's current price."

[rivaldo] 22/7/2014 08:29

Bought some of these recently after having watched them for ages and after the bullish AGM update and outlook in the prelims.

Today's update is extremely encouraging. IMO Brady is undervalued and may well see another leg upwards after a long hiatus.

In particular, BRY has a £7m+ cash pile which is a nice backstop and a lever for organic and acquisition-led growth.

Here's today's update:



"Brady, the leading global provider of commodity, energy and recycling software for transaction processing and risk management, is pleased to provide a trading update for the half year to 30 June 2014.

Trading for the first half of the year has been in line with management's expectations, delivering strong earnings growth compared with the first half last year. The Group remains on track to deliver full year results in line with market expectations.

The Energy business unit has made substantial progress in signing seven deals in the period, including the migration of three clients to the go-forward platform, which actively endorses the Group product strategy. The business has also significantly reduced its cost base compared to the corresponding period last year.

The Commodities business unit has remained focused on delivering its significant projects and recognising its backlog revenue.

The Recycling business unit has shown strong growth, having signed three new customers and successfully delivering two major projects.

Gavin Lavelle, CEO of Brady plc, commented: "I am delighted at the momentum in the business, successfully delivering to our clients and signing new customers around the globe, resulting in both organic growth and increased margin. As the markets continue to focus on business efficiency, visibility, compliance and performance, our sales pipeline remains strong, affording me every confidence that we will be able to maximise on these opportunities. I look forward to providing a more detailed commentary in the Interim Report"

Full details of the Group's financial performance for the period will be provided in the Interim Results, which are expected to be announced on 9 September 2014."

[techno20] 07/7/2014 07:22

Posted today...
Monday, 07 July 2014 07:00
Energiameklarit opts for Brady ETRM and EMIR Regulatory Reporting solution to offer portfolio management services to utility companies
7th July 2014, London:Brady plc (BRY.L), the leading supplier of trading and risk management solutions for commodities, recycling and energy, announced today that Energiameklarit Oy, a Finnish-based company owned by 24 Finnish electricity companies, has selected Brady ETRM and the EMIR reporting tool to enable it to provide portfolio management services to its customer base consisting of numerous energy utility companies in Finland.

The Finnish electricity market was one of the early markets to be deregulatedand is highly competitive, with vast price fluctuations being the norm.This changing market environment necessitates sound risk management processes to be a pre-requisite for undertaking successful business in this deregulated energy market. As a pioneering company in the Nordic deregulation evolution, Brady Energy is the leading provider of energy software solutions to market participants requiring this unique know-how. The automated NASDAQ/OMX feed into the ETRM solution will be used by Energiameklarit as the pricing basis to process financial energy trades, on behalf of its energy utility customers in Finland.

Esko Kytömäki, Managing Director of Energiameklarit Oy, stated his reasons for selecting Brady ETRM:"We require a ETRM solution to offer our portfolio management services to our customers. Brady ETRM is the natural choice for us, having deployed another Brady solution for several years. Having enjoyed a great working relationship with Brady and having seen the latest version of the ETRM solution, it was an easy decision to opt for Brady going forwards. We are also confidant that the data migration process required between the platforms will also be a seamless and secure process."

Gavin Lavelle, CEO of Brady plc commented: "Energiameklarit's decision to select Brady ETRM endorses our product strategy in the evolution of the Brady ETRM. With a deep expertise in the area of risk strategies and modelling, as well as 20 years' experience in Europe's most deregulated markets, Brady Energy is uniquely qualified to help companies like this adjust to emerging demands and maximise their trading opportunities. You only need to look at our list of customer references in the region, to be assured of our commitment to and expertise in this unique market segment. I am delighted that we continue to retain customers as our product portfolio expands."

[techno20] 21/6/2014 07:42

Posted yesterday on the website. Based on last line, sounds like this is already up and delivering...


Friday, 20 June 2014 09:42
Brady and CRisk join forces to offer credit risk functionality
20th June 2014, London:Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today a strategic partnership with CRisk Software, an innovative provider of the latest sophisticated credit risk management solutions. This partnership will provide greater functionality to Brady software, enabling customers to manage their overall credit risk exposure.

Brady Energy's Trading and Risk Management solution allows real-time pricing of a wide range of instruments by using arbitrage-free forward curves, volatility surfaces and index formulae. It facilitates quick evaluation of business opportunities in the complex international energy markets, along with consistent and consolidated exposure views through accurate reports using advanced analytical methods.

The CRisk team brings 15 years of experience in implementing credit risk solutions at many of the largest energy companies, assisting with mergers, margining functionality and other high profile projects. The modern and intuitive system is considered to be the most "fit for purpose" credit system available to the energy sector in Europe. It was designed in collaboration with a large network of credit risk professionals, with input from the EFET organisation.

Commenting on the partnership, Patrik Egervall, CEO of Brady Energy, said: "CRisk complements our ETRM solutions with best of breed credit risk management capability, clearly strengthening our product portfolio. The ability to manage overall credit risk exposure is a critical component of a comprehensive approach to risk management and essential to the long-term success of the business."

CRisk founder, Lars Ribjerg commented: "This is an important step in our overall business strategy to further extend our presence throughout Europe and we are delighted to report that the benefits of this partnership are already being seen by the energy sector's market participants."

# # #

[hastings] 19/6/2014 22:56

May be of interest to other holders, write up on page 40 !

hxxp://www.cambridge-news.co.uk/Business/Subscribe-to-Cambridge-Business-15082011.htm

[johnv] 28/4/2014 11:47

This is slowly turning up.

[phosgene] 28/4/2014 11:07

I must have missed the announcement of the AGM... Anyone going to listen / question?

[aishah] 28/4/2014 10:22

AGM Statement

Brady, the leading global provider of commodity, energy and recycling software for transaction processing and risk management, is holding its AGM today.

At the AGM, Paul Fullagar, Chairman of Brady plc, will make the following statement:

"The Group has continued to make progress in the year to date, signing three new deals in Energy and two new deals in Recycling. Revenue and profitability in the first quarter have been in line with expectations.

In particular, the Group is happy to report that the Brady Energy business unit has made significant progress signing deals in the Netherlands and Ireland for its Power Scheduling and Nomination solution, facilitating cross-border trading activities, as well as the first cloud delivery of the new Energy Trading and Risk Management Solution.

Recycling signed a substantial deal at the beginning of the year with a Canadian metals recycler, which is already in production at the first sites. This was closely followed by a further contract signed with a start-up recycling company based in Puerto Rico.

The Commodities unit is pleased to report a global trading company that signed a significant contract at the end of 2013 has successfully gone into production.

I look forward to reporting further deal flow and business progress as the Group enters the traditionally busy second quarter. We will provide a further update at the interim results."

[welsheagle] 24/4/2014 20:29

Good info, Techno.

[johnv] 14/4/2014 09:32

Techinvest were not daft buying a double holding of this.

[techno20] 14/4/2014 07:50

Another new contact, on website this morning....


Monday, 14 April 2014 07:00
Vantaa Energy selects Brady Energy ETRM Cloud Solution for its next generation trading system
14th April 2014, London:Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Vantaa Energy, a Finnish utility,has selected Brady ETRM Cloud solution to support its trading and risk management in its electricity, gas, oil, coal and emissions activities.

Vantaa Energy Ltd is one of Finland's largest municipal energy companies. The company is owned by the City of Vantaa (60%) and the City of Helsinki (40%). Vantaa Energy produces and sells electricity and district heating.

Having relied on Brady Energy's solutions since 2004, Vantaa Energy has opted to select Brady ETRM's cloud-based solution with its low cost of ownership to support its business requirements from front to mid to back office which will automate their internal processes more efficiently and facilitate the modelling of its contracts, allowing more time to focus on core business activities and serve its customers.

Brady's dedicated Cloud Services provide the highest levels of availability through n+1 redundancy and fully optimised storage across the solution. This provides the perfect environment for enterprise wide and mission critical solutions. Due to the scalability of our cloud environment, it is easy to add more resource as demand increases. With the Cloud solution additional costs for scaling up or out are incremental. This flexibility allows the client to control IT costs and minimise system upgrade disruptions, with added reassurance that our Cloud Services are backed and managed by Brady experts, who have a wealth of domain and system expertise.

Tommi Ojala, Portfolio Manager of Vantaa Energy, commented: "The team at Brady Energy has been committed to our industry for over 25 years, which is reflected in its high level of domain experience, particularly in the field of ETRM. This knowledge of our industry and specifically our business ensures us that our partnership will be mutually beneficial. The Cloud ETRM solution is not a framework that demands years of implementation, but is implemented with all the essentials and flexibility to cover additional needs quickly".

Gavin Lavelle, CEO of Brady plc, commented: "We are delighted at the confidence shown in our ETRM team and solution. For companies such as Vantaa, our Cloud ETRM solution contributes value to organisations within weeks of initial setup. This intuitive system with a sophisticated reporting engine coupled with the benefits of the Cloud, offers a compelling scalable solution requiring minimal IT intervention, leaving more time for the company to focus on its core business of serving its customers".

[hastings] 02/4/2014 13:37

Marben100 you are exactly correct.Had that confirmed when I raised the issue with the CEO in a recent meeting at the Brady HQ.

[marben100] 02/4/2014 12:38

Re Brazel,

Has it not occurred to anyone that he may have held some of his interest via a spreadbet for tax purposes. This is quite a common tactic for investors that have used up their ISA & SIPP allowances, AFAIK he's not short of a bob or two and is unlikely to have used the spreadbet for the leverage.

[No position]

[techno20] 01/4/2014 20:42

Not a good day for the SP, but another deal announced......


Tuesday, 01 April 2014 07:00
ElectroRoute selects Brady to manage its European power scheduling operations
1st April 2014, London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for commodities, recycling and energy, announced today that ElectroRoute Energy Trading Limited, has selected the Brady Energy Scheduling Solution for power to support its European power scheduling operations.

ElectroRoute is a privately owned energy trading company that is rapidly expanding in the deregulating spaces of the international electricity and gas markets. The company was founded in Ireland by a team of energy market experts with over 50 years of experience in the wholesale markets and energy space. ElectroRoute specialises in international power-related commodity trading and prides itself on being able to expand its platform of trading innovation within an environment of control and prudent risk management. As a result of its continued trading expansion driven by new market entry, ElectroRoute needed a solution to support its international power scheduling activities across Europe.

Eamonn O'Donoghue, Head of Operations at ElectroRoute, commented: "Brady Energy Power Scheduling Solution for power provides us a proven market offering, and a flexible and robust tool which is most importantly scalable to meet our strategic growth requirements. With a careful evaluation process of the general functional support, TSO communication and overall European coverage readily available, ElectroRoute recognised Brady is unrivalled in this space with a very compelling solution."

Continuing, he said: "Additionally, we felt that Brady's true partnership approach coupled with the team's unparalleled domain expertise and support in assisting us reaching our business goals, made Brady the obvious choice."

Gavin Lavelle, CEO of Brady plc, commented: "We are delighted that ElectroRoute has selected the Brady Energy Scheduling Solution for our unquestionable market coverage, our ability for fast deployment, and to support their dynamic business growth strategy. We look forward to swiftly and successfully completing this project to add value and work flow efficiency to this new customer as soon as possible."

[bookbroker] 01/4/2014 12:36

Possible he bought on the sell-side as he acquired 100K shares same day, maybe to hedge his position, don't know to be honest!

[aishah] 01/4/2014 12:19

Agree, not good. Might re-consider holding here.

[cheshire man] 25/3/2014 13:34

25/03/14

PANMURE RAISES BRADY PRICE TARGET TO 94 (88) PENCE - 'BUY'