Brady Share Discussion Threads

[gargoyle2] 21/8/2015 05:47

Interview with Gavin Lavelle on page 73.

[rivaldo] 29/7/2015 13:45

The July issue of Techinvest is now available free on their web site, so here's what they had to say about BRY:



"Brady (BRY; AIM) # 98.5p
During the month Brady revealed that Fortum, one of the largest power suppliers to the Nordic/Baltic region, has chosen Brady’s Energy Data Management solution (EDM).

Fortum Electricity Sales is a major energy retailer in Finland, Sweden and Norway, with over 1.2 million consumers. Brady boasts leadership in energy solutions for the Nordic market. In Norway alone, more than 60-70% of all physical traded power is processed via Brady EDM on a daily basis.

Very strong hold / Add."

[rivaldo] 23/7/2015 08:32

Good new interview with the CEO here:

http ://www.proactiveinvestors.co.uk/companies/stocktube/3963/brady-boss-pleased-with-client-wins-and-forward-momentum-3963.html

- 50% of BRY's business is with traders, who benefit from price volatility, which has been and is certainly present in recent and current times
- the recent global metals contract is with one of the biggest metal trading companies in the world, being used by over 200 users in 9 global locations
- the other recent contract with one of the largest recycling companies in the world starts with an AsiaPac deployment as part of an eventual global deployment of BRY's solution
- the recycling sector is "absolutely enormous"
- the Energy division is growing as it benefits from the move away from coal etc towards renewables, benefiting from the deregulation of European power markets

[aishah] 20/7/2015 12:03

Brady had a very busy first half, signing a number of substantial deals with high-quality names, including one of the world’s largest commodity traders and a world-leading metals recycling company. Additionally, the Energy division has continued to build momentum, with six new deals signed. The healthy deal flow and strong pipeline is in spite of the recent high volatility in the commodity markets. While H1 sales are slightly below expectations due to timing factors, bookings are higher than expected and we anticipate a stronger than typical H2. Hence, we believe the stock continues to look attractive at c 15.5x our maintained cash-adjusted FY16 earnings.

[aishah] 20/7/2015 11:12

TechMarketView:

Brady Plc, the provider of trading and risk management software to the global commodity and energy markets, expects to hit its targets for revenue growth in FY15, despite H1 being ‘slightly lower than last year’.

In a H1 trading update, Brady said it had signed nine contracts during the half vs. seven last year, including its recent major deal with ‘one of the world’s largest commodity companies’ (see Brady making solid progress), and ‘a world leading recycling company’ in Australalsia with plans to roll out across its European sites. Six of the deals were in the energy business, including two for Brady’s energy trading and risk management platform.

No reason was given for the dip in H1. However, Brady is in the process of moving to cloud-based delivery for its services – with a third of contracts last year. The cloud subscription model offers little up-front revenue vs. the up-front boost from traditional on-premise licence and maintenance contracts. We suspect this affected H1 revenue. But given the strong momentum in the business, Brady should be able to make up the shortfall, to deliver growth as expected in H2.

[rivaldo] 20/7/2015 11:10

Panmure reiterate their Buy and 126p target price:

[gargoyle2] 20/7/2015 08:53

Interview with GL:

[rivaldo] 20/7/2015 07:32

Good trading update. Every reason to expect further gains over time as the market continues to re-rate BRY, with growth in all three divisions, big contract wins and acquisitions likely soon.

I assume both of the big deals mentioned in the second paragraph are those which have already been announced rather than new?

[aishah] 20/7/2015 07:19

Gavin Lavelle, CEO of Brady plc, commented: "I am delighted to have signed major deals with world leaders across our three business units. The metals deal is with a top class name, supporting their physical and derivatives trading activities in nine locations around the world. The recycling deal extends the company's use of our software in the Asia Pacific region, with the next step being to complete world-wide deployment across its European sites. The Board believes these deals demonstrate our ability to execute globally with some of the largest players in the industry.



I am also pleased to see the upward momentum in our Energy business continue; growth in revenue and earnings has been the result of six new contract wins in the period. Our enlarged business is well positioned to capitalise on the powerful drivers in the market.

[hastings] 20/7/2015 07:17

Hi Phosgene, the meet went very well thanks and I have a full write up to follow.

Trading update this morning confirms Brady is on track to meet full year expectations,while winning ever bigger names across the space should bode well for the future.

[phosgene] 20/7/2015 00:47

@hastings: How was your meet? I have a slightly skewed outlook on BRY and wondered what you got from their management. In fact, can you say who you saw as their structure is occasionally a little opaque regarding the main group and the individual business units.
Thanks in advance.

[rivaldo] 10/7/2015 07:38

Good news igoe104, cheers.

I'm expecting another acquisition from the cash pile soon, which would raise target prices again.

And hastings is meeting management today per his post above, so hopefully some good feedback there as well.

[igoe104] 09/7/2015 18:16

Brady PLC Given New GBX 126 Price Target at Panmure Gordon (BRY)

[rivaldo] 02/7/2015 08:16

Good to see pre-open buying at 107p today.

[igoe104] 28/6/2015 17:27

Nice contract I see, whilst I`ve been away.

BRY is a great company to hold in any portfolio.

[hastings] 27/6/2015 08:45

Agreed Gargoyle2, hopefully continued progress here and steady appreciation in the share price Off to visit the London office to meet up with management on the 10th of July, will post feedback on that for those interested.CheersH

[gargoyle2] 26/6/2015 10:03

Thanks rivaldo. I meant apologies if someone else had posted it before.. I didn't realize that I had! :)

Long term chart is interesting. Seems to have peaked at 107 in 2013. Looking further back, it reached around 112 at the start of 2015. If we can get past those, we could be away. Having said that, is a similar pattern going to be repeated again, with another fall from this 'natural high point'? Given the fundamentals and the news flow, one would hope it not likely.

[rivaldo] 25/6/2015 11:01

New highs now.

G2, you did post it before, but it's good to read again :o))

[gargoyle2] 24/6/2015 17:53

Apologies if posted before.

[aishah] 24/6/2015 10:48

Brady making solid progress