Brady Share Discussion Threads

[kerpen01] 28/9/2005 11:54

Now re-read my posts 36, 95, 98, 121. Still to reach fair value on the downside.

[slapdash] 28/9/2005 07:54

rubbish set of results as expected...

expect stock to go down further...

40p and below here we come

(don't have a holding just watching out of interest)

What I never understand is why Fidelity didn't consult me before their purchase...
or didn't give me a job..

Could go lower still as losses achieved... full year will probably be bleak.. and question marks about the group's products and the demand for them from clients must be asked...

Below 30p might not be far away.

Slap

[yachtmonster] 25/9/2005 23:13

Slapdash,

What's normal for this sector? Still doing my research on this one. Initially looks to be no fun for shorting or holding, as no activity. See my earlier postings, (sarcasm should be assumed in my postings).

cheers,

YM

[slapdash] 24/9/2005 23:21

Yes still ridiculously highly valued...

turnover last year £4.8m... market cap £14m.......



Slap

[aa6] 24/9/2005 23:02

Now, their pe ratio is even lower, as the share price is 50% what it was.

Long lead times in contract appointments, carried over to 2006. Sounds pretty good looking forward coupled with low share price.

Any thoughts?

Good luck

DYOR.

[yachtmonster] 21/9/2005 01:12

I take it all back, there has been interest in BRY. It's been expressed on the ADVFN user sentiment board, which has been fascinating to watch over the last week or so. I look forward to further interest.

P.S. Hello, is there anybody out there, can anybody hear me? ... etc. Or are you all comfortably numb?

[yachtmonster] 12/9/2005 22:40

Have I missed something?

There seems to be no interest in BRY in terms of either trading, posting on this BB, orders or RNSs.

Cyberian, Slap, have you gone off for a love tryst in the countryside? :)

[cyberian] 16/8/2005 15:42

Agree partly Slapdash....have monitored since exit just before warning. Would like to see evidence of more steady buying rather than some bottom fishing types. Thought this recent bout of buying starting with a MM yesterday was maybe some short covering, but now doubt this...more likely a recovery from some new contract news on their Trinity 600 model. If this takes-off then others would have to follow and as you say Slap Brady has about 40% of the key metal traders/players...they would want the same competitive software, I guess. Still watching...all hangs on the new contracts and speed of sign-ups etc.

[slapdash] 16/8/2005 15:06

moving up to pre-warning price.... I'm not tempted and won't get tempted for sometime...

Slap

[luchan] 15/8/2005 13:34

Slap-

"pairs of three's" ....... you should be a football TV pundit!

I think this could a good time to buy.

Sales have been hit by the timing of orders & if we still get £1m
profits at year end the share price now looks worth a punt IMHO.

luchan.

[slapdash] 10/8/2005 15:35

wouldn't buy off tips if I were you....

All tipsters probably did was think commodities... hmm this company is involved in that lets tip it.......... and that is about it....

Is it me of is the company still 'fully valued'

Market cap £12m

Cash £4m after acquisition

Enterprise value £8m....

Sales expected to be around £5m or below... so trading at 1.6 times sales...

To me this doesn't price in the possibility of another profits warning.... and profits warning have a tendency of coming in pairs or in threes.....

Slap

[simonjcf] 09/8/2005 15:39

WrongPrice have tipped them as well.

[blueliner] 05/8/2005 12:45

Very dodgy here, got out with minimal loss earlier, I was aware Shares Mag had championed this co but it wasn't till I researched I realised how much.
Although they issued a stopped out advisory end June I'm sure some readers must have lost half a shirt by this time.
Full list of tips:-

02 sep 04 Buy @ 75.5 - Shares Mag cover story
25 nov 04 Buy @ 83.0 - Shares Mag silicon fen feature
20 jan 05 Buy @ 94.5 - Shares Mag plays of the week
24 mar 05 Buy @ 97.0 - Shares Mag plays update

30 april 05 Buy @ 77.5 - Andy Griffiths Aim & Ofex news

30 june 05 Stopped out @ 66.5p - Shares Mag


I suppose you can't just pick on one failure though, for instance had I followed their many buy advices on Burren last year I would have been well in the money rather than a somewhat poorer latecomer.
Checking my portfolio as a subscriber to the mag, strangely there is no current holding attributable to their advices.

[slapdash] 05/8/2005 09:17

Where are all the previous bulls on this one??? Show your faces.... Love it when we all see what idiots the big boys are.... Fidelity can kiss my *&*^ Alternatively they could give me a job???

Slap

[skyracer] 04/8/2005 18:46

Ouch, but not unexpected IMO. The statement I dont like is this;

" it is understandable that new customers have to carefully evaluate the software before deciding to place an order."

Do they actually have a sellable product or not?

Shrewd observation on cashflow Slap, perhaps they have recognised the sales (and profit) before the customers are fully satisfied with the product and paid up. Look at the size of debtors. Might mean a provision for bad debt in the Interims.

[simon gordon] 04/8/2005 18:33

This is going to be a slow grind.

I think it will make a long basing pattern - chart wise.

They have around 4m in cash - but will they tell shareholders when they spend it? They seem secretive!

As a company they do not have scale and thus will be prone to warnings.

Would a competitor want to buy them?

Are they doomed to be an unloved micro-cap on AIM?

[slapdash] 04/8/2005 16:12

Well the Slapster was proved right. Nice big profits warning just out.

Never think the big boys are smart. Fidelity bought in at 83p a few months ago

The Slapster thought directors selling such a big stake was suspect.

Secondly, why hadn't customers bought?

Anyway, not sure whether worth buying in now but will look again if a reasonable price arises..

Slap

[papalpower] 04/8/2005 15:09

Bad trading statement just released.

[slapdash] 28/7/2005 14:03

one question why so little cash flow on last results

£500,000 cash flow as oppossed to £1.7m operating profits

The one thing I think is that delays often lead to profits warnings...

They will be forced to do a warning if no new customers I imagine...

That will leave you with a company that probably has sales of £4-5m with a market cap of £15m...

And profits are very sucseptible to falling turnover so the profits numbers will be cut.

May not happen just one scenario (look at DAT group).

Slap

[cyberian] 28/7/2005 11:19

Slap..exited yesterday as feel too little interest/following in this company. If it falls to 50p may re-enter before 1H results due mid-September...as think they may well surprise on the up-side. It was getting too boring, and the market overlooked the somewhat encouraging detail of their 22nd June announcement. That was quite discouraging...a real shame. Bye Slap

[slapdash] 28/7/2005 10:14

As predicted - overvalued and falling in price....

[slapdash] 27/7/2005 15:34

the bottom line is I think there are better plays out there with more upside and lower downside risk....

this company already has 40% of the LME traders... how much more market share can it get?????

Flomerics is a better software type companies on financials which I thought of buying into in preference to this...

Low sales to market cap ratio... 35% cap was in cash... dominant market share at 50-60% cash.... lovely statistics.... and going back into growth...

And as predicted the company was strongly up on results today....

And as predicted here Brady's share price is strongly down and could have further to fall...

IMHO....

Slap

[cyberian] 26/7/2005 19:04

Yes, yes, yes, mainly metals I agree but on a global basis I cant see how level of activity are going to change/vary that much. They are also covering electricity, and yes I am familiar with their web site which is quite professional as one would expect. Interesting to see their next set of results....just have to be a tad patient I guess.

[slapdash] 26/7/2005 17:28

cyberian - this company is focused on Metals.... look at their website.... it is metals, metals, metals......

[cyberian] 26/7/2005 11:26

Sorry slap...disagree on commodities trading...from my own experience over many years operators churn every product from Tropicana Orange juice to all sorts of metals. It is amazing the level of hedging/trading...also from the indication of the first 5 months revenues being up over 40% on average over previous year I see NO profit warnings coming from Brady. The 2H will be stronger as indicated...the only problem is that BRY is not on the radar screens of many traders, but things can change. Perhaps we will get a trading up-date in the next month or so whether or not new contracts are signed. Accept we could drift a little further in the share price with such little interest at present, but guess their brokers would try to encourage some comment from company if that happens.