Brady Share Discussion Threads

[she-ra] 26/9/2019 14:58

I never expected this:

[bsposi] 24/9/2019 17:42

We will run out of money in the next two to three months! CC scores double points as a disastrous CEO, displaying incompetence as well as dishonesty. Uninterested in the day-to-day running of the company, she gives free rein to a couple of distinctly dodgy subordinates.

[she-ra] 24/9/2019 15:38

Cash has more than halved. At this rate they will run out of money in the next three to six months.

[pj 1] 17/4/2019 20:00

Over 18 months since a Post, Id forgotten about this non performer, did you really have to remind me @investorschampion or do they really pay you that well?

[phosgene] 09/8/2017 08:56

Also, not a current holder (and unlikely to become one in the future).
They should stop being in constant turmoil from reorganisations then. Complete something and then leave it for long enough to gather enough data to see if it was an improvement. Goto Step #1 and innovate again.
Whilst I haven't worked for the people mentioned here, this sadly rings somewhat true:
hxxps://www.glassdoor.co.uk/Reviews/Employee-Review-Brady-plc-RVW16185999.htm
(The mislabelling of CEO suggests that either that author or the firm has not got a proper grasp of the roles and could do with some clarity. So even if it the ex-employee's understanding that is wrong, it is actually the company's underlying fault for not explaining themselves.)

[rivaldo] 07/8/2017 11:29

Not a current holder (only in the past), but FYI Edison have a new note out, and have cut this year's forecasts. BRY will now be lossmaking this year.....



This is one of those companies which are cyclical AND always seem to have something working against them (in this case the revenue model transition).

[phosgene] 18/1/2017 17:35

Limit order kicked in today and I finally divested my holding. Just watch the price rocket. :-|

[phosgene] 10/12/2016 14:24

I still maintain that Lavelle's strategy was probably to build and raise the turnover, raise the share price, raise his stock, raise his options, raise interest in the firm, sell it to SunGard (or whoever) and then reduce his holding once he was no longer CEO. If that was the case, then we would have been brought along for the ride as both the shareholders' and Lavelle's aims would have matched (except the bit about his stock and his options).
Now we have a new set of faces from the top, it should be interesting to see how they move forward in the next 6~12 months and whether they have a different tack with their disparate options or if there is consolidation or even further acquisition. The Interim Results in January and year end results in April will hopefully guide us as to their intentions.

[owenski] 07/12/2016 07:12

Good news, needs a CEO that can deliver shareholder value. Not a holder.

[bsposi] 25/7/2016 00:02

This is P&D!

The new Chairman understands: a fish rots from the head down! Good that the CEO will soon "pursue other opportunities".

[phosgene] 21/7/2016 15:20

I have never known Q4 not to be a make-or-break quarter.

[vauch] 21/6/2016 16:13

Hi dose anyone use the +500 for trading.
If so what are the charges regarding buy or sell commissions and other associated costs.

[phosgene] 10/5/2016 17:42

Is anyone going to the AGM this year?? I'd be interested in feedback.

[phosgene] 20/4/2016 16:31

“Customers rely on Brady to help manage the current volatile market conditions”
Chairman's statement.

I have no idea who Brady rely upon.

[aishah] 04/4/2016 10:17

"The shares look attractive" says SCSW in latest issue

[henryatkin] 26/3/2016 08:09

I don't hold BRY, never have but I do subscribe to Paul's Quality Small Cap Report email which I find invaluable as a means of keeping up with stocks I might otherwise overlook.

As for BRY itself it strikes me its all about building a big company as opposed to shareholder value. I'm put off by the ratio of Cash Flow ps relative to CAPEX ps + R&D ps. When I look for quality growth companies - RB., ABC, GRG, CWK, DOM, JD., JDG etc one of the criteria they all have is Cash Flow ps at multiples of Capex ps + R&D ps. Its one of the scans I look for to back up 'n' Consecutive Years of Turnover Growth but in BRY's case the numbers are not historically very good. I'm prepared to suffer a one off fall in turnover if everything else stacks up.

I can probably best illustrate this by comparing ROR & BRY, both who have suffered from the downturn in the resource sector. ROR still managed to produce 4x Cash Flow ps relative to Capex + R&D ps, whereas for BRY the ratio was <1 at 0.6x Cash Flow ps. Because ROR has been positive for over ten years with its CF:Capex+R&D I'm far more likely to give them the benefit of doubt.

As always the numbers are only as good as the data provider & I tend to use Sharescope, Stock_o_pedia and Sharelockholmes as a short cut rather than wade through endless annual reports.

[phosgene] 25/3/2016 15:57

Things which I thought:
It's easy to boost your recurring earnings by dropping the ball with the one-off licence model and thereby artificially raising the relative values.
Good point about the licences confounding the EPS target 6p >> actual 1p.
Gavin has previously suggested that the market turmoil is irrelevant for Brady because they do Risk Management and then when the money for new metals Risk Management systems dries up they suddenly say that this isn't predictable or exploitable.

I'd have been interested to know how the management team are compensated given that their bonuses should have been linked to share prices and contract sales. He's stripped out the dividend to protect the bottom line (and to be fair, Fullager, Lavelle, and Thorneycroft as well as the rest of us will feel that to differing extents) but if they don't also curtail bonuses, discretionary options and other back slapping there is no reflection of the bad results. I would not expect any new Bentleys parked at Brady Towers.

[paulypilot] 25/3/2016 12:55

What did people think of Brady CEO's answers to my questions in latest interview last week - link above in post 1384. Would be good to get some feedback. Not much point in me doing interviews if there's no feedback!

PP.