Brainjuicer Share Discussion Threads

[crazycoops] 26/2/2017 16:59

What makes you say that?

[saturn5] 26/2/2017 15:39

whats this all about

has the share price been suspended ?

[saturn5] 26/2/2017 15:39

whats this all about

has the share price been suspended ?

[longshanks] 26/2/2017 07:34

A video interview with John Kearon on the rebranding and what it all means.HTTPs://m.youtube.com/watch?time_continue=1829&ebc=ANyPxKrtjOhTv193A5B9HFn2qIV7KzdYaKQta-eBLND64BOGnYgpxGxT4iQlPPMut3helBfYi9is&v=9sOxZPq3h5k

[longshanks] 24/2/2017 13:01

I guess the point is that if they achieve profits of 185% above those of today's, then the share price will be much, much higher in 4 years time and we should be happy to have this level of dilution. A vesting threshold of 10% pa (46% over 4 years) seems reasonable.This is a "people business" and they need to retain the brightest and best.

[dab26] 24/2/2017 11:37

Not generally a fan of such schemes at all, but the circular makes it clear that it has been devised in consultation with major shareholders and given the tiered nature of the plan and the ambitious higher-end targets, I am less concerned here than I might otherwise be I think...

[dab26] 24/2/2017 11:30

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Operation
The new LTIP will run for a four-year period, commencing on 1 April 2017 with vesting dependent on the achievement of stretching performance conditions. We anticipate the 3 Executive Directors excluding the Chief Executive Officer (see below) and 4 Senior Executives will participate with opportunity levels dependent on seniority. Awards will be made in the form of nil cost options or conditional shares (where appropriate for local tax/legal reasons).

Award levels
The maximum individual opportunity that will be granted under the LTIP is as follows:
• Executive Directors: 1.50% of the issued share capital1
• Senior Executives: 1.00% of the issued share capital

The total number of shares that can therefore be granted under the LTIP is equal to 8.5% of the issued share capital.

Performance Conditions
Awards will be subject to stretching Gross Profit growth targets. This will be measured based on the compound annual growth (CAGR) in Gross Profit (as defined in the Annual Report and Accounts) over the four-year period. The number of shares awarded that will vest at different performance levels is as follows:

..................................................Executive Directors..........Senior Executives
Threshold: 10% p.a. Gross Profit CAGR................0.50%..........................0.35%
Target: 20% p.a. Gross Profit CAGR...................1.00%..........................0.70%
Stretch: 30% p.a. Gross Profit CAGR..................1.50%..........................1.00%

In addition there will be a Profit after Tax (“PAT”) and share price underpin. The PAT underpin will operate such that a minimum of 10% p.a. growth must be achieved for vesting up to the Target level, with 20% p.a. PAT growth required for vesting between Target and Stretch levels.

The Gross Profit and PAT growth levels are designed to represent organic growth and as such the Remuneration Committee retains the discretion to make adjustments to the targets and/or the performance measures to take account of any acquisitions or other material events.

The absolute share price underpin will be determined on grant but will be no less than 130% of the mid-market price of the shares on the day the awards are granted. This underpin further mitigates against payment for failure.

Chief Executive Officer
As the Company founder, the Chief Executive Officer, Mr. John Kearon, already holds almost 30% of the Company’s shares, and the Remuneration Committee believes that the award of further equity options to him would be inappropriate. It is therefore planning on putting in place an Annual Bonus for the Chief Executive Officer, recognising his strategic leadership of the Company to achieve these demanding growth targets, which would pay an annual cash bonus of 25% – 75% of basic salary if Gross Profit grows by 10% p.a. - 30% p.a. CAGR as described above, subject also to the profit underpin levels applying to the LTIP.

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Fingers crossed re: formatting. Apols in advance if it goes awry!

[longshanks] 24/2/2017 07:47

Ok. I got that wrong: the rebranding is going to be towards the more extreme end. Even a change in the EPIC.Well I trust they know what they are doing, and they probably do.The new LTIP makes interesting reading: targeting 30% pa compound growth through to 2021 is very aggressive. It will be good to see the minimum criteria too.

[longshanks] 23/2/2017 11:41

Fair comment IC.

[saturn5] 11/2/2017 09:24

Next week we should see a bounce back

[longshanks] 10/2/2017 12:15

I don't know of any share that always goes up. Nature of the market to have volatility i am afraid.The trend, though, is generally your friend. And BrainJuicers looks very friendly IMO

[saturn5] 10/2/2017 11:14

I am never happy when my share price goes down when I predicted a
rise from the candle chart.
It may come back again in 3 mths time but its sad that we have to
wait for a turn around.
We need positive shares with a steady rise in the share price
Management should bear that in mind and be careful on news that
may affect a fall in the share price

[longshanks] 10/2/2017 09:02

Indeed!! Faster than expected: liquidity is clearly still a huge issue.Nice to be able to buy at a more reasonable level but I will let it settle first.

[foxman14] 10/2/2017 08:57

Longshanks. Here is your opportunity.

[longshanks] 09/2/2017 13:13

I think they know what they are doing.As rebrands go - this is relatively small scale. From what I can tell they are in the main simply adding the term "System 1" to existing methodologies and building up the tools/services which are working well whilst dropping those that are low-margin and lumpy.They started this last year so the current trading would indicate it has been a successful transition.For me it is interesting to note that they closed the Indian office and transferred efforts to Australia. They used to have a licensee in Oz but there has been no presence there for a while. They did the MR for a high profile wine producer with an ad in the US Super Bowl: I think their type of work could do well in that part of the world.The "System 1 Agency" appears to have had a slow start and might need a year or two to gain traction. Initial one-off costs account for most of the "overhead" of £0.3m for this subsidiary. It made gross profit of £0.1m indicating a first six-month turnover of £0.4m. Overall I am more than happy to hold as I think the update in June will again provide guidance that they are outperforming market expectations.I am a buyer if this drops much below £6.75.

[davidlloyd] 09/2/2017 12:02

All looks very positive. The one concern I do have is the mention of re-branding - EEEEK - in my (limited, no doubt) experience, when a successful company embarks on a re-branding exercise it suggests management are beginning to lose focus, and rarely does it signify anything other than a detrimental re prioritisation of what is important. IMO dont try to fix what aint broke..There you go, my controversial thoughts out there for discussion......

DL

[longshanks] 07/2/2017 17:00

An interesting new board appointment today in Alex Hunt. A fresh faced 35 year old; seasoned market research professional who has headed up the US business for a number of years overseeing a transformational change.Also worth noting how involved BJU were in tracking the effectiveness of advertising (in real time) during Sunday's Super Bowl.They have a big fan in Coca-cola in their processes going by this report:hTTps://www.warc.com/LatestNews/News/EmailNews.news?ID=38163&Origin=WARCNewsEmail&CID=N38163&PUB=Warc_News&utm_source=WarcNews&utm_medium=email&utm_campaign=WarcNews20170207

[longshanks] 25/1/2017 18:29

Yay - I am now in the "red" group of top performers (at position 78) on the UK Stock Challenge for 2017.



EDIT: 26.01.2017 - now up to #61

[longshanks] 25/1/2017 18:23

I have a few favourite plays crazycoop although I am going to hold it in cash for the time being (my favourite asset class)I do follow stockopedia and rate their commentary.Graham Neary is a faithful follower of BJU but (as far as I know) has never bought in. The 3-year and 1-year comparison trends with NFC/YOU in the header is quite a good means of seeing current performance. Over 3 years BJU still has some way to catch up. It is though certainly outperforming the two larger companies since announcing a return to double-digit growth in December. Cannacord have given a tp of £7.20 which I feel is a little low and I can imagine some funds wanting to buy in at up to £8.The company is close to a £100m market cap. That may well result in added attention and with it better liquidity.

[crazycoops] 25/1/2017 18:08

I trust you have a good place to invest your profits longshanks ?Despite my protestations to the contrary last week, I topped up on Monday. I don't know whether you use Stockopedia but the quality and momentum ranks are both currently 97, although the value rank is low (16), bringing the overall stock rank down to 84. This rise is sustainable as long as the company keeps hitting/exceeding forecasts - IMHO DYOR etc.

[saturn5] 25/1/2017 16:42

The problem is that the charts look so good.

Maybe time to buy,not sell

I dearly wish I new

Get ready for £8

The candle chart is all leaps and bounds

[longshanks] 21/1/2017 00:47

Canaccord have raised their target to £7.20.hTTps://www.sharesmagazine.co.uk/news/shares/brainjuicer-smashes-forecasts

[longshanks] 20/1/2017 20:08

Nothing wrong with taking profits especially if it is to fund a hedonistic lifestyle.You still have your gym empire to fall back on DL so don't feel too envious.