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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Business Ctl | BCT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 1.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.25 | 1.25 |
| Top Posts |
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Posted at 16/4/2008 14:11 by truckertee Buy Business Control Solutions (BCT) at 3pSays exclusive small cap specialist website UKMicrocap.com The 200 members of UKMicrocap.com were exclusively tipped to this stock on 4 April 2008 at 2.125p. If you wish to join the waiting list to get access to this exclusive site click HERE The Investment Case: The credit crunch has left many financial institutions paranoid about the integrity of their balance sheets; none of them want to be the next Northern Rock or Bear Stearns. The stage is set for a huge overhaul of the procedures used by the banking system, of which software will play a major role. With the recent launch of its Balance Sheet Integrity product, which provides instant visibility over the account substantiation process across multiple regions, businesses and currencies, Business Control Solutions (BCT) stands to gain from these developments. Company Description: Business Control Solutions provides management consultancy services and operational control software to financial institutions. Its software packages are aimed at giving its clients visible control over day-to-day business processes while ensuring accurate reporting to meet regulation requirements. Its clients include six of the world's top 10 banks, and the company has offices in London and New York with software development in Peterborough and Romania. The company was formed out of an amalgamation of two companies, B2B (founded in 2000) and Buttonwood (founded in 2001), which, having pursued different clients in the investment banking world, encountered each other at Abbey in 2003 and realised there was potential for co-operation. A joint venture named Visual Control Management was set up soon after, and in 2005 all three entities were combined and listed on AIM through the reverse takeover of cash shell Honeysuckle. Since then the company has significantly increased its client base, thereby reducing the group's reliance on one client, which accounted for 70-80% of revenues in 2004, and giving a much broader spread of revenues. Current trading looks positive, with the company pursuing a transition for its clients to an annual licence model that will ensure an increasing level of recurring revenues for the group going forward (they now account for 25% of software revenues). The company also said it has been enjoying strong growth across its client base and its range of services and that levels of interest in its new balance sheet software have been high. Financials: During the year to 31 December 2007, the group posted losses before tax of £399,000 on revenues of £9.66 million, representing improvements of 44% and 20% on 2006 respectively, and resulting in a loss per share of 0.15p. However, the main issue was the fact that the company turned a profitable second half, at both the operating and pre-tax level. Revenues at the consultancy business increased by 26%, while the software division managed a less impressive 4% increase due to investment in new products and the ongoing transition to an annuity-based model. This is a strategy that appears to be bearing fruit, with contracted annuity income within the software business up by 88% at £776,000 year-on-year. Gross margins were maintained at 38% despite a shift in the sales mix towards the traditionally lower margin consultancy business. Net cash at the year end stood at a useful £2.8 million. Year to 31 December Sales (£m) Pre-Tax Profit (Loss) (£m) Earnings (Loss) Per Share (p) PE Ratio 2006A 8.04 (0.68) (0.31) N/A 2007A 9.66 (0.4) (0.15) N/A 2008E 10.2 0.3 0.11 27.3 Management: The board carries a hefty weighting towards the banking world, giving the company an essential contact network it can utilise when pursuing clients. Most notably, Non-Executive Chairman Steve Russell has spent the last 20 years managing some of Britain's largest and best-known companies, and is currently a non-executive director of Barclays Bank; while Chief Executive Nigel Walder was a senior IT manager at Bankers Trust, before moving to take up the position of Head of Technical Infrastructure and then CIO for NatWest Global Financial Markets. Bull Points: - Transition towards a recurring revenue oriented approach should ensure a more stable and reliable earnings stream. - Rise in awareness of control-related issues in the financial services marketplace. - Broadening client base. - Very strong net cash position significantly de-risks the investment proposition; provides scope for earnings enhancing acquisitions. Bear Points: - Difficult to foresee how investment banks' cost tightening will affect the company, although there has thus far been no sign of a downturn in any of the group's divisions. - loss of one of the larger customers could adversely affect the business. - The spread is wide Valuation and 1-year Target: The shares have been hit hard over the past few months, having traded at around 7p back in May last year. However, with the company having recently moved into profitability and offering products which play to the concerns attributed to the current financial climate, we believe a re-rating is in order. If we discount the net cash position of £2.8 million, we arrive at an enterprise value of just £5.3 million for the company, and the shares therefore trade on an EV/Revenue multiple of just 0.52 for the current year. This is extremely low, as most peer group companies trade on EV/Revenue multiples of not less than 1. If we attach the same value to BCS shares, this implies a price target of 4.845p, giving us upside of 62% Assessment: Business Control Solutions is a profitable and growing company, with products that are of increasing interest to their target markets. Throw in a net cash position covering more than a third of the market capitalisation, and the investment case looks compelling. Buy. |
Posted at 05/4/2007 08:51 by latifs100 Business Control Solutions Group plc (BCT: L), the provider of consultancy andsoftware control solutions, will be announcing its preliminary results for the twelve months ended 31 December 2006, on Wednesday 18 April 2007 they should mention contract value, and should move back above to 8p |
Posted at 09/2/2007 08:57 by devil20 I had a bit of cash spare in iDealing so I've bought another 10K which is the max you can buy online with idealing. Tuck them away in case BCT does well. |
Posted at 23/11/2006 17:32 by iroll I regret its not good news!1000 Honeysuckle shares will have been redesignated as 10 BCT shares (plus 90 BCT Deferred Shares which are worthless). |
Posted at 18/5/2006 08:06 by truckertee RNS Number:1682DBusiness Control Solutions Grp PLC 18 May 2006 Business Control Solutions Group PLC (BCT: London) BCS ControlCentreTM to be implemented at Deutsche Bank for central margin call management utility 18 May 2006 Business Control Solutions Group plc ('BCS Group'), the business control solutions provider, today announced that Deutsche Bank has selected the BCS ControlCentreTM process management platform as its central margin call management utility. This project represents the delivery by BCS Group of a control solution which helps to enhance process efficiencies surrounding margin calls aimed at all members of ISDA (International Swaps and Derivatives Association). BCS Group, whose clients include six of the top ten world banks*, is itself a member of ISDA and has been engaged by Deutsche Bank for a number of projects recently. Deutsche Bank initially signed a global perpetual licence contract for the BCS Operational Control Architecture in August 2005 and then an extension in March 2006 to include the implementation and delivery of BCS's Sarbanes Oxley solutions. "The delivery of this application represents a solution which will meet the needs of Deutsche Bank," said Martin Preen, COO Business Control Systems plc. BCS Group has a strong track record in this area having implemented similar solutions to other ISDA members, and "we welcome this opportunity to strengthen our partnership with Deutsche Bank." Deutsche Bank represents the Co-Chair of the ISDA Collateral Committee and this project demonstrates their commitment to lead by example in tackling the challenges for managing operational issues surrounding the growth in derivatives products. This is a key project for the collateral management division of Deutsche Bank. (*The Banker: July 2005) |
Posted at 27/3/2006 07:27 by truckertee RNS Number:3969ABusiness Control Solutions Grp PLC 27 March 2006 Business Control Solutions Group PLC (BCT: London) Contract Extension: Deutsche Bank A.G selects the BCS SOX platform for its global Sarbanes-Oxley solution 27th March 2006 Business Control Solutions Group plc ('BCS Group'), the business control solutions provider, today announced that Deutsche Bank has selected the BCS SOX application to manage a significant proportion of its Sarbanes-Oxley related control activity across the whole bank. This contract extension follows the announcement in August of Deutsche Bank's decision to implement the BCS Operational Control Architecture (BCS OCA) software across its global investment banking operations. The BCS OCA allows Deutsche Bank to deploy a number of modules - such as continuous control monitoring, regulatory reporting, incident reporting and audit tracking - to proactively manage their internal control environment from a number of dashboards. Delivery of the BCS OCA platform commenced earlier this year, whilst the end of this month will see Deutsche Bank integrating BCS SOX into the wider bank requirements. "This is a truly fantastic win for BCS Group and has largely been due to the great team work undertaken in such a short period to deliver the BCS OCA solution into the investment bank. It is evidence that Deutsche Bank is already seeing the benefits of working with innovative technology and further illustrates the market demand for control products. We are obviously looking to ensure that we continue to extend our offerings within Deutsche Bank via the continued delivery of value to our client." Martin Preen, COO Business Control Solutions plc "The positive feedback we have received from our colleagues within the bank on BCS Group, combined with their knowledge and ability to deliver an integrated platform, led to this contract extension." Timothy Barney, Global Head of SOx Programme End |
Posted at 29/11/2005 09:43 by master rsi MMs are short of stock by the way they are bidding onlinethough the spread is 13-14p if you want to sell are giving 13.63p up to 50K and if you want to buy at 13.88p but only posible 1.5K shares from the UPS thread... terry91 - 29 Nov'05 - 09:16 - 94 of 96 RSI BCT 1.5K on the offer at 13.88p lol 1.5k lol bid 13.63 bid for 50K nothing like the spread shown on screen. Good call. Should get interesting |
Posted at 29/11/2005 08:34 by master rsi From .......SHARES STRONGLY UP/DOWN this week 28/11/05 (Master RSI) (UPS) UPS BCT 13 - 13.5p Update second half trading performance has been strong and revenues for the second half are expected to show an improvement on the first half. A contract win with (IFDS) announced today. Indicator Stochastic well oversold The L2 is now 2 v 1 Charts - 10 days 2 month candlestick with volume 6 month with MA and Indicators |
Posted at 22/8/2005 09:56 by truckertee Well it looks like that one 25k buy bumped us up 15% and so far no delayed trades.When they say this contract is of a material size to BCT,I take it that it must be worth a good deal.Pity they weren't able to disclose the value,but this seems to be a common problem nowadays for small companies dealing with larger ones in the financial market. Regards Tt. |
Posted at 22/8/2005 07:52 by truckertee Note :"Contract is of a material size to BCS"Regards Tt. Re Contract RNS Number:3197Q Business Control Solutions Grp PLC 22 August 2005 22 August 2005 Business Control Solutions Group PLC (BCT: London) Deutsche Bank purchases global licence for BCS Operational Control Architecture Business Control Solutions Group plc ('BCS'), the business control solutions provider, is pleased to announce that Deutsche Bank AG has signed a global perpetual licence contract for the BCS Operational Control Architecture. The contract is of a material size to BCS and represents further evidence of the demand for Control solutions amongst the world's leading financial organisations. BCS Operational Control Architecture (OCA)is a suite of Control modules which offers an integrated internal control framework covering the certification process, incident management, balance sheet integrity, KPI's and KRI's, audit points and regulatory requirements. The OCA can also be embedded into a bank's normal business lines. Martin Preen, COO Business Control Solutions Group plc, commented: "Deutsche Bank can now be added to our ever growing client list of top industry names. This announcement provides further evidence of the importance that the world's premier financial institutions now attach to developing a strategic control platform in response to ever-increasing regulatory demands in the sector. It is especially good to see the growing acceptance that placing control within the line functions is the way to go forward." |
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