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ELIX Elixirr International Plc

0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Elixirr International Plc LSE:ELIX London Ordinary Share GB00BLPHTX84 ORD 0.005P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 610.00 600.00 620.00 610.00 610.00 610.00 6,701 08:00:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Consulting Svcs 85.89M 17.24M 0.3732 16.35 281.74M
Elixirr International Plc is listed in the Management Consulting Svcs sector of the London Stock Exchange with ticker ELIX. The last closing price for Elixirr was 610p. Over the last year, Elixirr shares have traded in a share price range of 410.00p to 647.50p.

Elixirr currently has 46,186,481 shares in issue. The market capitalisation of Elixirr is £281.74 million. Elixirr has a price to earnings ratio (PE ratio) of 16.35.

Elixirr Share Discussion Threads

Showing 176 to 199 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
Ok I’ve been told there’s a general problem for Mello links sent out for TRT and ELIX sessions so contact their PR or Mello for a solution.
I click on that link and it says Error establishing a database connection”
Masurenguy....great timing !

Elixir will be featured on the MelloBASH tomorrow evening

Nice rise on minimal trading volumes today. ELIX now up 30% in the 5 months since I first invested ! 😊
Spectator - 28/4/24:

How America plunders Britain’s tech economy


Now the Yanks are coming for the Premier League and wanting games played in America.

Being listed is optimal for ELIX's ownership structure. The UK is struggling to scale businesses, here's hoping ELIX stay listed and grows over the next twenty years into a big cap.

simon gordon
A couple of predators targeting Alpha FM Consulting. Alpha are circa 3 x sales and 2 x market cap compared to ELIX but it indicates the interest in consolidation within the sector and ELIX's more specialist digital/AI expertise could have them already on some predators radar.

"The Board of Alpha Financial Markets Consulting plc notes the recent press speculation and confirms that it has received a non-binding indicative proposal from Bridgepoint Advisers Limited regarding a possible cash offer for the entire ordinary share capital of Alpha FMC. The Board also confirms that Cinven Limited is considering a possible offer for the entire ordinary share capital of Alpha FMC, although no indicative offer proposal has been received currently. Alpha FMC is now in an offer period. A further announcement will be made as and when appropriate. This announcement is being made without the consent of Bridgepoint and Cinven."

I added to existing after watching presentation on Investors Meet which helped me to understand strategy much better. Well worth a look and if they continue to deliver will surely be re-rated. This is a lucrative field but City always wary of people business, they say that as they build scale and capability they reduce risk.
Surely due a rerating on this good and continuing growth - I hold.
Nic beat against consensus eps forecast 37.2p vs 32p
Completely inline with the January y/e trading update !

Final Results for the Year Ended 31 December 2023

Elixirr International is pleased to announce its final results for the year ended 31 December 2023.

Financial Highlights

. Revenue increased by 20% to £85.9m (FY 22: £71.7m)
. Adjusted EBITDA* increased by 24% to £25.4m (FY 22: £20.5m)
. Adjusted EBITDA* margin of 30% (FY 22: 29%)
. Profit before tax increased by 40% to £22.1m (FY 22: £15.7​m)
. Adjusted diluted earnings per share* increased by 22% to 37.2p (FY 22: 30.5p)
. Year-end net cash of £18.1m (FY 22: £20.4m)
. Total dividend increased by 37% to 14.8p per Ordinary share (FY 22: 10.8p)

Current Trading & Outlook

· FY 23 momentum has continued into FY 24, with three record revenue months in Q1 2024 and a strong pipeline for the remainder of FY 24
· Momentum is expected to continue throughout the remainder of the year, with FY 24 revenue expected to be in the range of £104-110 million
· Adjusted EBITDA margin expected to be in the range of 27-29% after factoring in the impact of Insigniam's lower margins at acquisition

Operating Highlights

· Continued progress executing our four-pillar growth strategy, including:

1. Stretching Existing Partners - revenue per Partner increased by 7% during the year to £3.9m per Partner (FY 22: £3.6m). This continues the growth in this metric in each year since listing.

2. Hiring new Partners - we made three successful Partner hires in FY 23. These individuals have expanded the Group's presence in key markets and geographies and ensure that diversity of thought is maintained throughout the Partner grade.

3. Promoting Partners from Within - two experienced Principals were promoted to Partner in January 2023, with a further two Principals promoted to Partner in October 2023. January 2024 saw our first promotion to Partner in one of our acquired businesses, reflecting its successful integration within the Elixirr Group.

4. Inorganic Growth - the acquisition of the Artificial Intelligence firm, Responsum, in September 2023 has positioned the Group at the forefront of cutting-edge technology, whilst the acquisition of organisational change and transformation firm, Insigniam, in December 2023 enables us to support clients, innovate and drive large-scale change. Inorganic growth remains a key component of our strategy, and our internal M&A team continues to generate a pipeline of strong prospects that will help us further support clients with key boardroom issues and maximise the growth opportunity for the Group.

· Multiple accolades received including being named in the Financial Times' 2023 'UK Leading Management Consultants' list, earning a place on the Global Outsourcing 100® by the International Association of Outsourcing Professionals, being recognised as a Top Consulting Firm by Consultancy.UK and being shortlisted for the In-house Recruitment Awards 2023.

Commenting on the results, Founder & CEO, Stephen Newton said:"2023 highlighted Elixirr's ability to thrive, outperforming both competitors and the global Consulting market. Our continued growth is a testament to the quality of our team, and the value we deliver to our clients. This year we continued to invest in our four-pillar growth strategy, further diversifying our offering and enabling us to solve new and interesting challenges for our clients. Our equity incentive model continues to disrupt the market, solidifying our reputation as the Challenger Consultancy and setting us up for continued success."

Results due on Monday. A reminder of the figures quoted in their y/e trading update on 8th January.
Subject to audit, FY23 results are expected to be in line with market expectations with revenue within the guidance range of £85m - £90m, adjusted EBITDA of approx £25.4m and year-end cash of approximately £17.9m.

Elixirr International plc (AIM:ELIX) is pleased to announce that it will publish its full year results for the year ended 31 December 2023 on 22 April 2024.
Fingers crossed for clear growth!
Results for the year ending 31 December 2023 should be published over the next few trading days. As a reminder, in the January trading update they stated that sales should be in the range of £85/£90m, with an EBITDA of around £25m and net cash on the balance sheet of circa £18m.
Sector downturn could have some negative impact on sentiment amongst investors although in the January trading update Elixirr stated that their FY23 results are expected to be in line with market expectations with revenue achieving the guidance range of £85m - GBP90m, adjusted EBITDA of approximately £25.4m and year-end cash of approximately £17.9m.

Why McKinsey is paying staff to leave

McKinsey is offering to pay hundreds of its senior employees to leave the firm and look for work elsewhere, the latest attempt by the consulting giant to reduce staff amid a sector-wide downturn. If the employees have not found a new employer by the end of the nine months they have to leave the firm. Consulting firms enjoyed a boom during the pandemic, when companies sought their help on how to digitise their operations. However, companies that are facing tough economic circumstances have since cut back their spend on expensive corporate advice. The firm also said that it booked a record $16 billion in revenues last year.

Thanks for the post. It's so well written you'd think it was AI.

eagle eye
Ken Wotton of Gresham House on Elixirr yesterday.
This is actually good for Elixirr and the pool of companies they engage with for M&A - more talent is leaving the larger consultancies and they are cutting significantly now.

Meanwhile Elixirr and the companies they have acquired are very actively recruiting - more than 30 job openings so far this year. They have positioned themselves in a niche that they know companies will require their expertise in. It is a win:win situation. Look at their larger acquisitions, starting with iOlap and then Insigniam, they are both in hot sectors right now.

Looks like there are some specific sector issues that will have an impact 2024. Lets hope that Elixirr can manage to successfully navigate them without any meaningful setbacks.

McKinsey boss faces re-election revolt after job cuts

McKinsey’s boss is facing a revolt as he seeks re-election by the consultancy’s partners after pressing ahead with some of the largest job cuts in McKinsey’s history. McKinsey announced plans to cut up to 2,000 jobs last year, and the firm said in November that it would reduce the number of employees receiving promotions to become partners. McKinsey has about 46,000 employees around the world and 3,000 partners. The firm has seen a slowdown in contracts as consultancy firms struggle to win contracts from clients. Bankers, brokers and consultants have been knocked by a slowdown in deal activity in recent years amid economic uncertainty.

Staff at the consultancy have been drawing up plans for navigating a downturn in the sector as the firm pushed ahead with the restructuring. Consultants benefited from the pandemic as clients sought advice on how to navigate national lockdowns, and invested in IT systems and supply chain management. The sector also saw an increase in fees when corporate activity jumped as the pandemic restrictions tailed off in 2021. The industry saw revenues grow by 15% as clients sought advice on merger targets and how best to reorganise their businesses. However, companies have since been cutting non-essential spending as they struggle with cost rises in other parts of their businesses, and consultants face tougher competition to secure contracts. Clients that once had three firms bidding for a tender are now approached by ten possible suppliers.

McKinsey and Boston Consulting Group have reportedly offered their services free of charge to win contracts and maintain relationships with important clients, while other firms are offering two weeks of free work before starting to charge. EY has announced it will cut 300 jobs in the UK and will make 3,000 redundancies in the US. KPMG has put in place a pay freeze for about 12,000 workers across its services, including consultancy.

Their broker Cavandish Capital Markets made the following comment after todays trading update.
"With closest peer Accenture on an FY 2023E EV/EBIT of 22x for average forecast EBIT growth of +7% p.a. and Elixirr valued at 11.6x (falling to 9.7x in 2024 including the full benefit of acquisitions made towards the end of 2023) for average forecast EBIT growth of +18% p.a. we reiterate our view that there is significant upside to the shares and our target price of 998p."

Up with events in my view after the recent rise
Trading Update, Change to Dividend Policy and Interim Dividend

Elixirr International plc is pleased to provide an update on trading in the year ended 31 December 2023 ("FY23"), advise shareholders of a change in dividend policy and announce an interim dividend.


Subject to audit, FY23 results are expected to be in line with market expectations with:
- Revenue within the guidance range of £85m - £90m
- Adjusted EBITDA of approximately £25.4m
- Year-end cash of approximately £17.9m

Dividend Policy

In line with comparable companies, the Board has decided to declare two dividends per year, with an interim dividend payable shortly after the end of the year and a final dividend payable in August.

Interim Dividend

The Company is declaring an interim dividend (the "Dividend") of 5.3p per Ordinary Share. The Dividend will be payable to Shareholders on the register at 19 January 2024 and has an ex-dividend date of 18 January 2024. The Dividend of approximately £2.5m in total will be paid to Shareholders on 15 February 2024 and funded from the Company's existing cash reserves.

Rising again this morning on miniscule trading volumes !
Happy New Year to all shareholders.
ELIX sat around all year then gets the turbo chargers on in December.
Lots to like here, though would prefer an orderly climb rather than a price spike.
Upwards and onwards for 2024!

eagle eye
Chat Pages: 8  7  6  5  4  3  2  1

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