Elixirr Share Discussion Threads

[simon gordon] 16/12/2020 15:25

Elixirr - 16/12/20:

Our Founder & CEO, Stephen Newton, speaks to the London School of Economics about building a challenger consultancy, as part of the SU Business and Investment Group’s ‘Focal Point’ podcast series.

[simon gordon] 16/12/2020 11:59

Some sector news....

Consultancy UK - 1/12/20:

Carlyle exits PA Consulting stake following Jacobs investment

Months of speculation have come to a head, with the announcement that PA Consulting has secured new investment from professional services firm Jacobs. The transaction values PA at over £1.8 billion, and despite seeing Carlyle Group exit its stake, will be structured like a traditional private equity investment to ensure that the consultancy retains its independence.

Five years ago, the Carlyle Group took a majority stake in PA Consulting Group, a UK-headquartered management and technology consulting firm. The injection of finance proved to be transformative for PA, which used its investment to drive a new era of organic and inorganic growth – committing to a sustained campaign of merger and acquisition activity to drive its expansion. The deal was a success on both ends, with PA enjoying compound annual revenue growth of 12% since 2016, however private equity firms typically look to exit their investments within a four-to-five-year window, and as such rumours began to emerge in late 2019 that Carlyle was looking to cash out of its stake.

Continued...

[eagle eye] 16/12/2020 10:40

The share price is at an all time high today at 305-315p.
FinnCap's EPS forecast for FY Dec 21 was upgraded 7% to 17.7p following the acquisition of Coast Digital in October.
The prospective PER is x 17.2, but upgrades are likely following further planned acquisitions.
A typical Jim Slater growth stock. One to watch IMHO.

[energeticbacker] 11/12/2020 15:28

Lock-in arrangements prove worthless…again.

AIM corporate broker finnCap has yet again run roughshod over the terms of an AIM admission document, this time Elixirr's.

Investor's Champion isn't impressed as you can tell from the Blog on their website!

[simon gordon] 10/12/2020 16:14

10/12/20:

Proposed Secondary Placing of 2,521,537 Existing Ordinary Shares in the Company

Following a series of meetings requested by both new and existing institutional investors, it became apparent that demand for the Ordinary Shares was in excess of those readily available for sale. The Selling Directors recognise the strategic importance of a strong and supportive institutional shareholder base, hence have decided to release a portion of their own holdings in order to help satisfy this demand. Following the Placing, the Selling Directors will each remain significant shareholders of the Company.

[danielinnes74] 06/12/2020 09:14

I will be buying more as circumstance/timing permits. Long term
Build/hold for me

[simon gordon] 05/12/2020 22:11

Fincap forecast - 29/10/20:

12/21
-PBT: 10.1m
-EPS: 17.7p
-DPS: 4.1p

12/22
-PBT: 11.6m
-EPS: 20.3p
-DPS: 4.7p

Net cash:
12/20: 14.6m
12/21: 18m
12/22: 26m

Target price: 356p

[simon gordon] 05/12/2020 21:29

City London - December 2020:

Elixirr: the first company to IPO on AIM since the Covid crisis

A success story of why an entrepreneurial expatriate from South Africa came to London for a 2-year secondment in 1995, and why he stayed to lead the first company to IPO on AIM in London coming out of a national lockdown.

We spoke to Stephen Newton, Founder and CEO of Elixirr. Elixirr offers a wide range of expertise and capabilities to solve their clients’ toughest business problems, including defining strategy, driving business improvement and helping build new businesses. The firm provides advisory services to clients from all sectors, but works largely in Financial Services, Retail and Technology, Media & Telecommunications.

Continued...

[simon gordon] 24/11/2020 10:49

30,000 !!

From the Admission Document - July 2020:

Inorganic Growth

Whilst historically Elixirr has not been actively acquisitive, in 2017, the Company acquired Den Creative, a creative design agency, to complement Elixirr’s existing offering. Since acquisition, Elixirr has tripled Den Creative’s annual revenues through expanding Den Creative’s own client base and cross-selling Den Creative’s services to many of Elixirr’s most important existing clients.

Going forward, and following the success of Den Creative, Elixirr is exploring the potential to pursue a buyand-build strategy to accelerate the overall growth of Elixirr and has identified and analysed a pipeline of over 30,000 potential acquisitions to enhance one or more of Elixirr’s capabilities, industries or geographical coverage. The Company aims to work with founders of high quality boutique firms to accelerate their growth under a ‘House of Brands’ strategy, allowing each firm to maximise their collective strengths, whilst retaining control of their own brands respectively. Of the target firms identified, Elixirr is currently in preliminary discussions with six of them.

Target Capabilities – Elixirr would seek acquisition opportunities that add one or more of the following capabilities: regulatory and compliance, cyber security, digital and creative, deal advisory, advanced analytics, robotics process automation, cloud migration, and agile/lean six sigma.

Target Geographies – As described above, Elixirr believes that the US is a key geography for expansion, with a particular focus on New York City. In addition to this, target geographies for further growth are: the UK, Asia (with a key focus on China, India and Singapore), and Mainland Europe. However, as with target capabilities, if an interesting alternative opportunity arose, the Board would consider it in light of client demand and the market opportunity.

[simon gordon] 23/11/2020 22:38

CEO talking about recent Interims. He's driven.

YouTube - 17/9/20:

2020 Interim Results

[simon gordon] 23/11/2020 16:12

Quite a dynamic sector:

Consultancy UK - 20/2/20

PA Consulting aims to grow into £1 billion firm by 2024

PA Consulting Group has announced a record fee income of £500 million. As the firm looks to the future, and the installation of new boss Panos Kakoullis, PA plans to double its revenue in the next five years.

PA Consulting’s rapid growth path first picked up pace following a landmark investment from The Carlyle Group, a global private equity firm which took a 51% stake in the global management and technology consulting firm in September 2015.

With the private equity investment, PA Consulting managed to turn around a period of dropping revenues. In the two years following the financial crisis, PA’s turnover had dropped by 25%, and while the firm managed to return to growth between 2010 and 2015, its revenue at the time of the transaction was still around £20 million lower than that at its peak in 2008, at around £440 million.

While much of the growth under Carlyle was booked organically, acquisitions also played a role. In the past three years, PA Consulting bought consumer insights company Sparkler, digital experience and design firm We Are Friday, aviation consultancy Nyras, and, in the US, the innovation strategy and product design business Essential Design and the specialist growth strategy firm 4iNNO.

Revenue of PA Consulting Group

In its latest financial year, the UK-origin consulting firm grew its revenue by 10% to £500 million. 2020 represents a crossroads for the firm, however. It appears Carlyle is likely to exit the firm, as it typically does in 4-6 years through all of its investments, to maximise its return. If that happens, then the firm has already stated it would prefer to remain in the hands of private equity.

Alan Middleton, PA’s out-going CEO said, “PA’s preference is to seek future investment in a similar private equity type structure. This will enable PA to remain an independent consulting business and to continue to deliver great outcomes for clients and offer great career opportunities for its people.”

Together with Carlyle, PA’s management has initiated the stages of this process, though which parties have been approached or shown interest have not yet been unveiled. What is known is that the new owner will have to support bold growth ambitions. PA wants to join the £1 billion club by 2024, alongside the likes of Kearney, Roland Berger and Strategy&, which generate revenues of just over the £1 billion mark.

Middleton, who in the coming months will pass on the baton to Panos Kakoullis, said, “PA’s clear purpose and strategy has put the firm on an accelerated growth path, delivering ahead-of-market performance. We’re perfectly positioned to deliver on our ambitious growth plans, through bringing ingenuity to life for our clients and our people.”

[simon gordon] 23/11/2020 11:53

Consultancy UK - January 2020:

Stephen Newton and Graham Busby on Elixirr's quest to be 'the best'

UK-founded consultancy Elixirr has gone from strength-to-strength since its launch in 2009. As the firm continues to pick up awards and sustain a growth trajectory across its expanding footprint, co-founders Stephen Newton and Graham Busby sat with Consultancy.uk to discuss the philosophy behind the challenger firm’s early success.

Elixirr has always been clear about its vision. A year ago, Managing Partner Stephen Newton told Consultancy.uk the firm’s ambition is “to be the best consulting firm in the world.” Twelve months later – and following the firm’s 10th anniversary celebrations – nothing has changed.

Joined this time by fellow co-founder Graham Busby, Newton confirms, “If you look at his LinkedIn photo, Graham’s taken his next to the statement in our office that reads 'to be the best.' I think that shows that for both of us, the goal is to be the best consulting firm in the world. That isn’t a slogan; it’s an authentic desire. When I think of what I would like my career to stand for, it’s to build a modern-day firm that embraces the new world of innovation, disruption and entrepreneurialism, in order to be seen as one of the world’s best.”

Newton goes on to add that the firm is built around these “more philosophical terms over commercial terms” as its founders are keen to avoid being blind-sided by economic success, and subsequently “not offering up excellence”, in other areas like customer experience. According to Busby, this ethos has already led to the consultancy – which is still young compared to the likes of the industry’s stalwarts – being talked about alongside some illustrious competition.

“We recently had some external advisors do a benchmarking exercise with our clients,” Busby explains. “Over four weeks they independently selected and interviewed around 70 executives from our global client base… They asked who respondents see as Elixirr’s competition, and around 90% said MBB. For us to be held in that esteem with McKinsey & Company, Bain & Company and Boston Consulting Group – as a firm of just 10 years – it was quite humbling for Steve and me.”

Continued...

[danielinnes74] 28/10/2020 09:52

Like this outfit. Will be adding more as time progresses . Long term hold

[energeticbacker] 28/10/2020 09:39

Fast growing consulting group Elixirr looks an appealing investment.

Investor's Champion offers in-depth research.

[thewheeliedealer] 27/10/2020 20:18

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes ELIX especially regarding the valuation. We also chatted about loads of other Stocks and Ideas for research, and the outlook for Markets and as usual a fair bit of educational stuff with regards to Investing which this week included the concept of ‘Badwill’ and a lot on how we seek out ‘under the radar’ stocks.

Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 34) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

[danielinnes74] 19/10/2020 09:16

Shiny day.. still no interest on here which is buzzard. Actually probably not as :
1) stable
2) profitable
!!

[danielinnes74] 16/9/2020 10:17

Would be nice for the share price to react more :)

[energeticbacker] 16/9/2020 09:48

Impressive interim results: revenue increased 3.2% to 13.55m with pre-tax profit up 51.5% to 2.62m.

More on the Investor's Champion website.

[danielinnes74] 01/8/2020 06:54

Looks solid to me. Good consistent growth. Bunged a little bit in my SIPP

[praipus] 09/7/2020 19:20

Not a great time to debut but they went ahead, good sign in my opinion.

[praipus] 09/7/2020 19:15

!FOLLOWFEED


Slater Investments own 8.8% here.

See other Slater Investments on the WAM thread: