Elixirr Share Discussion Threads

[masurenguy] 09/5/2025 14:44:49

Shares are now up 43% over the past 30 days, partially boosted by their announcement that they will be moving to the main market later this year.

[eagle eye] 06/5/2025 14:55:13

Recent results presentation for FY Dec24 is now available.
Run time 1hr 3mins




The PDF of the presentation is here:

[masurenguy] 28/4/2025 13:43:20

Cavandish reiterate their target price of £10.85.

[martinmc123] 28/4/2025 13:30:12

wealthoracle.co.uk/detailed-result-full/ELIX/1383

[rimau1] 28/4/2025 07:03:00

Great news, a move to the main market and a strong start to the year with a record month in April. Let the rerate begin.

[masurenguy] 25/4/2025 16:55:57

Very interesting development !

Former EY and PwC executives launch rival to challenge Big Four
Steve Varley and Marissa Thomas have raised up to $300m from private equity company

The former UK boss of EY and the former chief operating officer of PwC are to set up a rival accounting and consulting firm with backing from an American private equity house. Unity Advisory is due to open for business this summer under the chairmanship of Steve Varley, who ran EY’s UK arm for nine years until June 2020. Its chief executive will be Marissa Thomas, who left PwC in February having been overlooked for the top job this time last year. In another demonstration of private equity’s growing interest in the professional services industry, Unity has the backing of Warburg Pincus, which is putting in as much as $300m, according to the Financial Times, which first reported the news.

Unity wants to position itself as the go-to adviser for private equity-backed mid-size corporate clients with annual revenues of between £500m and £1.5bn. They see an opportunity to roll up what remains a fragmented industry with lots of smaller players, most of which need a cash injection to invest in artificial intelligence (AI), which is expected to dramatically reshape the industry over the next decade.

Complete article:

[74tom] 14/4/2025 14:49:32

Indeed, I'd also expect it to be the type of environment that would suit a small consultancy down to the ground. You have the AI transition + tariff navigation to drive growth.

Forward P/E now just over 12x, so just a touch above it's lowest ever valuation. That doesn't tally with it's TU, nor track record.

Tiny sellers keep setting the bid back & it's so illiquid that I suspect the market makers are just playing a holding game until the results in 2 weeks time.

[masurenguy] 14/4/2025 11:11:33

Since the last trading update circa 7 weeks ago (mid-Feb) the shareprice has NOW declined by 33% to 590p. It is worth recalling the most salient points of that TU.

FY 24 results are expected to be above market expectations with:
· Revenue greater than £111m, above the guidance range of £108 - £111m.
· Adjusted EBITDA margin of approx 28%, in the middle of the guidance range of 27-29%
· Adjusted EBITDA of approximately £31m
· Cash balances of approximately £7.5m, having fully repaid the debt drawn under the Company's £45m revolving credit facility to finance the acquisition of Hypothesis Group.
In every year since Elixirr's IPO, the sum of its revenue growth and Adjusted EBITDA margin have exceeded 40%. Momentum has continued into 2025 with record revenue for January. The Group will announce its full year FY 24 results on 28 April 2025.

Very tempting to add further at this level.

[masurenguy] 03/4/2025 10:58:50

The price slide today is just part of the general market negative sentiment following Trump's ridiculous tarrif nonsense. We don't know how long this will last but in the meantime it is worth pointing out that circa 40% of ELIX business is in the USA. However this is conducted by American partners who live there and is not impacted by any tarrifs. In fact this might boost their business going forward as some of their clients seek ways of minimizing the impact of the retaliatory tarrifs that will be applied to US products in due course by countries where they have export customers.

[74tom] 03/4/2025 09:25:31

Today's further fall reminds me of the spike down to 420p in November 2023, by Christmas 2023 they were back to 600p. That low had shares valued at ~11.5x 2024 forecast earnings, whereas at today's 630p ELIX is valued at ~13x 2025 forecast earnings, vs the ~18x it traded it in the 2 weeks after the latest trading update.

What makes me laugh about selloffs like this is the number of small retail holders who chase the bid down. If you didn't sell you 365 shares at 860p a month ago why would you sell them today at 620.3p?

Will be very surprised if shares aren't trading well above £7 on 28th April when they release results.

[toffeeman] 01/4/2025 11:34:52

Worth remebering that consultancies are struggling and presumably Elixrr is not immune:

hxxps://www.goingconcern.com/accenture-warns-investors-things-will-be-sucky-until-they-can-overcharge-the-government-for-slides-again/

[tightfist] 01/4/2025 08:43:32

Worth re-reading the 2024 TU on 18 Feb - since then ELIX has fallen 18% - figure that out!

[rimau1] 28/3/2025 14:46:45

Nice timing Alphabets, this is a quality outfit, i had a little top up too as i had not noticed the silly fall

[alphabeta4] 26/3/2025 15:49:57

Way too cheap - just bought a nice opening position, RSI at 18 month low just after an upgrade!

[masurenguy] 16/3/2025 08:27:41

More grist to Elixirr's mill, being lean and keen without the legacy overheads afflicting the big 4.

EY to axe 30 partners in biggest executive cull for decades
The big four accounting and consultancy firm is to shed senior roles amid a slowdown in corporate demand for professional services after the pandemic

EY is preparing for one of its biggest partner redundancy rounds in decades as its new boss seeks to protect the firm’s profits in the face of a prolonged slowdown in professional services. The big four firm is expected to axe 30 partners, mainly in its consulting division, according to those familiar with the matter. Anna Anthony, the firm’s managing partner for the UK and Ireland, announced the cull to partners earlier this month but did not elaborate on numbers. EY employs 20,000 people across the UK and provides a range of professional services, including auditing the UK’s biggest companies, advising on corporate deals, restructuring struggling businesses and tax advice. One big four rival claimed they had been contacted by ten EY partners in recent weeks, seeking work.

Complete article:

[stonks394] 25/2/2025 17:32:23

"Masurenguy 25 Feb '25 - 15:00 - 103 of 103
Buyers paying 877p today - a 400% increase over the IPO price of 217p just four and a half years ago "

Someone tell him not to become a maths teacher. Shocking

[masurenguy] 25/2/2025 15:00:22

Buyers paying 877p today - a 400% increase over the IPO price of 217p just four and a half years ago !

[stonks394] 19/2/2025 10:16:42

Does not feel like the highest paid either in part relying on equity price increases to keep workers happy? It should probably be valued on adjusted eps but with the cost of share based payments included

[tightfist] 18/2/2025 11:06:37

It strikes me as an ultra-rewarding but tough (even aggressive?) place to work. ie Not everyone's cup of tea!

[masurenguy] 18/2/2025 08:58:45

Cavendish has issued a note this morning with a new target price of of 1085p, which they point out still represents a 20% discount to Elixirr's closest peer Accenture on a calendar 2024 EV/EBIT basis.

[masurenguy] 18/2/2025 08:07:17

Shot through previous resistance of 800p at the open with buyers paying up to 839p and a few sellers taking profits @815p. We now have a new intraday ATH !

[stonks394] 18/2/2025 08:06:29

I read the news and it prompted me to have a look at glassdoor

[bhoddhisattva] 18/2/2025 08:04:10

Funny how you choose to post glassdoor reviews and negativity on the same day as good full year results.

Very curious.