Getbusy Share Discussion Threads

[forrest1987] 13/9/2022 15:34

Not so sure masurenguy, that chart looks horrendous to me. I'd guess theres a very large sell order being worked which wont be printed till its complete.

17k sell suggests the mello crowd going for lifeboats

[masurenguy] 13/9/2022 09:57

There is hardly any selling going on here. Over the past 2 weeks, while the shareprice has declined by circa 10%, there has been a trading volume of just circa 95,000 shares, which constitutes only 0.2% of the total number of shares in issue.

Worth noting that over the past 6 months NXD Miles Jakeman has purchased circa 190,000 shares and FD Paul Haworth has purchased 40,000 shares. Both have paid between 57p and 64p when buying in various tranches. The shareprice is just being marked down by the market makers, probably in the absence of any current latent demand.

[forrest1987] 13/9/2022 08:12

50p key resistance area Two year lows

[forrest1987] 08/9/2022 14:04

Scruffy selling bringing it down No where in three years

[forrest1987] 06/9/2022 14:25

Two and a half year low getting worse

[forrest1987] 05/9/2022 13:07

Looks like falling over here, shame as it's a good company. Had a seller of size for a fair while

[hastings] 23/7/2022 08:14

I think you're right on that. I'll make sure I post the next one.

[the ghost who walks] 22/7/2022 20:08

Not sure you have ever posted your management chats on here hastings

[hastings] 13/7/2022 15:48

Currently away so obviously missed a catch up with management, but have the Panmure Gordon initiation note for some holiday reading!Looks very in-depth so will no doubt keep me busy. Hoping to speak with management when I'm back.

[masurenguy] 13/7/2022 07:36

Excellent progress at the half-year !

Acceleration of predictable, scalable and valuable ARR
Further upgrade to 2022 revenue expectations

Financial highlights

-- Further acceleration of constant currency ARR growth to 21% (H1 2021: 13%), with healthy new business, improving churn and successful monetisation
-- Recurring revenue growth of 19% at constant currency to £8.5m (H1 2021: £7.0m)
-- Recurring revenue comprises 94% of total revenues (H1 2021: 93%)
-- Gross margin remains strong at 90.4% (H1 2021: 91.8%) with greater volume of cloud revenue
-- Adjusted EBITDA at breakeven (H1 2021: £(0.1)m) - reflecting ongoing growth investment in line with strategic roadmap
-- Net cash of £2.1m (H1 2021: £2.0m) remains strong, underpinned by undrawn £2.0m facility

Further upgrade to revenue expectations for 2022

-- Despite the wider backdrop of economic uncertainty, our core markets remain robust, driven by structural changes in the way people work and a strengthening mandate for productivity optimisation
-- Continuing ARR momentum and resilient customer demand is expected to drive 2022 Group revenue to at least £18.4m (previous guidance of £17.0m)
-- Group expected to remain modestly profitable at the Adjusted EBITDA level during H2 2022, marginally ahead of current expectations for 2022
-- Group continues to invest in its operations and people to support long-term growth and management's ambition to double ARR over the next five years

Daniel Rabie, CEO of GetBusy, comments: "Momentum has continued to build during GetBusy's record first half of 2022, with constant currency ARR growth of 21%, stronger than we reported in our AGM update two months ago. More than ever, GetBusy's products are delivering tangible value to our clients, across a larger addressable market, helping them to remain as productive, efficient and secure as possible in the face of rising cost pressures and operational complexities. Our very high - and improving - customer retention rates demonstrate how embedded our growing range of capabilities have become within our clients' technology stacks, a trend we expect to continue as the tailwinds of digital transformation, cyber security, privacy legislation and hybrid working strengthen. As we continue to win new clients in our core markets, introduce new capabilities into our existing client base and establish a foothold in new markets, we anticipate that ARR growth will remain strong throughout H2, and we now expect revenue in 2022 to be ahead of previously upgraded expectations."

[masurenguy] 11/7/2022 07:46

Interims due on Wednesday.

[mr doughnut1] 11/7/2022 07:25

Could be the start of a good news week..... hopefully.

[johnsoho] 04/7/2022 11:33

Well having just read the May trading update, the former brokers views, and had a look at the company’s balance sheet and read this BB comments, I’ve just purchased my first small tranche of shares in this company. Good luck to all holders.

[masurenguy] 02/7/2022 11:33

Cheers Tole - I concur with the ex-brokers prospective potential valuation metric. Also, they have an excellent FD in Paul Haworth, so the financial management is in good hands too. I particularly liked the following commentary.

Larwood at Liberum Capital, the group’s former broker, rates the group’s shares as a ‘buy’ looking for them to trade up to 130p, compared to the current 58p. In early May upon the group announcing its AGM Trading Update Larwood reckoned that the shares, then 60.5p, were trading on a 35% discount to its peer group.His estimate for the current year to end December is for sales to improve from £15.4m to £17.0m, while the pre-tax loss may rise by £0.1m to £1.3m negative. For the coming year he sees sales up again at £18.6m while easing the loss back down to £1.2m off.

My View
This time last year saw the group’s shares hit 99p, since when they have been down to as low as 55p in the ‘tech-stock rout’. I think that this little loss-maker has some really massive upside. It is constantly proving that its subscription business model has proven that it is inherently resilient to the challenges that many other businesses are currently facing. Just think of that ever-increasing annual recurring revenue, with the group showing sustained double-digit growth in ARR. As a leader in its marketplace, it has compelling drivers, with a very scalable SaaS business, which enjoys high gross margins. The group has an ever-growing customer base, from which it earns an average revenue per user of £216. And that figure will be growing too. The GetBusy business currently has a broadly neutral operating cashflow, which in the near-term will be moving to significant cash generation. The company’s shares at the current 58.5p look to me to be an excellent medium-term investment offering substantial growth potential.

[tole] 01/7/2022 21:00

https://masterinvestor.co.uk/equities/getbusy-does-this-loss-making-group-have-massive-upside/

[masurenguy] 24/6/2022 13:09

Results announcement is now due on Wednesday 13 July.

[masurenguy] 10/6/2022 15:59

Directors were buying at this 57p - 58p level back in March. Since then there has been a trading update issued in early May which stated:

"The Board is pleased to confirm continued strong trading momentum in the first four months of 2022. ARR at constant currency has grown by 19% year-on-year, reaching £17.0m at 30 April 2022. This has been driven by buoyant customer demand across the Group's established brands, the continued benefit from monetisation initiatives and healthy net revenue retention levels. Integration of the technologies acquired last year is progressing to plan and we are making encouraging headway building out the customer acquisition and operational models for the Group's emerging products, Workiro and Certified Vault. Net cash remains solid, underpinned by the Group's undrawn £2m debt facility. The Board reaffirms its expectations* for 2022 with a very high level of confidence."

[cheshire man] 05/5/2022 08:07

More then happy with that :-)

[mr doughnut1] 05/5/2022 07:19

Happy with that, now it's over to the markets.

[mr doughnut1] 28/4/2022 17:40

For the last two years there has been a TU released on the same day as the AGM. This year's AGM is next week, on Thursday the 5th of May. Let's hope the positive momentum continues.No RNS relating to the large share transactions, yet.Next Thursday could be a busy day news wise.

[melloteam] 25/4/2022 12:02

Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows:

Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF)

Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies

Just to let shareholders and prospective investors know that GETBUSY will be among the 60+ LSE Small Cap and AIM listed companies attending. There will also be keynote speakers such as Lord John Lee, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams.

Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50.

For more information, please visit the event webpage:

[sphere25] 04/4/2022 08:09

Abit late to this one.

Sellers cleared here?

Monstrous volume on Friday:

Someone has mopped up in size at 55p and bid up the market to pick up a tidy 1.2m @60p.

All imo
DYOR

[masurenguy] 01/4/2022 16:31

Should be an RNS next week to identify the seller - probably BGF Investment Management Ltd.
During March Chairman Miles Jakeman acquired circa 190,000 shares and FD Paul Haworth also added 20,000 shares.

[mr doughnut1] 01/4/2022 15:45

Circa 8.7m shares have gone through this pm, and the price has just popped up. Hopefully that's the overhang gone. If it has then the price may go up next week.