Getbusy Share Discussion Threads

[pugugly] 09/9/2021 09:14

Sell note out? or medium sized holder taking profits? bid offer at top 75/80.
P/E for me still far too high - OK know research not capitalised and charged to income but still a bit OTT.

[masurenguy] 02/9/2021 07:23

SmartVault ranked as Emerging Favourite by Capterra

GetBusy plc, the leader in specialist document management software for accountants, is pleased to announce that the Group's SmartVault product has been ranked as an "Emerging Favourite" in Capterra's 2021 shortlist for file sharing software. SmartVault, the rapidly scaling SaaS solution specifically for small to medium organisations, was assessed based on Capterra's analysis of user ratings and popularity for over 350 software products.

Daniel Rabie, CEO of GetBusy, comments:"I am very proud of our SmartVault team for this tremendous achievement. Recognition by Capterra as an Emerging Favourite is validation of the value that customers see in SmartVault's secure, cloud-based document management, storage and digital signature solution. SmartVault was ranked in this shortlist alongside some of the best known and most advanced companies in the world, such as Google, Microsoft and Dropbox. Capterra is a key source of buying information for our target accountancy and professional services markets and this ranking highlights we can compete successfully among those big names by focussing on the specific needs of that market, bringing significant productivity advantages over the generic players."

[mr doughnut1] 12/8/2021 10:46

PH has bought another 10,000

[pugugly] 10/8/2021 08:37

p/e still far too high (imo) - Nice products - apparently excellent managment BUT valuation to both revenue and profits (OK noted that development costs are expensed and not capitalised) out of this world but will need much much faster revenue and bottom line growth to justify current market cap.(imo)

[the ghost who walks] 02/8/2021 20:43

Wasn't much new to be honest, continued good opportunity for growth though. Getbusy spend still unclear.

[mr doughnut1] 02/8/2021 19:43

Here is a linkhttps://twitter.com/cfogetbusy/status/1422213432561094663?s=21

[pugugly] 02/8/2021 12:00

Management as expected confident - Well worth a listen as has been recorded -

[mr doughnut1] 01/8/2021 07:50

Would be grateful if anyone would provide an overview of investor meet presentation this Monday. Many thanks.https://www.investormeetcompany.com/getbusy-plc/register-investor

[masurenguy] 31/7/2021 14:22

GetBusy (LON:GETB) – 93% annual recurring revenues

I always love to see a finance director buying more shares in the company that employs them. Paul Howorth bought another 10,000 shares @ 75.9p straight after his employer had announced its interim results for the six months to the end of June on Wednesday morning. That purchase took his holding up to 85,000 shares representing just 0.17% of the equity – it may not look a meaningful amount, but I still take it as a good sign. After all, as Chief Financial Officer he must know how and where the business is going.

Still losing money as it develops

GetBusy’s document management and task management software enables over 68,000 professional paying users around the world to digitise their operations and be productive while working in the office or remotely. It is the leader in specialist document management software for accountants. The interims showed that the group is still losing money as it develops its business. Revenues were up 7% at £7.5m while it lost £0.5m in the first half year.

What I always look for

But what I also rave about, apart from finance directors buying more shares, is annual recurring revenues (as if you did not know that by now). And the group is now running at a massive 93% ARR, up from 91% previously, with it running at £14m as at end-June (£13.1m). Analyst Janardan Menon, at the group’s brokers Liberum Capital, estimates the full year will show £15.1m of revenues and a £1.2m loss. For next year he sees £16.2m revenues and a slight reduction in losses at just £1.1m.
However, what is strong about this little group is that it has £2m of cash in the bank with another £2m of undrawn facilities available.

The group’s CEO Daniel Rabie commented with the interims that, “We remain confident that we are in the right markets, with the right people and products to accelerate our growth in high quality recurring subscription revenues over the medium to long term. We continue to invest to support that growth and we look forward to the future with increasing confidence.”

My View

It is no wonder that the broker has put out a 130p a share price objective. This is a tuckaway stock which has significant upside potential, I see them soon creeping back up through the 100p mark. The shares, which touched 112p in March, close the week at around the 82p level after dipping to 76p at one stage this week.

[tole] 31/7/2021 13:50

https://masterinvestor.co.uk/equities/getbusy-and-more/

[ade45] 28/7/2021 09:55

Some nervy sellers this morning

[masurenguy] 28/7/2021 08:32

This seems to be a common scenario over the past couple of months. I have had a couple of other stocks whose interims resulted in a 10% - 15% decline despite the fact that their figures corresponded with the prior trading update. Probably a mixture of summer doldrums combined with skittish PI's, who were probably looking for an improvement beyond the last TU.

[the ghost who walks] 28/7/2021 08:16

Why the sell off?

[masurenguy] 28/7/2021 07:09

2021 Half-year Results

Financial highlights

-- Group recurring revenue up 12% in constant currency and 9% in reported currency
-- Group ARR up 13% in constant currency to £14.0m
-- Recurring revenue comprises 93% of total revenues, up from 91% in H1 2020
-- SmartVault recurring revenue up 26% at constant currency driven by strong new business.
-- Virtual Cabinet up 3%
-- Group gross margin slightly lower at 91.6% (H1 2020: 93.1%) due to SmartVault's increasing proportion of Group revenue.
-- Additional £0.5m scale-up investment in SmartVault delivered 28% total revenue growth at constant currency
-- Adjusted loss before tax of £0.5m (H1 2020: £0.3m) reflects the greater investment in scaling SmartVault and accrual for higher performance-driven incentive costs.

Group recurring revenue grew by 12% at constant currency (9% at reported currency) to £6.9m (H1 2020: £6.4m), primarily driven by excellent new customer growth in SmartVault and a solid performance from Virtual Cabinet. Total revenue was up 10% at £7.5m, with higher non-recurring revenue from electronic signatures in SmartVault compensating for the expected lower consulting and upfront licence revenues in Virtual Cabinet.

Annualised recurring revenue ("ARR") at 30 June 2021, which is a measure of the subscription runrate of the Group, was £14.0m, an increase of 13% at constant currency since 30 June 2020 and an increase of 5% over the Period. As with recurring revenue, this was driven by SmartVault's acquisition of new customers.

Gross margin of 91.6% (H1 2020: 93.1%) reflects the increase in the revenue contribution of SmartVault, which, as a pure SaaS product, operates at lower gross margins than Virtual Cabinet.

The increase in overheads reflects the investments made in the growth of SmartVault, which delivered a 28% increase in total revenue in the Period, the commercialisation of the GetBusy product and an increase in the accrual for performance-driven incentive costs. Adjusted Loss before Tax of £0.5m (H1 2020: £0.3m) reflects these additional overhead investments.

Cash of £2.0m was £0.3m lower than at 31 December 2020. The usual H1 deferred revenue reduction, which is a reflection of the timing of customer renewals, was £0.3m, adding to the adjusted loss of £0.5m. These cash outflows were offset by the receipt of research and development tax credits of £0.6m, with other working capital movements offsetting £0.2m in capital expenditure.

Strategy and outlook

Our objective to capitalise on our position as the leader in specialist document management software for accountants is supported by a simple, growth-focused strategy. Our principal measure of success in the medium term is Annualised Recurring Revenue ("ARR") for the combined document management business. Today, about 56% of ARR comes from Virtual Cabinet. Over the next year, we expect SmartVault to overtake Virtual Cabinet in size and for growth in Group ARR to be increasingly influenced by SmartVault's higher growth rate.

We anticipate SmartVault's growth coming from four core areas:

-- New business . This will be derived principally from our core accounting channels in the US and UK, in which the penetration of sector-specific document management software remains low. Complementary vertical markets will also be explored and investment made where we have a good opportunity to achieve product-market fit.

-- Monetisation . We will iterate and optimise the packaging and pricing of SmartVault to ensure we are generating value from our substantial existing base of customers.

-- Expansion . We will explore opportunities to sell additional functionality or products as a subscription into our existing customer base, enabling customers to automate or improve other processes in their workflows.

-- Churn control . We will continue to make improvements to the product and customer experience to maintain churn at category-leading levels.

Increased investment over the medium term will be directed at enabling each of these four growth drivers. Our approach to investment is the rapid iteration of targeted incremental spend; we invest in increments based on an expected return derived from our business data, we measure the return against expectations regularly and then, if required, adjust the nature and extent of the investment.

Supporting the scaling of our SmartVault business is the highly cash generative nature of Virtual Cabinet, a high quality and well-established product with rich functionality and a strong customer base. We expect modest recurring revenue growth arising from a combination of new business, most notably from the cyclically buoyant insolvency sector in which Virtual Cabinet has particular strength, and upsell to existing customers. Revenue growth within Virtual Cabinet benefits from a stable cost base and strong operating leverage, which has the potential to enhance its enviably high operating margins.

Our objective for our GetBusy task management product is to prove a viable and scalable customer acquisition model. Our efforts are now firmly redirected towards building partner channels in the ERP space, in the first instance with NetSuite and its extensive ecosystem of value-added resellers, consultants and integration partners.

We continue to see a significant scaling opportunity for our document management business through SmartVault, on which we intend to capitalise. We expect continued strong growth in recurring subscription revenue in that business during H2 and, as we invest in the scale-up, we see an opportunity for the growth rate to potentially increase over the next few years. We look to the future with increasing confidence.

[tole] 26/7/2021 20:43

https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-dwf-premier-foods-foxtons-and-more/GetBusy (LON:GETB) – figures due this WednesdayThis group is a leading developer of document management and productivity software products. It has confirmed that its results for the six months ended 30 June will be announced on this coming Wednesday. On a truly global basis, GetBusy's document and task management software enables over 67,000 professional paying users to digitise operations and be productive whether working in the office or remotely.We have already been told, in the company's early May AGM update, that trading in the first four months of the current year was better than management expectations, buoyed up by the increased recurring revenues.While still loss-making, its brokers Liberum Capital have set their caps at the shares hitting 130p each, which compares very favourably with the current 84.5p.They look good value ahead of the interims being announced and thereafter.

[masurenguy] 23/7/2021 07:45

Interims to be released next Wednesday (28 July).

[mr doughnut1] 16/7/2021 17:35

Had another little nibble at 83.44. Let's see if next week brings any news.

[masurenguy] 15/7/2021 16:09

Interim results due sometime over the next 3 weeks. Over the past 2 years they were issued on 23 July (that would be a week tomorrow) and prior to that they were issued during the first week of August.

[mr doughnut1] 15/6/2021 11:25

Two large trades totalling 556,838 have just gone through. Hopefully the overhang may have shifted.

[hastings] 06/5/2021 07:56

Yes, good update indeed.

[mr doughnut1] 06/5/2021 07:26

TU reads very well and the sun is shining. Good start to the day

[mr doughnut1] 02/5/2021 14:08

AGM this year on Thursday 6th May.Last year's AGM was coupled with a TU. Wonder if the same will happen this year?

[mr doughnut1] 28/3/2021 10:23

Smart Vault comes in at no. 8 in GetApp's category leaders in document management. 'Each year we rank the leading business apps inside our most popular categories to help you tackle software selection'.https://www.getapp.com/collaboration-software/document-management/

[melloteam] 24/3/2021 14:27

Just to let shareholders and prospective investors know that GetBusy will be presenting at Mello Events’ Results Roadshow Special webinar event on Monday 29th March at 5pm-9:30pm. There will also be other fantastic company presentations from Filta Group, Judges Scientific plc and Digitalbox plc.
There will be over 600 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions including the popular Mello BASH (Buy, Avoid, Sell or Hold).

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.