Glantus Share Price (GLAN)

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Share Name Share Symbol Market Type Share ISIN Share Description
Glantus Holdings Plc LSE:GLAN London Ordinary Share IE00BNG2V304 ORD SHS EUR0.001
  Price Change % Change Share Price Shares Traded Last Trade
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  0.00 0.0% 9.25 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
9.00 9.50 9.25 9.25 9.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 10.52 -2.26 -6.89 3
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 9.25 GBX
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Compass (CPG), Experian (EXPN), Billing Services (BILL), Mi-pay (MPAY)

Glantus (GLAN) Latest News

Glantus News

Date Time Source Headline
14/12/202215:54ALNCNewsIN BRIEF: Glantus repays short-term working capital facility
14/12/202207:00UKREGGlantus Holdings PLC Repayment of Short Term Working Capital Facility
09/12/202212:08ALNCNewsIN BRIEF: Glantus names Gray-Smith as interim CFO as McKeown leaves
09/12/202207:00UKREGGlantus Holdings PLC Directorate Change
05/12/202221:49ALNCNewsTRADING UPDATES: MaxCyte in deal; Angus to resume Saltfleetby drilling
05/12/202213:50UKREGGlantus Holdings PLC Update re. Completion of Software Sale
24/10/202210:46ALNCNewsIN BRIEF: Glantus Holdings secures further EUR1.5 million drawdown
24/10/202206:00UKREGGlantus Holdings PLC Additional Working Capital Facility
11/10/202220:12ALNCNewsTRADING UPDATES: AssetCo net assets fall; VH Global seals deal
11/10/202214:02UKREGGlantus Holdings PLC Sale of Software to Customer
More Glantus News
Glantus Investors    Glantus Takeover Rumours

Glantus (GLAN) Discussions and Chat

Glantus Forums and Chat

Date Time Title Posts
14/12/202207:23Glantus plc31

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Glantus (GLAN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-02-08 15:43:309.0063056.70O
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Glantus (GLAN) Top Chat Posts

Top Posts
Posted at 09/2/2023 08:20 by Glantus Daily Update
Glantus Holdings Plc is listed in the Support Services sector of the London Stock Exchange with ticker GLAN. The last closing price for Glantus was 9.25p.
Glantus Holdings Plc has a 4 week average price of 9.25p and a 12 week average price of 9.25p.
The 1 year high share price is 86.50p while the 1 year low share price is currently 8.75p.
There are currently 36,275,431 shares in issue and the average daily traded volume is 14,896 shares. The market capitalisation of Glantus Holdings Plc is £3,355,477.37.
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Posted at 14/12/2022 07:23 by paleje
Glantus (AIM: GLAN), the provider of Accounts Payable ("AP") automation and analytics solutions, is pleased to announce that the EUR1.5m additional short term working capital facility, which was drawn down from its existing Beach Point debt facility, as announced by the Company on 24 October 2022, has now been fully repaid as scheduled prior to 31 December 2022.
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Posted at 04/10/2022 12:28 by 74tom
"Total debt outstanding as of 31 December 2021 was €10.9m. This was largely made up of Beachpoint Capital loan facility of €10.4m and Bank of Ireland €0.2m and Enterprise Ireland €0.3m. It is the Company's intention to refinance the existing senior debt in 2022."

- Total debt of €10.9m at an interest rate of 10%, finance costs were €631k in H1...

- Cash of €391k at 30/06 vs cash used in operating activities for the last half year of €579k

- From the admission doc;

"In addition the BPC Loan Agreement includes a cash covenant which is tested on a monthly basis whereby from Admission the Company must have total cash in hand or on deposit in UK or Ireland in Sterling or Euro in the amount of at least €1,000,000."

Unless the terms have been changed, GLAN appear to be in breach of that covenant.

At £4.6m market cap this looks dead as a dodo - also accounts payable automation companies are ten a plenty. Quite how selling shareholders made £3.8m in the IPO I'll never know.
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Posted at 29/9/2022 14:02 by stalker_boy
I suppose the question is what price is the placing.
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Posted at 28/9/2022 10:21 by bargainhuntmark
Cannot help thinking management should have alerted market sooner, share price wobble yesterday was telling us something. With trust at such a low ebb, I have cut my losses.
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Posted at 15/7/2022 16:39 by simon gordon
Getting beaten up quite hard, maybe a large holder wants out at any price?
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Posted at 13/1/2022 15:19 by rat attack
I appreciate this is 7 months out of date, but makes interesting reading:

Glantus Holdings could be a quick mover
By Mark Watson-Mitchell 07 June 2021

Now £10m IPO funded, Glantus Holdings has good cash balances to push it forward, writes Mark Watson-Mitchell.

It has expanded at a compound annual growth rate of 81% between 2018 to 2020.

It has only been on the market for less than one month and its shares are now trading at over a 7% discount to its oversubscribed IPO price.

Its directors and management own some 55% of the group’s equity.

It is currently only capitalised at £35m, yet its NOMAD and house broker values it at £56m.

It has over 300 customers worldwide, served by its offices in Dublin, London, Katowice and San Jose.

It services its clients in over 50 countries globally and helps them to protect a $1 trillion spend.

Now £10m IPO funded it has good cash balances to push it forward on its strong growth strategy.

Interesting?

Yes, of course it is.

Oh, and by the way, it enjoys a staggering 89% ARR (annual recurring revenues).

Make the data simpler

Only set up seven years ago, Glantus Holdings (LON:GLAN) has already sought out and acquired four companies to strengthen its product offer.

Glantus was founded to solve data problems experienced by all enterprises at scale.

The company’s mission is to simplify data to drive constant innovation.

It states that it is “creating a world in which data is the differentiator for creating lasting impact and a catalyst for progressive and practical opportunities to succeed. Data flows seamlessly informing strategy and driving new levels of efficiency. Frictionless vendor interactions, enable agility, improve margins, and create new business opportunities.”;

Get the money in

It is a provider of ‘Accounts Payable’ automation and analytics solutions.

The award-winning Glantus Data Platform provides an end-to-end AP solution that layers onto existing systems, thereby eliminating cost and delivering new revenue streams.

Growing global customer list

It numbers some 50 large groups as clients, taking in major brand names and several Fortune 500 companies.

Some of the better known top names within its customer ranks include the London Metal Exchange, Grainger, Europcar, Abbott, Diageo, Aramark, TMobile, International Airlines group, MAAS Aviation, Interflora, PaddyPower, Sherry Fitzgerald, Parker, easyJet, GPC, Parker, ZF, hydrogen, vice, Botany Weaving, GPC Global Sourcing, Tata, Thrifty Car and Van Rental, Choice Housing, CombiLift, Marbank Construction, Arkphire, Gannon Homes, McCarthy Insurance Group, Dennison Commercials, MicroWarehouse, PRO14, Goodman Masson, Castleton Technologies, USP College, Aspire, the list is really quite impressive for such an, as yet, small company.

Big strategic plans

However, Glantus has big aspirations and coming to the market to help fund its strategy and also widen its share ownership is just a first step.

The company has 36,275,431 shares in issue. Some 58.4% of its shares are not held in public hands.

Larger holders include Amati AIM VCT (8.11%), Octopus AIM VCT (4.86%), and Octopus AIM VCT 2 (3.24%).

Could be a ‘quick mover’

Despite its size I actually think that it has some ‘legs’ to move quite quickly.

Analysts Alex DeGroote and Manjot Heer at brokers Arden Partners rate the company’s shares as a ‘buy’, with a price objective of 140p per share.

The last year to end-December 2020 saw the company report sales of €8.2m and made an adjusted pre-tax loss of €0.3m.

For the current year the brokers are going for €11.4m of sales, €1.5m profits, worth 3.3c per share in earnings. While 2022 could see revenues up to €15.6m, doubled profits at €3m, with earnings of 6.4c per share.

The 2023 year is forecast to show through with €20.3m revenues generating €5.5m in pre-tax profits, giving 11.9c per share in earnings.

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Looking at those estimates, it becomes fairly clear that the brokers have recognised the company’s growth potential when they created their aim for the price of the shares.

Early last month the company raised £10m through an oversubscribed placing at 102p a share. It also did an existing holder placing of £4m.

They have been as high as 107p since then, before easing back to the current 94.5p, at which level the shares have good growth attractions over the next couple of years.

I now set a target price of 120p, which could be achieved fairly quickly as investors start to become aware of the newcomer (with a magical 89% ARR).

hxxps://masterinvestor.co.uk/equities/glantus-holdings-could-be-a-quick-mover/?mc_cid=42133b164d&;mc_eid=12ab54b952
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Posted at 24/11/2021 11:21 by fillipe
Sparky RNS of today!

Not that many total share of this one.

f
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Posted at 16/7/2021 08:40 by simon gordon
It looks like the existing shareholder base is made of apple crumble rather than sticky toffee pudding.

Been a car crash since listing, either valued too highly or an inherently weak shareholder base.

Now taking on debt to buy and build. Any hiccups and the share will get smashed to pieces.

If they execute flawlessly they should do okay.
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Posted at 16/7/2021 07:26 by jp2011
I sent a very similar email on Tuesday.The market makers haven't helped recently marking down the price on very low volumes
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Posted at 13/5/2021 22:19 by rambutan2
No view (as yet), just noted:

BPC Ireland Lending fund, which is managed by htTps://beachpoint.capital

hTtps://www.irishtimes.com/business/financial-services/isif-commits-15m-to-beach-point-capital-fund-1.4559709

From pg51 of the admission doc:

Requirement to repay grant monies and existing debt, and maintain compliance with agreements for these facilities:
The BPC Loan Agreement (in respect of a loan €5,350,000) and the Bank of Ireland term loan ((in respect of a loan of €400,000) further details of which are set out at paragraph 13.13 of Part V) contain detailed covenants and restrictions with which members of the Group must comply and non-compliance with which could result in potential enforcement rights for the lenders including repayment of the loans. Monitoring compliance with the financing terms involves a certain amount of administrative burden.

Under the BPC Loan Agreement, the Group has granted certain charges in favour of BPC. If the Company is unable to service its debt under the BPC loan facility or is otherwise in breach of one or more of its obligations, BPC may call for repayment of its loan (or if such repayment does not occur BPC may be able to enforce their security interest over the assets), which could have a material adverse effect on the business and financial position of the Group.

In addition under the BPC Loan Agreement if a change of control or sale is effected without the prior written consent of BPC (not to be unreasonably withheld or delayed), the facility will be immediately cancelled and the outstanding BPC loan together with all interest and other amounts accrued shall become immediately due and payable. A “sale” is defined as the sale of the Company or any of the companies in the Group that have granted security for the Loan or a sale of all or substantially all of the assets of any such company. A “change of control” will occur if Maurice Healy, Grainne McKeown, Geoff Keating, Andrew Frazer and Joe Keating (or any one or more of them) (and their connected persons) cease to hold (or be interested in) in aggregate at least 40 per cent. of the issued share capital of the Company.

And from pg178:

13.1.2 BPC Loan Agreement
A facility of €5,350,000 has been made available by BPC under the BPC Loan Agreement. The BPC Loan Agreement is secured by Irish debentures granted by the Irish incorporated companies in the Group and UK debentures granted by the English incorporated companies in the Group granting first fixed and floating charges over the relevant assets and undertakings both present and future as security for all monies, obligations and liabilities of the Company under the BPC Loan Agreement.

The full amount of the facility (‘Loan’) of €5,350,000 has been drawn down and is owed by the Company. Under the terms of the BPC Loan Agreement: (i) the termination date is 31 August 2023 (‘Termination Date’); (ii) the interest rate on the Loan is 12 per cent. per annum, interest accrues daily and is payable monthly in arrears on each interest payment date being the last business day in each calendar month; (iii) repayment of the Loan is interest only up to and including 31 December 2022; (iv) interest and capital payments in respect of the amortising amount of €2,350,000 are payable from 31 January 2023 up until 31 August 2023 with the balance of the Loan repayable on the Termination Date; (v) any repayment or prepayment of the Loan in full shall incur an ‘Exit Fee’ equal to €800,000 (and in the case of prepayment, an additional 3 months’ interest); and (vi) the BPC Fee (€1,000,000) is payable on Admission.

The BPC Loan Agreement provides that on a change of control or sale without the prior written consent of BPC (not to be unreasonably withheld or delayed), the facility will be immediately cancelled and the Loan together with all interest and other amounts accrued shall become immediately due and payable. A “sale” is defined as the sale of the Company or any of the companies in the Group that have granted security for the Loan or a sale of all or substantially all of the assets of any such company. A “change of control” will occur if Maurice Healy, Grainne McKeown, Geoff Keating, Andrew Frazer and Joe Keating (or any one or more of them) (and their connected persons) cease to hold (or be interested in) in aggregate at least 40% of the issued share capital of the Company. Consent has been obtained from BPC for the Admission.

The BPC Loan Agreement contains customary positive undertakings, and also negative undertakings including restricting the Company (and other Group members) from, creating any security interest, disposing of any assets outside the ordinary course, certain acquisitions and investment, declaring dividends or capital reductions. The BPC Loan Agreement also includes a number of financial covenants to be met by the Company, tested on a quarterly basis. In addition the BPC Loan Agreement includes a cash covenant which is tested on a monthly basis whereby from Admission the Company must have total cash in hand or on deposit in UK or Ireland in Sterling or Euro in the amount of at least €1,000,000.

The BPC Loan Agreement contains a usual suite of events of default including without limitation non- payment, breach of obligation, insolvency, cross-default etc.

Also noted (pgs 168-69) that the board doesn't offer an unblemished history.

(pg 134) The Company has concentration with a few customers. Four customers represented approximately 55 per cent. of total net revenues and 44 per cent. of accounts receivable for the year ended 31 December 2020 (42 per cent. and 23 per cent. with two customers, respectively, in 2019). Trade receivables are primarily due from Fortune 1000 companies in the United States of America and therefore, credit risk is deemed low.

hTtps://www.glantus.com/f/96909/x/0316f872f2/glantus-holdings-plc-admission-document-electronic-version.pdf
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