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GLAN Glantus Holdings Plc

33.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 33.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 33.50 GBX

Glantus (GLAN) Latest News

Glantus (GLAN) Discussions and Chat

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Date Time Title Posts
29/9/202319:38Glantus plc50

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Glantus (GLAN) Top Chat Posts

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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.
Posted at 04/10/2022 13:28 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.
Posted at 29/9/2022 15:02 by stalker_boy
I suppose the question is what price is the placing.
Posted at 28/9/2022 11:21 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.
Posted at 15/7/2022 17:39 by simon gordon
Getting beaten up quite hard, maybe a large holder wants out at any price?
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
Posted at 24/11/2021 11:21 by fillipe
Sparky RNS of today!

Not that many total share of this one.

f
Posted at 16/7/2021 09:40 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.
Posted at 16/7/2021 08:26 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
Posted at 15/7/2021 11:38 by adorling
It's about time we heard something good on the Corporate Activity front from Maurice Healey CEO given the share has dropped 20% since IPO in just 8 weeks? So many IPO's are proving poor investments this year?
Glantus share price data is direct from the London Stock Exchange

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