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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Journeo Plc | JNEO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 223.00 | 07:37:29 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 223.00 | 223.00 | 223.00 | 223.00 | 223.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 17/7/2024 10:25 by apad Given the low cash flows and small Mkt Cap, that's a sensible position, melody.Depends on one's personal risk approach. JNEO is my 12th largest holding, so I am not that gung-ho and I am also looking for new news on orders. apad |
Posted at 16/7/2024 23:24 by adamb1978 "Look at the fine print of the 2023 accounts. infotec underlying profit £3.7m. Everything else minus central costs, only a few hundred thousand"Well, if you take out one division/business unit of lot of small companies then they won't be making much profit simply because the central costs of a company support the entire business. So if you remove Infotec as an example here, then you also need to strip back the central costs to mimic what central functions they'd run with if they were without Infotec. That would probably result in lower EPS as, for example, you need a CEO regardless of size. That however is just just economies of scale and amortising the central costs over a different sized business, rather than anything magic about JNEO. |
Posted at 16/7/2024 06:29 by adamb1978 Listened to the link. Somewhat brief but he was very complimentary about JNEO but thought that given how bombed out small cap valuations are, there were better opportunities elsewhere. Share price is 25%-30% down though so perhaps he now needs to revisit that conclusion given the PE is now sub 10x!Lets see what today brings |
Posted at 12/7/2024 16:56 by apad Thanks Tom.This was posted "JNEO - I really like the business, just a little nervous of them being able to fill the hole of the large Infotec US subway contract that transformed last years results." Is it something I missed or is it just that the (big) contract is complete and we are waiting to see what other contracts Infotec can acquire. I presume so. apad |
Posted at 12/7/2024 12:21 by 74tom @APAD, I posted quite a lot of detail back in early April having analysed the numbers and was bearish at 270p based on the below;"Digging further into the segmental reporting, operating profit for fleet & passenger systems in FY22 was £1.43m, in FY23 this more than halved to £698k. This meant that organic JNEO operating margin dropped from 6.77% in FY22 to 2.75% in FY23. The trend is worse if you look at the half year reporting for fleet & passenger systems; H122 revenue £8.87m, operating profit £449k, operating margin 5.1% H222 revenue £12.24m, operating profit £981k, operating margin 8% H123 revenue £12.5m, operating profit £513k, operating margin 4.1% H223 revenue £12.8m, operating profit £185k, operating margin 1.4% Passenger systems actually reported an operating loss of £45k in H223, vs a £410k H2 profit the year before... Infotec saved the day contributing operating profit of £3.697m, and MultiQ £153k. Cavendish forecasts in March 23 were for PAT of £2.8m, their reported PAT figure was £2.97m, so they beat this forecast by just £170k, with ~£130k of this attributable to MultiQ, so overall organic JNEO + Infotec were in line, and as the above info shows, organic JNEO was some £700k lower than prior year, despite the 20% top line growth." I'm therefore not surprised to see the break below the 200DMA, especially given the performance over at Tracsis & lack of announcements here. The trading update in early August will almost certainly try to paint a positive picture, however I'll be surprised if it's better than in line. |
Posted at 01/7/2024 12:50 by apad Been going through my (peculiar) metrics and JNEO looks seriously undervalued. It's grouped with companies that have difficulty growing profits and it doesn't. Also new markets and new products.What am I missing? apad |
Posted at 27/6/2024 13:58 by adamb1978 Charles Stanley dont have many funds and from a quick look its not obvious that JNEO would fit into any of them. Would this be one of their wealth management clients? If so though, it would be reported as that client rather than Charles Stanley thoughSeparately, looking at one of their funds, the main holdings of that fund are a bunch of other funds...so fees layered on fees. The asset management industry is extremele poor for investors |
Posted at 05/6/2024 16:29 by vfast 249.8p bargain at that price!Journeo plc (AIM: JNEO), a leading provider of intelligent transport solutions ("ITS") to operators and authorities across the UK and Scandinavia, announces that Barney Kent, Non-Executive Director, today purchased 10,981 ordinary shares of 6.5p each in the Company ("Ordinary Shares") at a price of 249.80 pence per Ordinary Share. |
Posted at 02/4/2024 11:16 by 74tom Eric, I must say your post 862 is quite notable, to read & respond to my comments with a 397 word post in 4 minutes is superhuman. Are you using a GPT program by any chance?You've responded with the standard bull case and of course things may play out like that. However, I feel that the market has got significantly ahead of itself based on the detail provided in last weeks report. Digging further into the segmental reporting, operating profit for fleet & passenger systems in FY22 was £1.43m, in FY23 this more than halved to £698k. This meant that organic JNEO operating margin dropped from 6.77% in FY22 to 2.75% in FY23. The trend is worse if you look at the half year reporting for fleet & passenger systems; H122 revenue £8.87m, operating profit £449k, operating margin 5.1% H222 revenue £12.24m, operating profit £981k, operating margin 8% H123 revenue £12.5m, operating profit £513k, operating margin 4.1% H223 revenue £12.8m, operating profit £185k, operating margin 1.4% Passenger systems actually reported an operating loss of £45k in H223, vs a £410k H2 profit the year before... Infotec saved the day contributing operating profit of £3.697m, and MultiQ £153k. Cavendish forecasts in March 23 were for PAT of £2.8m, their reported PAT figure was £2.97m, so they beat this forecast by just £170k, with ~£130k of this attributable to MultiQ, so overall organic JNEO + Infotec were in line, and as the above info shows, organic JNEO was some £700k lower than prior year, despite the 20% top line growth. Shares pumped from August onwards due to company repeatedly reiterating that they were materially ahead of forecasts. Whilst this is obviously true with regard to revenue, it's clear that organic operating profit was actually substantially lower than the prior year, and I can't imagine the March 2023 forecasts planned for that?! It's also extremely relevant given the company likes ramping it's 'pipeline' of £55-60m, if this is work that will earn them a 2% operating margin then it's hardly exciting is it? And it's not as if public transport bodies are awash with cash. Likewise with the recent purchase orders, they enjoy reporting the gross figure but £5.75m of orders at the H2 operating margin of 1.4% = £80k of operating profit... Surely operating margins are everything if you are expecting expanding PE ratios & growing EPS to drive shares higher? |
Posted at 10/3/2024 11:14 by eeza I believe the weakness is DSM selling down their holding.They issue a factsheet once a month. 1 Jan shows JNEO at 8.04% (of DSM fund) 1 Feb shows JNEO at 3.01% 1 Mar shows JNEO at 2.73% There were quite a few large trades late reported for JNEO last week. |
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