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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% | 263.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 263.00 | 263.00 | 263.00 | 263.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 29/3/2024 11:01 by pireric I think those are fair comments 74tom, but it's quite backwards looking. The main question investors have to ask is whether the forward forecasts are realistic and achievable.The answer there for me is a Yes, with a material gross margin improvement to come in 2024 as product mix improves. They also talked on the IMC call about supply chain pressures having dissipated this year so far unlike last year. And frankly, if they hit their 2024 forecasts (which to me seems likely), then we are still looking at 22p of EPS< and £10m of net cash balance, whichever way you dice it. You need to factor in Multi-Q which will help with the achievability of overall 2024 revenue aspirations. The upside versus consensus will be if Infotec win further deals around the New York subway; I don't believe that's being baked into existing forecasts as that is difficult to predict, and there are no guarantees Journeo's partners will bid too. But the remaining subway opportunity is much larger than what has been delivered so far (the contract was c. 500 trains vs. a remaining 1,500 to go after, and the existing deliveries are still running through H1 2024). The mix will shift this year - as on the IMC, more Passenger /Fleet systems, for example. More SaaS/Software. The next question is around whether the business is sufficiently investing for growth. Everything I've seen, inorganic and organically suggests they are. And so wind forward a year's time, some of these reasonable pushbacks you are pointing out will be reversed. And if that happens, I suspect the P/E multiple will be materially higher than ~10x cash adjusted. Hence why we are also seeing the CFO buy and why the management team are sounding so confident, particularly given what they've probably booked YTD and are seeing in order backlog/purchase order trends. Then there will almost certainly be earnings upside this year as and when they deliver on 1/2 acquisitions, not least because Cavendish are forecasting nil net interest income for this year. I actually understand your points - they are good ones to be aware of. But the bigger picture here is one of material improvement in the quality of the business, a strong management team, and a valuation that is not demanding - if we were on 20x cash adjusted P/E I think I might draw different conclusions. Eric |
Posted at 27/3/2024 11:33 by nchanning Directors for the most part act like value investors , they tend to buy when the share price falls and sell when it rises . The most golden signal of all is when a director buys near the highs . It goes against their natural instincts , extremely bullish . CFO probably not that wealthy either , and with stock options in the bag still willing to dip into his pocket |
Posted at 21/3/2024 08:05 by mcmather Investor Meet Company - 27 Mar 2024, 12:00 GMT FY23 Results Investor Presentation |
Posted at 12/2/2024 17:26 by adamb1978 I'm not an income investor but I'd like to see them initiate a small dividend this year. Doesn't need to be much at all - 0.5%-1% yield would be fine - but then grow it consistently at say 10%-20% p.a. from there (if the company succeeds, that growth would likely result in a lower yield).There's various funds which can't invest in companies whic dont pay divis and also a reasonable number of investors who want some level of income and income growth. An initially small but fast growing divi would therefore help the share price; at the levels I mention, it wouldnt impact their ability to finance growth either |
Posted at 12/2/2024 13:06 by madmix I'd suggest that since 26th January, Downing have continued to offload their remaining 415,000 shares.With no institutional buyer on the other side of the book, coupled with a few Private Investors selling, the price fell back last week. With stop losses getting hit and people wondering if "someone knows something", this caused a bit of a late Friday afternoon panic. This is, after all, a micro-cap with a NMS of 1,000 shares. The good news is that Downing will almost certainly be finished in the near future, having held over 10% of the company last summer. |
Posted at 29/1/2024 18:25 by davidosh Looks like all those mello types are late to the party again.pyemckay...Not sure why you think that? Russ Singleton came to present a few years ago and it has been a slow burn for some but there are lots of Mello investors on board. I know some that have been adding along the way as the investment case got stronger and for those who bought after the November presentations there is a saying 'Better late than never' |
Posted at 04/1/2024 11:28 by hew Babbler, thank you, though took me a couple of minutes to locate the JNEO tip. In the Money section under the heading "Ten stocks top investors are backing in 2024." Actually an AJ Bell tip by Dan Coatsworth. Worth reading. |
Posted at 04/1/2024 09:59 by adamb1978 Hi PhillyGreat post and your thesis is similar to mine - getting to a 40p-50p EPS and PE in the 20x-25x range, leading to a £10 share price within 2-3 years. Also agree about a divi. I'm not bothered with it myself but others are and therefore would be good to increase the pool of possible investors. I think there has to be a good chance that they introduce a small one this year. Adam |
Posted at 04/1/2024 09:39 by philly cheesesteak Still think that this looks like the next Tracsis. The measly current market cap is out of sync with material profitability, significant cash balances, appetite for further M&A, quality management & growing recurring revenue base (£6m at YE as per the Mello presentation).My thesis is that EPS growth + PE expansion to align with Tracsis will result in shares continuing to move higher over the next few years. If the 23.1p FY24 EPS forecast grows to 35-40p by FY26 (£70m top line @12% OM would give ~38p), and the PE normalises to 24x, shares would trade at £9.12. Furthermore, in the next 3 years they should generate ~£15-20m of FCF, to add to the £10m balance they likely finished 2023. This allows for 2 things; further accretive M&A + the establishment of a small dividend to attract income investors. I think it will be useful to dig further into the Tracsis comparisons in future posts, particularly how they've grown through self funded M&A. |
Posted at 28/11/2023 08:17 by davidosh Perfect timing to meet investors and there will be nearly 400 attending...MelloLondon Investor Conference Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators and local authorities, is pleased to announce that the Company will be presenting and exhibiting at the MelloLondon investor conference on Thursday 30(th) November 2023, to be held at the Clayton Hotel Chiswick, Chiswick High Road, London, W4 5RY. Russ Singleton, CEO and Nick Lowe, CFO will give two presentations, one at 11.00 a.m. and another at 2.55 p.m. each followed by a Q&A session for attendees. The Company will also be hosting a stand to meet investors. For further information and tickets (use code SHML60 for 60% off ticket price) for the MelloLondon conference, please visit the event website at . |
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