Journeo Share Discussion Threads

[adamb1978] 16/11/2023 08:06

Horneblower

Thanks - am not a charist - what is the arithmetic behind the moves to points A in the charts? Same gradient or....?

Price just seems to be drifting due to lack of newsflow

[davidosh] 15/11/2023 22:22

Journeo are at Mello London on the Thursday 30th November along with some outstanding keynote speakers and panelists.

There are lots of other interesting companies on both days and well worth a visit.

[eeza] 10/11/2023 10:08

Yesterday 14k of sells took the bid down 12p. Today the same amount of buys results in 0p move.

MM's have obviously been given some to sell. Miton?

[eeza] 10/11/2023 07:12

Premier Miton reducing.

[lomax99] 10/11/2023 06:38

DSM is looking to wind down, which means at some point it's holding in JNEO will be realised.

[davidosh] 09/11/2023 22:27

This is what Downing had to say about Journeo in their results report today...

Journeo Plc (5.8% of NAV, contributing 1.62% to performance with share price up 37.8% in the period). Journeo is a leading Intelligent Transport Systems provider, delivering solutions in towns, cities, airports, and the public transport networks that connect them. The company works extensively with local and combined authorities, Network Rail, and many of the largest multinational transport operators, supporting them as systems converge toward a more efficient and sustainable future.

Journeo has seen the benefit of the successful integration of its acquisition of InfoTec which DSM helped fund when we invested in January 2023. Since then, the company has announced 11 contract wins. These amount to GBP10.8m of purchase orders or contract wins, which help contribute to the GBP27m order book and GBP55m of sales pipeline which was announced in the interim results in September. There are several tailwinds for Journeo, many of which are not within the forecasts in the market. These include;

Move to recurring SAAS revenue which will increase with the recent acquisition of MultiQ which has 70%+ recurring revenues. This should lead to a general re-rating as the quality of earnings improves.

Further contract extensions including the next phase of the New York Subway contract (phase 1 was worth GBP15m over c.3 years). Extensions to other Frameworks including Arriva Bus.

Macro tailwinds that are not in forecasts include infrastructure initiatives that are funded -- including the Bus Service Improvement Plan (BSIP GBP1.2bn), Zebra (GBP220m) and of course the next phase in rail infrastructure spend which is CP7, which starts in April 2024. Journeo will benefit from these initiatives. None are accounted for in forecasts or pipeline numbers.

Opportunities provided through acquisition. As we have seen through the acquisitions of InfoTec and MultiQ, Journeo's management team is prudent and will carefully manage the timing of acquisitions so as to not distract from organic growth. We expect that there will be further acquisitions in the coming 12 months, with a particular focus on rail.

We bought Journeo on a very modest PE of below 5x earnings, mainly due to the fact that the company had come through a turnaround and had to prove the acquisition of InfoTec. However, the management team has delivered, and interims reflect the transformation. The house analyst notes that Journeo looks compelling on an FY24E Adj P/E of 10.1x vs peers on 13.2x and reiterates their 1-year target of 338p (current 208p). They note that further upside could be seen if cash balances are deployed on additional acquisition opportunities leading to earnings accretion. We expect that there is upside in the forecasts through the macro tailwinds highlighted above.

[eeza] 06/10/2023 22:50

Trades of only ~ 4000 are usually delayed by at least 1hr.

[vfast] 06/10/2023 22:29

JNEO shares in issue approx. 16.22 million after rights issue in Jan 2023.

But the share price can be volatile due buys and sells.

[dealit] 06/10/2023 08:36

Only 8.74m shares outstanding, sensitive to buys and sells?

[vfast] 05/10/2023 23:48

M1roda,

That is a good question and I have noted the same trades which appear to be buys!

I can't give a definitive answer regarding the trades and the share price however I'm very positive that the share price will kick up hard again before the yearend.

So much going for JNEO, right company in the right place at the right time.

I believe at some stage JNEO will be snapped up by a big company.

IMHO

[m1roda] 05/10/2023 20:40

Evening I have been watching these shares for a long time (from when they were 21st century) and my wife would say obsessively !! I wonder if anyone can explain this to me. In all that time I have never seen any share buys and sells the next day yet for the last 4/5 weeks they have been a regular occurrence. Just this week on Monday we had 100,000, Tuesday 23,000, 50,000 and 25,000 and today 53,500. These all appear to be buys. That means when we look at volume on this website they are understated !!! Also a few weeks ago 360 shares got sold and the share price dropped 3p and today 2,000 , 1,000 and 2,000 resulted in another 3p fall and when we have 10,000's of buys the share price doesn't move !! The cancelling on the HS2 is a win for Journeo as investment will go into the buses so I don't see any reason for the 'large' fall in share price.Also watching the presentation the company looks like it is in good hands and is expanding at the right rate ( in my opinion it would fit very well with a company like Tracsis and would double their turnover and profits with further savings achievable)I wonder if anyone can explain what is happening with this share price. ??????????Thanks for reading this and please do your own research

[vfast] 05/10/2023 17:11

Sunday October 01 2023 The Sunday Times by Harry Yorke and Nicholas Hellen

Sunak set to spend £700m on the buses as HS2 falters.

The PM plans to reverse cuts to local transport services as he seeks to soften the railway blow.

www.thetimes.co.uk/article/sunaks-700m-on-the-buses-as-hs2-falters-wtvj5rdvp

[charliec51] 05/10/2023 14:39

There is a seller out there - not surprisingly given the strong run we have enjoyed.

[dealit] 05/10/2023 13:14

I agree with what you both say, why the dip in share price 2 days running?

[hydrus] 05/10/2023 10:41

Totally agree Charlie that occurred to me too. Got to be way more opportunities than for just one rail line. Talk of bus routes etc also. Stars are aligning for this company and fortunately they seem to have outstanding management.

[charliec51] 05/10/2023 10:37

Whilst I have some difficulty in believing any promise made by any politician, no matter their persuasion, I cannot help but feel the diversion of £36Bn ( I accept in reality the figure will be far, far less) from HS2 into other modes of public transport in the Midlands and North can only present a huge opportunity for JNEO.

[multibagger] 03/10/2023 06:19

Good morning all :)

Not heard back from Kazoom (the thread creator) and appears to have last posted on ADVFN on 30 Sep 2021. So not sure if he is active in the market.

Could be time to set up a new JNEO BB thread to be able to incorporate videos, research reports etc ? Plenty going on business wise.

If someone is volunteering to set up a new BB please post accordingly, otherwise I will have a go at setting a basic one up in the next few days. People can of course post where they like/wish to.

[vfast] 02/10/2023 20:27

For anyone who missed the presentation and anyone who may be interested in the company.

JNEO Investor meets Company presentation 28/09/2023

[multibagger] 28/9/2023 13:14

Hi Kazoom...

Plenty going on with JNEO - would you kindly add the Investor Meet Presentation when it becomes available in the Header please ?

[multibagger] 28/9/2023 13:09

I listened to the JNEO presentation as well - this one has certainly got legs in terms of growth potential. The scale of the market and penetration is a lot bigger than I imagined. The funding streams are key and looks like next acquisition would also come from the Nordics.

Need to take some more JNEO :)

[vfast] 28/9/2023 12:38

Excellent presentation, a lot more to come from JNEO in both organic growth & acquisitions.

2 points from the presentation.

1. "More airports to come".

2. "More software contracts kicking in shortly".

[babbler] 27/9/2023 09:07

Presentation tomorrow