Journeo Share Discussion Threads

[vfast] 13/2/2021 21:48

From the trading update below in December they said they will hit market expectation so that looks like EBITA £1.2m and EPS 3.6p for 2020.

Journeo plc 14 December 2020

("Journeo" or "the Company")

Trading update and loan note extension

Journeo plc (AIM: JNEO), the information systems and transport technical services group, is pleased to provide the following update.

Trading update

The Company has continued to perform well in the second half of the year.

Trading is expected to be ahead of the first half and meet market expectations for the full-year ending December 31st.

[weatherman] 13/2/2021 20:43

Thanks for that vfast - looking good for the coming few weeks.

[vfast] 13/2/2021 20:21

WH Ireland forecast dated 19th Dec 2019 below and final results out by the end of March this year.

WHI estimate 2020 EBITA £1.2m EPS 3.6p and for 2021 £1.7m EPS 9.2p If they hit these figures 100p looks very cheap!!!

Sorry about the table I just copied and pasted it from the PDF but you can work it out.


Y/E December 2018A 2019E 2020E 2021E
Revenue (£m) 12.6 11.8 14.6 16.0
EBITDA 0.3 0.1 1.2 1.7
PBT (£m) -0.3 -0.7 0.3 0.8
EPS* (p) -4.4 -11.2 3.6 9.2
P/E (x) NA NA 14.5 5.7
EV/EBITDA 21.2 38.9 4.3 2.7
Net debt (£m) -1.1 -0.6 -0.8 -0.2

[weatherman] 11/2/2021 14:08

Results released 2 April last year.

[spaceparallax] 11/2/2021 12:06

Bizarre that the share price is supposedly dipping after a sale of 300+ shares - MM games methinks

[spaceparallax] 10/2/2021 15:56

Interesting to see the purchase prices being paid earlier today - way above share price

[vfast] 10/2/2021 15:39

Weatherman, have just checked half year results and it looks like first half profits were £200,000 which is an increase of £500,000 over a £300,000 lost the year before.

I would think for the year ending 2020 profit will be around £500,000 EBITA.

But that said the company has preformed well and back into profit. Their new software is well ahead of the competition and has great potential.

See below from the first half results.

Chairman's Statement.

"We are pleased with the results for the six months ended 30 June 2020, which are in line with our expectations. Revenues increased by 18% to £6.8m (H1 2019: £5.7m) and delivered operating profits of £0.2m during the period (2018: loss £0.3m), an increase of £0.5m compared with the same period in 2019".

Edit 4.05pm looking at it again it does state:-

Financial headlines "Underlying profit before depreciation and amortisation of £0.5m (2019: loss of £0.02m)"

[weatherman] 10/2/2021 14:44

Compare with SMRT Smartspace Software - they offer software for business room booking, went from a low mkt cap of £6m to over £40m - even with turnover £5m, loss of £1.6m. Not that different to JNEO in terms of developing software to make use of public transport smarter, but JNEO seems ahead of the curve in terms of EBITA.

[vfast] 10/2/2021 12:00

In that case with £1.5 million EBITA and a market cap of £15 million would see the share price close to 200p.

May be the share price is just catching up after being left behind.

[weatherman] 10/2/2021 11:20

Last year was EBITA £1m plus from reading statements, could be in for £1.5m this year - then might support a mkt cap of £15m imo.

[vfast] 10/2/2021 11:13

MM's are bidding up to 92p for stock. I'm over the moon with the share price increase however I would like to know what's behind the increase?

One or a mixture of the following:-

1. Big buyer for the shares.

2. Very large contract win(s)on the way.

3. Developed new software for the transport sector in regard to Covid 19.

4. Final results and back in to good profitability EBITA £1 million plus.

The offer price is now a 100p

[spaceparallax] 10/2/2021 10:56

I don't know what's driving it but I like it.

[weatherman] 10/2/2021 10:30

Getting close to 100p - will it break through today ?

[vfast] 09/2/2021 15:56

Just checked and believe it or not you can sell for up to 90p. I would think it will push up again!

I 100% agree with your post however for an share price to double in a few weeks makes me think something is going on behind the scenes.

[spaceparallax] 09/2/2021 15:41

JNEO are only a small company, but are into a niche area that offers genuinely useful applications with Worldwide potential. Good luck to them, it's refreshing to have an interest in such benevolent enterprises.

[vfast] 09/2/2021 14:27

MM's biding up to 86p now, well over the 80p quoted. Think we will see more movement soon.

spaceparallax, what a lovely dream we are having. The MM's are short but there must be something going on.

JNEO has been under the radar and may be a few investors have cottoned on to the potential.

Hope they comeout with another PO and/or contract win this month or March and positive final results.

100p plus?

[spaceparallax] 08/2/2021 16:58

Very interesting of late. First the promising contract news and then the share price begins to seriously take-off. Dreams can come true vfast.

[vfast] 08/2/2021 16:24

MM's biding 83p, 3p over the quoted 80p price.

May be an over due rerating?

[vfast] 05/2/2021 14:49

Speculation or leaked information.

1. Tipped in the media today or over the weekend.

2. More PO's and/or contract wins.

3. Takeover speculation.

4. Good figures for final results due out in March/April.

[weatherman] 05/2/2021 14:15

Nat Express is going higher - maybe the reason.

[spaceparallax] 05/2/2021 13:55

Wow, what's occurring?

[vfast] 05/2/2021 13:05

Not far off 100p now!

There appears to be a lot of interest in JNEO but I think the MM's are short!

We may see some share price volatility if the MM's are looking for stock.

[vfast] 04/2/2021 12:41

MM's are now on the bid at 73.6p. 5.6p over the 68p quoted.

Any buying may push it up quickly and/or the MM's may have an order for stock.

We shall see!!!

[vfast] 03/2/2021 15:42

Fair comment Spaceparallax.

My assessment was based off a very small market cap which IMO is undervalued and there is not many free shares in the marketplace so any buying it will move quickly.

Note todays trades the 2 buyers have paid a premium for the shares and the MM's are now on the bid at 72p way over the quoted 68p.



Added 4.27pm, MM's now biding 72.9p...pressure to move up!

The last trade marked as a buy at 72.2p is a sell.

[spaceparallax] 01/2/2021 15:32

That would be nice, but tbh I think we'll need much more good news and a demonstration of yoy solid fundamentals